Thursday, September 14, 2017

DBS, OCBC, UOB: which is a BEST BUY NOW?

DBS, UOB, OCBC stockIt has been some time since we last discussed banking stocks. So now without further ado, let us turn our investing focus on the three largest banking stocks on SGX: DBS, UOB and OCBC.

DBS currently trades at $20.38 per share, with a dividend yield of 3.08% and at a Price-to-Earning ratio of 12.06. OCBC currently trades at $11.02 per share, with a dividend yield of 3.28% and at a Price-to-Earning ratio of 12.29. For UOB which trades at $23.22 per share, its dividend yield is 2.98% and at a Price-to-Earning ratio of 12.63.

Interestingly, the Price-to-Earning ratio for the three stocks is similar. A look at the technical charts of the three stocks suggests that they have been enjoying the rally in stock prices. Should the US Federal Reserves continue to increase inflation rate, yes, this will stand the banking stocks in good stead, provided that their exposure to non-performing loans continue to improve as well.

All three banking stocks while being quality bank stocks still are in my opinion not at the most attractive price to buy now. In fact, the stock price of each of the above stocks have started to head south and it is not clear whether this trend will continue. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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