I’ve been getting a lot of comments from readers on how DBS Bank is the best Singapore stock to buy. With some even going so far as to say that DBS Bank is the only Singapore stock worth buying (and the rest of the money should go into US stocks instead). So I wanted to relook DBS Bank. At 7.1% dividend yield today, is DBS Bank indeed the best Singapore stock to buy – and better than OCBC and UOB Bank? Why DBS Bank is still cheap at this price (1.7x book value)? In one of my previous articles on DBS Bank, I shared that DBS Bank trading at 1.70x book value was a concern for me. We are late in the business cycle, where the next move from the Feds is likely to be an interest rate cut. With uncertainty over global economic growth. And with DBS trading at 1.70x at the higher end of its trading range,...