LOCAL BANKS STOCK

Blessedme
2023-03-02

Among the 3 major banks, investors putting in their monies into these 3 big banks who not only backed by govt and MAS but also has good dividends payout.

As the prices for these banks are very high, to buy 1 lot is about 12,000+ for OCBC, 30K TO 35K for UOB and DBS.

Another cheaper option with good dividends is HONG LEONG FINANCE. Hong Leong Finance has been around many years and they are popular among the Pioneer Generation where they put FD in those days and even now.

My favourite is UOB, DBS AND HONG LEONG FINANCE. As inflation keeps going up, bank stocks are still a safe haven to invest in. However, dont put ALL INTO ONE BASKET. Diversify. 

Happy Investing:)

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Comments

  • Gloria112
    2023-03-02
    Gloria112
    What makes bank stocks a safe haven? Can you explain it more?🤔 Thanks🥰
    • Gloria112ReplyBlessedme: 
      Thx, I get it. So that means the local banks r unlikey to surge, we invest for dividends mostly. It's a HAVEN for our capitals
    • Blessedme: 
      We all put our monies in banks. Banks in SG wont run especially it is backed by govt and MAS. I cannot speak for offshore or merchant banks but our local SG banks are safe to invest.
  • Trevelyan
    2023-03-02
    Trevelyan
    Too expensive to buy. I wonder if they can be cheaper in the future
    • TrevelyanReplyBlessedme: 
      Ahh...no. Don't wanna see that happen... I'll try some...
    • Blessedme: 
      Wait for another disaster or Virus outbreak or 3rd world war, price will tumble down.
    • TrevelyanReplyBlessedme: 
      Yup😊 I can buy more HL than the other two. slow but safe.. And its dividends was good. They are all on my list, just considering...
    • Blessedme: 
      yes i agree with you. Buy small, 200 or 300, then accumulate when you hv more budget. HL would be better but very slow to go up. can be stagnant for few months or low activity trading.
  • hh488
    2023-03-03
    hh488
    The 52 week price diff just 20 CT very range bounced. The only attraction is it's low PB & high DY compared to the banks.
  • CynthiaVogt
    2023-03-02
    CynthiaVogt
    👍Good post. It's suitable for inactive traders to earn stable profits😄
  • Sopan Ardiansah
    2023-03-02
    Sopan Ardiansah
    yes, it is good to try in banking sectors.
  • DouglasMalan
    2023-03-02
    DouglasMalan
    Government could be the strong support of their price🫢?
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