JeslinToh
2022-07-25

$UNITED OVERSEAS BANK LIMITED(U11.SI)$With rising interest rates, Local banks are positioned to report potential good results in the coming earnings call. 

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Comments

  • DanZillaXD
    2022-07-26
    DanZillaXD
    Banks will always have a way to make money. it's in their nature. investing in them will guarantee profits regardless of the situation.
    • JeslinToh: 
      That’s true! Especially for our 3 local banks
  • pangspurs
    2022-07-26
    pangspurs
    Dbs better
    • JeslinToh: 
      MY biggest bank holding is actually dbs. But it has risen quite abit in the past year, so leaving limited upside as compared to its peers UOB/OCBC.
  • SteadyDoesIt
    2022-07-26
    SteadyDoesIt
    If recession hits, banks are affected too
    • JeslinToh: 
      Yes no one is spared in a recession. But who will rebound fastest is key in picking stocks for accumulation
  • Trainman
    2022-07-25
    Trainman
    also increase in housing loan
    • JeslinToh: 
      Yes indeed. Thats how banks earn money through NIM
  • JSQ
    2022-07-25
    JSQ
    too slow for for my appetite
    • JeslinTohReplyJSQ: 
      Go in in various tranches. Don’t lump sum in. We can’t time the bottom, but DCA in during bear market will give u an edge in the future!
    • JSQReplyJeslinToh: 
      no jeslin, now US market is crashing. Last week it only give a slight rebound. It will going down even more. trust me
    • JeslinToh: 
      Bear market is a good time to diversify into growth stocks as well. US stocks might be a good place to look into.
  • Shan_shine
    2022-07-25
    Shan_shine
    OCBC the fairly priced now
    • JeslinToh: 
      Yes indeed. personally invested in all 3 banks. Looking for another entry point for ocbc.
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