Lucorirorz
09-16

DBS has strong fundamentals, and with rates expected to decline plus the S$5B market development programme, I don’t see many reasons against owning it. Hitting S$60 this year is possible if momentum continues, but it may need broader STI strength to push higher.

I’m cautiously bullish on STI reaching 5,000, though global macro risks could still slow the move. Between Sea and DBS, I’d lean DBS for stability and dividends, while Sea is more of a growth/high-volatility play. UOB and OCBC could be the next to follow DBS in the new high trend.

DBS & STI ATH: JPMorgan Sees STI Charging Toward 5,000?
DBS reaches new peak of S$52.87, as STI soars to record high of 4,355.84 points JPMorgan has bullish STI target of up to 5,000 by year’s end, cites declining interest rates and Republic’s S$5 billion market development programme. DBS Group surpasses Sea to become the most-valuable listed company in Southeast Asia once again. -------- 1. Is there any reason not to buy DBS? Will it hit $60 this year? 2. Are you bullish on STI hitting 5000? 3. Sea or DBS: Your choice would be? 4. Who may follow the new high trend?
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