NOT BUYING DBS SHARES IN 2024? I got roasted with some harsh comments...
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
- If you missed the previous episode I'm still NOT BUYING DBS shares yet... here's why... | Singapore Stocks To Buy 2024 : • I'm still NOT BUYING D...
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Yes Mr market has voted that in this period I'm wrong and I've missed out on a 20% run up. It is not easy putting opinions out there, some of which will be right and some will be wrong.
Today in this video, I'd highlight that the research that I've done before concluding on my analysis already factored in what some of the points highlighted in comments
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0:00 Introduction
0:44 Harsh comment one
1:17 Harsh comment two
3:10 Can Singapore bank shares decline
5:25 Updates 1Q2024
7:30 Missed boats
8:51 Wisdom from Howard Marks
#dbs #shareinvesting #investing #stocks
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
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About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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Update: DBS Piyush Gupta sells 20,000 DBS shares in 7may24
If you missed the previous episode I'm still NOT BUYING DBS shares yet... here's why... | Singapore Stocks To Buy 2024 : th-cam.com/video/utu1k9X_z3s/w-d-xo.htmlsi=t9qEnaCxaafxPQW4
To see updates and polls, join my TELEGRAM "Josh Tan Investment Official Group" here
I've added a P/B latest chart ► joshtan.link/telegram
Reminder, keep the discussions friendly. Objective view points whether they are in our direction or not will help us think clearer. Much appreciated 🙏
as DBS climbs, you will get it right one day. My take is if you want to buy later, what the price level drop you are looking. And see it makes sense for everyone. If is just minor correction, that amount maybe too small compared to the bonus shares missed, high dividend and the latest results.
DBS reported very strong growth in the Q1 2024 quarter. Especially wealth management fees grew 45% year on year. This is primarily due to the geo political tension. This tension bodes well for Singapore banks. My view is the wealth management growth will more than offset the potential drop in NIM. In addition, the US interest rates are expected to stay higher for longer. Hence the NIM compression might not be as big a factor in the coming quarters. Currently, DBS stock price is at historical high.
However, even at current stock price, the projected dividend yield is still at 6%, which is great for a company like DBS. Personally, I have already built up a large position of DBS as part of my retirement income portfolio and I'm happy to add more even at current price as more funds become available.
Hi.. saw your response… Just want to say something here…
No need to be bothered with people who have not grow up yet…
I believe your channel is for people who can be adult and can behave like one… who can take responsibility for own action instead of pushing blame to others for their loss!
I just want to assure you that what you have been doing is valuable. I watch your content not because I wanted to have an easy way out of getting stock tips. I valued your content because you have put across a systematic chain of thoughts as to why or how you derive a decision which you will take action. Your chain of thoughts gives insights which offers many times perspective I have not considered. And other times ideas for me to find out deeper. This is value and character!!
I think u just have to ignore children who do not know how to behave so as not to feed/ fuel that tantrum they throw so they get rewarded from seeing your response.
You are doing a great job so far… keep it coming… we need people who can explain and articulate their chain of thoughts not people who can say I am right.. and after your articulation, how I take it from there forward is my responsibility.. not yours to bear!! Cheers!
BIg thank you, I appreciate it 🙏
Well said and I fully agreed!
On 22nd apr ,9am XD of bonus share , i dare not buy at $32.90 . Hoping to buy cheaper later on , but it chiong all the way above $34 ! Lucky i bought at $31.03 & $32.48 earlier already . So i just collect dividends n bonus share first . Share price wil pull back . Only is when n at what price . Hopefully i can buy some if drop to $32 in the future . This mth, i focus on SSB n T-bills only .😊
Thanks Josh for the sharing, advice and perspectives. Appreciate it very much. You have been fair and objective, have done good job!
Do not be too affected by comments, be in control!
I am invested in DBS for more than a decade, and am still buying it annually using my annual SRS contribution n divident received. I typically buy in at a higher cost every year but I am still happily buying more! Investing in DBS via SRS isba journey!
Thank you. I intend to keep it objective and bring good and bad sides to always spur critical thinking in viewers
Hi Josh, I don’t agree with u all the time but u do provide relevant information for me. I ve learned from yr posting. Thanks.
If we agree all the time, its group think. No good for any of us =)
Happy to see you around Ronald
Appreciate your sharing always, I take your sharing as guidance/ reference points. Please don't get affected. We as investors need to make our own decisions. Those who don't like it, don't watch.
Thank you ailing for the support!
DBS broke 2 years consolidation in March, and technically is very bullish after retracing back to consolidation range and bounced back off higher in early April. I missed that retracement to add, but definitely also won't add now. Fundamentally, it's overvalued, and there's possible some profit taking happening right now, so waiting for it to correct more before considering adding.
Much Thanks Josh for points highlighted about recent dbs earnings.
Good objective view.
buffet is out to meet shareholders this weekend.
Remembered he says, we are better be greedy when others are fearful. N be fearful when others are greedy.
