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Earlier this month, I wrote an article on OCBC where I had revisited its financial results and assess its investment potential with several valuation tools. I found:
OCBC’s Key Statistics (1 December 2018):
Stock Price P/E Ratio PEG Ratio P/B Ratio Dividend Yield S$ 11.26 10.35 1.03 1.20 3.29%
I ended my article with a question: ‘Is this a good time to buy OCBC?’. I believe, the answer lies in a comparison between OCBC with both DBS and UOB. Hence, I did a study on UOB and would like to share my findings in this article.
Therefore, here are 7 things to know about UOB before you invest.
#1: Asset Quality
For the last 10 years, UOB has increased its portfolio of customers loan from S$ 99.8 billion in 2008 to S$ 232.2 billion in 2017. Initially, the bank has achieved a gradual fall in non-performing loans (NPL)