BTS
01-10

$DBS(D05.SI)$  $ocbc bank(O39.SI)$  $UOB(U11.SI)$  

With DBS (D05) and OCBC (O39) at record highs driving the Straits Times Index past 4,700, investors face a dilemma between adding on strength or locking in profits

Treating DBS as a "core asset" with a one-way upward trend, portfolio rebalancing depends on whether the $20 mark for OCBC is a milestone or psychological barrier as investors weigh capital preservation against continued momentum

While UOB (U11) has recently lagged its peers, its valuation discount and emphasis on wealth management provide a defensive catch-up opportunity for value-oriented investors

If 2026 marks the start of a rate-cut cycle, bank stocks can still rise; resilience will depend on shifting focus from margin expansion to capital returns and buybacks, with diversified fee-based income supporting growth despite margin compression

Strategic positioning for the year ahead requires balancing the growth potential of SG banks with broader economic risks and evolving market conditions。。。

SG Banks Start the Year at Highs: Are You Celebrating or Profit-Taking?

@Tiger_SG：
January 6 was a meaningful day worth celebrating for many Singapore investors. $OCBC Bank(O39.SI)$ broke through the $20 mark for the first time in history, opening at $20.04 $DBS(D05.SI)$ also set a new record, touching $57.48 intraday Among Singapore’s three local banks, having two reach all-time highs at the same time is a rare sight over the past decade. This rally is no longer just about high dividend yields, it reflects a combination of earnings resilience, interest rate cycle expectations, and a return of local capital flows. 1. DBS: The “core asset” with one-way upward trend The only notable pullback for DBS came in April 2025, following the announcement of the “Liberation Day” tariffs. Yet that decline did not derail the broader trend — instead, it became a re-entry opportunity for medium- to long-term investors. Analyst views highlight a clear split: JP Morgan is the most bullish, with a target price of $70 (Overweight) Macquarie, on the other hand, sees valuation risk and assigns a $46 target (Underperform) Is DBS still in a phase of valuation expansion, or has it entered a period of high-level consolidation? 2. OCBC: Is $20 a milestone or a psychological barrier? Compared with DBS, OCBC’s move to record highs came later, but with greater momentum. Consistently setting new highs since November 2025; Supported by strong non-interest income growth and lower provisions Even though 9M25 net profit declined 4% YoY, the market has chosen to look ahead Now that the share price is above $20, the issue of affordability per lot is resurfacing. Whether this leads to renewed stock split expectations or a liquidity premium has quietly become a topic of market discussion. Goldman Sachs: Target price $21.20 (Buy) 3. Is It UOB’s turn? With DBS and OCBC repeatedly hitting new highs, attention is naturally shifting to whether UOB could be next. $UOB(U11.SI)$ is not far from its all-time high of $39.20, but the problem is still here. Has the market fully digested the overly conservative provisioning? Or is it still waiting for a clearer catalyst? Questions for SG Investors: 1️⃣ With DBS and OCBC at record highs, are you adding on strength or locking in profits? 2️⃣ Will UOB be the next bank to catch up, or continue to lag? 3️⃣ If 2026 does mark the start of a rate-cut cycle, can bank stocks keep rising? Leave your comments or winning trades to celebrate this moment and win tiger coins~ For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP. Click to access the activity Other helpful links: 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
SG Banks Start the Year at Highs: Are You Celebrating or Profit-Taking?

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  • alexliam
    ·01-10
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    Agreed that UOB at current pricing is a great opportunity for value-oriented investors!
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      01-13
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