πππIt would seem that the Bull is back after a scary March when there was a bank run and the collapse of SVB and Signature Bank. The US indexes closed higher today.
However inflation is still high and the Feds are still intent on quelling it.
Nonetheless I believe that the markets are off to a great start for April and another earnings season will be here in a few weeks.
Being a Singaporean, I believe in the future of our vibrant economy and the 3 Singapore banks are the bellwether of our financial markets. My favourite bank is $DBS GROUP HOLDINGS LTD(D05.SI)$ and I intend to hold this long term. DBS is the winner of numerous awards including the World's Best Bank for 5 years running and the safest bank in Asia.
With a wide moat, rock solid balance sheet and an excellent management team, I believe that DBS will continue to grow exponentially in the long term and I am proud to own a little part of it.
πIs it safe to buy SVB now or is this just a 'dead cat bounce'?
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- KryZΒ·2023-04-01Absolutely. $DBS GROUP HOLDINGS LTD(D05.SI)$ & $OVERSEA-CHINESE BANKING CORP(O39.SI)$ are solid buys. π4Report
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- θ η²Ύ η΅Β·2023-04-02Thank you for your sharing.2Report
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