$DBS Group Holdings (D05.SG)$ time to load? seems unusual to...
$DBS Group Holdings (D05.SG)$ time to load? seems unusual to drop before announcements…
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CY90 : maybe result bad
Ah Kwang : it's probably due to the lackluster of rival bank UOB's results. in the short term there is a downside which is good for loading up for the long term.
102163118 Ah Kwang : The ironic thing is UOB shares going up despite lackluster results. Dunno why DBS laosai until like that.
102215488 Ah Kwang : Feds signalling rate cut in Sep
Ah Kwang 102215488 : yes, rate cut is definitely imminent. Just recently HSBC showed that they're moving away from interest reliant business and going more towards Private/wealth side fo things in order to offset the effect of the coming lower interest rate environment. DBS likely has such plans ahead. then again we'll have to see what they have to say at their Q2.
Ah Kwang 102163118 : over bought. sudden inflow by institutional + FOMO. still a good business to own on a long run. now coming down to the correct levels.