Let s convert more SGD. hehehehe chance has come.

Anyone bought any bluechips this week? DBS?

Less than $24 now. Time to collect?

Nope. What's the hurry. Still not cheap yet.

DBS below SGD20 is a buy

22.5 is a support level.

Wait for the support level to be broken... It might happen sooner with the contagion caused by the failed OPEC Russia oil deal. But let's see...

Broke like hot knife thro butter!

Really Really really gonna hit below 20?

Can buy batch by batch?

This post has been edited by donhay: Mar 9 2020, 09:21 AM

Yes, now already sliced thru 22.5 level, now hovering around 22.00 and testing the support level. Even if recovered at the end of today, don't think it can hold over the week(s) ahead...

The contagion effect from the oil deal do not affect just the oil counters....

Yes. Will be like 2016 all over again, with oil companies under stress. Except this time round, the expansion is lesser than that of the crazy 2014 years.

Maybe, but this time is different, i know it sounds cliche

Beside this, we still have the black swan event virus happening and see no sights of the pandemic being under control.

I foresee that we could have a protracted global slowdown for 2 or more years, so I would only buy stocks with disposable income, very selectively of course, otherwise I am happy to stay at cash position now.

That's good advice.

Bros,...

Do you think DBS will reduce the dpu payout ? They have just increased the dpu payout for 4QFY19 from 30c to 33c !

Anything is possible if economy continue to worsen. See how US and italy contain the virus, you will get the idea. Let us not forget russia, saudis + US is going to all out oil war.
It's either they cut dividend and or raise new funds if condition deteriorate.

Remember stingy banks can survive like ocbc, public banks do not need to cut dividends.

Short term no.
Prolong drag out yes.

This post has been edited by Ramjade: Mar 9 2020, 10:57 AM

I thank you,... but you just gave me a reply with general contents.

What would have happened to DBS before it will trigger DBS to reduce its dpu payout ?

Increasing defaults either from consumer or business.
People investing less and uses less of their service.
Once they start laying off their staff you know it is saving cash.

If their payout ratio is like 30%, yeah no problem. Their payout is like 58%.

So we will just wait.

For me, possible they cut dividend back to previous level if situation is bad. For ocbc, no dividend cuts.

This post has been edited by Ramjade: Mar 9 2020, 12:01 PM

Tq for your points.

I believed DBS will start trimming dpu payout first before they start laying off staff. What that will happen as a precursor to a dpu cut would be : stopping the hiring process.

At my end, frankly, I am using $1.10 as the estd dpu payout to evaluate my Buy Price today that decides my ROI. Not $1.20, and definitely not anything above $1.20 anymore.

The plus side is even if the DBS dpu drops, the Ringgit will drop in tandem to hold up our purchasing power back in Msia !

My opinions for you,....

I agreed. I think the old dividend makes a better and safer bet than current ones.
Don't remind me of my RM please

FTSE ST Real Estate Investment drops more than 4%...guess SREITs are no longer safe haven, more likely direct impacts due to the virus


https://sg.finance.yahoo.com/quote/FSTAS8670.SI/