Vote A. DBS is a crowd favourite right now, but it's trading at a 'rich' 2.5x book value—above its usual average. With lower interest rates likely to squeeze margins (NIM) in 2026, a small pullback wouldn't be surprising. Would enter in more if there's a dip. Pullback to $57.5-58

Even though DBS' Q4 profits missed forecast, it's share price pullback has been fairly modest. This suggests that most investors are still confident in the company's fundamentals. Moreover, DBS remains the local bank that is better positioned to withstand NIM pressures as compared to its peers. Will continue to hold as an income and growth stock in my portfolio and buy in when opportune. 

DBS is a crowd favourite right now, but it's trading at a 'rich' 2.5x book value—above its usual average. With lower interest rates likely to squeeze margins (NIM) in 2026, a small pullback wouldn't be surprising. Would enter in more if there's a dip.