Bull case: “$60 is just a matter of time”
* Earnings muscle still strong
DBS has been feasting on higher interest rates. Net interest margins expanded, and profits hit record territory in recent years.
* Dividend magnet
Solid, rising dividends make it attractive for income investors. When yield looks juicy vs alternatives, buyers step in.
* Balance sheet = tank-like
Strong capital ratios and conservative lending mean resilience even if the economy wobbles.
* Singapore + regional growth
Exposure to ASEAN and wealth management gives it more engines than just plain lending.
👉 Bull view: If earnings stay elevated and sentiment stays warm, $60 is achievable in the medium term.
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