More reasons to invest in DBS, OCBC and UOB.
By A Singaporean Stockmarket Investor (ASSI)  •  May 17, 2023
For readers who prefer reading, this is the transcript of a video I produced yesterday sharing more reasons why I am staying invested in Singapore banks? During "Evening with AK and friends 2023" which happened last Wednesday on 10 May, I said I was staying invested in Singapore banks and would look to buy more on any significant weakness in their stock prices. This is because Singapore banks still remain very profitable businesses despite challenges. In several blogs and videos which I produced, I said that Net Interest Margins for DBS, OCBC and UOB likely peaked in Q1 2023. Funding cost has finally caught up which will squeeze the said margin. However, the banks will still benefit from the expanded net interest margin on a full-year basis. For example, OCBC said in their Q1 2023 report that they expect Net Interest Margin to average 2.2% for the whole year. This is higher than 1.55% for Q1 2022 last year....
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By A Singaporean Stockmarket Investor (ASSI)
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