Latest Forum Topics /
DBS
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DBS
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latentalent
Member |
11-Apr-2022 10:41
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Fed is going to hike interest rates and shrink the balance sheet. Now that the US 10-year treasury yield has gone up to 2.76%, it will become expensive to borrow US dollars to invest in other countries (carry trade). So likely fund managers are selling riskier assets like equities. When fund managers sell equities sell equities, they will sell companies that are going to see a drop in profit. Since DBS is going to see a drop in net profit due to troubles in Greater China, it is a natural choice for fund managers to dump DBS. So today' s gap down to below 100D SMA is an ominous sign. It could be a bloody April.   |
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zillion
Master |
11-Apr-2022 10:24
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STI double top formation so is DBS. | ||||
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bishan22
Supreme |
11-Apr-2022 10:13
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Most counters oso lau sai......
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alwayshopeful
Senior |
11-Apr-2022 09:06
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DBS why down 1.2% today? 33.95 now. |
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Ling9345
Master |
08-Apr-2022 17:36
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Hope next week can back to 35 first than 36 | ||||
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ttworld
Member |
08-Apr-2022 15:51
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i go in 1 lot at $34.39 *fingers crossed*
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slingshotpro
Senior |
08-Apr-2022 15:10
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Drop from $35.96, that is a $1.64 drop for a $0.36 dividend.
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Luckygal
Member |
08-Apr-2022 14:32
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Likely to rebound 3rd week of Apr, before results announcement. | ||||
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newbie19
Supreme |
08-Apr-2022 14:26
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Yes drop fast but rebound also very fast..
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112233
Master |
08-Apr-2022 14:21
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yup. i prefer to stay on the sideline first. 
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hokpin
Supreme |
08-Apr-2022 14:20
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Why DBS dropped so much compared with other 2 banks? | ||||
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Alvin2562
Member |
08-Apr-2022 14:05
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Dbs when rebound , is very fast , that time from 31 to 36 dollars , just within 6 tradings days only . Very confident on this share | ||||
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ahhuat08
Elite |
08-Apr-2022 13:58
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" 31.86 or therebaouts
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ahhuat08
Elite |
08-Apr-2022 13:57
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someone did mention that rate hikes are actually positive for this counter, or the banks at large, however, i beg to differ, waiting to collect at near to its 200 sma line of 32.1 or thereabouts
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ROUTE66
Member |
08-Apr-2022 12:13
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Not weird but rather a very smart move 
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112233
Master |
08-Apr-2022 11:58
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not looking good. near future effects of aggresive rate hikes finally sinking in.  | ||||
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ROUTE66
Member |
08-Apr-2022 11:38
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Thank goodness, sold my shares in late March close to $36. The dividend of $360 per lot is not even enough to make up for the losses as a result of the drastic drop in share price. Am expecting the price to drop further in the coming days. |
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latentalent
Member |
08-Apr-2022 11:36
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If you look at the US banks, they are also dropping because the rate hikes are too fast too furious. Business owners and potential home owners may hesitate to borrow from the banks as they may not be able to service the loans. In general, the rate hikes are designed to erode demand and eventually, a recession will come. So be very careful about DBS. It has dropped below 50D SMA  ($35.15) after ex-dividend and if the head and shoulder pattern is confirmed, then it will go below the neckline ($32).    |
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newbie19
Supreme |
08-Apr-2022 11:27
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Now 86c..i also wonder why so much...
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TigerPlay
Master |
08-Apr-2022 11:16
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CD is 36cts, but why it drop 72cts today, anyone know the reason?  
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