The Singapore market is now very much a vibrant market attracting global Institutional titans & ultra high net worth family offices looking for a safe haven to park their assets.
That is why my answer is A: I am still bullish on $DBS(D05.SI)$ $OCBC Bank(O39.SI)$ & $UOB(U11.SI)$
When DBS launches a campaign to hire 500+ young local professionals to scale its technology & wealth pipelines, it sends a clear message: Singapore is not just surviving the global capital migration, it is systematically dominating it.
Investing my money into our big 3 banks means I am choosing to collect great dividends while waiting for capital growth.
The banks have rewarded me well while the rest of the markets rides a roller coaster.
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- Ah_Meng·08-24 10:30Gee… I heard most of these 500 will be doing sales… investment-linked insurance types… which is something I had experienced buying. Mixed bags of feelings… insurance should be what it is, protection. Investment on the other hand should also be what it is, growth and wealth… mixing both together might appear enticing for many older folks who don’t really know investing and simply want more interest for their savings… if the sales pitch says as it is, I would be fine, since even the non-educated would have been informed. A pity, from my past experiences, sales are sales. There’s always a glorifying package that masks 🎭 the actual product. I can only say that as Singaporeans become more affluent (assets and CPF rich), with cars 🚘 being so expensive, those savings have nowhere to go to, it’s no-brainer for DBS to grab as much of this low-lying fruit 🍈 🍇 as possible, ignoring what happens when an insurance claim really rises. They are the salesperson problem, isn’t it? [Facepalm]LikeReport
- zuma·08-24 07:11thx1Report