Hi pinkowl, glad to hear from u again :) I' m just an ordinary person sharing some of my experience, you should thanks yourself for chosen a good investment target. It is important to maintain a neutral n calm mindset in investment, not to be too upset when prices are depressed n not over excited when it rise (bad for our heart). Spend your time meaningfully with your parent, spouse or friends, it is more important to listen to what they say than yellen of the u.s fed say bcos there are companies that do not hold debt, whether a rise or fall in interest rate have little or no impact to their fundamentals. Thus it is more important to focus on the fundamentals of a company than macro factors. Going forward just be patience it take time for a seed to grow n it will not show any changes from second to minutes. I' m confident that DBS price will hit at least sgd20 n it will go even higher than that but I can' t tell u when it is going to happen. Some may query y m I so sure that it will happen n I' m would like to share with everybody the relative method in valuation using the pe method. U can download from Internet the last 10 years DBS operating profit, divide the last ten years year end closing price with each operating profit n u will get a pe for the last ten years. Arrange these pe from small to big n take the median pe (sum up year 5 n 6 divide by 2) n multiply by the current operating profit of DBS n u will get the valuation, those who study statistic before will know what I' m talking about. this going forward if DBS operating profit remain stable we will definitely get the current valuation. Those who have no statistic back ground I shall explain a little bit more. A single year pe does not tell us anything about the valuation. When we look at the last ten years pe it represent the probability of prices moving in line with its operating profit n taking the median pe eliminate extreme mkt condition like bull n bear run n it represent the highest probability to happen again going forward. This is a very simple n practical method however it only can be used on companies that have stable operating profit record. Small companies will be very risky to use such method. Of cos the safest way is to use the cashflow n balance sheet method but that' s much more complicated n I can' t explain by just writing..u need to attend classes that :) many value investor are not willing to share the technicality of the calculation but I' m willing to do so. Just donate a fraction of your profit to the charity organization that help the stray dog n cats n they will be very grateful to us. We have 5million ppl, n if everyone just donate $1 a year it will be a significant amount to help them. I' m stingy to human but I' m very generous to dogs :) haha..

Hi pinkowl, glad to hear from u again :) I' m just an ordinary person sharing some of my experience, you should thanks yourself for chosen a good investment target. It is important to maintain a neutral n calm mindset in investment, not to be too upset when prices are depressed n not over excited when it rise (bad for our heart). Spend your time meaningfully with your parent, spouse or friends, it is more important to listen to what they say than yellen of the u.s fed say bcos there are companies that do not hold debt, whether a rise or fall in interest rate have little or no impact to their fundamentals. Thus it is more important to focus on the fundamentals of a company than macro factors. Going forward just be patience it take time for a seed to grow n it will not show any changes from second to minutes. I' m confident that DBS price will hit at least sgd20 n it will go even higher than that but I can' t tell u when it is going to happen. Some may query y m I so sure that it will happen n I' m would like to share with everybody the relative method in valuation using the pe method. U can download from Internet the last 10 years DBS operating profit, divide the last ten years year end closing price with each operating profit n u will get a pe for the last ten years. Arrange these pe from small to big n take the median pe (sum up year 5 n 6 divide by 2) n multiply by the current operating profit of DBS n u will get the valuation, those who study statistic before will know what I' m talking about. this going forward if DBS operating profit remain stable we will definitely get the current valuation. Those who have no statistic back ground I shall explain a little bit more. A single year pe does not tell us anything about the valuation. When we look at the last ten years pe it represent the probability of prices moving in line with its operating profit n taking the median pe eliminate extreme mkt condition like bull n bear run n it represent the highest probability to happen again going forward. This is a very simple n practical method however it only can be used on companies that have stable operating profit record. Small companies will be very risky to use such method. Of cos the safest way is to use the cashflow n balance sheet method but that' s much more complicated n I can' t explain by just writing..u need to attend classes that :) many value investor are not willing to share the technicality of the calculation but I' m willing to do so. Just donate a fraction of your profit to the charity organization that help the stray dog n cats n they will be very grateful to us. We have 5million ppl, n if everyone just donate $1 a year it will be a significant amount to help them. I' m stingy to human but I' m very generous to dogs :) haha..