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Will Singapore Bank (DBS, OCBC, UOB) Shares Keep Rising?
By Live Rich Life Free  •  September 15, 2024
The recent performance of Singapore's major banks has been impressive, with their shares hitting all-time highs. As at time of writing, DBS Group (SGX: D05) and Oversea-Chinese Banking Corporation (OCBC) both achieved record share prices, with DBS surpassing S$38 per share and OCBC reaching S$15.28. United Overseas Bank (UOB) also performed strongly, hitting an all-time high of S$32.64 during the same period. The surge in share prices has been attributed to several factors, including high interest rates that boost net interest income, positive earnings reports, and investor optimism ahead of upcoming financial results. he overall performance of these banks has significantly contributed to the Straits Times Index (STI), which itself reached a one-year high, reflecting the banks' substantial market presence. However, the question remains: will this upward trend continue? Several factors need to be considered, including dividend yield, payout ratio, and the potential impact of interest rate cuts. Current Performance and Dividend Yield...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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