Sunday, 7 August 2016

DBS (D05) - 08 Aug 2016


DBS 2Q profit drops 6% to $1.05 billion. This was in line with estimates. 
http://www.theedgemarkets.com.sg/sg/article/dbss-2q-profit-drops-6-bad-debt-charges-more-double

DBS is currently trading at P.E. 8.51 while OCBC is trading at P.E. 8.89 and UOB P.E. is at 9.33.

Technically, DBS share price is supported at $14.90 and $14.63.

Current price resistance is at $15.07 and $15.21.

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