Add @ $14.90. My average $14.94.
Affordability is a strong word to use with a -4% contraction condition. 15k per lot, 150k per 10 lots.
I buy DBS when price below $15, as long as I can afford. Just like buying property, buy as long as I can afford.$15 because it is around 90% book value, and 4% dividend
Both DBS and OCBC cited increased compliance cost as reason to expand and scale up, while ANZ sold its wealth banking for the same reason. I think with the money laundery compliance issues toughen, bigger banks will have out-of-proportion advantage in managing their cost. While the immediate economic outlook is not very clear, I believe over next 10 years China and ASEAN will continue to grow above world average. It is important to position ourselves now with such exposure now.
.....Not much lah... dont be too happy yet .. shortists later will bring down the price 🙁
today DBS got strength leh ...
today DBS got strength leh ...
See article below. Didn' t I make a similar pt in my post below earlier? No, I' m not bragging. Just making sense that I have a sense of what' s going on n don' t talk anyhow. Doomsday exponents who had attempted to ridicule my posts are welcome to continue to do so. It' s OK by me cos time will tell who are the real idiots n/or mischief makers .....
Don' t think the economy is doing that badly n don' t think a lot of coys are really struggling either. GFC time probably worse n still bks got over it rather unscathed. Anyway, 1-2% growth is quite normal for developed economies. But if the situation does get really bad, we' d probably see some generous handouts using tax payer $$$ so will help a lot. Truth is, many who don' t need help, n don' t even deserve it, also get to enjoy the dole outs so that the spare cash ends up going towards that spare Merce. That' s what I call playing the Sheriff of Nottingham where I' m the poor Robin Hood.
those companies affected by economic slowdown able to pay their loans to the bank ?
A new trend will happen next Tuesday after the US election, be it up or down. right now, it will yo yo. I rather stay out and wait, no stress.
Agreed. Current sgx market does not favour long term investors. Shortists usually are the winners :(.
Yes, but very little these days. The way this mkt is beling played, we can do our own assessments, but still kena hoot. So, I have become a bit of a coward in playing the mkt, although I am personally very bullish on DBS.
You are vested in this counter , bro ? It will be nice if it can go above $16.. will prob sell then, but will leave behind those odd number of shares inherited as dividents . LOL
As I mentioned before, share price next 6 months may still under pressure. Market is still very concern on the O&G debt issue. While we may say that the risk is very small, risk is still risk. And there is a reward to shoulder the risk. This is important as investors must always understand the risk and reward he is after. As such, I do not view current price as cheap, and therefore I do not blame short sellers for pushing down the price.. But I view it that it has priced in the risk that I can take. One of such risk is price could stagnant or go lower over next 6 months. Ask yourself if you can take this risk with DBS.
Last min ended with a red. Poor closing.
Yes, but very little these days. The way this mkt is beling played, we can do our own assessments, but still kena hoot. So, I have become a bit of a coward in playing the mkt, although I am personally very bullish on DBS.
You are vested in this counter , bro ? It will be nice if it can go above $16.. will prob sell then, but will leave behind those odd number of shares inherited as dividents . LOL
Yesterday morning, I made the pt in a post further down that at some pt, the provisioning will taper off, ie, at some future date going forward. This writeup below seems more hopeful than I am. So, if really it happens that by 4Q, we' re not gonna be confronted by more big scares (or at least substantially less of them ), then I' m gonna make a bold guesstimate that 4Q for DBS cld come in at 1.3-1.4 bil, translating into FY16 of 4.6-4.7 bil, or eps of 1.80+-. DBS is trading at PE< 9. If we were to take the average PE for banking n finance to be ard 10, then my own forward TP for DBS for the next 6 mths wld be 18+. DYODD as always though. Also, do guard against scare-mongering n lots of potholes n booby traps out there. Good luck to those vested. For me, a prized stock.
Last min ended with a red . Poor closing.
