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

Written by: Lynn Look

Tuesday 16 Feb 2016

Singapore banks - trading at or below their book values

Is it time to buy?

DBS’ share price dipped below its 30 September 2015 NAV of S$15.42 on 13 January 2016. It lost a further 15% in just one month. Has market over-reacted? Do DBS shares deserve to trade at a 15% discount to its NAV as of yesterday’s close? The last time Singapore banks traded to as low as 0.7 to 0.8X their book NAV was during the 1997/8 Asian Financial Crisis, triggered by a series of regional currency devaluation.

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.