tag:blogger.com,1999:blog-7944902213075756335.post2603693189993207728..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): DBS, OCBC and UOB at 40% of portfolio?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-7944902213075756335.post-45866519084922411832022-11-05T17:18:51.858+08:002022-11-05T17:18:51.858+08:00Hi GP,
Please see my replies to comments from S A...Hi GP,<br /><br />Please see my replies to comments from S A above. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72099000907621142952022-11-05T16:03:43.221+08:002022-11-05T16:03:43.221+08:00AK,
What is the good entry price for UOB and OCBC?...AK,<br />What is the good entry price for UOB and OCBC? GPhttps://www.blogger.com/profile/05318124113056750190noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-49120605084490071792022-11-03T15:22:33.384+08:002022-11-03T15:22:33.384+08:00Hi S A,
You so tricky. LOL.
I am going to side s...Hi S A,<br /><br />You so tricky. LOL.<br /><br />I am going to side step that by saying I don't think OCBC and UOB are expensive now.<br /><br />Of course, they could get cheaper. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69752933459287754772022-11-03T15:10:48.581+08:002022-11-03T15:10:48.581+08:00Thanks for your opinions, would u mind sharing wha...Thanks for your opinions, would u mind sharing what price points are considered cheap for the 3 banks?S Ahttps://www.blogger.com/profile/13325204903155144748noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65313826407261080112022-11-03T13:24:35.124+08:002022-11-03T13:24:35.124+08:00Hi S A,
All 3 local lenders are well capitalized ...Hi S A,<br /><br />All 3 local lenders are well capitalized and well managed.<br /><br />DBS looks like it is the most highly valued.<br /><br />OCBC and UOB are trading closer to their book values.<br /><br />After the recent run up in prices, some consolidation is ongoing which might see prices declining to test supports.<br /><br />Won't be surprised to see a 2% or so decline in prices AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31555394167179543372022-11-03T12:52:16.904+08:002022-11-03T12:52:16.904+08:00Hi AK, may i know your opinions on the local 3 ban...Hi AK, may i know your opinions on the local 3 banks.. what are your comfortable entry price range for these 3 banks u r adding into your portfolio?S Ahttps://www.blogger.com/profile/13325204903155144748noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26318343541299936742022-10-30T17:12:58.100+08:002022-10-30T17:12:58.100+08:00Hi Eddy,
Thanks for sharing this.
Absolutely agr...Hi Eddy,<br /><br />Thanks for sharing this.<br /><br />Absolutely agree.<br /><br />After all, our 3 local lenders form 50% of the STI.<br /><br />If they go kaput, so does the STI. ;p<br /><br /><a href="https://www.youtube.com/watch?v=jXCsXi4lPcM&t=4s" rel="nofollow">Stay invested in DBS, OCBC and UOB.</a><br /><br /><a href="https://www.youtube.com/watch?v=sWU1OJCwqeY&t=4s" rel="AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18340947273798859752022-10-30T16:43:51.914+08:002022-10-30T16:43:51.914+08:00Hi AK,
Just like to share an interesting (long) a...Hi AK, <br />Just like to share an interesting (long) article published two days ago by BT, interviewing the MAS chief, Ravi Menon. <br />I must say that this is a very good reading article for investors that have exposure in banking and financial stocks. <br />In summary, I’m rather optimistic that with our dai-gor, MAS - the central bank ‘watching, guiding & backing’ behind our three local Eddyhttps://www.blogger.com/profile/16972139042417203588noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30834240176548230862022-10-28T12:29:27.249+08:002022-10-28T12:29:27.249+08:00Hi Yv,
Welcome to the club, fellow shareholder. :...Hi Yv,<br /><br />Welcome to the club, fellow shareholder. :D<br /><br />We could see a case of sell on news which is when a stock goes down after announcing positive results because the positive news has been baked into the higher price.<br /><br />After all, OCBC will be paying dividend only half a year or so from now.<br /><br />Traders could take profit in the meantime.<br /><br />Not that itAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58498200523743341762022-10-28T12:13:01.177+08:002022-10-28T12:13:01.177+08:00Hi AK, Siew Mun
Happy for you.
