DBS Bank: Shooting Star @ Support Turned Resistance

DBS Bank is showing a Shooting Star at the Support Turned Resistance at $16.14. Wait for the next candle to confirm the reversal. A good trading opportunity but need to get out before the XD date and earning release.

2014 Mar25-DBS

See previous analysis on DBS bank here. The symmetrical triangle breakout pattern with price target still valid.

Current P/E Ratio (ttm) 10.6411
Estimated P/E(12/2014) 10.4224
Relative P/E vs. FSSTI 0.7865
Earnings Per Share (SGD) (ttm) 1.5074
Est. EPS (SGD) (12/2014) 1.5390
Est. PEG Ratio 4.6322
Market Cap (M SGD) 39,241.67
Shares Outstanding (M) 2,446.49
30 Day Average Volume 4,446,067
Price/Book (mrq) 1.1732
Price/Sale (ttm) 3.3377
Dividend Indicated Gross Yield 3.62%
Cash Dividend (SGD) 0.3000
Dividend Ex-Date 05/12/2014
5 Year Dividend Growth -4.08%
Next Earnings Announcement 04/30/2014

Leave a Reply