More DBS

Bought 100 more shares of DBS.
This is unusual for me. Normally I will wait for shares to drop to a support level before buying.
I did it this time as I am accumulating too much cash than I like.
Especially when I will be getting more inflows from bonuses.
I was waiting for market dip from trade war, I did buy some, but the dip was not very severe.
Trade war between US and China is still ongoing.
I still need to keep a level of cash.
But at the same time, I need to increase my holding of investments.
So I have to do it lightly, always keeping an eye on a good war chest in times of chance.

Another reason for buying is also because the share is at fair value.
PE ratio at 11, dividends at 4%.
I like like the future of DBS.
Compared to the other giant banks, UOB and OCBC, I feel DBS is more tech driven.
UOB is using Silverlake's product for their internet website, and maybe their internal systems.
I think DBS hires a lot of developers, and build systems in house.
They claim that they are a tech company rather than a bank, and I love the idea.
That is the only way to compete with the fast rising Grab, Razer, etc.

I will still buy DBS if they continue dropping to S$20, and $15, etc.
For now, I just want to increase my dividend generators, but it must be acquired at least at fair values.