DBS is scheduled to be the last bank among the 3 giants to announce its Q3FY19 results on the 11th November 2019. The other two banks will report on 1st Nov (UOB) and 5th Nov (OCBC) respectively. As some of you might know, I have a short-sell position for DBS in my earlier October Portfolio Update and have since more than tripled my position further in DBS in the past recent days. Here are 6 reasons why I think DBS is prime for shorting, especially in the build up for the next few weeks / months. 1.) SIBOR Rates has peaked in Jun 2019 and are heading down
The 3m and 1m Sibor rates have peaked in Jun 2019 when they announced their 2nd quarter results. Since then, the Federal Reserve has proceed cutting the interest rates by 25 basis points in each of the two occassions. This has led...