DBS, UOB and OCBC: Which of These 3 Banks Should You Buy?

The Smart Investor03-06

The earnings season is officially over.Some of the best results this season were delivered by the trio of local banks as they saw their top and bottom lines surge in tandem with rising global interest...

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JilQ
·03-06
Can somebody please suggest the best price to buy for the three banks?
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1PC
·03-06
Great sharing[Cool] I follow chart 📈 to choose. Vested with both DBS and UOB [Call] [Allin]
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3
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setia100
·03-06
Lowest risk stocks ❗😂
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Success88
·03-06
OCBC is the lowest share price amount all 3 bank. OCBC reports record net profit of S$7.02 billion for FY2023 (27% increase). Bank increases dividend by 12% to 82 cents per share. OCBC establishes new division for strategy, innovation, and sustainability. I will choose OCBc @MillionaireTiger @TigerStars @TigerEvents @Daily_Discussion @Tiger_SG @Tiger_comments
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Ironlady
·03-06
I just topped up on DBS and OCBC shares. [Miser]
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Deshost
·03-06
Which bank? May I share my little view? Some may called the banks old fashioned stocks and unexciting. Generative AI, electric cars, are some favourable new fad. So, should we ignore the banks or just choose one? My take is to get all if you can. Or else in ascending alphabetical order I e DBS, OCBC and UOB. Btw, I own all 3 and looking to add whether price is right. Without the banks, generative AI or electric car ventures cannot operate efficiency as funds come mainly from the banks and financial transactions are carried out with the banks, right? All 3 local banks unlike those in the US, particularly regional and rural ones are safe with their prudent strategies and reserve requirement. N Being a small island state, Sg cannot afford failure of the banking system and hence th
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- SamSha:
  Dbs
  03-09
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Nana30
·03-06
I've both DBS and UOB...
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href=https://thesmartinvestor.com.sg/dbs-uob-and-ocbc-which-of-these-3-banks-should-you-buy/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The earnings season is officially over.Some of the best results this season were delivered by the trio of local banks as they saw their top and bottom lines surge in tandem with rising global interest...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/dbs-uob-and-ocbc-which-of-these-3-banks-should-you-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0251143029.SGD","symbol_name":"Fidelity ASEAN 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SGD-H1","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999001135.SGD":"United ASEAN Fund SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD"},"translate_title":"星展银行、大华银行和OCBC银行：你应该买这三家银行中的哪一家？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIR":1,"U11.SI":1,"ROE":1,"O39.SI":1,"NIM":1,"DBS":1,"D05.SI":1},"content_text":"The earnings season is officially over.Some of the best results this season were delivered by the trio of local banks as they saw their top and bottom lines surge in tandem with rising global interest rates.Singapore’s largest bank, DBS Group (SGX: D05), pulled off an impressive performance with its 2023 net profit passing the S$10 billion mark for the first time.The other two blue-chip banks also fared well.United Overseas Bank Ltd (SGX: U11), or UOB, reported a record high net profit while OCBC Ltd (SGX: O39) saw its net profit hit S$7 billion for the first time.With all three banks reporting record results, which should you pick for your portfolio?Financial performanceFirst, we look at each bank’s financial performance.DBS Group takes the cake with a 22.3% year-on-year jump in total income, the highest among the three banks.However, when it comes to net profit, OCBC recorded the highest year-on-year jump at 27.1%.OCBC also registered a 28.5% year-on-year growth in operating profit before allowances.Winner: OCBCNIMs and loan growthMoving on to each bank’s loan book and net interest margin (NIM), we find that loan growth remains tepid for all three banks.DBS and OCBC both registered just a small 0.4% year on year increase in loans while UOB did slightly better at 0.5% year on year.Surging interest rates helped to boost all the banks’ NIMs for 2023, with DBS seeing the sharpest rise of 0.4 percentage points from 1.75% in 2022 to 2.15% in 2023.However, DBS’s NIM for the fourth quarter of 2023 (4Q 2023) was a tad lower than the 3Q 2023’s 2.19%.UOB’s NIM was also slightly lower quarter-on-quarter at 2.02% for 4Q 2023.Only OCBC managed to register a quarter-on-quarter NIM increase, ending at 2.29% for 4Q 2023 and 2.28% for the year.OCBC’s 2023 NIM was also the highest among the three banks.Winner: OCBCCost-to-income ratioNext, we look at each bank’s cost-to-income ratio (CIR).CIR is calculated as the expenses of the bank divided by its total income, so a lower CIR indicates that a bank’s operations are more efficient.All three banks saw their CIR decline year on year as total income rose faster than