$DBS(D05.SI)$ I agree with several contributors that this is merely short-term consolidation. 19% increase in wealth management assets, double digit increase in non-interest income, substantially increased dividends for 2026 and 2027, $16b increase in deposits in Q4 etc. Buy the dip and be rewarded!
$DBS(D05.SI)$ Now is the time to buy into a consistent and safe asset at a heavily discounted value that returns you at least 5.5% dividends for the next 2 years (!) and with the prospect of substantial valuation upside!
$DBS(D05.SI)$ $UOB(U11.SI)$ Following DBS’ earnings release on Thursday (Apr 30) – where its net profit rose 1 per cent year on year to S$2.93 billion and surpassed Bloomberg analysts’ expectations – CGSI upgraded the bank to “add” from “hold”, raising its target price to S$63.80 from S$60. “We turn more constructive on DBS after its analyst briefing on Apr 30, due to its resilient net interest income (NII) and stronger growth in its wealth management fees,” said CGSI analyst Tay Wee Kuang. Source: https://www.businesstimes.com.sg/companies-markets/analysts-upgrade-dbs-lift-target-price-improved-forecasts-wealth-franchise
$UOB(U11.SI)$ UOB provides the best value given that its P/B ratio is only 1.2 (lower than both DBS and OCBC) while still offering a generous 6.2% dividend yield. Of the 3 major Singapore banks, it is by far the most undervalued and the one with most potential for gains (both dividends and valuation)!
$DBS(D05.SI)$ $UOB(U11.SI)$ Think both DBS and UOB have lots of room to grow. Healthy dividends, steady profits and fallen from ATH by some extent so clearly lots of valuation upside!