rayng

I think we should compare past performance/KPI. For example, DBS PTB is the highest, but base on DBS past 5 years record, the PTB is decreasing from 2.04 (2014) to 1.4 (2018) while the NAV has increase during the same period.

Hence, DBS PTB is much cheaper as compare to past years.

TUBInvesting

Reply to @rayng : Yes. haha.. so I will only look at banks at PB below 1

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marginofsafety

Instead of Allowance For Doubtful Debt, I think it is more important to monitor the asset/loan portfolio and the trend/absolute % of non performing loans/assets.

Because financial companies are usually highly leveraged, it becomes very important to make sure that the assets won't be subjected to huge impairments.

TUBInvesting

Reply to @marginofsafety : SIF and SPURA FIN did not explicitly state them. They stated net amount, which end up is a reversal figure. I cannot find it and I had to dig for some of them.

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luxcan

Bookmark for later reading, thanks!

TUBInvesting

Reply to @luxcan : Thanks for bookmarking!