Thank you for the support Kelvin, I appreciate it 🙏
Buffett just cut some Apple stock. Coincidentally he also admitted to regrets prematurely selling some Apple previously. This time round seems like he is really starting to look elsewhere
Agree. I am not in the hurry… we are still alive why rush for the markets up
From ST opinion 7/5/2024
By Ravi Velloor
In 2015, DBS was 46th for return on equity (ROE) - 11.2 per cent - among the world's Top 100 banks.
At the end of 2023, it had jumped to No. 7 on this measure, with an ROE of 18 per cent. This outperformance was NOT on account of NIM, or net interest margin, BUT structural improvements and a soaring deposit franchise led by digital capabilities. High-return businesses such as wealth management and global transaction services also contributed.
Maybe you are right. I don't care how much does it cost now? Coz I sold all shares at mid of March and held cash till beginning of May meaning I don't have any transaction in 1 and half months, so I missed out of cash dividends and bonus shares as well as coming cash dividends, but I have taken the profit by mid of Mar already. By beginning of May, I started to trade US market as some good stock with attractive price and got profit already.
To be honest, nobody know how share price goes… even when AK to buy, ppl will wait to below 30… ended never buy also
Somehow quite a number of people don’t realise that it’s possible to be both bearish and bullish on a stock at the same time. For example, bearish short term on a stock that’s on a long term secular growth trend. And it’s tough to make short term guesses on a counter due to the myriad of macro possibilities. But what’s controllable is from a bottom up approach: buy when valuations are favourable and trim when things are frothy and sentiments are rich. Investment is all about weighing the risk versus rewards. Heads we win, tails we don’t lose much (or better still, win less).
Well said
Yes, yes! I saw a few comments in other people's videos that you were being blamed for causing them to miss the boat for DBS which not only appreciated quite a bit but also giving out attractive dividends plus a share split wor! Those who watched AK's video saw that he again bought some more when DBS was $31.80 gained confidence and also bought. Huat liao le lor!😂😂
They were mostly gloating and being unnecessarily personal. Mr market will humble each of us at different times
A minor correction, a share split is when the ENTIRE shares of the company are split into two each. Take for example , if a company has 2 billion shares in the market, after the stock split, there would be 4 billion shares in the market. In the case of DBS, its more like scrip dividends where DBS pays the extra bonus to shareholders in the form of 1-for-10 bonus issue.
Banks are cyclical. Just look at their share prices weekly candles and monthly candles over the last decade or two. Local banks are on a long term secular uptrend but there are indeed cycles with them. I’m a big holder of DBS shares and I am waiting for the correction patiently to open my war chest.
@@joshconsultancy Your videos are for education purpose and not investment advice. These people should have be matured enough to discern and make their own judgements - don't bother about them.
@@taylt9497Fully agree a good investor must acts like CEO of your money. Keep profitable stocks, sell the looser. Those who take profits at this point of time are speculators who sold winners and keep the losers!!!
Speculation is not investment.
Speculation is zero sum games and many stocks are trading at high multiple with hardly any dividends.
Investment is more of dividend plus profit. It’s about compounding.
We’re paid to hold onto stocks. It’s a win, win situation.
Agree don’t speculate and avoid overtrading
Banks share is negatively correlated with Reits. If you have Reits in your investment portfolio, it is good to accumulate Banks share in your investment portfolio. Overall , it helps to reduce your investment portfolio volatility
In this period of abrupt rate hike it appears so but not in other periods 👌
Regardless, it's rare to see Singapore stocks (especially blue chip) double in value...
Hi Josh, to each his own. Bank stocks are not everyone's cup of tea.
I will buy one day. Will share when I do so too
@@joshconsultancy Not if I beat you to it!
What kind of tea is your personal preference ? Anyway I am heavy tea drinker as far as DBS shares is concerned. I start drinking this more than 30 years already.
Congratulations! You have critics now, this can only mean that you have made it. Nice! 🍾
Market is complex and information on the internet is open but...DYODD and make your own decision!
I am still monitoring when to buy DBS and thankful to Josh who has been sharing his views.
Thank you for the support 🙏
I recalled when netflix dropped to $200 there are many TH-camrs came out and hammering on it. I guess investors should just trust their own judgement, do their own research and take responsibility.
Mr Josh, you are perfectly right on DBS stuff. Don't bother on those negative comments. They can always feel free to buy DBS, if they want, u did not stop them. Pls continue your good analysis topics. Keep it up👍 Hope to have kopi session w you 1 day to know u in person 😊 ha
Thank you for the support, I appreciate it.
Year end Josh Tan Finance Summit 2024, thats where I've hosted 100 people last year, join in then 👍
I asked you before about DBS share with bouns issue, Whether can I buy or not?? and you said you dont have a crystal ball. But I have it, luckily I bought it . I sold the bouns at $35.48. I Pocket fifty thousand dollars for just dividend and bouns share.
happy for you =)
Look at the price chart of DBS. It has clearly gone parabolic and way out of it's long term price channel. Good luck to those who are jumping in now if you ask me.
