Hi there, im interested to purchase SG local banks stocks, but the pricing are so high esp DBS. Is it ok to invest in Nikko AM as they invest around 40+% in SG banks? Thanks

DBS is the most expensive counter, while OCBC is the least, at slightly more than one-third the price of DBS or about 40%. That should be affordable, and if still too expensive to buy one lot (1,000 shares), you can buy 100 shares, but the broker's commission is high unless you can trade online where some platforms do not charge brokerage fee or a small fee without a minimum charge. Dividend yield for OCBC IS slightly higher than UOB or DBS, but opportunity for capital gains are poorer as OCBC shares don't swing vigorously like DBS.

It's better to buy the bank stocks (100% vs 40+%), current dividend yield is ~3% which i think is quite attractive.

​

May be start with OCBC since the price is lower than the other 2 local banks. lot size is 100 shares now so you can start to accumulate once you save up about 1.4K.