expenses.However, the final quarter of the year will typically see higher CIR as the bank makes provision for bonuses for their staff.OCBC has the lowest CIR among the three banks for both 4Q 2023 and the full year, making it the clear winner here.Winner: OCBC Return on equity (ROE)Next, we look at the all-important return on equity (ROE) metric.Return on equity measures the net profit generated per dollar of equity of the company and is a measure of profitability per dollar of capital.DBS not only had the highest ROE among the trio of banks at 18% but also saw the largest year-on-year increase at three percentage points.Winner: DBS GroupNon-performing loans (NPL) ratioThe non-performing loans ratio (NPL ratio) looks at the proportion of loans within a bank’s loan book that are non-performing (i.e. cannot be serviced by borrowers).Once again, OCBC holds the crown for having the lowest NPL ratio.It also enjoyed the biggest improvement in its NPL ratio over the year with a 0.2 percentage point reduction.Winner: OCBCDividend yieldIncome investors will love this next characteristic – the dividend yield for each bank.The good news is that all three banks raised their year-on-year dividends in tandem with their robust financial results.Of the three, OCBC has the highest trailing 12-month dividend yield of 6.3%.However, investors should note that DBS raised its quarterly dividend to S$0.54 from 4Q 2023 onwards.On a projected 2024 dividend of S$2.16, DBS provides a forward dividend yield of 6.4%.In addition, DBS also declared a 1-for-10 bonus issue of shares with the new shares being entitled to the increased dividend.When adjusted for this bonus issue, DBS’s dividend yield rises to 7.1%Winner: DBS GroupValuationFinally, we look at each bank’s valuation to determine if their shares are cheap, or expensive.Of the three, UOB has the lowest price-to-book ratio at 1.08 times, which was a tad lower than 1.1 times back in November 2023.OCBC’s valuation has also come down slightly from 1.14 times price-to-book to just 1.1 times.Only DBS sports the same valuation as it did back in November at 1.45 times price-to-book.Winner: UOBGet Smart: OCBC is the winnerTallying up all the attributes makes OCBC the clear winner.However, income investors may wish to own DBS which sports the highest dividend yield.You also need to look at each bank’s plans and prospects to decide which bank fits best in your investment portfolio.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":281284681699448,"gmtCreate":1709697676434,"gmtModify":1709697680243,"author":{"id":"3585275877804031","authorId":"3585275877804031","name":"JilQ","avatar":"https://static.tigerbbs.com/7cb3139dd245c3734bfe1d9a9064f8d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3585275877804031","idStr":"3585275877804031"},"htmlText":"Can somebody please suggest the best price to buy for the three banks?","listText":"Can somebody please suggest the best price to buy for the three banks?","text":"Can somebody please suggest the best price to buy for the three banks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281284681699448","repostId":2417471039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":281283354345744,"gmtCreate":1709697268853,"gmtModify":1709697274165,"author":{"id":"3574752437126777","authorId":"3574752437126777","name":"1PC","avatar":"https://community-static.tradeup.com/news/d93d931cb700e24c910644542320e877","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3574752437126777","idStr":"3574752437126777"},"htmlText":"Great sharing[Cool]&nbsp;&nbsp;I follow chart 📈 to choose. Vested with both DBS and UOB&nbsp;[Call]&nbsp;&nbsp;[Allin]&nbsp;&nbsp;","listText":"Great sharing[Cool]&nbsp;&nbsp;I follow chart 📈 to choose. Vested with both DBS and UOB&nbsp;[Call]&nbsp;&nbsp;[Allin]&nbsp;&nbsp;","text":"Great sharing[Cool] I follow chart 📈 to choose. Vested with both DBS and UOB [Call] [Allin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281283354345744","repostId":2417471039,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":281279951032592,"gmtCreate":1709696437966,"gmtModify":1709696441451,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3567852837945728","idStr":"3567852837945728"},"htmlText":"Lowest risk stocks ❗😂","listText":"Lowest risk stocks ❗😂","text":"Lowest risk stocks ❗😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281279951032592","repostId":2417471039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":281250221600872,"gmtCreate":1709695541248,"gmtModify":1709695546601,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4101948424484190","idStr":"4101948424484190"},"htmlText":"OCBC is the lowest share price amount all 3 bank. OCBC reports record net profit of S$7.02 billion for FY2023 (27% increase). Bank increases dividend by 12% to 82 cents per share. OCBC establishes new division for strategy, innovation, and sustainability. I will choose OCBc <a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/3527667667103859\">@TigerEvents</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/4106547232749330\">@Tiger_SG</a> <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a>&nbsp;","listText":"OCBC is the lowest share price amount all 3 bank. OCBC reports record net profit of S$7.02 billion for FY2023 (27% increase). Bank increases dividend by 12% to 82 cents per share. OCBC establishes new division for strategy, innovation, and sustainability. I