What are good bank stocks to be invested in Singapore

[Jacmar]

In fact, I hold public bank for 8 years. I do few times top-up from time-to-time (no selling). It gave total 200% returns till to-date including dividends. I can say is no brainier gain. As I simply buy and then forget it.

Malaysia dollar is getting weaker over the time. Want to go oversea "chiak huang" also "boh lui".

Looking to diversify some investment in Sing dollar, as I think 10 years later, Sing dollar will grow stronger than it is today.

I do have particular preference on banking stock, that's why I ask for Singapore bank stock.

Let me share with you my investment journey on banks. this is during the pre-GFC days though. I am out of bank shares now as I move on to invest in mid cap stocks.

the longest I ever hold is DBS for 13 yrs and Public bank for about 8 yrs. during those days just like you I was too busy working and parking it on to bank shares seem to be safest. My returns on sgp banks comes out to be about 4-6% pa. Not much to get excited about but safe especially after going through the cycles. I got an ex-colleague who also specialises in bank investment and he has made much more then me as he times( in no hurry to invest mentality) the banking cycles.(hint here)

My biggest regret is to hv sold off public bank which has since gone to double what I sold excluding div. The reason I sold off PBB is that the P/B is almost 4x and by all measure it is over value anything above 3x. I hv not look at their latest results but I suspect it has never go below 3x. Contrast this to Singapore banks which varies from 1-2x. so by this measure PBB is overvalue vs Singapore banks. This does not mean sgp banks are better investment than PBB. You hv to do your due diligence.

Your concern about RM is valid but then again if PBB can give you 200% gain, I think it should be able to more then cover the RM depreciation.

hope this helps.