DBS, OCBC & UOB Averaged 50% Returns Over Past 12M

Categories: General Market Analysis, Economics, Equity Investments

Country or region: ASEAN

DBS, OCBC & UOB Averaged 50% Returns Over Past 12M
  • DBS, OCBC and UOB averaged 8% gains in April-to-date, bringing average YTD total returns to 14%, and 12 month average total returns to 50%. April has seen the three banks trade at all-time highs, with DBS recently trading at a high of S$30.00.
  • The three banks currently average a 1.5x P/B, above the 10 year average P/B, and in-line with the 20 year average. In the YTD institutional investors were net buyers of the three banks, with inflows totalling S$1.12 billion, following net inflows of S$3.39 billion in 2017.
  • FY17 Net Profit of the three banks totalled S$11.9 billion. Recent Annual Reports detailed multiple initiatives in FY17, with all three banks reporting growth of wealth management services, digital innovations and alignments with the Belt & Road Initiative (BRI).

Reference URL: http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/mu_26042018_1

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