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. 💪
#DBS #SingaporeStocks #Uptober #NovemberEffect #TigerBrokers #DividendStocks
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