102.96BMarket Cap9.01P/E (TTM)
36.670High36.200Low5.97MVolume36.650Open36.690Pre Close217.00MTurnover38.55052wk High0.30%Turnover Ratio2.84BShares27.20552wk Low4.018EPS TTM72.99BFloat Cap38.550Historical High10.29P/E (Static)2.02BShs Float-14.804Historical Low3.518EPS LYR1.28%Amplitude1.75Dividend TTM1.62P/B100Lot Size4.82%Div YieldTTM
102342937 : Most big money will be flowing into reit soon
Those who had bought DBS from price 36 onwards are selling in panic mode after seeing prices keep coming down
At the price of 36.20, it is actually around 39.70 after taking into bonus shares issued months earlier and I feel abit too high.
So better sell sell sell !!! 34.50 to 35 is a reasonable price which is around 37.50 to 38.50 level price before issuance of bonus
Ah KwangOP : Thank you for your take on this. overall in my view it is in a long term perspective of the business. the breakthrough from the 36 resistance was mainly due to Institutional buying during the Jun rally accompanied with the FOMO. we are now looking at a global pullback which doesn't really affect this business as a whole with the exception of the incoming rate cuts, and it will not be more than 50 basis points due to the FED not taking the risk of inflation coming back like in 1981.