WJ77
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

SG Bank Giants ATH: Which Bank is Your Top Pick?
Today, three local SG banks all hit all-time-high after their stellar earnings. DBS jumps 6% after it announced a S$3 billion buyback. UOB posts 16% higher Q3 profit of S$1.61 billion. OCBC says 2024 targets on track after Q3 profit beats forecast with 9% rise to $1.97 billion. ----------------- What's your target price for DBS with the super buyback program? Which bank is your top pick?
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Comments

  • Tigerwong
    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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