๐๐๐January 6 marks a special day for me as I celebrate the all time highs of
$DBS(D05.SI)$ &
$OCBC Bank(O39.SI)$ with my fellow Singaporeans. This shows the "coming of age" of our local banks & the confidence from investors to invest in DBS and OCBC. I believe that it is only a matter of time before
$UOB(U11.SI)$ will also rise in tandem with the other 2 banks.
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
@Tiger_SG @Tiger_comments @TigerStars
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