Q&ACategory: Dividend StocksOCBC net asset value per share
zunyang asked 4 months ago
For OCBC net asset value per share information, there are "Before valuation surplus" and "After valuation surplus " in the financial report. Which should be used for P/B calculation?
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1 Answers
Rusmin Ang Staff answered 4 months ago
Hi Zun Yang, Before valuation surplus will be more conservative.
Zun Yang Tan replied 4 months ago

Thanks. What is the definition of valuation surplus?

Rusmin Ang Staff replied 4 months ago

It could be their investment stakes in Great Eastern and properties. Surplus refers to the valuation excess between cost value and market value of their investments. So if we refer to NAV before valuation surplus, the NAV will be less volatile and more conservative.

Zun Yang Tan replied 4 months ago

Thanks