Shyon
08-19 23:02
I’m still constructive on Singapore banks, especially $DBS(D05.SI)$ . The continued hiring in wealth management, AI, data and technology tells me DBS is positioning for long-term growth rather than simply expanding headcount. Singapore’s growing wealth-management ecosystem should continue creating opportunities for the banking sector.

I also like the bigger picture: more capital flowing into Singapore → more assets under management → stronger wealth and fee income → greater investment in talent and technology. With net interest margins facing pressure, I think wealth management and non-interest income will become increasingly important for DBS and its peers.

Overall, I remain bullish on Singapore’s financial sector, although I wouldn’t chase blindly after the strong run. For me, DBS remains a core long-term holding, while $ocbc bank(O39.SI)$ and UOB provide additional exposure to the broader Singapore banking story. 🇸🇬📈

@Tiger_comments @TigerStars @TigerClub @Tiger_SG

SGX Weekly Market Review: STI Rises Over 1% Led by Financial Stocks and Record Highs for DBS, OCBC, and SGX
The Straits Times Index (STI) increased by approximately 1.24% to close at 5,698.43 on August 7, driven by strong gains in financial stocks. Key banks DBS and OCBC, along with SGX, reached record high stock prices, supported by positive earnings reports and renewed buying interest in the market.
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