Dear readers, it has been some time since we last discussed the three banking stocks in DBS, OCBC and UOB stocks. So let us take a quick look at these three stocks in this post.
From the technical analysis point of view, none of the three stocks is in the Oversold region. OCBC stock is the only banking stock which is currently trading below the longer-term 200-Days-Moving-Average. This means, according to technical literature that OCBC stock is still rather bearish. We must however note that OCBC stock is making some strides north in the recent sessions.
Fundamentally, OCBC stock is the most undervalued right now with a Price-to-Book (P/B) ratio of 1.024 compared with 1.299 for DBS stock and 1.109 for UOB stock. Dividend-wise, both three bank stocks have similar dividend yields at around 4% per annum.
So, is OCBC stock considered cheap now from the technical and fundamental points of view? Is OCBC stock a Better Buy right now? In my opinion, it remains to be seen how the three banking stocks could continue to make new highs in the rather volatile stock markets. And for investors looking at dividends, there are safer plays with similar or close to similar returns that investors could consider, one of which is the rather diversified STI ETF. Investors could choose to invest in the STI ETF at the most opportune time.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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