People who follow business news may have noticed two financial industry companies headquartered half a world apart reporting stellar results within days of each other.
Ten days ago, when DBS Group Holdings published results for 2019, it revealed that net profit had risen 14 per cent on year to a record $6.39 billion. Impressively, return on equity - a widely studied benchmark - had advanced more than a percentage point to 13.2 per cent, also a record.
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