UOB and OCBC’s Share Prices Are Nearing Their 52-Week Lows: Can They Recover?

The Smart Investor2022-07-07

Are the two local banks going to do well in the coming quarters? We delve deeper to bring you the insights.There has been a flurry of worries surrounding the economy in recent months.With the outbreak...

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Comments

  • RS142
    2022-07-07
    RS142
    Buy
  • Sharkie
    2022-07-07
    Sharkie
    although their NIM will improve, they may also have to factor in non performing loans ( or bad debts ) as their clients may face difficulties in repayment. Another factor to consider is the macro outlook. If a recession hits globally, all stocks will drop. As the saying goes, all ships will rise and drop with the tide. So maybe prudent in buy in now and keep more for later. 
  • snowpine2005
    2022-07-07
    snowpine2005
    Yes
  • Success88
    2022-07-07
    Success88
    All In $UNITED OVERSEAS BANK LIMITED(U11.SI)$& $OVERSEA-CHINESE BANKING CORP(O39.SI)$[Miser] [Miser] [Miser] 
  • LesterTan
    2022-07-07
    LesterTan
    If uob & Ocbc can survive Covid, they proved their biz Is solid. Besides, both are at support levels now. It's definitely a buy!
  • LazyTitan
    2022-07-07
    LazyTitan
    During this risky times, these banks are very useful as a defensive stocks. They can definitely ride out this dark time and thrive in future.
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