$DBS GROUP HOLDINGS LTD(D05.SI)$...rebounded nicely from its 20D MA line.$UNITED OVERSEAS BANK LIMITED(U11.SI)$...in between 20D MA and 50D MA.So DBS and UOB look like well supported for now.$OVERSEA-CHINESE BANKING CORP(O39.SI)$...had a good run-up recently and likely face profit taking.Wall Street fell sharply overnight, worrying a more hawkish Fed, which might affect overall market sentiments but shouldn't shake the banks too much.My view.
$UNITED OVERSEAS BANK LIMITED(U11.SI)$With prices below moving average and at its lowest point in 2021. With assumption that loan revenues @ 0% flat, Bad debt provision up 2%, Interest Rate Income remain at 0% (assuming up interest rate offset by lesser loan application) and + FX rate for USD. With consistent dividend payout, maybe is a good selection as 1 of dividend share portfolio. But may need to hold until earliest Feb 2023 (assuming world economy had adjusted to the after effect of COVID and Ukraine war).