WJ77
2024-09-25

$DBS Group Holdings(D05.SI)$  is growing. In fact the rest of the big 3 are too. Interest rates are not negating their growth simply because rate cuts is an eventual occurrence and the banks are prepared for it by diversifying their revenue sources. $40 is not longer a distant dream. Sit tight for the upward ride

All Time Highs! Can SG Banks Continue to Outperform SPX This Year?
DBS, OCBC, and UOB all hit all time highs today and then pullback. The three major banks achieve more than 30% gains in 2024. DBS has risen 52% in 2024—can it maintain this upward trend this year? Are the three major banks the most worthwhile Singapore stocks to buy? What are the best reasons to invest in the three major banks? Can they still outperform S&P 500 in 2025?
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Comments

  • Tigerwong
    2024-09-25
    Tigerwong
    Wealth management is the key growth area and will offset the impact of declining interest rate. DBS has the biggest deposit base in Singapore and will definitely be impacted by the lower interest rate environment as interest margin compression set in.
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