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My CNAV Analysis of Three Local Banks
By Invest Openly  •  October 31, 2014
As openly requested by one of my favourite pioneer retail investor-cum-blogger (CW8888) to do a CNAV (Conservative Net Asset Value) Analysis on our local banks i.e. DBS (D05), UOB (U11) and OCBC (O39), I am more than happy to accede to his request and hence this post (even though on the top of my head, I more or less know result that I am about to get).
It took me about 30 minutes to obtain the details and compiled the following summary (source of data : Yahoo Finance Singapore) :
In short, all three banks "failed" my CNAV test. It is not because they are not good enough but simply because they are not "convervative" enough ;-) Of cource, if you are looking at the counters from another investing strategy, the outcome might be totally different.
Cheers!
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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