Investing
Initiated Investment in a Foreign Bank With Local Presence
By Live Rich Life Free  •  January 11, 2022
The 3 Singapore banks - DBS Group Holdings Limited (SGX:D05), Oversea-Chinese Banking Corporation Limited (SGX:O39) and United Overseas Bank Limited (SGX: U11) have their share prices recovered to pre-pandemic levels, reflecting the optimism in their future earnings leveraging on  Singapore's economy growth and underpinned by higher interest rates. As an investor, I would love to invest in banks when they are undervalued and dragged down by bad news than during an economic recovery now. Ever since my last purchases in OCBC and UOB in 2020, I have been on the sidelines waiting for opportunity for their share prices to correct and offer value but to no avail. I ponder if it is possible to find value in foreign banks that offer dividends and are as strong and stable as our local banks. Besides the 3 local banks, the top 2 foreign banks with local presence felt are Stanchart and Citibank....
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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