Thank you for your contribution, what do you think of the current valuation and where do you see the risks?
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@Therapeut Well, valuation, what can you say. It's a good bank that is cheaper than its American partners, but it also has other risks. You have the normal Singapore risk, which I don't consider important. Of course you have the China risk, which I always view critically, but in Asia you can't avoid China either. You just have to be okay with being in Asia, if you don't have a problem with that then everything else is secondary. The capital efficiency in one A and the Singapore location is one of the best in Asia. The entry price would of course be good at around 22-24 and very good at 20-22
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•@topicswithhead Otherwise you can only say something about the regional. I mean within the bank there is little information that gets out, the IR is not exactly investor-friendly, as we know it from others, but there are more and more companies like that. You can take a critical view, but it would be a shame not to get in just because of that, then you would also have to sit out Adyen, LVMH and co.
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•@topicswithhead thanks, I'll put it on the watchlist👍
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