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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 飛翔2021
    2021-03-12
    飛翔2021
    Continue to hold [得意]
  • RealSpark
    2021-03-12
    RealSpark
    华侨银行的服务很差劲....大华银行和星展银行更好。但我仍然持有华侨银行的股票。
    • TeslawonderReplyTeslawonder: 
      星展银行提供的积极服务是华侨银行所缺乏的？
    • Teslawonder: 
      是的，我同意他们的服务标准有改进的空间。
  • 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
Leave a comment
15
4