There are 3 banks listed on the Singapore Exchange, and they are: DBS (SGX: D05), UOB (SGX: U11), and OCBC (SGX: O39). Question is, if one has limited funds, which one should he/she buy (I get asked this question very often). The best way for me to answer this question is to put their performances (in terms of their financial results, key financial ratios, and dividend payout) side-by-side to find out which bank has the strongest growth…
DBS, UOB, or OCBC – Which Singapore Bank Led the Pack in Q1 FY2024?
The trio of Singapore banks in DBS (SGX: D05), UOB (SGX: U11), and OCBC (SGX: O39) have released their business update for Q1 FY2024 ended 31 March. In this post, I have put their financial results and key financial ratios together to find out which of the 3 banks displayed the strongest improvement. I have also put their valuations (based on their closing price last Friday, 10 May) to find out which bank is currently the ‘cheapest’ and the ‘most expensive’…
DBS, UOB, and OCBC’s Business Updates for Q1 FY2024: What You Need to Know
DBS (SGX: D05), UOB (SGX: U11), and OCBC (SGX: O39) are among the biggest banks in Singapore by assets, and they are very highly rated in terms of their credit ratings. Collectively, the 3 banks also hold a 47.9% weightage in Singapore’s benchmark Straits Times Index. Now that all 3 Singapore banks have already released its 1st quarter business update ended 31 March 2024 (i.e., Q1 FY2024), in this post, you will find a review of each of the bank’s financial figures and key financial ratios…
Key Highlights from Oversea-Chinese Banking Corporation’s Annual Report for FY2023
Oversea-Chinese Banking Corporation (SGX:O39), or OCBC for short, is Singapore’s longest established bank. The Singapore headquartered bank is also the 2nd largest financial services group in Southeast Asia by assets. At the time of writing, the bank also has the 2nd heaviest weightage in Singapore’s benchmark Straits Times Index (or STI for short). Last Friday (05 April 2024), OCBC published its annual report for the financial year ended 31 December 2023 (i.e., FY2023), to which you will find key pointers to take note in this post, as well as details of its upcoming AGM…
Key Highlights from United Overseas Bank’s FY2023 Annual Report
With a global network of about 500 branches and offices in 19 countries and territories in Asia Pacific, Europe, and North America, United Overseas Bank Limited (SGX:U11), or UOB for short, is rated among one of the world’s top banks. Last Thursday (21 March 2024) morning, the Singapore-headquartered bank published its latest annual report for the financial year ended 31 December 2023 (i.e., FY2023). For the benefit of those who do not have time to go through it, you can read key highlights about it in this post, together with details of the bank’s upcoming AGM…
Key Takeaways from DBS Group Holdings’ FY2023 Annual Report
Following the conclusion of the financial year on 31 December 2023 (i.e., FY2023), and the release of its 4th quarter and full-year results in early-February, DBS Group Holdings Limited (SGX:D05), or DBS for short, have published its annual report yesterday (06 March 2024). For the benefit of those who do not have the time to go through it, you can find summaries of the report in this post, along with details about its upcoming annual general meeting…
Ranking DBS, UOB, and OCBC by their Q4 and FY2023 Results
All 3 Singapore-listed banks (in DBS, UOB, and OCBC) have already reported their financial results for the 4th quarter and full year ended 31 December 2023 (i.e., FY2023). Just like in the previous quarters, after they have released their latest results, I will put their numbers side-by-side and do a comparison to find out which bank had the strongest improvement (in percentage terms), and at the same time, find out which bank is currently the ‘cheapest’ and ‘most expensive’ based on their current valuations – and you can read all about them in this post…
A Look at DBS, UOB, and OCBC’s Q4 and FY2023 Results
All 3 Singapore-listed banks have released their 4th quarter and full year results ended 31 December 2023 – with DBS being the first to do so on 07 February, followed by UOB on 22 February, and then OCBC early this morning (28 February). In this post, you will find my review on the bank’s results – in terms of its financial performance, key financial ratios, and dividend payout declared by the management…
Which Singapore-Listed Bank Had the Best Q3 and 9M FY2023 Results?
Now that all 3 Singapore-listed banks (in DBS, UOB, and OCBC) have released their business updates for the 3rd quarter, as well as for the first 9 months of FY2023, let us put their financial results and ratios side-by-side to find out which bank had the most resilient results this time round. On top of that, you’ll also find out which bank is currently the ‘cheapest’, and the ‘most expensive’ by comparing their current valuations (based on their traded prices at lunch break this afternoon, 14 November 2023)…
A Summary of OCBC’s Q3 & 9M Business Update
Oversea-Chinese Banking Corporation (SGX:O39), or OCBC for short, is Singapore’s longest established bank. Apart from its home country where it is headquartered, the bank is focused in other countries including Malaysia, Indonesia, and Greater China. Currently, it has a network of more than 420 branches and representative offices in 19 countries and regions. This morning (10 November), the Singapore-listed bank released its business update for the 3rd quarter, as well as for the first 9 months of FY2023 ended 30 September, and we will be looking at its key financial figures and ratios in this post…
