I Think DBS Shares Will Be Cheap Enough To BUY SOON... Record Profits for 2024! Dividend Investing

[@joshconsultancy]

🌟 Specially written by JOSH TAN! 🌟 Covers SG stock dividend investing and investing mistakes to avoid 28 Days to Financial Freedom ►‌ payhip.com/b/UqpKL ►‌ Follow Josh Tan on Linkedin to read articles and connect professionally lnkd.in/gkfid5nG To see updates and polls, join my TELEGRAM "Josh Tan Investment Official Group" here ►‌ joshtan.link/telegram ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY! ►‌ www.theastuteparent.com/josh-tan

[@kevinho4504]

I just keep adding at every retracement or correction and keep compounding the dividends , now my DBS portfolio is the highest in value as well as in the number of shares. I look forward to increase in dividend to above 60c in future and by then , life to me I making location choices to stay for a period of 1 to 3 months each time ❤

[@szechunwu495]

Josh, why DBC has a big up jump yesterday? Is it over the value now? I need to sell it out or keep it? I bought it at $39. many thanks!

[@sundark6503]

Good content Josh . Well done

[@joshconsultancy]

Thank you. Always happy to hear supporting comments. I try to give a balanced view

[@Mike-e1n]

Great advice Josh - don’t rush to get it

[@joshconsultancy]

Yes. When dont rush to buy, wont rush to sell when bad news too. Like a fisherman fishing, most want to pull the line all the time. Patience is hard to practice.

[@wgsmaster]

Dbs today give about 6%. about same as the blue chip reits aka Ascendas, CICT. DBS pays out 1/2 while reits pay out 90%. So the choice is very clear. The only problem we have with DBS is it is forever expensive.

[@joshconsultancy]

Not forever expensive. Pov noted Using an extreme divergence for illustration Measuring 26oct18 to 30 Oct 20, DBS had a -12% period Using Mapletree industrial trust (MINT) as the reit, it has a +63% in this same 2y period and at ATH. Yes +63% Unbelievable... So the question becomes why? Reason - banks could be facing defaults from covid and had to make provisions. Dividends were paused also. But data centres were the assets to own in a lock down world and bidded up Again, an extreme divergence for illustration. The hard part then would be to buy DBS instead of MINT who had the outperformance. Hope it is an interesting fun fact =)

[@khoongtuckwai3760]

Hi! Now DBS is sbout $42.7. can it go up to $52? Thanks.

[@joshconsultancy]

You'd have to make that call =) Its been exceeding my expectations

[@sonnypierce9783]

Thank you Josh for the good and informative video on DBS Shares. Could you do the same for OCBC shares for our information?

[@joshconsultancy]

Yes. Subs and stay tuned 👍

[@belle1279]

how to tell if recession has occured or not? or is it a gradual slide?

[@coclim5712]

Market ahead by 6 months on average….by the time recession confirmed, market have already bottomed and on its way up…😂 …”have news to read…”

[@chrischew1410]

Hi Josh, where can I go to find out the valuation chart u showed where I can see the 10 yr average of the stock price, the +1 std dev and -1 std dev over that period? Many thanks

[@joshconsultancy]

The tool from Tiger brokers - JOSH TAN SPECIAL LINK HERE : Deposit & trade to win prizes worth USD 888* + USD 30 Tesla fractional shares! ►‌ joshtan.link/tiger

[@JustJamesDean]

Please have a look at the PE chart, far better indicator

[@joshconsultancy]

For banks when you read into analyst reports, it is the common measurement matrix As per Basel regulations, banks are required to maintain core capital adequacy as a percentage of their asset books. Hence the P/BV also becomes a proxy for the effective yields on their asset books. Specifically, when it comes to banks and other financials, the P/BV is a very good approximation of comparative metrics.

[@JustJamesDean]

@@joshconsultancy fair enough. I am more earnings driven

[@TLK281]

DBS is at all times high despite of bonus issue.

[@edwinwee267]

You could also also consider several global banks outside of Singapore with as big or bigger balance sheets comparative to DBS at bargain prices. To avoid tax a similar market space will be HK. Don't cloud your investment outlook on banking & finance stocks to only Singapore as opportunity do not always come in waves.

[@joshconsultancy]

HK Banks the risk is in china property exposure? Our local banks the books are safer imo

[@ngricky3085]

Jos your calculation of NIM for DBS seems so perfect. You did not factor in lower interest higher business volume. What do you understand by price is what you paid value is what you get? Is DBS at $33 dividend yield 6.5%, trading at 8.5xPE already good value?

[@joshconsultancy]

The estimate was from ceo. For every basis point 4m difference.

[@ngricky3085]

As investors we must take note of DBS track records: DBS Profit 2020 to 2023 from $4.72 billions to $10.06 billions increased by 113%. Dividend quarterly increased from 33 cents to 54 cents. DBS excellent record speak for itself in spite Covid-19 pandemic where many businesses were at a standstill. Remember interest rates only started to increase in late 2022. DBS is truly perpetual dividend raiser. If you’re too cautious you may miss the boat again!

