DBS, UOB, or OCBC: Which Bank to Buy?
ฝัง
- เผยแพร่เมื่อ 6 มิ.ย. 2024
- We recently attended the annual general meetings of all three Singapore banks to gain insights into their strategies and outlook in a decreasing interest rate environment. How do they plan to grow their income if interest rates are cut? Will they return extra capital to shareholders after Basel IV? Are their dividend yields still attractive for investors right now? We discuss all this and more in our latest episode!
00:00 Introduction
00:30 Key highlights from AGMs
11:30 Interest rates
13:27 Dividend yield
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Note: Bank yields based on FY2023 dividend per share 👍
No mention of use of capital by OCBC to acquire the remaining shares of Great Eastern. Is that beneficial for OCBC share holders? Will that drive up RoE for the bank?
Personally I prefer UOB and DBS. I was lucky enough to get some DBS shares during the COVID meltdown. UOB shares I've held for decades now and they are reliable and solid.
Never had any regrets buying bank shares.
Your yield-on-cost must be fantastic!
Yes 3 of my UOB lots were bought for $10 back in the 1990s. Yup, no regrets there. Got caught in the CLOB saga though thanks to Dr M.
Just buy all three and u got your own sg bank etf
Whats the best allocation for all 3 banks if you buying all 3 ?
Dbs 10%, uob 30% and ocbc 60%. Dbs is sure to become third place in Future
Thanks for the analysis
You're most welcome, Daryl!
Do for Malaysia Banks too
Great analysis. 👍
Thanks! 👍
How do you get the full year dividend of DBS?
Shouldn't it be ($0.42 + $0.48 + $0.48 + $0.54) divide by $35.86 = 5.35%?
Kindly correct me if im wrong
We used the FY2023 dividend per share adjusted for bonus shares, instead of trailing dividends. So it is $0.49 + $0.44 + $0.44 + $0.38 = $1.75, divided by the share price of $35.86 (at time of recording), which gives us a yield of 4.88%. Hope this explains!
www.dbs.com/investors/financials/dividend-information
Why is the ROE for DBS so high? Are they taking additional risks?
I'm disappointed. I love investing in OCBC, but they employed one of the oldest PR tricks - collect all answers, and only answer what they want to. Unfortunately, despite them being very successful, they will not answer your questions directly. This may happen with all and any listed companies.
Yes, not the best way to answer questions from shareholders
Fantastic insight 👍👍👍thks.
👍👍👍
Very informative. I think AK will like this episode too 😊
Buy them ALL! 😂
I buy all 3 consistently every month and holding long term
Buy all
Buy all the three local banks and do DCA each month
Saw Adam and Victor at the different AGMs. Most disappointed after attending OCBC agm - the Q&A format, the CEO barely answering business related questions raised by shareholders, the chairman repeatedly talk about history than business plans. When the CEO wanted to add more details to shareholder's question, it was shocking to hear the chairman saying to the audience "see who's answer you prefer". IMHO, I do not sense a synergy between the CEO and the chairman, time will tell.
DBS is giving out minimum $0.54 dividend per quarter post bonus issue. Total is $2.16 for this year. The dividend yield should be around 6%, not 4.9% as stated in the video. Thank you!
Hi James, the yield shown is based on FY2023 dividend per share adjusted for bonus shares. So it is $0.49 + $0.44 + $0.44 + $0.38 = $1.75, divided by the share price of $35.86 (at time of recording), which gives us a yield of 4.88%.
If you use forward dividends of $2.16 then, yes, your yield will be higher. Hope this explains!
www.dbs.com/investors/financials/dividend-information
U are the typical investor who are full of themselves. Always u are right :)
Why is DBS 4.9%? it will be $2.16 ($0.54 every quarter) in this year as per CEO which equates to 6%
The yield shown is based on FY2023 dividend per share adjusted for bonus shares. So it is $0.49 + $0.44 + $0.44 + $0.38 = $1.75, divided by the share price of $35.86 (at time of recording), which gives us a yield of 4.88%.
If you use forward dividends of $2.16 then, yes, your yield will be higher. Hope this explains!
www.dbs.com/investors/financials/dividend-information
Dbs by far the most progressive. Best use of tech. Highest margins. Best compounding long term returns.
I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt.
Basel IV reduced free capital?
The implementation of Basel IV will free up capital for Singapore banks.
fifthperson.com/2023-dbs-agm/
sg.finance.yahoo.com/news/dbs-sufficient-capital-growth-dividends-204727195.html
Buy all banks, go long n compound it’s dividends , u will retire with a great passive income.
Indeed.
UOB i Ting
All overvalued
DBS yield is wrong i think.
We used the FY2023 dividend per share adjusted for bonus shares, instead of trailing dividends. So it is $0.49 + $0.44 + $0.44 + $0.38 = $1.75, divided by the share price of $35.86 (at time of recording), which gives us a yield of 4.88%. Hope this explains!
www.dbs.com/investors/financials/dividend-information
@@TheFifthPersonChannel if we look at DBS dividend history except of mandatory MAS reduction, they have strong track record of maintaining or increase dividend. 4 times annually. And the recent dividend of 54 cents not reduced after bonus shares. Therefore the rightful yield is at least 6% imo.
Yes, of course! But we're comparing the yields with UOB and OCBC in the table as well; their dividend information ends at FY2023 as of now. So we need to make an apples-to-apples comparison for all three banks. 😊
Agreed the consistent perspective is important. I find the discussion interesting so let me add. If you have 10k today to invest, you look at latest report of banks and their current price to determine future potential dividend which is more relevent to all banks and consistent. Ocbc has no dividend in latest report but the price will factor in their result. If we use old dbs dividend it not only paints old data as we know dbs now do much better in latest report than other 2 banks. On another point, give the entire bank industry a lower return relative to say reits
All stock price too high. Buy US 6 months treasury bills with IBKR.
you guys can't even elaborate on ROE and NIM. all talk about feelings. come on. lol.
fifthperson.com/2024-dbs-group-agm/
fifthperson.com/2024-uob-agm/
Crap stocks lah. After more than 40yrs of listing still at such crappy prices. There are better performing bank stocks elsewhere