Last one standing
2023-03-11

‌$DBS GROUP HOLDINGS LTD(D05.SI)$  ‌


Posted earlier about DBS possible retracement zone at $31.90-$33.00. Seems like it is reaching soon. With the latest "SVB" news, I won't be surprised to see some sell off next week for local banks. Next Tuesday is also "CPI day" which is a "Do or Die" event for the stock market. Either it rallies very hard with a slowing inflation data or it will crash hard. Market is extremely sensitive nowadays. 


But anyway, let's keep to the plan. Don't forget we are 1 month away from the very sexy $0.92 dividends. It is not a coincidence market likes to rally before that. (You can compare against last year) Who doesn't like to buy a "discounted stock"?  


So my 1st target is $32.50. 2nd Target is $31.25. I highly doubt we will see 3rd target of $30 until POST dividends. But keep that number in mind that it's a very good buying level (if we ever see it.) 


Lastly, I like to highlight that I am not recommending you to speculate SG bank stocks. I just want to recommend "good buying levels" for "long term investors" to load up. I know there are people who likes to "trade" SG bank stocks especially trying to buy before dividends, den either sell it early or wait till they collected dividends to sell it at a profit (hopefully). And if the price falls below their buying level, then they will keep and wait to sell it later or keep till next dividends. Are you one of them?? Is it very fun? LOL


For me, I prefer to trade US stocks, especially selling options premium and let time do it's magic. But of course you have to understand the RISK first. SG bank stocks are "safe haven" where I just want to buy and keep till the last day of my life! Keep collecting dividends until after retirement, it will still be a very nice passive income for "doing nothing". Good luck and good weekend!!




Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • delusion梦碎
    2023-03-11
    delusion梦碎
    Although you are right, I am neither a short-term investor nor an ultra-long-term investor. Do you have any good suggestions.
    • Jon1997: 
      Cs
    • delusion梦碎ReplyLast one standing: 
      Well, thank you very much.I look forward to your sharing.
    • Last one standing: 
      I suggest you figure out your financial goals first. Are you investing to achieve financial freedom, save up for a downpayment, or just to get some cheap thrill? At different age we will think differently. Risk appetite will change too. Once you figure that out, you will know what you need. 😉
  • JC888
    2023-03-11
    JC888
    Everyone has their own belief system when it comes to investing no?
    • JC888ReplyLast one standing: 
      Investing like life is all about finding out what works for you yourself.
      No matter how much we read about it, really thi knit boils dwn to what u make of it... Happy u found yr style..
    • Last one standing: 
      Yes, there’s no 1 size fits all investing strategy. Actually I was doing exactly what I had mentioned. Now I looked back, I wished someone had told me to invest a fixed % of my salary regularly, take the dividends, reinvest and let it compound. I am sure my future self will thank me for that.
  • Snoopymint
    2023-03-12
    Snoopymint
    Good share. Thanks. Are you buying at $32.50? I’m evil. Looking at $29.50
    • Last one standing: 
      Yes. Buying 1/3 at $32.50 and good luck with $29.50! Anything is possible depends on how badly this SVB contagion will spread. 🤞🏻
  • Aussome
    2023-03-11
    Aussome
    SG stocks seek stability more than anything
    • Last one standing: 
      SG banks are the pillars of SG economy. If SG banks fail, you can forget about your CPF money too. 🤞🏻
  • Flochin
    2023-03-13
    Flochin
    Thanks for your sharing. I have the same strategy. I accumulated Singapore bank shares since 20+ years ago. Some DBS shares @$18. Just collect dividends. Meanwhile do some US options trading!
  • Toby_Chua
    2023-03-13
    Toby_Chua
    svb fiasco would drag all other banks so $30 entry possible coming week
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