I also like the bigger picture: more capital flowing into Singapore → more assets under management → stronger wealth and fee income → greater investment in talent and technology. With net interest margins facing pressure, I think wealth management and non-interest income will become increasingly important for DBS and its peers.
Overall, I remain bullish on Singapore’s financial sector, although I wouldn’t chase blindly after the strong run. For me, DBS remains a core long-term holding, while $ocbc bank(O39.SI)$ and UOB provide additional exposure to the broader Singapore banking story. 🇸🇬📈
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