Many discussions lately are all about asking which Singapore bank stock to buy. Share prices of banks have tanked sharply. Emergency rate cuts, coronavirus lingers, oil price war broke out, the circuit breaker triggered, what’s next?
Banks are now trading at attractive yields and price-to-book ratio are hovering around fair value. Which Singapore bank stock (DBS, OCBC, UOB) to buy? How would you go about deciding which to buy?
In answering this question, I have decided to collate all the key financial metrics from 2002 to 2019. Data is extracted from S&P Capital IQ. I will also provide some candour thoughts on the key themes for each bank and the banking sector in general. Take it with a pinch of salt, just my two cents worth.
If you are thinking to add banking stocks into your portfolio, you have come to the right place. Here is everything you need to know about the...