$OVERSEA-CHINESE BANKING CORP(O39.SI)$$DBS LTD(D05.SI)$$UNITED OVERSEAS BANK LIMITED(U11.SI)$are on downward slides despite interest hikes that will increase banks' interest income. one of biggest risks to banks are the higher probability of bad debts from loan default. Nevertheless SG banks have been resilient and able to rebound fast. Good to start collecting.
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.
Comments