$DBS (D05.SG)$ why drop so much..anyone know

Captain moo : Yoooo mooer, Great to see you here in moomoo community! You are making an awesome progress with your first post. Have fun on your journey in making more friends here!

JLMbless : my guess is market is fearful of correction  and the uncertainty of the covid situation worldwide. As for Singapore case,  cases are increasing day by day , no one knows where the peak will be .  I believe a big majority or most are not optimistic the cases will drop as claim by the gov and the way they are handling .

JLMbless : Generally market as a whole is weak.  what is ahead is uncertain , most likely slow or weaker growth given the covid situation. Evergrade also has a contagion effect especially more towards the financial sector.

vampiremickey OP : I think dbs is at quite low. maybe can buy abit. if dropped further. buy again to average out. I think next financial report for dbs should be a  continuous growth. due to their borrowing n loan profit