DBS
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DBS
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581-600 of 1413
Tomorrow 14.70 will be put to the test. If the closing price doesnt drop below 14.70, we will hold else we we unload 1/2.
Yalor....I missed 14.70 twice in perhaps the last 1~2 week. Sold at 14.68 and getting back $ tomorrow. 66 cts profit happy loh.....
KiLrOy ( Date: 31-Mar-2010 23:10) Posted:
You can bring water to the dog but if the dog doesnt want to drink there is nothing you can do.
Similiarly if the 'mule' stock doesnt want to move up, just trade with it. Lets take step back and look at the big picture again.
I have a support line cutting @ 14.00 and and a high resistance at 15.20. After today, i decided to cut a new resistance line at 14.70 so to play a tigher range. Since we are playing range, we will wait until the CCI (RED circle) do a reverse for a confirmation signal. We want to be also mindful to look at the ADX, to insure that the overall trend is not negative momentum gaining (Orange Square) before we buy in but CCI takes precedence so thats the risk we will have to consider.
So we will buy 2 lots when the CCI starts reversing and ADX is kinda showing weak neg trend with blue line reversed. First failure @ 14.7 we unload 1 lot and with the other lot we look to test for 15.20.
Caveat Emptor~
Bearing in mind that today's price action is approx 90% of the 52 weeks high so there is a risk of correction on a whole. What I am saying please have a stop loss inplaced.
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You can bring water to the dog but if the dog doesnt want to drink there is nothing you can do.
Similiarly if the 'mule' stock doesnt want to move up, just trade with it. Lets take step back and look at the big picture again.
I have a support line cutting @ 14.00 and and a high resistance at 15.20. After today, i decided to cut a new resistance line at 14.70 so to play a tigher range. Since we are playing range, we will wait until the CCI (RED circle) do a reverse for a confirmation signal. We want to be also mindful to look at the ADX, to insure that the overall trend is not negative momentum gaining (Orange Square) before we buy in but CCI takes precedence so thats the risk we will have to consider.
So we will buy 2 lots when the CCI starts reversing and ADX is kinda showing weak neg trend with blue line reversed. First failure @ 14.7 we unload 1 lot and with the other lot we look to test for 15.20.
Caveat Emptor~
Bearing in mind that today's price action is approx 90% of the 52 weeks high so there is a risk of correction on a whole. What I am saying please have a stop loss inplaced.
tOmOrrOw is 1st APRIL 2010
APRIL's FOOL BEWARE Of fOOls
dumbdumb ( Date: 31-Mar-2010 00:24) Posted:
Anyway the target price of $20 is ridiculous, I personally think it will even be extremely difficult for DBS to ever reach $15 again.
OCBC $10 and UOB $22 targets are more realistic. When OCBC hit $10 and UOB hit $22, I think DBS will hit close to $15. These should be the fair values of the 3 banks. |
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Technically, The charts shows that DBS is due to rise.
Fundamentally, its Y09 result is not as good as the other 2 Banks. People will forget about this very soon.
Recently, there were some BB pushing down the price.
I think it's about to run soon, just hold on to your stock.
Anyway the target price of $20 is ridiculous, I personally think it will even be extremely difficult for DBS to ever reach $15 again.
OCBC $10 and UOB $22 targets are more realistic. When OCBC hit $10 and UOB hit $22, I think DBS will hit close to $15. These should be the fair values of the 3 banks.
Well, the choice to buy or sell is up to each individual.
But when UOB and OCBC rise 10% to 20% in 6 months to 1 year time and DBS remains stuck in a rut with 0% gain as it continue its underperformance against the other 2 bank, don't regret.
DBS Group Holdings
(BUY/S$14.66/Target: S$20.60)
Recapitalisation and cash injection by the government of Dubai has
drastically reduced the risk of default by Dubai World.
Yup, me dumb dumb, buy DBS, until today zero profit (no loss yet, but maybe soon if DBS keep fallling) even when STI has advanced 5 to 10%.
If I invested in UOB and OCBC in the same period, would have made 10% profit.
Advising all forumers so that they will not make the same stupid mistake as me.
I dunno why DBS can underperform UOB and OCBC so badly when all 3 banks are tightly regulated by MAS.
helo, just wondering if you did lose money investing DBS that made you so resentful again it?dumbdumb ( Date: 30-Mar-2010 20:22) Posted:
| I think it is best to avoid DBS.
UOB and OCBC has been rising steadily in line with other markets in Asia and U.S.
But notice that DBS is falling everyday.
Maybe it is a loss of confidence in the stock possibly due to the CEO and/or chairman.
Best to avoid at all costs, don't be caught losing all your $$$ in this lousy stock when every other STI is rising. |
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Technically, acquistions are not good for the bank's shares.
