I’d still choose $DBS(D05.SI)$

I’d still choose $DBS(D05.SI)$ into year-end because it continues showing the strongest execution among the three banks. Even with lower rates pressuring NII, DBS still delivered strong deposit growth, record wealth fees, and upgraded guidance. I also currently hold a position in DBS as I see it as the most resilient Singapore bank in a volatile market.

I think Middle East tensions and global uncertainty could continue supporting Singapore’s safe-haven wealth inflow advantage. Among the local banks, DBS looks best positioned to benefit due to its scale and stronger wealth management franchise.

$ocbc bank(O39.SI)$ has interesting long-term upside if its Indonesia integration succeeds, while $UOB(U11.SI)$ still needs stronger execution in wealth and fee income growth. If I had to pick one bank most likely to upgrade FY2026 guidance again in Q2, my choice would still be DBS.

@TigerClub @TigerStars @Tiger_comments @Tiger_SG

SG Banks Q1: NII Under Pressure, Who Held Up on Wealth Management?

All three beat Bloomberg consensus, but for different reasons: DBS and OCBC outperformed on wealth management, while UOB defended earnings through lower credit provisions. With SORA averaging 1.07% in Q1 versus 2.54% a year earlier, NII compression across the board is a foregone conclusion. The real question is which bank's wealth management narrative can sustain momentum in the second half — after these three reports, which do you favor?

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","winRationPercentage":69.230769,"tradeVolumeEst":0},"themes":[{"themeId":"578f5b29dba5411b9fbd556a5fff8e75","categoryId":"7cf744760f454845a1870a05ea4e151d","name":"SG Banks Q1: NII Under Pressure, Who Held Up on Wealth Management?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":578f5b29dba5411b9fbd556a5fff8e75}&rnconfig={\"headerBarHidden\": true}","description":"All three beat Bloomberg consensus, but for different reasons: DBS and OCBC outperformed on wealth management, while UOB defended earnings through lower credit provisions. With SORA averaging 1.07% in Q1 versus 2.54% a year earlier, NII compression across the board is a foregone conclusion. The real question is which bank's wealth management narrative can sustain momentum in the second half — after these three reports, which do you favor?","image":"https://community-static.tradeup.com/news/19f0ec82c5735e7e7940bee488a73a13"}],"images":[{"img":"https://community-static.tradeup.com/news/5e7eec9b63cbb9c00cf65ebb334ba5d4"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/5e7eec9b63cbb9c00cf65ebb334ba5d4"}],"title":"","html":"<html><head></head><body>I’d still choose<a href=\"https://ttm.financial/S/D05.SI\"> $DBS(D05.SI)$ </a>into year-end because it continues showing the strongest execution among the three banks. Even with lower rates pressuring NII, DBS still delivered strong deposit growth, record wealth fees, and upgraded guidance. I also currently hold a position in DBS as I see it as the most resilient Singapore bank in a volatile market.\n\nI think Middle East tensions and global uncertainty could continue supporting Singapore’s safe-haven wealth inflow advantage. Among the local banks, DBS looks best positioned to benefit due to its scale and stronger wealth management franchise.\n<a href=\"https://ttm.financial/S/O39.SI\"> $ocbc bank(O39.SI)$ </a> has interesting long-term upside if its Indonesia integration succeeds, while<a href=\"https://ttm.financial/S/U11.SI\"> $UOB(U11.SI)$ </a>still needs stronger execution in wealth and fee income growth. If I had to pick one bank most likely to upgrade FY2026 guidance again in Q2, my choice would still be DBS.\n<a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><a href=\"https://ttm.financial/U/9000000000000149\"> @TigerStars </a><a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/4106547232749330\"> @Tiger_SG </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/5e7eec9b63cbb9c00cf65ebb334ba5d4\"></t-t></body></html>","htmlText":"<html><head></head><body>I’d still choose<a href=\"https://ttm.financial/S/D05.SI\"> $DBS(D05.SI)$ </a>into year-end because it continues showing the strongest execution among the three banks. Even with lower rates pressuring NII, DBS still delivered strong deposit growth, record wealth fees, and upgraded guidance. I also currently hold a position in DBS as I see it as the most resilient Singapore bank in a volatile market.\n\nI think Middle East tensions and global uncertainty could continue supporting Singapore’s safe-haven wealth inflow advantage. Among the local banks, DBS looks best positioned to benefit due to its scale and stronger wealth management franchise.\n<a href=\"https://ttm.financial/S/O39.SI\"> $ocbc bank(O39.SI)$ </a> has interesting long-term upside if its Indonesia integration succeeds, while<a href=\"https://ttm.financial/S/U11.SI\"> $UOB(U11.SI)$ </a>still needs stronger execution in wealth and fee income growth. If I had to pick one bank most likely to upgrade FY2026 guidance again in Q2, my choice would still be DBS.\n<a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><a href=\"https://ttm.financial/U/9000000000000149\"> @TigerStars </a><a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/4106547232749330\"> @Tiger_SG </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/5e7eec9b63cbb9c00cf65ebb334ba5d4\"></t-t></body></html>","text":"I’d still choose $DBS(D05.SI)$ into year-end because it continues showing the strongest execution among the three banks. Even with lower rates pressuring NII, DBS still delivered strong deposit growth, record wealth fees, and upgraded guidance. I also currently hold a position in DBS as I see it as the most resilient Singapore bank in a volatile market. I think Middle East tensions and global uncertainty could continue supporting Singapore’s safe-haven wealth inflow advantage. Among the local banks, DBS looks best positioned to benefit due to its scale and stronger wealth management franchise. $ocbc bank(O39.SI)$ has interesting long-term upside if its Indonesia integration succeeds, while $UOB(U11.SI)$ still needs stronger execution in wealth and fee income growth. 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