A. DBS — customer growth and d-To The Moon - Tiger Brokers Online Investing Community

A. DBS — customer growth and dividends.

I lean towards DBS, but a strong bank is not necessarily an attractive stock at every price.

Despite a 5% decline in quarterly profit, DBS delivered 4% growth in net interest income, while wealth assets reached S$544 billion. Its net interest margin also stabilised at 1.87% quarter on quarter.

UOB faces greater funding-cost pressure. Record fee income is encouraging, but weaker margin guidance suggests its earnings recovery needs more time.

However, DBS is not automatically cheap. Its S$0.81 dividend includes capital returns, which should not be mistaken for recurring income.

My strategy: Keep DBS on the watchlist, avoid chasing dividends, and wait for OCBC's November 6 results.

Sustainable earnings growth matters more than an attractive dividend headline.

@SGX_Stars [思考]

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DBS — customer growth and dividends.\n\nI lean towards DBS, but a strong bank is not necessarily an attractive stock at every price.\nDespite a 5% decline in quarterly profit, DBS delivered 4% growth in net interest income, while wealth assets reached S$544 billion. Its net interest margin also stabilised at 1.87% quarter on quarter.\nUOB faces greater funding-cost pressure. Record fee income is encouraging, but weaker margin guidance suggests its earnings recovery needs more time.\nHowever, DBS is not automatically cheap. Its S$0.81 dividend includes capital returns, which should not be mistaken for recurring income.\nMy strategy: Keep DBS on the watchlist, avoid chasing dividends, and wait for OCBC's November 6 results.\nSustainable earnings growth matters more than an attractive dividend headline.\n<a href=\"https://ttm.financial/U/3527667673047996\"> @SGX_Stars </a> [思考]<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/d4fc0a0facb173f45febd6d9a8650d74\"></t-t></body></html>","htmlText":"<html><head></head><body>A. DBS — customer growth and dividends.\n\nI lean towards DBS, but a strong bank is not necessarily an attractive stock at every price.\nDespite a 5% decline in quarterly profit, DBS delivered 4% growth in net interest income, while wealth assets reached S$544 billion. Its net interest margin also stabilised at 1.87% quarter on quarter.\nUOB faces greater funding-cost pressure. Record fee income is encouraging, but weaker margin guidance suggests its earnings recovery needs more time.\nHowever, DBS is not automatically cheap. Its S$0.81 dividend includes capital returns, which should not be mistaken for recurring income.\nMy strategy: Keep DBS on the watchlist, avoid chasing dividends, and wait for OCBC's November 6 results.\nSustainable earnings growth matters more than an attractive dividend headline.\n<a href=\"https://ttm.financial/U/3527667673047996\"> @SGX_Stars </a> [思考]<t-t type=\"img\" src=\"https://community-static.tradeup.com/news/d4fc0a0facb173f45febd6d9a8650d74\"></t-t></body></html>","text":"A. DBS — customer growth and dividends. I lean towards DBS, but a strong bank is not necessarily an attractive stock at every price. Despite a 5% decline in quarterly profit, DBS delivered 4% growth in net interest income, while wealth assets reached S$544 billion. Its net interest margin also stabilised at 1.87% quarter on quarter. UOB faces greater funding-cost pressure. Record fee income is encouraging, but weaker margin guidance suggests its earnings recovery needs more time. However, DBS is not automatically cheap. Its S$0.81 dividend includes capital returns, which should not be mistaken for recurring income. My strategy: Keep DBS on the watchlist, avoid chasing dividends, and wait for OCBC's November 6 results. Sustainable earnings growth matters more than an attractive dividend headline. @SGX_Stars [思考]","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/625986088305056","repostId":0,"isVote":1,"tweetType":1,"viewCount":307,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":699,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/625986088305056"}