DBS
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Buy DBS before too late!
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Think it's going to go sideway first before rising.
Judging from the three previous dividends, it will be another 14 cents for this coming February 5/2010. It is still better than putting money with the bank. Looking forward to collecting this meager windfall and hope to see some improvement in April.
Direction is up on Stoc and down on MACD, if the 9 Day EMA is not going down then the stock is expected to rise. Bolly seems to be narrowing. Morning Note say profit drop expected, so HOLD was the verdict by the Phil. Tom's view is in the next few weeks all the mid and small caps are going to drift down and safe heaven is who??? No prize for guessing...hehe
Short term - sideways drifting down
Long term - Huating up
DBS has been slacking.......very potent counter.
no hurry..buy on weakness..
1/2 a billion potentially bad investment in the middle east, isn't it good enough reason to drag down DBS share?
People tend to see the bad news more than the good news .
Take a good example at the JP morgon who posted their finance report last Friday . Thou they are earning 4 fold of profit far more than their expectation , inverter prefer to look at the amount of bad debt they had.
middle east is a drag
Uptrend still intact..
DBS upbeat about expansion prospects in Vietnam: chairman
SINGAPORE: Local banking giant DBS said it's upbeat about its
expansion prospects in Vietnam. Chairman Koh Boon Hwee said the lender
is looking to grow its franchise organically in that market.
He was speaking on the sidelines of the annual DBS Private Banking and Institutional luncheon on Wednesday.
The emerging Vietnam market is presenting huge opportunities and DBS believes that its growth prospects there are promising.
The bank has already got a head start, having just received regulatory approvals to operate a branch in Ho Chi Minh City.
Mr Koh said: "We are going to focus on how we can get that up and
running, and how we can grow our current businesses and establish
banking relationship with our existing customers. So it's all going to
be organic at least for the first year or so."
He added that the Vietnam branch will focus on providing financial
support to Singapore and Asia-based companies with business interests
in the country.
Figures from the Vietnam Investment Review showed that as of November
2009, Singapore companies have invested some US$17 billion in over 760
projects in Vietnam.
DBS plans to tap on its existing relationship with some of those
companies by offering credit facilities, trade finance, cash management
and treasury advisory through its Vietnam branch.
Mr Koh added: "We have a lot of Singapore companies that are currently
doing business in Vietnam, that up until this juncture that we are
unable to bank. I think once we have our operations going in the second
half of the year, I think it's going to be a promising market for us."
DBS also wants to cater to affluent individuals and small- and medium-sized businesses in Vietnam.
When asked if DBS would consider buying an equity stake in a
Vietnamese bank, Mr Koh said DBS is always open to it, "but our deal is
that it must lead on to something else. The reason is because a small
percentage of a bank does not make it DBS."
DBS said it is also well-capitalised to pursue its expansion plans.
When asked for his early assessment on the bank's new CEO, Piyush
Gupta, Mr Koh said he is a good fit and is working out very well for
the bank.
