January 6 was a meaningful day worth celebrating for many Singapore investors. $OCBC Bank(O39.SI)$ broke through the $20 mark for the first time in history, opening at $20.04 $DBS(D05.SI)$ also set a new record, touching $57.48 intradayAmong Singapore’s three local banks, having two reach all-time highs at the same time is a rare sight over the past decade. This rally is no longer just about high dividend yields, it reflects a combination of earnings resilience, interest rate cycle expectations, and a return of local capital flows.1. DBS: The “core asset” with one-way upward trend The only notable pullback for DBS came in April 2025, following the announcement of the “Liberation Day” tariffs. Yet that
SG Banks Start the Year at Highs: Are You Celebrating or Profit-Taking?
January 6 is a meaningful day worth celebrating for many Singapore investors. OCBC shares broke through the $20 mark for the first time in history, opening at $20.04 DBS also set a new record, touching $57.93 intraday Among Singapore’s three local banks, having two reach all-time highs at the same time is a rare sight over the past decade. With DBS and OCBC at record highs, are you adding on strength or locking in profits? Will UOB be the next bank to catch up, or continue to lag?
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