$DBS (D05.SG)$ not bad for a share that has a 10% hit to pro...
$DBS (D05.SG)$ not bad for a share that has a 10% hit to profits. lots chat about 30, 40,50 but the sellers struggling to even bring it below 58, even with these results. in a summary it looks good yeah. and cba announced great results up 8%. shd have some knock on
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102752785 : its now 57.55. where is the struggle to bring it below 58?
151183299 OP 102752785 : wasnt it a struggle? so much selling and its just 57++
106307687 : now it's question going down to 56 or not ...
151183299 OP 106307687 : yeah for sure. but 30/40/50? overall id say it’s holding up really well considering the results
106307687 151183299 OP : you sure coming down to 56 soon..when tomorrow ??
102752785 151183299 OP : many home ground supporters.... despite the reality of earnings results. emo.
jwinvests 102752785 : DBS doesnt drop on earnings reports. it drops during macro events, e.g AFC,GFC, Covid, etc. and when it does, approximately 50% drop. its not really a trading stock, but more of a buy hold, forget and collect dividends every quarter stock. and because its a quasi govt owned stock, much like many of the banks in China, regular, steady dividends is an important kpi for the mgmt.
just remember to load up during the next crisis,then you can sit on 5-10% yield for the next 6 to 8 years before another macro event hits.
151183299 OP : buy on rumour sell on news. the news is alreasy out, its timefor the rumuor
winston870 : today is the last day to take the train.
106847623 : Exactly. Mostly retails who hold minimal shares selling now. All those making noise hoping it falls, struggle to even buy 100 shares of DBS. Haha.
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