Latest Forum Topics /
DBS
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MM2 Asia [1B0.si]
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Immortal
Master |
22-Feb-2017 21:42
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Good closing....still in the box though |
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jeremyow
Master |
22-Feb-2017 11:14
Yells: "Passionate business investor" |
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Certainly last year was the best point to accumulate DBS shares around $15 to $16 when the instituitional buyers (big boys) were also accumulating DBS shares before they started to rally the run up which begun in Nov last year. This was also timely since the US presidential election was also round the corner then and noticed that the share price of DBS started to rally as soon as the US markets also started to rally from the presidential election. It is just so coincidentally timely that the big boys know when to do their rally up of the share price on good market sentiments play. 
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leongyan
Master |
22-Feb-2017 11:07
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last year was a good year to load up DBS and OCBC bank stock. Every 100 lots you would have made at least SGD100k if one is still holding on to it. Having said, trade carefully as market indices have gone a bit high. Dow has rallied up pretty much also. DYODD as usual
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jeremyow
Master |
22-Feb-2017 10:44
Yells: "Passionate business investor" |
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If I am not wrong, my guess is that the institutional buyers (big boys) have already accumulated their positions around $15 to $16 for the entire last year 2016. This happens to be also an undervalued price for DBS shares. So, they will take their time to rally up DBS shares and unload at different points (distribution points). So I think this share still have chance and room to still go higher as they unload their shares to other buyers upon pushing up the shares at opportunate times. But the higher it goes, the higher the risk that at some point once the distribution is completed, DBS shares will start to see a sharp drop in price and the reverse happens due to sustained shorting. I think the institutional buyers (big boys) are also smart to know what price to pay for DBS so as to accumulate at cheap valuations and rally the share price up and then start to unload at higher valuations.     |
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Immortal
Master |
22-Feb-2017 10:13
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DBS is now firmly in the box. it will bounce up and down before a breakout to the upside. |
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jeremyow
Master |
22-Feb-2017 09:16
Yells: "Passionate business investor" |
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Yes, expect a correction to Dow Jones and other US indexes after the recent euphoric run up. Indexes do not remain bullish forever. The more bullish it is, the higher the chance of a correction that is due. Just be careful and do not be too happy that the bullish run up should continue at same rate forever. The faster the run up the more unsustainable it will be.    
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sengsk
Elite |
22-Feb-2017 09:04
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More selling to buyer than buying......... Becareful !
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sengsk
Elite |
22-Feb-2017 08:53
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SELL !!
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TMW1986
Master |
22-Feb-2017 08:18
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Wait for further result or news update. Oil price is hard to go back $60 if US shale productions don't cut. I am working in an oil major so I know the market. Mar onwards price is indeed bad. Currently too much supply in he market already. Let's see next month and you will know. But like what I said earlier on, O&G industry will be like shipping industry, it may take up to many years or even a decade to recover. Past few years people have been too bullish and aggressive and resulted in the oversupply. It is not a few months or years then the oversupply problem will be solved. And also the oversupply problem don't happen overnight also. When oil price start to rise to $100 in 2014, the problem already start to grow seriously. But human being are very emotional creature, never learn from mistakes and greedy.
Same thing for the sudden surge in US stock recently, investors etc think Trump can really push economy up again, but still need some time to show the new implemented policies whether they are workable. If all failed, share price will drop again. And we have to be smart and not greedy enough to get off and lock in profit before it drop. There are already reports stating how Long can the rally go. You can see since Trump win, within 2 mths, most of the indexes already rise around 10% or so to reach record high. Once it loses the steam, the game plan may change.
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TMW1986
Master |
22-Feb-2017 08:02
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Chiong arh!!!
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Wind22i
Supreme |
22-Feb-2017 07:46
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Dow jones up another 100++ to new high. Interest rate hike expectations is high..
Shld be good for banks if interest rates go up.. |
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jeremyow
Master |
21-Feb-2017 15:20
Yells: "Passionate business investor" |
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FATABA
Supreme |
21-Feb-2017 15:08
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Charts aside ......and if debate is on oil price ( it can also goes $60 ) .....more so , oil sector companies debt is provisioned for . Not forgeting that this loans are all collated with some asset ( well debate on the value but banks are conservative in nature ) Other factos ( not talking about a short term trade ) ....if US mkt is still up ( which shld be currently  ) and our STI shld be also marching up ...then DBS and OCBC do plays an role here.  2nd March interest hike seem very certain / if not more to come.  Overall the budget seem positive and banks do benefit from this .  Analyst still offer a TP of 18.60 ....higher then today price..so ? ( at the end ....how frequent are this analyse accurate ..lol) Overall I personally view ( beside Ta and FA) ...that this counter is worth investing . DYODD. Appreciate some of those good input from you all below . Thanks
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jeremyow
Master |
21-Feb-2017 14:55
Yells: "Passionate business investor" |
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Thanks TMW1986 for your market info too! We need all these info too to get things into prespective so as to understand the current mood and behaviour of the market towards DBS. Short term movement of share prices is due to market sentiments on news while longer term movement of share prices is based on fundamentals and intrinsic value of the business. 
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TMW1986
Master |
21-Feb-2017 14:50
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Agreed. Seems like stabilise between 18.40-18.50. Need some catalysts to go further or need soem bad news to drop further. Can go either way for the next few weeks.
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jeremyow
Master |
21-Feb-2017 14:47
Yells: "Passionate business investor" |
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However, it is in such challenging situations that can present good prices to buy DBS shares. I don' t think the Ezra case will be a major blow for DBS. But short term wise may have some impact to its share price. However, fundamentally speaking, the business is still very much resilient and can take such one-off blow. DBS should continue to be profitable this year just that any impairment from the Ezra case may cause a small dent on its net earnings this year. One could capitalise on the right time to buy the shares should it suffer some impact from the Ezra case. This may not be a major blow to them, but could present potential opportunities to buy DBS shares at lower prices upon any short term selling due to the Ezra case.
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jeremyow
Master |
21-Feb-2017 14:30
Yells: "Passionate business investor" |
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Thanks TMW1986 for the market info. Seems that if we put everything together into perspective, it makes sense that these current happenings are spooking the market and especially bank stocks that have some exposure to Ezra like DBS right now. That could be the reason for the current poor buying sentiments right now as some investors may prefer to sit on the sideline in anticipation of the news.
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TMW1986
Master |
21-Feb-2017 14:21
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5 Analysts only UOB Kay Hian give a buy call.
Rest of the 4 reports hold call with target price around $18.60 as they think the worst is not over for all the O&G loan. Oil price may drop further if coming Wed US oil stock industry release a higher inventory yet again. Ezra will have news within these 2 weeks. So let's see how the market react and see which institutions give a better call.
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jeremyow
Master |
21-Feb-2017 14:03
Yells: "Passionate business investor" |
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Totally agree with you. DBS share price short term wise may see some selling, but long term wise, it will be uptrend. This is because it is currently still not overvalued yet. Some more, the share price is supported by current dividends of 30cents. So unlikely to reach below $18 unless there is any major catastophe in the global financial markets. Even though I am a fundamental value investor, but looking at the charts, seems also that the long term uptrend is still intact. However, short term may see some small fall in share prices.    
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Immortal
Master |
21-Feb-2017 13:38
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DBS is in a consolidating box, it may be a while range play in this box before any breakout. so have to be patient. |
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