Shares & Derivatives
Sold DBS and want to buy back.
By A Singaporean Stockmarket Investor (ASSI)  •  August 27, 2017
After re-sharing on Facebook that I was buying mostly DBS shares in 1H 2016,
Reader: I saw your FB posts on DBS. Thanks for sharing again. I did buy some DBS shares after attending one of your talks last year. I made a bit of money. Been waiting for the price to drop. My broker told me it will go up higher. Should I buy back? AK: I wonder what did your broker tell you about DBS last year? Just curious. Since you attended "Evening with AK and friends" last year, you might remember that I explained buying into DBS then was buying in at a nice discount to NAV and also at a single digit PE ratio. Many were worried about the bank's exposure to the troubled O&G sector and I explained that only about 6% of the bank's loan book was exposed to that sector. Even if they had to write off everything ......
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By A Singaporean Stockmarket Investor (ASSI)
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