I have invested...Hi AK, Siew Mun <br /><br />Happy for you. <br /><br />I have invested in OCBC recently as well, so hope it will bear good fruit next week.<br />Yvhttps://www.blogger.com/profile/16313624388420120108noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53528931618070057152022-10-28T10:50:20.349+08:002022-10-28T10:50:20.349+08:00Hi Eddy,
I increased my investment in UOB by arou...Hi Eddy,<br /><br />I increased my investment in UOB by around 19% in the last two weeks.<br /><br />Very pleased with the results. :D<br /><br />I also increased my investment in OCBC by around 11% in the same period.<br /><br />Hope OCBC does not disappoint. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23322799620894136282022-10-28T10:19:07.350+08:002022-10-28T10:19:07.350+08:00Hi AK, I’ve further increased my investment in UOB...Hi AK, I’ve further increased my investment in UOB during their recent low share prices. <br />Wonderful results. I guess higher profits to come in the quarters ahead, and also for all three local banks. 👍🏼🤞🏼🙂<br /><br />https://www.theedgesingapore.com/capital/results/uob-posts-record-high-earnings-14-bil-3qfy2022-34-y-o-yEddyhttps://www.blogger.com/profile/16972139042417203588noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63184370163035625192022-10-19T13:38:00.487+08:002022-10-19T13:38:00.487+08:00Hi SL,
It is dangerous for me to say more but I c...Hi SL,<br /><br />It is dangerous for me to say more but I can repeat what I have already said before since it is already in the public sphere.<br /><br />You might be interested in a blog I published in September on IREIT Global.<br /><br /><a href="https://singaporeanstocksinvestor.blogspot.com/2022/09/ireit-global-is-bargain-short-term-pain.html" rel="nofollow">IREIT Global is a bargain.</a><AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79924242260723924862022-10-19T13:25:43.920+08:002022-10-19T13:25:43.920+08:00Hi AK,
when you mentioned some reits are trading ...Hi AK, <br />when you mentioned some reits are trading at distressed price, can you share what are the reits that you are looking at? SLhttps://www.blogger.com/profile/01513224020666069929noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45828761593853034932022-10-15T09:30:20.479+08:002022-10-15T09:30:20.479+08:00Hi SN,
Looking at both NAV and dividend yield mak...Hi SN,<br /><br />Looking at both NAV and dividend yield makes sense.<br /><br />You are right that dividend yield is an important consideration as I invest for income but I also want to buy something that could potentially be more rewarding in the future.<br /><br />OCBC looks like it is the best capitalized when we look at CET1 ratio and has room to increase dividends.<br /><br />I mentioned itAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36107853802568908542022-10-15T01:19:21.993+08:002022-10-15T01:19:21.993+08:00Hi AK,
When planning to raise your position in th...Hi AK,<br /><br />When planning to raise your position in the banks, do you look at the book value/dividend yield, or do you have other useful indicators to decide when to buy? as you invest primarily for passive income, will dividend yield be your key consideration?<br /><br />For DBS, will $29-$30 be an attractive price to add? Previously it went below $30 in June to July, and seems to have a SNhttps://www.blogger.com/profile/07678062705403391706noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91679134703647751072022-10-14T17:50:16.546+08:002022-10-14T17:50:16.546+08:00Hi Garudadri,
The Great Singapore Sale this year ...Hi Garudadri,<br /><br />The Great Singapore Sale this year has extended to the stock market, it seems. ;p<br /><br />Rising interest rate provides a strong tailwind for the three local banks but like you have said, a deep recession would throw a spanner in the works.<br /><br />Although we could make a case that local banks are very well capitalized and are more likely than not able to weather AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55057166897204711662022-10-14T17:20:19.413+08:002022-10-14T17:20:19.413+08:00Dear AK
Nice to hear from you again
I agree and ho...Dear AK<br />Nice to hear from you again<br />I agree and hold not only SG banks but also US Aussie UK and Chinese banks as well for the past few years. My biggest investment is in SG banks and overall agree with the investment hypothesis as regards NIM expansion. Nevertheless, if there is going to be a deep recession, all three banks will drop significantly and as I see now, the three banks are garudadrihttps://www.blogger.com/profile/07273149723239809144noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52441513551358127482022-10-14T15:05:36.271+08:002022-10-14T15:05:36.271+08:00Hi Eddy,
Yes, I very much agree that cash flow is...Hi Eddy,<br /><br />Yes, I very much agree that cash flow is the most important thing to consider when it comes to investment decisions for people close to or already in retirement.<br /><br />This is one reason why I keep saying that it is never my way or the highway as there are many people who don't seem to understand why I do things the way I do.<br /><br />Fortunately, I started the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62050745159677778662022-10-14T14:49:05.381+08:002022-10-14T14:49:05.381+08:00Good afternoon, AK!
