At a P/E ratio of 10.26 compared to DBS's 14.49 and OCBC's 12.30, UOB is certainly undervalued and a great buy for bargain hunters.
For investors who believe in UOB's long term ASEAN growth strategy and are comfortable with the perceived risks, UOB's lower P/E ratio offers a larger potential "margin of safety" compared to its more richly valued competitors.
For new investors, a great way to capture this phenomenonal rise in DBS and OCBC, is to invest in $STI ETF(ES3.SI)$ which represents all 3 banks at a low cost.
Congratulations to all who have invested in DBS & OCBC.๐
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