[@lumvincent7431]

My wife n i sold some at 38.05 last mth . We buy some at $33.77 on 5th aug . If buy on 6th ,will be cheaper. One yr hi :38.55 ! As long quarterly DPU : 54 cts , annual dividend yield :6.3% ! Not yet include special bonus in Q4 ! We will sell some again if above $38 & buy if drop below $31.🤣🇸🇬

[@joshconsultancy]

Looking good =)

[@Julie-so3ux]

Josh, can suggest ideas on how to diy annuity plan for ppl in 40s using combinations of e.g. etf or ut to complement cpf life

[@joshconsultancy]

@@Julie-so3ux Annuity plan is bought with insurer. The benefit is guaranteed return without investment risk. So cant use ETF or UT

[@TLK281]

Bull run for DBS!

[@joshconsultancy]

maybe maybe =)

[@TLK281]

​@@joshconsultancy$41 plus now, may reach $50

[@chinsienliew556]

DBS is overpriced, but OCBC is worth buying among the three banks, with a better dividend yield.

[@RJhaaran]

I just added at $32.80 before it went ex DIV

[@joshconsultancy]

Looking good =)

[@tanjiansheng9638]

Josh if you have time can do a review on lendlease reits and share your pov on its future prospect?

[@joshconsultancy]

Hi, personally I think their high overall gearing is still a problem.

[@superconnie5003]

My DBS holdings average is $30 with 53k dividend pa.Invest -don't trade.

[@ngricky3085]

Agreed invest and don’t trade. My DBS average $28 with near to your dividend per year. My no.2 stock OCBC.

[@whackino]

Smart n rich 😊

[@temasekb]

nice, im at 37k pa at 33.4, plan to drip div back every ex div date. Leaving cash for dips. With ocbc total is 48k but hoping to reach 120kpa if possible.

[@bhtansg]

When DBS crashed to $26.50. The whole of Singapore is on Great Singapore Sale....

[@lumvincent7431]

@@bhtansg probably entering recession.

[@joshconsultancy]

Yes and it does come once in a while. Recommendation is to not wait for it to buy because 1) we dunno when it comes, taking action to buy at fair value will do as shared in the video 2) buying only when distress is actually v hard

[@lumvincent7431]

@@joshconsultancy standby my cpf OA n SSB n buy if DBS drop to $26.

[@MsCorydorus]

I am a bank bull whether through income or capital gain. Is the stable return to meet the dividend which they seldom reduce regardless cyclical or not while we wait for price recovery. Not sure about cyclical definition of yours because banks valuation surely down due to recession. If we want to put reits above banks on that rationale of cyclical we need to put a chart comparison between the two to see how they handle at same timeline. I suspect if banks are down so will reits and probably worst. I could be wrong. 😂

[@joshconsultancy]

Pov noted, no probs 👌🏻 Banks down so will reits part - may not be. Using an extreme divergence for illustration Measuring 26oct18 to 30 Oct 20, DBS had a -12% period Using Mapletree industrial trust (MINT) as the reit, it has a +63% in this same 2y period and at ATH. Yes +63% Unbelievable... So the question becomes why? Reason - banks could be facing defaults from covid and had to make provisions. Dividends were paused also. But data centres were the assets to own in a lock down world and bidded up Again, an extreme divergence for illustration. The hard part then would be to buy DBS instead of MINT who had the outperformance. Hope it is an interesting fun fact =)

[@ngricky3085]

Banks dividends paid out ratio about 50%. REITS dividend paid out ratio 90%. No-brainer!

[@MsCorydorus]

@@joshconsultancy i don't think we can use specific spot timeline to justify. Think i can also easily point out situations it didn't. A better measure is to use year 2019 to now 2024 to capture the trend over covid period to ramification.

[@wengkitcheong]

Last 1-2 yrs, you were not convinced on dbs bank. Now with so much clouds and a new CEO, what made you change your mind on dbs. Did u really buy n own dbs?

[@joshconsultancy]

Didn’t change mind I wanted to suggest a fair value which could come if correction deepens. Hope it explains

[@LearnPiano-o4h]

Dbs sure go down once new Ceo takes over, sell now better

[@joshconsultancy]

Not necessarily true 🙏 we see the future operations to judge

[@Mike-e1n]

@@joshconsultancyya time will tell .. we must give Ms Tan an opportunity to perform her role

[@starbreath76]

How is the new ceo ?

[@joshconsultancy]

Mr piyush transformed dbs from an underperforming to an outperforming one. He will be missed. Having said that, Ms Tan is a very accomplished replacement 👍

[@plantedtrees4193]

Using P/B ratio is one way to value a bank. But for banks such as DBS which is not capital constrained and in fact has more than enough capital to grow, I believe PB not the best way to value it.

[@joshconsultancy]

For banks when you read into analyst reports, it is the common measurement matrix As per Basel regulations, banks are required to maintain core capital adequacy as a percentage of their asset books. Hence the P/BV also becomes a proxy for the effective yields on their asset books. Specifically, when it comes to banks and other financials, the P/BV is a very good approximation of comparative metrics.

[@plantedtrees4193]

@@joshconsultancy common because it’s easy to use, not because it’s the right one to use.

[@eddiejltan]

Josh, love your content, but you say "et cetera, et cetera" in your videos way too often. It could be a verbal tic of yours, and it is distracting from your main message.

[@joshconsultancy]

Oops noted