As we all know, Singapore stocks have been underperforming global markets for many years. The Singapore market ETF, STI ETF is still below its 5-years high. In fact, the highest STI ETF ever achieved was $3.96 in 2007 and STI ETF has never broken this record since then.
Past 5 Years price chart for STI ETF
Since about 46% weightage of STI ETF is from the three local banks – DBS, OCBC and UOB, we shall examine these Singapore bank stocks are worth investing in and holding for the long term.
I had share 5 key criteria I use to analyse these bank stocks previously, you can read that article here.
Past 5 Years price chart for DBS, OCBC and UOB
DBS vs OCBC vs UOB past 5 year returns
The following are the return table for the past 5 years, from August 2016 – August 2021:...