The Bedrock of Singapore’s Progress & Development
Singapore may be small but it has big dreams. Trading is its lifeblood so it is imperative to have a trusted, reliable and robust banking infrastructure. Singapore also aspires to be a major financial centre. Established on 16 July 1968, $DBS Group Holdings(D05.SG$ has played an integral role in the Singapore Story, from attracting foreign investments, promoting the setting up of local industries and their continued improvement by supplying liquidity, supporting the settlement of trades by facilitating fund transfers to providing a safe place for Singaporeans to put their savings. Today, it also owns a digital exchange for trading of cryptocurrency for accredited investors.
Despite two admittedly high-profile system downtime incidents in the past year, DBS remains the undisputed leading bank in Singapore with the largest market capitalisation of SGD 82.5 billion. In May, it reported a record quarterly net profit of SGD 2.57billion, up 43% compared to the previous year. DBS is not resting on its laurels. It has set sights on further expansion in China and India.
It is the best performing counter in my portfolio so far. The stock price has been remarkably resilient and I love collecting dividends quarterly. I have no doubt DBS will continue to fly the Singapore flag high as it expands its global footprint.
Happy 58th Birthday, Singapore!
Disclaimer: The above is sharing of my personal experience and opinion. It is not and should not be taken as financial advice. Before making any investment, please do your due diligence or consult your financial adviser.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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aoimizu : DBS a bit too ex already.. have been thinking about SIA but they've climbed quite a bit. Any thoughts?
Dadacai OP aoimizu : Whether a stock is expensive is relative to how much room one thinks it has to grow. Personally I feel DBS can still grow. It is a long term counter for me. As for SIA, I feel the price movement is more voltatile so you may need to rely more on technical analysis to find a suitable price to enter. Also, while tourism is recovering quickly, there is going to be more competition from other airlines as they add capacity. This is not financial advice :)
Mr Pistachio : if your average price is in the teens then it's always going to be a dividend ATM.Cannot sell.
aoimizu Mr Pistachio :
aoimizu : yah the dividend