The Motley Fool Singapore
Which Singapore-Listed Bank Is Cheaper Than The Market Currently?
The three listed banks in Singapore are DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11). The trio makes up close to 42% of the Straits Times Index (SGX: ^STI) and are loved by many investors, due to their relatively stable businesses. However, of late, the bank stocks have not done well. This is most likely due to short-term pessimism surrounding global markets. Given the recent poor share price performances, I thought it would be interesting to see which bank is still cheap as compared to the SPDR STI ETF (SGX: ES3), which is an exchange-traded fund that can be used as a proxy for the STI. The table below shows the comparison of the banks against the SPDR STI ETF (the best values amongst the banks are in bo