facebookWe see longer-term upside for Singapore Bank stocks but the sector is looking short-term overbought. OCBC is currently my preferred choice. What about you? - Seedly

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Anonymous

04 Dec 2020

Stocks

We see longer-term upside for Singapore Bank stocks but the sector is looking short-term overbought. OCBC is currently my preferred choice. What about you?

Are you optimistic or pessimistic about Singapore banks?

Discussion (2)

What are your thoughts?

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The competition is heating up with the digital bank licenses given to SEA ltd, Grab etc.. So a bit skeptical about the long-term outlook of traditional banks in Singapore. But I believe DBS and OCBC will continue to do well in the short to medium term given their investments in digital landscape.

Disclosure: Invested in DBS

3 banks in sg are very safe. If the banks go downtrend our govt will panics, the G-man wont let it happen. Very optimistic. Slow & steady.

As you mention, currently is overbought. I stop DCA to bank. And DCA to industrial Reits which is currently red.

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