With the FED recently increasing the interest rate by another 75 basis points in November, coupled with the 3 local banks in Singapore reporting that they have better earnings than expected (net profit all increasing). By the end of the year, it is forseeable thatthey will end the year strong with the share price rising another 3-5%.
I remain bullish on all 3 banks and already have positions in 2 of them. Backtesting with each of the local bank share price have given me confidence into how I invest. I am looking to add many more positions into my existing holdings. Always remember to do your own due diligence.
What are your thoughts?
Modified in.2022-11-06
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