Is DBS Bank A Long-Term "Must Buy?"
What do you first think of when I utter the name " DBS Bank "? Do you think of it as Singapore's Government-Backed Banking Institution? Do you think of your personal financial services provider? Perhaps, you may even think of the company's shares first, frequently touted as a solid pick for one's portfolio. In fact, DBS Bank is the highest-weighted constituent of the Straits Times Index, which is widely regarded as the Singapore Stock Market's benchmark index, weighing at a whopping 19.9% of the entire index. Chances are, you're a DBS client, and since DBS acquired POSB in 1998, POSB clients are DBS ones too. Source: DBS Website This may be going off on a tangent, but I recently opened an account with DBS Bank. I have to admit that the entire process was not pleasant at all... For some reason, after acquiring POSB, my local banking branch was shut down despite catering to a rather large population. I'm not sure what's the rationale behind the...