Hello Tiger Community!
This is no better time than now to look at the 3 local banks. It is proven historically that banks tend to benefit from high interest rate environment and now is it. With the UOB, DBS and OCBC progressively announcing great earnings in Q2 of 2022, the outlook for the industry is likely to stay positive towards the end of the year if the rates remain high.
I am personally invested in all 3 banks and I will continue dollar cost averaging in as long as the fundamentals of these 3 remain unchanged.
Always do your own due diligence before pumping any dollar into the market. All the best!
$DBS GROUP HOLDINGS LTD(D05.SI)$$UNITED OVERSEAS BANK LIMITED(U11.SI)$$OVERSEA-CHINESE BANKING CORP(O39.SI)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- koolgal·2022-08-04Congratulations on your excellent choice of investing in our 3 local banks 🎉🎊🎉1Report
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