Invest
Year in Review: Can Bank Stocks Return to Their All-Time Highs in 2021?
By The Smart Investor  •  December 17, 2020
The mainstream financial media loves to talk about our local bank stocks. And I don’t deny that these stocks are also my personal favourite. It’s a question that has been repeated ad nauseum. “Should I sell DBS Group?” “What bank should I buy?” “Do you think banks will keep going up? And I can understand why. After all, the three biggest banks in Singapore make up close to 40% of the Straits Times Index (STI). It’s natural for investors to be curious. And frankly, there’s good reason to do so, since these banks are the key pillars of Singapore’s economy. So, here’s a good breakdown on the potential growth drivers for our local banks come 2021. Wealth management poised for strong growth Singapore is a growing financial hub. A Deloitte International Wealth Management Centre Ranking in 2018 puts Singapore as the second-largest wealth hub in Asia, behind Hong Kong....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance