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Thursday, 4 November 2021

DBS - Continuous days of Black candles but hitting a new ATH @$32.37. Bearish sign of sharp drop like last ATH @ $31.74 after Friday Q3 result???

 

















Posted by Createwealth8888 at 08:09
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6 comments:

  1. Unknown4 November 2021 at 21:08:00 GMT+8

    Have you sold your DBS and waiting to buy? Hence the bearishness?

    ReplyDelete
  2. Createwealth88885 November 2021 at 07:52:00 GMT+8

    "Broad-based business momentum was sustained in the third quarter and our pipelines remain healthy into next year. A progressive normalisation of interest rates in the coming quarters will be beneficial to earnings," said Piyush Gupta, chief executive officer (CEO), DBS.

    The CEO is expecting profit before allowances to be higher in 2022.

    The latest set of results brings DBS's nine-month net profit to S$5.4 billion, up 46 per cent, with Q1, Q2 and Q3 FY2021 being the three highest in history.

    The board has declared an interim dividend of S$0.33 per share, amounting to an estimated dividend payable of S$848 million and bringing the dividend for 9M FY2021 to S$0.84.

    "Asset quality continues to be resilient and total allowances are likely to remain low. These positives will offset expected cost pressures as the economic recovery takes hold," said Gupta.

    ReplyDelete
  3. Singapore Man of Leisure5 November 2021 at 10:52:00 GMT+8

    Well, somebody is happy today!

    Today's closing for DBS would be interesting. Wink.

    ReplyDelete
    Replies
    1. CreateWealth88885 November 2021 at 18:19:00 GMT+8

      Another black candle today. Whole week of darkness. Not interesting?

      Delete
    2. Singapore Man of Leisure5 November 2021 at 19:44:00 GMT+8

      CW,

      Since I'm not vested, I'll just stick my head out.

      It looks like distribution to me...

      Someone is using the higher prices to get out!

      Delete

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