2026 $DBS(D05.SG) guidance: SGD3.30. Ordinary 2.70 + capital return 0.60. Yield 5.8% at 57.78. CET1 still 14.2%, CPF OA eligible, SRS eligible. 10-year SGS at 2.7%. Spread 310bps. This is not income investing, this is carry trade with a blue chip wrapper. 🤣
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