@lupyuen "Valuable" is misleading; "Highest MarketCap" should be the term used.

Banks provide relatively little value, and the high marketcap for them is essentially a reflection of the risk averse mentality among SEA investors.

Bank stocks and real-estate are the preferred investments, because they are "safe". Experienced that first hand, seeking investments for various high tech endeavors 20 years ago, where they asked for "guarantees of 10% annual return" rather than "100x Unicorn Value".