This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has 1433 followers.
Besides DBS (you can check out my summary of its latest Q3 and 9M FY2020 results here), Overseas-Chinese Banking Corporation or OCBC (SGX:O39) also provided its business updates for the third quarter as well as for the first 9 months of the financial year 2020 (ended 30 September 2020) early this morning before trading hours.
As a shareholder of the longest established bank in Singapore, I have studied the related documents and in this post, you will find a summary of the bank’s latest financial statistics, key financial ratios, along with my personal thoughts to share.
Let’s get started…
Key Financial Statistics (Q3 FY2019 vs. Q3 FY2020, and 9M FY2019 vs. 9M FY2020)
In this section, I will be doing a comparison of the bank’s key financial statistics both on a quarter-on-quarter (q-o-q) basis (i.e. Q3 FY2019 vs. Q3 FY2020)