Shyon
12-04 22:40
From my perspective, JPMorgan’s $JPMorgan Chase(JPM)$ upgrades confirm that Singapore’s financial sector remains healthy, and the STI still has room to climb. DBS $DBS Group Holdings(D05.SI)$ continues to lead with strong dividends and capital strength, OCBC $ocbc bank(O39.SI)$ looks increasingly attractive as a balanced GARP choice, while UOB $UOB(U11.SI)$ may stay volatile but remains reasonable for patient holders.

SGX $SGX(S68.SI)$ being raised to Overweight stands out to me. With government support, improving IPO activity, and product innovation, its growth outlook looks more solid, and the potential for higher dividends makes it a useful addition to a diversified portfolio.

Whether STI can reach 6,000 will hinge on global rate trends, but the revised target strengthens the bullish view. For now, I’d hold the major banks and consider adding SGX as we head into 2026.

@Tiger_SG @Tiger_comments @TigerStars

JPMorgan’s Latest PT For Banks! Would You Adjust Portfolio by Year-End?
JPMorgan Chase recently upgraded its ratings on Singapore’s three major banks and SGX, sending new signals to investors! It also forecasts $Straits Times Index(STI.SI)$ to reach 6,000 points over the next 12 months (previously 5,000 points). While DBS is highly valued, the trend is still upward; OCBC shows stable growth; UOB is better suited for patient investors. As 2025 comes to a close, are you ready to adjust your positions? Will you continue holding the three major banks? Is SGX a good choice for you? Do you expect the STI to reach 6,000 points?
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.

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