October was a strong month for DBS — steady performance despite global market volatility. The bank continued to show why it’s the solid pillar of Singapore’s financial sector, backed by resilient earnings and consistent dividend payouts.

💹 Uptober Highlights:

• DBS Q3 results remained strong, supported by higher NIMs (net interest margins).

• Dividend yield stays attractive, drawing both local and foreign investors.

• Despite global slowdown worries, DBS balance sheet remains solid with low NPL ratio.

Now, as we head into November, many investors are wondering — can DBS continue to climb or will it consolidate?

With interest rates likely to stay high for a while, DBS could still benefit from stable margins. However, any signal of rate cuts next year may affect its short-term momentum.

⚙️ What to watch in November:

• Fed’s comments on rate direction

• SGD movement vs USD

• Local loan growth & housing demand data

💡 My take:

I’m holding DBS for the long term — solid fundamentals, strong dividends, and it’s the key player in the SGX market. Any dip below $34 looks like a good accumulation zone to me. Patience always pays with quality blue chips. 💪

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