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DBS
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Thai Sri Trang sets IPO price at S$1.20
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Knightmyst
Member |
21-Jul-2020 12:37
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I already mention way back the technology stocks will be strongest in the rally. But these guys go Huat Huat with the banks.  While technology shoots, the circus door for the banks will remain shut for those who enter, especially at higher price for a Long Long time. However, The 3 big clowns will dance inside |
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kandinsky
Master |
21-Jul-2020 12:26
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The bank counters are indeed circus acts. Many dividend investors are stuck with the banks even if they decide to offload.
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pasttime
Supreme |
21-Jul-2020 11:02
Yells: "gold silver are real money. not others iou." |
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there are different types of investors. some like growth, some like stable dividend. for those who like dividend, a 6% return is good. if there is a 20% cut in dividend going  forward it is still good compared to near zero return for deposit. capital can raise or fall. but at least one knows that over time, investment can be recovered with dividend. for traders this dbs daily range is profitable if they can ride on it. but mostly not worth as their broker made a lot more. more for house traders. |
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Knightmyst
Member |
21-Jul-2020 10:56
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But no one like stagnant and downtrend stocks that last Long time. Such will be the fate that falls upon the banks.  | ||||
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pasttime
Supreme |
21-Jul-2020 10:04
Yells: "gold silver are real money. not others iou." |
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most people are correct about their forecast. the difference is the time. if one said it is going up/down. i ask in next 1hr , 1 day, 1 week, 1month, 1 year? the longer the time horizon the more a business will reflect it value. the shorter the time frame, the retailer get eaten by opertors. their trade cost very low but their business cost may not be low. so they cannot go long time horizon. i see a good price buy, high price sell a bit.there will always be a position and over time the cost gets lower. trade proft + dividend.   |
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Knightmyst
Member |
20-Jul-2020 23:48
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Starship, your clown exchange looks very cute. Exactly portraying the 3 banks. The 3 big clowns. the sti index might as well rename to 3-clowns index |
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trademaster
Supreme |
20-Jul-2020 23:04
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Tonight Dow and HK mkts bounced up on vaccine news and slowly drifting back down after factoring the good news. China and HK mkts will correct further with big funds taking profits and pull out of mkt, lets see if there will be panic selling by chinese retailers next few days, really nothing is gd now
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Knightmyst
Member |
20-Jul-2020 18:21
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This is what happen when investors buy banks during a recession. Lucky which I avoid, cause I knew better. Why would bank shares rise during recession? Those who buy will see up down up down in largely stagnant movement. And sti will be stagnant together as sti is just a clown exchange of the bank index. Why not call it bank index? | ||||
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Starship
Supreme |
20-Jul-2020 18:09
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As expected fm a Clown Exchange  ![]() ![]()
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lighter87
Master |
20-Jul-2020 16:17
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Yeah but if usa drop, sti most likely will drop. Our sti famous for dropping very fast and climbing very slow
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trademaster
Supreme |
20-Jul-2020 15:17
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HK shares also went up a lot last 2 wks sucking in many retailers, looks like big correction for HK mkt coming soon..
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trademaster
Supreme |
20-Jul-2020 15:07
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HSI freefalling again...overall mkt weak
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bxylqwan
Master |
20-Jul-2020 14:50
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STI indeed quite hopeless. No wonder so many moved to US stocks | ||||
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kandinsky
Master |
20-Jul-2020 14:47
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huh? US rallied like crazy previously but we barely even started. Some US stocks have increased a few hundred percent, sg stocks are still mostly moving sideways.
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lighter87
Master |
20-Jul-2020 11:20
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Support at 21.07 and 20.50. sti follow usa, and USA seems to be at top already. Downside risk is high
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tt1010880
Senior |
20-Jul-2020 11:15
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With support broken any next guess on where the price will fall to?
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Knightmyst
Member |
20-Jul-2020 11:14
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Of Course, it is expected to drop. Cause people who blindly buy when the banks drop will now know, that dividend is not everything. What for earn 6% dividend to have it drop and drop? Btw it is not 6% a year, i prefer to look at it as 1.5% dividend per quarter.  that banks will have lots of issue like bad debt, Low sibor rate, and the trend of declining interest rates worldwide. Only that UOB analyst Will be that bullish on banks. Talking rubbish totally. |
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investshare
Supreme |
20-Jul-2020 10:52
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Actually as long as export good, Singapore foreign reserve will grow, that?s what matter the most.
Those internal GDP such as rental and retail and f&b I think do not matter so much. Because if one does not spend on f&b for example, sure f&b biz affected, but the money is still there in consumer hand. |
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trademaster
Supreme |
20-Jul-2020 09:28
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DBS breaks 21.40 support
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kandinsky
Master |
17-Jul-2020 13:12
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Do you feel the sti bouncing? Sti is like a half dead horse.
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