
DollarsAndSense.sg
2020-10-29 10:55:12
4 Stocks This Week (Banks Share Price And Dividend Yield) [23 Oct 2020] DBS (SGX: D05); UOB (SGX: U11); OCBC (SGX: O39)
Singapore prides itself on being a financial hub with access to high quality banking and finance companies and talent within the space. Our local banks – DBS (SGX: D05); UOB (SGX: U11); and OCBC (SGX: O39) – are often cited as among the best, safest, strongest, or most innovative banks in the world as well.
These banks are also listed on the Singapore Exchange (SGX) and comprise close to 40% of the Straits Times Index (STI) – our local benchmark index. This makes it attractive to invest in such a strong company, especially when they also provide relatively good and stable dividends to investors.
However, Singapore’s banking sector is also important to all other industries – providing vital payment, loans, investments, and other services to ensure the local economy continues to th