DBS GROUP HOLDINGS L

D05
End-of-day quote. End-of-day quote  - 10/20
21.3SGD -1.25%

DBS Group Holdings Ltd : A new test of the support level

David Meurisse
Contributor / Partner

Strategy published on : 12/02/2019 | 04:56

long trade on a pullback
Stop-loss triggered

Entry price : 0SGD
Target : 26.85SGD
Stop-loss : 23.9SGD
Cancellation Level : 26.3SGD
Potential : INF%

After having been stuck in a trading range, shares in DBS Group Holdings Ltd are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions.
Investors should buy the stock at current prices near SGD 24.85 in order to target the SGD 26.85.

Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● The company is one of the best yield companies with high dividend expectations.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.


Weaknesses

● The company's earnings releases usually do not meet expectations.

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