DBS: Where is it going? My take and why.

DBS

Based on current analysis of chart from DBS, my estimate for this stock will likely hit above $37 or higher at 40 level in 1 year time. Well for investing in the long term, the sky is the limit.

‌For mid to long term investors with holding power, current entry price around 35 is attractive. See chart. In my personal view, I expect the stock hitting $37 or higher 40 in the 1 year time frame assuming no sudden external or internal shocks yet released into the market. 

‌Ordinary dividend and special dividend bring total dividend to 92 cents or full year payout to $2 per share is attractive for long term investors looking for consistent dividend yield compared to bank deposit rate as shared in my opening paragraph.

‌In my personal opinion, investing in stocks or risk asset(non-guarantee) in my lingo is more for capital appreciation while dividend is a bonus which DBS has been a mix of both which is good news for the prospective long term investors.

For momentum traders, current entry price around 34-35 price level presents a good entry opportunity which also is resting on the trendline. See chart.

‌Other factors include the market expectations for interest rate to remain high for 2023-2024 will also see higher margins and possibly more positive earnings revision in the coming quarters for DBS to move past the resistance level at 36 which once broken should see more interest from market participants deploying break out strategies which will also cause more fund in flows thus creating a potential continuation of uptrend.

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