Apr $10K ... YTD $56K ... 2024 $132K

It's the start of Q2, and dividends are starting to roll in 😎 DBS is a major contributor this month, plus I have a number of 6 months T-bills that had matured ... Would hope to see DBS reporting strong Q1 earnings tomorrow and good dividend payout (this time with enlarged 1-for-10 bonus shares). Banks have really turned out to be pretty profitable for me, as I pivot from non-bank shares towards the 3 local banks over the past few years. Besides dividends, they are also turning out great capital gains too. I had bought some DBS and OCBC with SRS during the end of 2020, that are literally sitting at 70% gains and 10% dividend yields. Hmm should I sell them or leave them alone for bragging rights haha... Leave a comment below if u have any suggestions 😂

Looking at the chart of DBS, it has been a consistent up-trend for this largest Singapore company. After XB, DBS has surprisingly persisted to move onto a new all-time-high price. Moving averages are sloping nicely upwards, indicating a high probability of near term and long term supports of these high prices. 

Coupled with USA inflation data showing a persistent stickiness above 3%, interest rates seem to point towards higher and longer than initially expected, which is good news for the banks. DBS has reported a record FY result, and upcoming Q1 should also be strong. Coupled with strong govt backing and upcoming political handover/elections, everything seems to be going very well for DBS. Despite its record price, there's really no good reason to sell and shift the funds to another "better" stock.

Do you also think DBS is good? Pls comment and let me know!

Press on, you Mighty Man of Valour!

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