Link: Fair Price DBS = $70
According to my analysis in September 2024, the sum of the next few years earnings and dividends remain intact, hence the fair price $70

$DBS Group Holdings (D05.SG)$
see cost of negative $3 in 2014

$DBS Group Holdings (D05.SG)$
DBS n=10 years dividend adjusted price history (backwards adjusted), shows, 900% growth. Let annual compound rate be g, (1+g)^n=900%, Solving above we have g = exp(ln9/n)-1 = exp(1/10*ln9)-1 =24.5%.

$DBS Group Holdings (D05.SG)$
\sigma_{year=2025}^2045 CashFlowFromOperation(year) = (1+Gain) * $38.5*NumberOfShares, where Gain>=1 based on annual earning compound growth of 10%. Still long way to go.
Suppose annual growth rate at g, Gain = (1+g)^N -1

$DBS Group Holdings (D05.SG)$
the intrinsic values of both DBS and STI are significantly higher than the market prices, bases on GDP growth and company revenue growths. The total cash DBS to generate in next 20 years is 2 times of current market capitalization. i will buy more and hold DBS indefinitely unless the company cant deliver growth.

$DBS Group Holdings (D05.SG)$
$Tesla Inc (TSLA.CA)$
Here “swiming suits” refers to company earning growth.
DBS will pay You dividends $43/share in next 20 years, let alone the earning growth.
Tsla paints a “beautiful” promise, but next 10 yesrs car earning will be paid to CEO’s pocket to motivate him to work. Earning growth from robotaxi will be delayed and delayed …