Market SnapshotSingapore stocks opened higher on Wednesday. STI rose 0.22%; Comwell Reit SGD rose 1.8%; OCBC Bank rose 1.2%; $DBS Group(D05.SI)$ rose 0.8%; $NIO(NIO.SI)$ fell 1.9%; $Sheng Siong(OV8.SI)$ fell 1.2%.Stocks to Watch$OCBC Bank(O39.SI)$: Oversea-Chinese Banking bought back 273,000 shares in the open market on Monday for SG$4.6 million or SG$16.76 apiece, a filing with the Singapore Exchange said on the same day. The bank has been authorized to buy back up to 225.0 million shares under its current mandate. To date it has repurchased 11.3 million shares.$Singapore
All Time Highs! Can SG Banks Continue to Outperform SPX This Year?
DBS, OCBC, and UOB all hit all time highs today and then pullback. The three major banks achieve more than 30% gains in 2024. DBS has risen 52% in 2024—can it maintain this upward trend this year? Are the three major banks the most worthwhile Singapore stocks to buy? What are the best reasons to invest in the three major banks? Can they still outperform S&P 500 in 2025?
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