Singapore Stock Market News
OCBC - Asset quality not under threat
StockFanatic
Publish date: Fri, 27 Nov 2015, 05:44 PM
StockFanatic
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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.
To benefit from rising interest rates
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| Picture Credits : Businesstimes.com.sg |
Trades at only 1x book
We believe concern over the China exposure via its newly acquired Wing Hang Bank has been one of the reasons for the recent underperformance. The results YTD suggest that the risk to China is well-contained. We rate the stock a Buy because of its inexpensive valuation and we believe its earnings could grow by 10% in 2016 as it benefits from the rising local interest rates. We also believe that earnings could potentially surprise on the upside if the bank is able to derive synergies from its Wing Hang acquisition.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
