Here’s the reasoning:
Arguments against closing above S$55
• Current analyst consensus for DBS is clustered around ~S$52–S$54 for the 12-month horizon. For example: the average target is ~S$52.98.
• In fact, one research house has flagged that the share is “trading close to fair value (S$54)” and has downgraded DBS from Buy to Hold.
• So, S$55 is above many of the targets (and the implied upside is modest) — hitting above S$55 in a single week would require a catalyst (very strong macro surprise, excellent earnings preview, etc).
• From a risk-perspective: banks are sensitive to interest‐rate outlooks, credit cost surprises, macro weakness — any negative surprise could ease off momentum.
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- zippy1·11-03Thanks for sharing your insights! It’s crucial to consider analyst targets before making a move.LikeReport