Any thoughts on our 3 local banks - DBS, UOB & OCBC after MAS has announced the 60% cap on dividend? All 3 banks are on the downtrend and with the release of financial results on 6 Aug, we might be seeing some fluctuation of the price. Any thoughts?

Well the 3 banks aren’t making losses. They aren’t cutting dividends because they are making losses but because they are being told to. This is in contrast to overseas banks cutting dividends on their own accord because they can’t afford it. In the short term, the market is a voting system and the fluctuations in price is illustrative of that. If you believe that the banks can perform well in the long term then you should just stay invested. DBS being one of the safest banks globally, I am not personally worried about the recent drop and will continue to dollar cost average into the STI.

Here’s the video I watched that is relevant to your question: https://youtu.be/rx-yevSYV3E