The Singapore market is now very much a vibrant market attracting global Institutional titans & ultra high net worth family offices looking for a safe haven to park their assets.
That is why my answer is A: I am still bullish on $DBS(D05.SI)$ $OCBC Bank(O39.SI)$ & $UOB(U11.SI)$
When DBS launches a campaign to hire 500+ young local professionals to scale its technology & wealth pipelines, it sends a clear message: Singapore is not just surviving the global capital migration, it is systematically dominating it.
Investing my money into our big 3 banks means I am choosing to collect great dividends while waiting for capital growth.
The banks have rewarded me well while the rest of the markets rides a roller coaster.
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- Ah_MengΒ·08-24TOPGeeβ¦ I heard most of these 500 will be doing salesβ¦ investment-linked insurance typesβ¦ which is something I had experienced buying. Mixed bags of feelingsβ¦ insurance should be what it is, protection. Investment on the other hand should also be what it is, growth and wealthβ¦ mixing both together might appear enticing for many older folks who donβt really know investing and simply want more interest for their savingsβ¦ if the sales pitch says as it is, I would be fine, since even the non-educated would have been informed. A pity, from my past experiences, sales are sales. Thereβs always a glorifying package that masks π the actual product. I can only say that as Singaporeans become more affluent (assets and CPF rich), with cars π being so expensive, those savings have nowhere to go to, itβs no-brainer for DBS to grab as much of this low-lying fruit π π as possible, ignoring what happens when an insurance claim really rises. They are the salesperson problem, isnβt it? [Facepalm]1Report
- 1PCΒ·08-29TOPNice Sharing π @Shyon @Barcode @JC888 @Aqa @DiAngel @Sherniceθ»ε¬£ 20001Report
- zumaΒ·08-24thx1Report