Over the last week alone, we had close to 30 people join our online Singapore Banks Investing Masterclass. Thanks to everyone and a warm welcome for everyone whose joined so far!
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Even with their recent rally, Singapore Banks are trading at all time lows in valuations.
On a Price-to-Book basis, all three banks trade at valuations only seen in the most distressed of times like the the Great Financial Crisis in 2008 and the Oil & Gas / China Slowdown of 2016.
On a dividend yield basis, they all trade in excess of 6%.
Even if you impute at 20% cut in dividend, this is still well in the 5% range which is very compelling.
Are Dividends Sustainable?
The number one question when looking at high dividend yielding stocks is always to ask whether the