I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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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???



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

  2. "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.

  3. Well, somebody is happy today!

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

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

    2. 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!


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