DBS, UOB, or OCBC: Which Bank to Buy?

Рет қаралды 28,070

Күн бұрын

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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Пікірлер: 56

@TheFifthPersonChannel 2 ай бұрын

Note: Bank yields based on FY2023 dividend per share 👍

@RKNKPK1309 2 ай бұрын

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?

@RobsMetals 2 ай бұрын

Just buy all three and u got your own sg bank etf

@knucklebreakerchannel 2 ай бұрын

Whats the best allocation for all 3 banks if you buying all 3 ?

@user-gm7du2ms7v 2 ай бұрын

Dbs 10%, uob 30% and ocbc 60%. Dbs is sure to become third place in Future

@nickdoggett6443 2 ай бұрын

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.

@TheFifthPersonChannel 2 ай бұрын

Your yield-on-cost must be fantastic!

@nickdoggett6443 2 ай бұрын

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.

@user-ff2kd8ex8g 2 ай бұрын

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.

@TheFifthPersonChannel 2 ай бұрын

Yes, not the best way to answer questions from shareholders

@paulpaul7777 Ай бұрын

U help me attend all 3 AGMs in , thanks bros❤❤

@TheFifthPersonChannel Ай бұрын

No problem!!

@darylsoh 2 ай бұрын

Thanks for the analysis

@TheFifthPersonChannel 2 ай бұрын

You're most welcome, Daryl!

@jack2637 2 ай бұрын

Do for Malaysia Banks too

@Dunesagafan 2 ай бұрын

Great analysis. 👍

@TheFifthPersonChannel 2 ай бұрын

Thanks! 👍

@abcxyz1242 2 ай бұрын

Fantastic insight 👍👍👍thks.

@TheFifthPersonChannel 2 ай бұрын

👍👍👍

@blhlow4904 2 ай бұрын

Why is the ROE for DBS so high? Are they taking additional risks?

@JTWW847 2 ай бұрын

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

@TheFifthPersonChannel 2 ай бұрын

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

@mymemorieslane 2 ай бұрын

I buy all 3 consistently every month and holding long term

@sassy19a 2 ай бұрын

Very informative. I think AK will like this episode too 😊

@EDH784 2 ай бұрын

Buy them ALL! 😂

@tomutosa1288 2 ай бұрын

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.

@Lucas-wn5wm 2 ай бұрын

Buy all

@meyroakabigrem1679 2 ай бұрын

Dbs by far the most progressive. Best use of tech. Highest margins. Best compounding long term returns.

@drjoshuachua 2 ай бұрын

Why is DBS 4.9%? it will be $2.16 ($0.54 every quarter) in this year as per CEO which equates to 6%

@TheFifthPersonChannel 2 ай бұрын

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

@JamesZhang-kg7pz 2 ай бұрын

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!

@TheFifthPersonChannel 2 ай бұрын

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

@deontan9314 Ай бұрын

U are the typical investor who are full of themselves. Always u are right :)

@david888a 2 ай бұрын

Buy all banks, go long n compound it’s dividends , u will retire with a great passive income.

@nickdoggett6443 2 ай бұрын

Indeed.

@kaliyaperumaldeepan85 2 ай бұрын

All overvalued

@MohamadSafri-rm4hc 2 ай бұрын

UOB i Ting

@JamesJames-ti5vh 2 ай бұрын

Buy all the three local banks and do DCA each month

@firefly4326 25 күн бұрын

You will be exposing yourself to market cycle risk as well as industry specific risk. Not to mention the fifth person is not qualified but bloggers.

@victorteoh8227 2 ай бұрын

Basel IV reduced free capital?

@TheFifthPersonChannel 2 ай бұрын

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

@MsCorydorus 2 ай бұрын

DBS yield is wrong i think.

@TheFifthPersonChannel 2 ай бұрын

@MsCorydorus 2 ай бұрын

@@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.

@TheFifthPersonChannel 2 ай бұрын

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. 😊

@MsCorydorus 2 ай бұрын

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

@ignatiusee3564 2 ай бұрын

All stock price too high. Buy US 6 months treasury bills with IBKR.

@pengily_emi Ай бұрын

I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt.

@firefly4326 25 күн бұрын

Influencers and bloggers not qualified but based on personal feelings lol. All these generic metric is pointless and worthless, you are telling people to buy banking stocks for investments? Greatest Joke

@TheFifthPersonChannel 24 күн бұрын