will choose OCBc <a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/3527667667103859\">@TigerEvents</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/4106547232749330\">@Tiger_SG</a> <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_comments</a>&nbsp;","text":"OCBC is the lowest share price amount all 3 bank. OCBC reports record net profit of S$7.02 billion for FY2023 (27% increase). Bank increases dividend by 12% to 82 cents per share. OCBC establishes new division for strategy, innovation, and sustainability. I will choose OCBc @MillionaireTiger @TigerStars @TigerEvents @Daily_Discussion @Tiger_SG @Tiger_comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281250221600872","repostId":2417471039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":281272841830688,"gmtCreate":1709694765882,"gmtModify":1709695084742,"author":{"id":"4108525262154890","authorId":"4108525262154890","name":"Ironlady","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"4108525262154890","idStr":"4108525262154890"},"htmlText":"I just topped up on DBS and OCBC shares.&nbsp;[Miser]&nbsp;&nbsp;","listText":"I just topped up on DBS and OCBC shares.&nbsp;[Miser]&nbsp;&nbsp;","text":"I just topped up on DBS and OCBC shares. [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281272841830688","repostId":2417471039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":281270034051072,"gmtCreate":1709694067122,"gmtModify":1709708655762,"author":{"id":"4090382051893560","authorId":"4090382051893560","name":"Deshost","avatar":"https://community-static.tradeup.com/news/7a8c57f0d0e18dca8d6ab148e9f7acce","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"4090382051893560","idStr":"4090382051893560"},"htmlText":"Which bank? May I share my little view? Some may called the banks old fashioned stocks and unexciting. Generative AI, electric cars, are some favourable new fad. So, should we ignore the banks or just choose one? My take is to get all if you can. Or else in ascending alphabetical order I e DBS, OCBC and UOB.&nbsp; Btw, I own all 3 and looking to add whether price is right. Without the banks, generative AI or electric car ventures cannot operate efficiency as funds come mainly from the banks and financial transactions are carried out with the banks, right? All 3 local banks unlike those in the US, particularly regional and rural ones are safe with their prudent strategies and reserve requirement.&nbsp; N Being a small island state, Sg cannot afford failure of the banking system and hence th","listText":"Which bank? May I share my little view? Some may called the banks old fashioned stocks and unexciting. Generative AI, electric cars, are some favourable new fad. So, should we ignore the banks or just choose one? My take is to get all if you can. Or else in ascending alphabetical order I e DBS, OCBC and UOB.&nbsp; Btw, I own all 3 and looking to add whether price is right. Without the banks, generative AI or electric car ventures cannot operate efficiency as funds come mainly from the banks and financial transactions are carried out with the banks, right? All 3 local banks unlike those in the US, particularly regional and rural ones are safe with their prudent strategies and reserve requirement.&nbsp; N Being a small island state, Sg cannot afford failure of the banking system and hence th","text":"Which bank? May I share my little view? Some may called the banks old fashioned stocks and unexciting. Generative AI, electric cars, are some favourable new fad. So, should we ignore the banks or just choose one? My take is to get all if you can. Or else in ascending alphabetical order I e DBS, OCBC and UOB. Btw, I own all 3 and looking to add whether price is right. Without the banks, generative AI or electric car ventures cannot operate efficiency as funds come mainly from the banks and financial transactions are carried out with the banks, right? All 3 local banks unlike those in the US, particularly regional and rural ones are safe with their prudent strategies and reserve requirement. N Being a small island state, Sg cannot afford failure of the banking system and hence th","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":117,"commentSize":1,"repostSize":5,"link":"https://ttm.financial/post/281270034051072","repostId":2417471039,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":282183412895840,"gmtCreate":1709920946303,"gmtModify":1709936813041,"authorId":4106690137775640,"author":{"id":4106690137775640,"idStr":"4106690137775640","authorId":4106690137775640,"name":"SamSha","avatar":"https://community-static.tradeup.com/news/e3100bded4be9d5f657f6dabc183dc83","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":281270034051072,"type":1,"supId":0,"prevId":0,"content":"Dbs","text":"Dbs","html":"Dbs"}],"langContent":"EN"},{"id":281263046426808,"gmtCreate":1709692285266,"gmtModify":1709692289169,"author":{"id":"4117957040918852","authorId":"4117957040918852","name":"Nana30","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"4117957040918852","idStr":"4117957040918852"},"htmlText":"I've both DBS and UOB...&nbsp;","listText":"I've both DBS and UOB...&nbsp;","text":"I've both DBS and UOB...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281263046426808","repostId":2417471039,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":25,"commentSize":7,"repostSize":6,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}