DBS cresting $49.21 [OMG] is no small feat! but with a P/B North of 2.0x & margin compression looming, the climb 📈 towards $50 might need a breather. Loan book's solid 💪, but elevated valuations vs. book value suggest volatility ahead. I've held DBS since 2021 [Happy] , & while the dividend yield (6.4%) & capital return plan are sweeteners, I'm watching 👀 for signs of fatigue. A pullback post - ATH wouldn't surprise me - especially if OCBC's earnings next week show sharper NIM erosion. Their Q1 NIM dropped 23bps, & if that trend continues, it could signal sector - wide pressure [OMG] . That said, OCBC 's fee & insurance income held up well, & their CET1 ratio at 17.6% gives them cushion. For now, I'm holding DBS, but trimming expectations [Sweats] . The next leg 🦵 up needs fresh catalysts - Rate clarity, loan growth 💹, or a surprise from OCBC [Chuckle] .
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- DIAMOND009·2025-07-29Great analysisLikeReport