When DBS acquired Dao Heng in HK, it grossly overpaid and the share price took a big hit.
During the 2008/2009 financial crisis, DBS is the weakest bank needing a dilutive rights issue to shore up its capital when OCBC and UOB need not.
If it goes on an acquisition again, it may need more capital and maybe another rights issue which will further dilute EPS and lower dividend per share. And the share price will then take a big hit southwards.
DBS has a long history of under-performing OCBC and UOB in terms of ROE and other indicators.
Hence, the most stupid decision is to buy DBS and watch DBS fall and fall while UOB and OCBC keep on rising.
I think it is best to avoid DBS.
UOB and OCBC has been rising steadily in line with other markets in Asia and U.S.
But notice that DBS is falling everyday.
Maybe it is a loss of confidence in the stock possibly due to the CEO and/or chairman.
Best to avoid at all costs, don't be caught losing all your $$$ in this lousy stock when every other STI is rising.
Without history, it will be near impossible to gauge the future. This is why most of the financial gurus used the past to try to look into the future. DBS had risen to >$24.00 in the past and therefore, to reach $24.00 again is possible. UOBKayhian is predicting a rise of $6 to $20.60 soon.
This could be true or it could be just an illusion but the past is indicative that $20.60 is easier to reach than $24.00. I am very excited about the prediction and looking forward to releasing my DBS shares when it hits $21.00.
Yes, it is possible!
leoleo ( Date: 24-Mar-2010 12:52) Posted:
just look forward don't look backward.Previous px for reference only, who know it will break $24 in future...just my view.
incirent ( Date: 24-Mar-2010 10:54) Posted:
I thought DBS went up to $24.00 before the crash. Please correct me if I am wrong.
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just look forward don't look backward.Previous px for reference only, who know it will break $24 in future...just my view.
incirent ( Date: 24-Mar-2010 10:54) Posted:
I thought DBS went up to $24.00 before the crash. Please correct me if I am wrong.
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I thought DBS went up to $24.00 before the crash. Please correct me if I am wrong.
If you intend to hold, be realistic with your price objective. The high recorded the last time was 18.00 during MAY 2007. The low recorded previously was approx 6.00 @ MAR 2009. Current price is just over 70% between the highest and the lowest. Are you prepared to buy now at 70 percentile price or are you ready to sell at 70 percentile price. :P
DBS to benefit most from economic recovery: Citi
By CONRAD TAN
DBS Group's return on equity (ROE) is likely to get the biggest boost of the three Singapore banks as loan-loss provisions fall and an uptick in business spending fuels demand for loans, Citigroup analysts reckon.
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At present, the analysts see few acquisition targets. They feel the most attractive for DBS is likely to be Indonesia's Bank Danamon.
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'DBS is typically a greater loan-growth beneficiary with a return to corporate investment spending and borrowing,' analysts Robert Kong and Ivan Lim say in a report. And they expect small and medium businesses to add to loan demand.
Overall, they estimate the economic recovery 'could raise DBS's ROE from a lowly 8 per cent in the fourth quarter of 2009 to a normalised 11 per cent'.
Similarly, they believe United Overseas Bank's ROE will improve from 12.7 per cent in Q4 last year to a more normal 14 per cent, and expect OCBC Bank to stay 'around the 12 per cent ROE it has consistently produced in recent quarters'.
Last month, all three Singapore banks signalled improved earnings prospects for this year and a renewed push for loans growth, after reporting better-than-expected Q4 2009 earnings as economic conditions improved.
According to the Citi analysts, strategic initiatives announced by new DBS chief executive Piyush Gupta, such as strengthening the management team in Hong Kong, are unlikely to boost earnings much in the short term: 'Hong Kong remains such a competitive market it is difficult to see how profitability can improve materially.'
Another initiative - to raise the revenue contribution of overseas operations, particularly in South and South-east Asia - 'makes a lot of sense' because these markets are twice as profitable for DBS as Singapore or Greater China, measured by the return on assets.
But boosting the contribution of South and South-east Asia to 30 per cent of group revenue, from about 10 per cent now, will require 'some fairly material acquisitions, which realistically will have to be in Indonesia and possibly Malaysia'.
At present, the analysts see few acquisition targets. They feel the most attractive for DBS is likely to be Indonesia's Bank Danamon, which is highly profitable and 67 per cent owned by Temasek Holdings, a major shareholder of DBS.
factoring the rights issue last December, I think the $0.2 Dividend should be $0.17 for current share volume.
Juzztrade ( Date: 09-Jan-2010 13:11) Posted:
Wow! Hope they can resume to pay higher dividend for 2010
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Wow! Hope they can resume to pay higher dividend for 2010
