My confidence comes from the improving earnings mix. Net interest margins appear close to a bottom, while wealth management continues to drive higher-quality, fee-based growth. This strengthens the case that DBS is evolving beyond a pure rate-cycle play into a more resilient earnings compounder.
On top of that, dividend certainty provides strong downside support. Higher payouts and buybacks continue to attract long-term capital, and with sentiment still constructive, I believe DBS can break above S$60 next week. My vote: A.
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