🌟 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
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 ❤
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.
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.
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 =)
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?
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!
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
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
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.🤣🇸🇬
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.
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.
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.
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?
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
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. 😂
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 =)
@@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.
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.
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.
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.
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 👍
