DBS    Last:42.49    +0.41

DBS takes another hit as analysts lower targets

u say jan 20th rights issue  expire??

I thought the deadline to apply for the dbs's rights shares oredi expired some time back?

goondoo      ( Date: 16-Jan-2009 22:14) Posted: DBS is now artificially supported by the rights issue as the underwriters need to support the stock price to ensure all the rights will be subsribed. Come 20 Jan 09 when the rights issue expire, the support is gone, and DBS may free fall if the results and outlook of the bank is disastrous. And seriously, if the situation is not extremely bad, why such a big issue of rights at such a low price, it seems a very desperate move by a very desperate company. Since the rights do not increase profit and earnings, the rights effectively decrease EPS and DPS by 33% immediately cos the share float increased by 50%.

 

DBS is now artificially supported by the rights issue as the underwriters need to support the stock price to ensure all the rights will be subsribed.

Come 20 Jan 09 when the rights issue expire, the support is gone, and DBS may free fall if the results and outlook of the bank is disastrous.

And seriously, if the situation is not extremely bad, why such a big issue of rights at such a low price, it seems a very desperate move by a very desperate company. Since the rights do not increase profit and earnings, the rights effectively decrease EPS and DPS by 33% immediately cos the share float increased by 50%.

 

Any price target for dbs by this thurs budget day?

I saw 1 brokerage calling for buy on dbs for a likely run-up for budget day/cny too.

Btw, any impact on the latest MAS announcement on the minibonds compensation on DBS? Or oredi priced in this past few weeks?

ozone2002      ( Date: 16-Jan-2009 17:09) Posted: close 8.48!!!..free ang pao for CNY ozone2002      ( Date: 16-Jan-2009 13:02) Posted: buy for the run up to S'pore budget announcement next week!!!

 

close 8.48!!!..free ang pao for CNY

ozone2002      ( Date: 16-Jan-2009 13:02) Posted: buy for the run up to S'pore budget announcement next week!!!

 

err...i thk shld be able to close ard 8.50 today ! :D

shining      ( Date: 16-Jan-2009 15:08) Posted: Hi all   What is the target price today?

 

Don't worry, just buy.  Can still make good gains.

 

Hi all

 

What is the target price today?

 

 

My favourite contra-profit generator.  Buy when share price is attractive sell when contra-profit is good. Make few rounds this week.  Just came out and going in soon.

 

8.51 !!! WOW !!

 

buy for the run up to S'pore budget announcement next week!!!

 

8.39 now !!

 

China Banks Up sharply today !  Singapore Banks to follow !!!

 

8.36 !!   WAH !!

 

...cut the speculation ! As "Senate vote fails, Obama gets $350B" so i think some action today for this burger....UP or DOWN i dont know ! just SHORT and CONTRA along the way loh ! :D


 

 

hi everyone.. very new to stock trading. Was offered 1000 units of the DBS right @ 5.42 n was just wondering after paying for the rights... when can i actually sell it back to the market as the "mother" price?

 

Most people on d street alrdy dun look good on banking sectors. However, short trading may give u some kopi $ loh. Cheers.

 

Wah this burger short win big big ah everyday UP DOWN so much...

 

why DBS cheong today? must be wayang wayang for "mother-n-sister" reunion show for the rights... after 20th... the real show begin...

short short short... hehe :)

 

This DBS burger give twice chances for us to make ANGBAO $$ liao....hope u guys dun missed it ? :P SHORT or LONG both parties can make ANGBAO $$ ! :)

 

Yoh, all bank counters rebounded. Hoe shei for some forumers, can enjoy " fat CNY" liao. Congrates.