Singapore Stock Market News

Singapore Banks - Now and then

StockFanatic
Publish date: Thu, 02 Jul 2015, 01:42 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Pic Credits : todayonline.com
Given the looming possibility of Grexit, we assess the banks' key metrics and outlook against the crises of 2008 and 2011. Barring contagion effects to non-European banks, we conclude that the 2015 version of the Greek debt crisis would have limited drag on Singapore banks, which in 2011, gained Asian trade finance market share. We view the banks as beneficiaries of a rising rate environment and valuations appear attractive at 1.32x CY15 P/BV for 12.4% ROE. We remain Overweight on the sector, with OCBC as our top pick, followed by DBS and UOB.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment