Teslawonder
2021-03-11

$OVERSEA-CHINESE BANKING CORP(O39.SI)$

The banks, which make up around 40% of the Straits Times Index, saw their earnings fall in 2020 due to the economic uncertainties brought about by the ** pandemic. 

For instance, DBS, the largest bank amongst the trio, saw its net profit fall 26% year-on-year. 

However, with the gradual improvement in consumer sentiments and business confidence, the banks are likely to see better days ahead. 

A non-performing loan is a loan on which the borrower is unable to pay off interest or the principal amount. The lower the ratio, the better it is for a bank.

For 2020, OCBC had the lowest NPL ratio of 1.5% among the banking trio.

OCBC seems to offer the best value among the three banks with its lowest price-to-book and price-to-earnings ratios.

However, it loses out to the other banks in terms of dividend yield. 

What will be your opinion for $OVERSEA-CHINESE BANKING CORP(O39.SI)$? 

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Comments

  • 飛翔2021
    2021-03-12
    飛翔2021
    Continue to hold [得意]
  • RealSpark
    2021-03-12
    RealSpark
    OCBC banking service sucks.... UOB and DBS is better. But I still own OCBC stocks.
    • TeslawonderReplyTeslawonder: 
      what is the positive service DBS provide that OCBC lack of?
    • Teslawonder: 
      Yeah i do agree their service standards do have room for improvement.
  • Sam87
    2021-03-17
    Sam87
    How do you compare ocbc with other sg banks such as dbs and uob?
    • Teslawonder: 
      so which bank do you favour among the 3?
    • Teslawonder: 
      i would say the dividend policy is not as good. what is good about ocbc might be pb ratio. It is not too costly.
  • AriesGold
    2021-03-17
    AriesGold
    worth getting this stock
    • Teslawonder: 
      Yes. what do you think ocbc price will go?
  • Teslawonder
    2021-03-16
    Teslawonder
    Any opinion for OCBC in terms of future direction or others?
  • A68
    2021-03-12
    A68
    HOld
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