Which Singapore-Listed Bank Had the Most Resilient Set of Q1 FY2021 Results?
This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2,000 followers.
All 3 Singapore-listed banks (in DBS, UOB, and OCBC) have reported their business updates for the first quarter of the financial year 2021 ended 31 March 2021.
As a shareholder of all 3 banks, I have reviewed and posted a summary when their results were released. In case you’ve missed out, you can find them below:DBS: https://www.thesingaporeaninvestor.sg/2021/05/04/dbs-group-holdings-q1-fy2021-business-updates-key-highlights-and-my-thoughts/
In this post, I’ll be putting the 3 banks’ key financial results, as well as its key financial ratios side-by-side to find out which one had the strongest set of results for the current quarter under review. Also, you’ll learn about which bank is currently the ‘cheapest’ based on its current valuations.
Key Financial Results (Q1 FY2020 vs. Q1 FY2021)
In this section, you will find a comparison of the 3 banks’ key financial results for the first quarter of the financial year 2021 ended 31 March 2021, compared against that reported in the same time period last year – i.e. first quarter of the financial year 2020 ended 31 March 2020: …