I agree with u. In fact this i...Good afternoon, AK!<br />I agree with u. In fact this is one of the safer & long-term investment’s strategy in light of global economic uncertainty. <br />Our SG three local banks have a good & continuous dividend’s payout history for decades, even during economic recessions. Thus, ensuring continuous cash flow/income is of utmost importance. Especially if one’s is in retirement or Eddyhttps://www.blogger.com/profile/16972139042417203588noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59713437427681549552022-10-14T11:40:59.874+08:002022-10-14T11:40:59.874+08:00Hi Verseun,
My investing is limited to what is av...Hi Verseun,<br /><br />My investing is limited to what is available in the Singapore stock market.<br /><br />So, I don't have an opinion on US banks or Chinese banks, for examples.<br /><br />For sure, a low operating leverage is a good thing and going digital has certainly helped DBS, OCBC and UOB.<br /><br />This trend is likely to strengthen.<br /><br />As for banking being a sticky AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83876943015699997622022-10-14T10:39:47.829+08:002022-10-14T10:39:47.829+08:00Hi AK,
Some banks are currently trading below bo...Hi AK, <br /><br />Some banks are currently trading below book values like Citigroup. What are your views on Citigroup (better position than Credit Suisse)? <br /><br />For example, Citigroup is trading ~0.6x NTA. And is maintaining a respectable CET1 ratio of ~12%. At the same time, it is also divesting international assets. Also with rising interest rates, this bodes well for banks with a low Verseunhttps://www.blogger.com/profile/01205361790029242563noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33251065685086467682022-10-14T10:03:39.033+08:002022-10-14T10:03:39.033+08:00Hi Winnie,
Rising interest rate provides a strong...Hi Winnie,<br /><br />Rising interest rate provides a strong tailwind for the banking sector.<br /><br />However, the fear now is that a recession is on the way as the Fed rate hikes have been too rapid and are causing distress globally.<br /><br />In a recession, banks will suffer as they are cyclical businesses.<br /><br />The IMF has warned that 2023 is when the world goes into a recession.<brAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52539543565910668732022-10-14T09:53:12.807+08:002022-10-14T09:53:12.807+08:00Hi AK
Thank you for giving your readers an insigh...Hi AK <br />Thank you for giving your readers an insight on how you are navigating the current market. Indeed, everything looks cheap now but the question of which stock will get cheaper, or like you said which one offers the most value for us to allocated our limited resources is one that continues to baffles the layman investor. Yesterday the banks stocks finally budged a little after being Winniehttps://www.blogger.com/profile/05010548890335354335noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46814508963704397062022-10-13T20:39:54.479+08:002022-10-13T20:39:54.479+08:00Hi fenix,
I have absolutely no idea. ;pHi fenix,<br /><br />I have absolutely no idea. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com