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Thursday, March 22, 2018

DBS

DBS - DBS Group Holdings Ltd provides various commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment provides financial services and products, such as short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. This segment serves institutional clients comprising bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium-sized businesses. The Treasury Markets segment is involved in structuring, market-making, and trading across a range of treasury products. The Others segment offers Islamic banking services. The company operates approximately 280 branches across 18 markets. DBS Group Holdings Ltd was incorporated in 1968 and is headquartered in Singapore.

Total Revenue - is growing at a CAGR of about 5.97% for past 4 years from 2013 ( 8377m) to 10377m in 2017.

Net Income has risen from $3672m to $4371m . It is growing at a CAGR of 4.8%. 

Net Income margin is super good growing at super high double digits of 42.12%..

Return of Assets & Return of Equity has been hovering at high single digit of above 9%.

The dividend paying out has seen a vast improvement from 58 cents to 93 cents. A whopping increase of almost 60%.  




With interest rate hikes likely to go higher. Bank counter may benefit and boost their total revenue and total Net income level.

US has just increased the rate hike of 0.25% on Mar 2018. It is estimated that total about 3 hikes may happen in 2018.

With interest rate is gearing towards moving up higher, bank revenue may be further strengthen.
I think any weakness in price might be an opportunity to take  look at these bank counter.dyodd.

US has just imposed a import tariff of 60 Billion (

slaps China with tariffs on up to $60 billion in imports)

. for more details you may refer to below link:
(https://www.cnbc.com/2018/03/22/trump-moves-to-slap-china-with-50-billion-in-tariffs-over-intellectual-property-theft.html)

NAV of $17.804
Rolling EPS of 1.664
Dividend yield of 3.237%
Price / NAV is 1,61 times

So it is a good price to consider this counter which is trading at 1.61 times book value.
For a bullish market condition, it looks like it is trading at the premium / historical peak price.
i think value investor may be looking to consider adding if it is training near or below its NAV or book value of $17.804.
Not a call to sell or buy. dyodd.


From TA point of view, it is rather bearish with the Gap down being reflected on the chart today .
Volume is quite high too which is indicating Bear could be in control of this situation. It might take the next few trading days to re-assess the situation.

With this Gap down , it has broken down the lower bollinger bands and likely to see further weakness. If it is able to rise back to re-capture the immediate support at $28.00 that is becoming the current resistance level.  Failing which, we may see it slide further down towards $26.00 with extension to $25.00

I think durians is dropping! is it a good time to zoom in ! 
I would rather wait for next few days for things to settle down before making further decision/action. dyodd

( Trade/Invest base on your own decision)



4 comments:

  1. excellent analysis bro. agree with u on all points made

    ReplyDelete
  2. also, is there a way for me to pm u please?

    ReplyDelete
  3. Ok. What is it that you want to pm me?

    ReplyDelete
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