DBS vs OCBC and UOB

[stam]

Hoot ocbc at 8.6 still dropping

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[Android user]

DBS will not go BK. It has 22b exposure to O&G sector but net assets of 45b, if we assume that all their clients are like Swiber and they can only get back 50% upon liquidation, that will only cut their book value by 11b to 34b.

This will hardly bankrupt them, FWIW the stock is already trading at a discount to book value so the market is already aware of this risk.

Nice to know, so dbs 12.50bucks tp is more realistic.

Sent from Xiaomi REDMI NOTE 3 using GAGT

 

[luei74]

OCBC reached Ah Ma TP. Anyone hooted @ $8.55??

 

[noobinvestor]

OCBC reached Ah Ma TP. Anyone hooted @ $8.55??

hoot after ex div

 

[hindsight]

Nice to know, so dbs 12.50bucks tp is more realistic.

Sent from Xiaomi REDMI NOTE 3 using GAGT

$13 implies a 50% haircut on their O&G loans.

 

[Wood41]

All of you are bravehearts.
O&G saga just unfolding with only Swiber yet.

 

[noobinvestor]

All of you are bravehearts.
O&G saga just unfolding with only Swiber yet.

it's about time in the market, not timing the market... if dip, then keep buying lor, unless run out of warchest then bo bian.

 

[Wood41]

Why didn't scoop it much earlier? Even Brexit Friday was cheaper for OCBC ( not sure of others ).

it's about time in the market, not timing the market... if dip, then keep buying lor, unless run out of warchest then bo bian.

 

[noobinvestor]

Why didn't scoop it much earlier? Even Brexit Friday was cheaper for OCBC ( not sure of others ).

i sold off already, now looking to buy again la..

 

[lbs]

to be honest, i will be interested to know how much is the NAV of DBS if let say, 70% of the O&G loans are written off.

 

[Wood41]

I sold off so many stocks post Brexit Friday.
Last sold OCBC @ $9.00.

Be more patient.

i sold off already, now looking to buy again la..

 

[OngHuatHuat]

You are so smart.
My idol. Correctly predicting market movement.

I sold off so many stocks post Brexit Friday.
Last sold OCBC @ $9.00.

Be more patient.

 

[OngHuatHuat]

22 billions.
Not sure how much exposure in noble though.
If full blown, nav drop by 50 %

to be honest, i will be interested to know how much is the NAV of DBS if let say, 70% of the O&G loans are written off.

 

[peacefulday]

uob still not attractive to me. TP around 17.5 or low, if not just past.

beginning of the year and it recent few times pullback also can scooped at low, why now? unless you are doing FIFO and then anytime can have a technical rebound.

 

[lbs]

22 billions.
Not sure how much exposure in noble though.
If full blown, nav drop by 50 %

:\ wow. thanks.

 

[Maeda_Toshiie]

nobody can 100% be accurate to know when and where is the bottom

slowly jiak as it gets cheaper ba

That is a problem when each purchase has a minimum commission and the overall portfolio is small.

 

[lbs]

can consider using DCA methods like

BCIP by ocbc or MIP by maybank



else dont nibble.. if think valuations cheap just 1 shot buy and hold long term lor, now at under 1 times book value... I think ok for long term ba

i am being a lazy ******* here, but when DBS was at its $20.xx days, how much was its PB?

 

[OngHuatHuat]

i am being a lazy ******* here, but when DBS was at its $20.xx days, how much was its PB?

You are making a very bold assumption, the book values stays constant throughout and unaffected by external environment.

 

[TheIntelligentInvestor]

DBS book value was $12 in 2011, $13 in 2012, $13.6 in 2013, $14.9 in 2014, $15.8 in 2015 and $16.7 now. About 7% growth in the past 5-6 years. ROE has been steady at 11% and ROA at 1%. Based on that, I would say fair value would be at book value.

<vested>

 

[Wood41]

I buy OCBC by 'agak agak' try to catch its low & sell at higher price by 6th sense.
No idea with what book value is.