Full year 2021 results:
- EPS: S$2.39 (up from S$1.69 in FY 2020).
- Revenue: S$9.13b (up 20% from FY 2020).
- Net income: S$4.08b (up 44% from FY 2020).
- Profit margin: 45% (up from 37% in FY 2020). The increase in margin was driven by higher revenue.
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates.Over the next year, revenue is forecast to grow 19%, compared to a 31% growth forecast for the banks industry in Singapore.
Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.