[an error occurred while processing the directive]
NRA Capital Pte Ltd

Written by: Lynn Look

Friday 23 Aug 2013

Singapore Banks - Part 4 of 4

UOB & OCBC our preferred picks

We maintain our UNDERWEIGHT position on Singapore banks due to valuations reasons. UOB is our only BUY for the sector. It is still the cheapest bank in terms of PER valuation and the bank with the greatest upside. Although we like OCBC, which is beginning to prove itself as a dark horse in the sector, we would prefer to accumulate it on price weakness as it is currently trading close to fair valuation. We would advise investors to take profit on DBS as it is trading beyond its fair value, with a 11% downs

Please login

Premium Content

Premium Content

This article requires a premium subscription. Click here to upgrade.

If you are not yet a registered member of NetResearch Asia, please click here to register before paying.

If you accessing this site though Lim&Tan's website and using Internet Explorer, please click here  to rectify access issues.

Access to this Web site is granted by NRA Capital Pte. Ltd. strictly on the terms and subject to the conditions set out hereunder. By entering into the Web Site, Subscriber is deemed to have accepted and agreed to be bound by the terms and conditions  set out hereunder.