Full year 2021 results:
- EPS: S$1.07 (up from S$0.80 in FY 2020).
- Revenue: S$9.72b (up 20% from FY 2020).
- Net income: S$4.86b (up 38% from FY 2020).
- Profit margin: 50% (up from 44% in FY 2020). The increase in margin was driven by higher revenue.
Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%.Over the next year, revenue is forecast to grow 17%, 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 1% per year whereas the company’s share price has increased by 4% per year.