Dear readers, DBS, OCBC Bank and UOB stock have been heading lower in stock prices alike many other Singapore stocks. So just how have these local biggest banking stocks been faring in light of the current stocks markets backdrop? Well, without further ado, let me share with you the below.
DBS stock is now trading at -29.58% in term of 52-week price change. DBS is now undervalued with a price-to-book ratio of 0.897. ROE is 12.595.
OCBC Bank stock is now trading at -24.67% in term of 52-week price change. OCBC Bank stock is now undervalued with a price-to-book ratio of 0.792. ROE is at 10.905.
UOB Bank stock is now trading at -24.34% in term of 52-week price change. UOB is now undervalued with a price-to-book ratio of 0.808. ROE is at 11.245.
With the depressed prices of DBS, OCBC Bank and UOB stock, the dividend yield of these banking stocks have increased to about 6% each, hence I am leaving this metric out in the comparison above since the usual dividend yield may or may not be sustained in the current stocks markets backdrop.
Given the above fundamentals, my pick for a better buy among the banking stocks would be OCBC Bank based on the most undervalued banking pick. My another pick would be DBS stock based on the most declined price in terms of 52-week price change and highest ROE.
But my actual thinking is that there could be better buying opportunities for these stocks at a later date when the stocks markets head more south.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!