DBS has strong fundamentals, and with rates expected to decline plus the S$5B market development programme, I don’t see many reasons against owning it. Hitting S$60 this year is possible if momentum continues, but it may need broader STI strength to push higher.
I’m cautiously bullish on STI reaching 5,000, though global macro risks could still slow the move. Between Sea and DBS, I’d lean DBS for stability and dividends, while Sea is more of a growth/high-volatility play. UOB and OCBC could be the next to follow DBS in the new high trend.
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