Looking at the results of the polls, there is already one clear winner: DBS stock. That is, DBS garnered the most number of polls as the stock investors would invest in if its price goes to an attractive level. You can see more details of the poll and its results here .
I think I have enough reasons to hence say that DBS stock is Singapore’s most desirable stock, which investors would accumulate if its prices is right. Looking at the performance of DBS stock yesterday, DBS stock is at $22.80 per share while the STI is at 2,966.45. My near-term target for the STI is 2,500 and I think I would think DBS stock will be attractive at around $14 per share which is the previous low seen in Feb 2016. I would like to accumulate DBS at $11 per share since I believe Singapore stocks are poised to head further south than 2,500 for STI.
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