$DBS Group Holdings (D05.SG)$ why sudden drop?
$DBS Group Holdings (D05.SG)$ why sudden drop?
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Money come 88 : sell on news![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ronnie 3434 : Coming down below $32
Ronnie 3434 : Dividend Long way to go April ! Price will drop further
101644863 OP : I see ok wait for below 32
102356143 : The other view is before bonus announcement, price was 32.45 closing for the day. So with the bonus announced, the price should adjust up by 10% to about 36 sgd? This will also bring the divdend yield more in line with its usual level below 5% around 4.5% or so. So this is one scenario.. also because sgp bank stocks are dividend play so ppl will bid up the price until it settles the dividend yield to below 5% ???
102356143 Ronnie 3434 : It already dropped from ATH of 34.10, so current price could bonus adjusted price cos it went all the way down to 29 at one point.