When is a good time to enter the market and buy these banks' stocks? - Seedly
 

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Asked by Anonymous

Asked on 31 May 2019

When is a good time to enter the market and buy these banks' stocks?

DBS, UOB and OCBC’s prices have been free falling since the start of May, with UOB setting a new 52-week low. Thinking of when is a good time to enter, as I still find their current prices too high to buy and hold for dividends?

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Tan Wei Ming
Tan Wei Ming
Level 5. Genius
Answered on 02 Jun 2019

Hi, I am also looking into buying bank stocks too.

I believe there is a correlation between bank stocks and US futures/US index. I always look at the futures to determine if it is the right time to buy. As US index closed lower so I expect the bank stocks to go down on Monday.

I am looking at buying DBS and UOB. All three banks are good but I pick the ones that have higher dividend yield. DBS is giving $1.20/share for dividend from FY2018 onwards and UOB started giving $1.20 too after including the special dividend.

I am looking at buying them at batches as I would expect that there is more room to drop.

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Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 07 Jun 2019

If you're planning to invest long term 5-10 years, it does not matter what current prices are since you would expect them to be higher then.

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Heather Ang
Heather Ang

on 01 Jun 2019

And which one to buy now?
Lok Yang Teng
Lok Yang Teng

on 01 Jun 2019

Personal opinion: Prices are a bit high now, can wait for it to tank abit first before going in. Would go for DBS. Just my own thoughts.
Raymond Fong
Raymond Fong
Level 2. Rookie
Answered on 03 Jun 2019

When US and China strikes a trade deal. The whole world's stock markets have been in decline ever since China back paddelled on the trade terms which led to Trump imposing the latest round of tarrifs with no end in sight of any resolution so far.

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