Despite two admittedly high-profile system downtime incidents in the past year, DBS remains the undisputed leading bank in Singapore with the largest market capitalisation of SGD 82.5 billion. In May, it reported a record quarterly net profit of SGD 2.57billion, up 43% compared to the previous year. DBS is not resting on its laurels. It has set sights on further expansion in China and India.
aoimizu : DBS a bit too ex already.. have been thinking about SIA but they've climbed quite a bit. Any thoughts?
Dadacai OP aoimizu : Whether a stock is expensive is relative to how much room one thinks it has to grow. Personally I feel DBS can still grow. It is a long term counter for me. As for SIA, I feel the price movement is more voltatile so you may need to rely more on technical analysis to find a suitable price to enter. Also, while tourism is recovering quickly, there is going to be more competition from other airlines as they add capacity. This is not financial advice :)
Mr Pistachio : if your average price is in the teens then it's always going to be a dividend ATM.Cannot sell.
aoimizu Mr Pistachio :
aoimizu : yah the dividend