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Is it time to consider selling DBS
By The Unnecessary Job  •  April 11, 2019
This recent rally has been phenomenal. At last traded price (27.1), DBS has an effective yield of around 4.4%(@ $1.20 per share). 

Based on an EPS of 2.14, that represents around a 55% payout ratio, which seems reasonable and sustainable to me. 

It seems that a lot of investors may be looking to hold on to DBS at least until 2 May 2019, when the share will go XD. Once XD, the share price should theoretically correct to 26.5 (0.60 dividends).

The big question on everyone's minds is naturally: Will this seemingly unstoppable rally continue? Will we see DBS attempt to breach the $30 dollar mark again as it did prior to its catastrophic crash back to $23?

One thing to note here is that DBS net interest income grew 15% y-o-y from 7.7B in 2017 to 8.95B in 2018. With the interest rate environment now taking a U-turn, and the Fed turning dovish,

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By The Unnecessary Job
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