Among the 3 major banks, investors putting in their monies into these 3 big banks who not only backed by govt and MAS but also has good dividends payout.
As the prices for these banks are very high, to buy 1 lot is about 12,000+ for OCBC, 30K TO 35K for UOB and DBS.
Another cheaper option with good dividends is HONG LEONG FINANCE. Hong Leong Finance has been around many years and they are popular among the Pioneer Generation where they put FD in those days and even now.
My favourite is UOB, DBS AND HONG LEONG FINANCE. As inflation keeps going up, bank stocks are still a safe haven to invest in. However, dont put ALL INTO ONE BASKET. Diversify.
Happy Investing:)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Ok