What are some of your thoughts on the DBS & OCBC stocks now?
Pricing in the current virus effect, at which price point will those 2 banks look attractive to you and why?
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Rais M
24 Feb 2020
Accountant at SME
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In my opinion, today's high will be tomorrow's low. Although the valuations might seem high for bank stocks, I believe both DBS and OCBC still have potential to grow. And because of the virus, the price may drop lower which is a good thing if you are holding for the long term. However pls do your own due dilligence before buying into any stocks.
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With the coronavirus debacle still ongoing, I reckon it's prudent to wait at least a month to see ho...
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Do you see DBS & OCBC will still be around in 10 years time? Or 30 years time. I would say yes.
While today's price point is tricky in view of the COVID-19, we can also consider just buying a little now, and buy more when price drop further. Do not let a price point be the factor to stop you from investing at any times.