BBB if drop 34 below
Personally, I always like to stay invested and buy bank shares every 2-3 months. Just bought 3000 DBS shares at $33 at the end of April. I still have some more money in my chest to buy more UOB and OCBC should their prices drop later this month.
Disclaimer: I am a relatively high income earner (take home $50k per month), and I am only 37 year old this year (got many more years before retirement).
No probs, good to have a plan
Just wanted to say Jia you, Josh, we support you
Appreciate it 🙏
Me too. I am not buying DBS shares yet.
Ya why rush to go in ya
During COVID-19, DBS was only quoted for $18. I had bought around 2000 shares I had been accumulating for more than 30 years . Maybe you can wait another 30 years
@@user-iu8sp2xy4tthink they have budget constraint 😅… to fork out $35000+ for just a lot.. 😮 anyway I like dbs and ocbc 🎉🎉🎉
OCBC privatising GE. Good results today as well. Value wise? 🎉🎉🎉 anyway Josh bro, just ignore all negative comments. We should take own responsibility to buy or sell anything 🤣
Thank you for the support 🙏
Anyone keen on GE do upvote, I’ve been concerns it’s not a high search topic hence didn’t cover
I watch your channel. Because it is a chance for me to learn someone ELSE’s (your) opinion. You are completely entitled to your opinion, that’s what makes it unique. Then I will compare your opinion to others opinion and form my own. Don’t stop giving your own opinion, making your own opinion makes this Your channel. You have been very responsible so far. Don’t go too neutral.
Thank you as always🎉
Thank you for the encouragement to stick the course, I appreciate it 🙏
Don’t bother these group of people. They will always complaining blaming others.
DBS PROFITS:
2020 to 2023
* 2020 = $4.72 billions
* 2021 = $6.81 billions
* 2022 = $8.19 billions
* 2023 = $10.06 billions
- DBS Profit from 2020 to 2023. Increased by 113%
- 1Q profit increased to $2.96b, increased by 15%. QoQ increased by 26%.
Dividend over the past few years, quarterly from 33c to 54c plus bonus dividends in 2022 of 50c and recent bonus share of 1 for 10.
Price is what you pay value is what you get.
No probs. Some of the profit growth is backed by NIM expansion as explained in previous video
@@joshconsultancy
From ST opinion 7/5/2024
By Ravi Velloor
In 2015, DBS was 46th for return on equity (ROE) - 11.2 per cent - among the world's Top 100 banks.
At the end of 2023, it had jumped to No. 7 on this measure, with an ROE of 18 per cent. This outperformance was NOT on account of NIM, or net interest margin, BUT structural improvements and a soaring deposit franchise led by digital capabilities. High-return businesses such as wealth management and global transaction services also contributed.
Nobody has a crystal ball even Warren Buffet missed alot of opportunities as he once said
Don't get triggered.
Some people don't understand the market is big enough for different strategies and different characters. If you're good, money will be made period.
Not everyone can make money since its willing buyer willing seller.
As for the current price likely more downside risk as compared to upside opportunity.
CNA is starting to prepare Singaporeans on how to handle retrenchment.
Thank you for the support
Go go go JT ! I like this video. 😊
It's OK. JT still dang rich
Oh sorry thought was Justin Timberlake
you didn't bother making at least a funny joke
I knew something was up when there was a dividend video and you were promoting genting...
For "best dividend category"
I would purchase DBS(banks/reits) > genting anyday.
But to each his own
Buy not just good business but buy it well which means not overpaying. Genting is at a cheap valuation now.
@@joshconsultancy I would rather buy a wonderful company at a fair price than a average company at a cheap price
Josh not a hate comment but you got to admit you made many wrong calls especially on saying Big Tech stocks are overvalued where you referenced to the Dot Com in one of your videos in 2022 where Tech stocks were oversold... instead you took action to DCA into China... thankfully I listened to Adam Khoo to average in on these fundamentally good stocks and I am up 60% since..
Not a hate comment thank you. Of course, many wrong views made... but actually its fine
Key is to put money where you believe the most and be humble to know wrongs are not defining of the journey.
Depends on how we define wrong also in time frame
And to who to listen to. It is key to not get too swayed by anyone. Buffett retracted airline investments and TSMC also.
Many worshipped Cathie Woods just 2years back perhaps too exceedingly
@@joshconsultancy cool Josh - although fret not.. I think China is in for an overdue long term rally so you may be right on your China call eventually..
How about those who missed the run up of Top glove or medtec during the pandemic? Are they losing out? No, actually I think they are actually clever investors and not gamblers. Investing is a lonely job, when one earns, is his profits, when one loses, is his loses only, no one to blame. No need to care about those stupid remarks from others.
Investing is indeed a lonely journey. Will try my best to ignore those remarks.
Thank you for the support whis 🙏
Of course they can blame you, if they have paid for your services. If you are taking free advice, then you can only do your own due diligence. Lazy people will forever stay poor.
DBS is on bull run to 40 actually
No prob. With making a call, there will be regrets. part of the investors journey
@@joshconsultancy it is ok , you make the right content which is most important .