Tigerwong
11-07

Traditionally, DBS is the biggest beneficiary of higher interbank rates due to the historical acquisition of POSB, making her the biggest deposit base with the lowest loan deposit ratio.  However we have seen in recent years that the wealth management areas has become the most important part of profit and will continue  to be.  This is also true of the other 2 local banks.  Thus, with the integration of GE into OCBC, I would pitted OC ahead of UOB.

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

  • KienBoon
    11-07
    KienBoon
    OCBC should also be bullish tomorrow as well with the release of its 3Q results. Hope that it can bull up another 50c+. In general, the 3 banks in SG are relatively good for longer term holding. Cheers. Thanks.
  • clipzy
    11-07
    clipzy
    Such an insightful analysis! Love your perspective! [Heart]
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