01-09-2019, 08:09 PM
(This post was last modified: 01-09-2019, 08:49 PM by dreamybear.)
(01-09-2019, 05:21 PM)fanobell Wrote: dreamybear, would you buy into Bank of America? Do you think it offers more value than OCBC bank?I really dun know how to answer whether BOA or OCBC offers better value - maybe the gurus in this forum can better answer the question.

According to the article ( https://www.gurufocus.com/news/770820/wa...-sanofi-sa ), Buffett's purchase price of BOA shares :
"Added: Bank of America Corporation (NYSE:BAC)
Warren Buffett (Trades, Portfolio) added to his holdings in Bank of America Corporation by 29.20%. His purchase prices were between $27.78 and $31.8, with an estimated average price of $30.46. ....."
Since WB's arguably the best investor(& master calculator of intrinic value) in the world, I wld think any purchase price below his should be good. Personally, I wld buy more closer to NTA $19(coz my cash holdings is getting low) but I think there is an extremely high chance for me to miss the boat. Also, as with "investing with WB", our time horizons must be long term - I am prepared to hold BOA possibly forever(already held for 8 yrs +-).
As for OCBC, I think SG/HK/China economies may all face more headwinds in the near future so I wld wait for the price to go at least lower than the NAV(Before valuation surplus). I am not sure what is the NTA of OCBC.
But if u intend to invest quite a lot, I wld think OCBC is better as there is a chance to earn 4% share lending income.
