I would prefer to wait for the earnings results before adding to Singapore bank stocks. The recent pullback makes valuations more interesting, but I do not think a lower share price automatically means a bargain. I would rather have more clarity on earnings and management guidance.
Among the three, I would pay close attention to $DBS(D05.SI)$ and $ocbc bank(O39.SI)$ , particularly their net interest income, wealth management fees and dividend sustainability. For OCBC, I also want to distinguish Great Eastern’s investment-related volatility from the underlying banking performance.
My approach is to remain patient and compare all three banks after their results. I am more interested in sustainable earnings, healthy asset quality and consistent dividends than catching a short-term rebound. As always, capital preservation and discipline come before FOMO.
$UOB(U11.SI)$
@Tiger_comments @TigerStars @TigerClub @SGX_Stars @Tiger_SG
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