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OCBC
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HLJHLJ
Veteran |
28-Oct-2009 21:30
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But it is a safe and sound stock. Do not worry about short term volatility. In the long run, it will outshine. I'll continue to add. Who knows, might one day pay for my children education if opt for Aust!! LOL. Anyway, i dont think there is any selldown yet. Just a mild correction. People are fearful only. Be greedy when people are fearful, a statement fr a US fin guru. Just average up along the way. Buy within your means and all will be taken care of.
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risktaker
Supreme |
28-Oct-2009 20:09
Yells: "Sometimes you think you know, but in fact you dont" |
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OCBC wont be able to escape this sell down ...
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keepnosecrets
Master |
28-Oct-2009 15:44
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OCBC might be pushed up to more than 8 bucks soon. If you are long termer, this is not a bad time to accumulate more. | ||||
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jng1103
Senior |
28-Oct-2009 14:20
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congrats to OCBC shareholders... $huat$ | ||||
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erictkw
Veteran |
28-Oct-2009 13:50
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OCBC posts 12% rise in 3Q net to $450m
Oversea-Chinese Banking Corporation today reported a net profit of $450 million in the third quarter of 2009 (3Q09), an increase of 12% from $402 million a year ago. OCBC says excluding tax refunds in the year-ago period, core net profit rose by 14%, driven by strong gains in insurance, trading and investment income, as well as lower expenses and allowances. The results included the impact of a loss of $213 million ($154 million after tax and minority interests) arising from the redemption offer of GreatLink Choice (GLC) policies by subsidiary Great Eastern Holdings. Excluding the GLC-related loss, OCBC says net profit would have increased 50% year-on-year, and 30% from the previous quarter, to $604 million. Year-on-year, net interest income for the quarter increased marginally by 1%, while non-interest income excluding the GLC-related loss grew by 31%. Operating expenses were 5% lower. Allowances for the quarter were $52 million, down from $156 million a year ago and $104 million in 2Q09. The non-performing loans (NPL) ratio improved during the quarter from 2.1% to 1.8%. For the first nine months of 2009, the group’s core net profit increased 18% to $1,461 million. Net interest income grew 7% while non-interest income increased by 25% due to strong contributions from the insurance business and foreign exchange income. Cost control measures contributed to a reduction of 4% in operating expenses. Allowances were higher at $353 million as compared to $203 million a year ago. Included in the nine months’ core net profit was the GLC-related loss of $154 million in 3Q09 as well as one-time insurance gains of $175 million in 1Q09 arising mainly from the adoption of the risk-based capital framework in Malaysia. For the nine months, annualised return on equity based on core net profit was 12.5%, while annualised core earnings per share rose 16% to 59.6 cents. |
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erictkw
Veteran |
28-Oct-2009 13:44
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Oversea-Chinese Banking Corp., the lender that owns Singapore’s biggest life insurer, said third- quarter profit gained 12%, beating analysts’ estimates, due to gains in insurance, trading and investment income. Net income rose to $450 million for the three months ended Sept. 30, from $402 million a year earlier, the bank said in a statement today. The median estimate of six analysts surveyed by Bloomberg was for profit of $243.7 million. OCBC earnings benefited amid an economic recovery in Singapore, where the trade ministry has raised its 2009 economic forecast for the second time. Shares of OCBC rose 0.8% to $7.59 at 12:51 p.m. on the Singapore stock exchange. The stock has risen 52% this year, while rival United Overseas Bank has gained 34%. DBS Group Holding, the city-state’s biggest bank, has climbed 54%. “Our strong liquidity and capital base have served us well amidst global uncertainties,” Oversea-Chinese Chief Executive Officer David Conner said in today’s statement. |
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alexmay
Veteran |
28-Oct-2009 12:59
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Result is out, seem to me better than expected. Hope can help move the mkt. Vested |
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keepnosecrets
Master |
28-Oct-2009 11:08
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I think so. Using peoms, you can click the "unit share" tab, and put up buy or sell the unitshares (odd lots). If your shares are only a few shares sometimes the brokerage may be more than the value...so check it out.
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coolblue
Member |
28-Oct-2009 11:01
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Hi, can I sell OCBC odd lot online using POEMS? Same Counter? Thanks. | ||||
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keepnosecrets
Master |
28-Oct-2009 10:48
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Company (OCBC) wants to kill 2 birds with one stone! Makes money so must pay dividends, right? Also bot own shares when too the market price is too cheap. Use the scrips to pay dividends or employees' options. SO both ways make money, see? For investors looking for accumulation, opting for scrip instead of cash is also a good way of adding to their share holdings.
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jng1103
Senior |
28-Oct-2009 10:29
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Oh thanks... I'm still not too familiar with the scrip shares vs cash div... will learn along the way... I dont think it will go any lower than $7.51 (kena blocked by BBs)... so last entry of $7.53 (yesterday) was a wise one (I hope so lor...) Long term player... definitely not a punter... Actually, wats the advantage of scrip div vs cash div? |
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keepnosecrets
Master |
27-Oct-2009 19:04
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I mean taking cash i better unless there is a good market for unit shares and the commission is not too much.
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keepnosecrets
Master |
27-Oct-2009 18:48
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Scrip dividend vs cash dividend, it depends on your holdings to see which is better. For small holders, cash will be nice because the unit shares may have to wait long time to accumulate until you have say 100, or 500. So provided there is a good market for unit shares, taking scrip is better.
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jng1103
Senior |
27-Oct-2009 16:16
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Nope. Bought after XD... wats ur views? $280 div for $7.70... worth it? ROI < 4% leh... 
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keepnosecrets
Master |
27-Oct-2009 15:49
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Have you got your dividends of $140 per lot? | ||||
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jng1103
Senior |
27-Oct-2009 15:07
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today kena hammer till $7.53... among the 3 local banks, this one is the worst 
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erictkw
Veteran |
20-Oct-2009 18:00
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DJ MARKET TALK: OCBC Acquisitions Are Earnings Enhancing -Nomura
0847 GMT [Dow Jones] STOCK CALL: The market may be overly pessimistic on OCBC's (O39.SG) recent moves to invest in new businesses, says Nomura. Broker says market's weak reception to OCBC's earnings-enhancing acquisition of ING Asia Private Bank operations discounts execution risks while ignoring some easy wins. Adds OCBC's increased stake in China's Bank of Ningbo should also be earnings enhancing; estimates the two acquisitions together could lift OCBC's FY10 earnings by nearly 6%. Says OCBC has long been overshadowed by its larger peers, but the recent acquisitions have moved it center stage. "While DBS (D05.SG) wrestles with management issues and UOB (U11.SG) works to resuscitate its regional lending engine, OCBC has stolen into the limelight by pouncing on sizable strategic assets last week." Maintains Buy rating, no target price given. Shares down 0.9% at S$7.63; STI down 0.1%. (KIG) |
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jng1103
Senior |
20-Oct-2009 17:37
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wat happen? Last nite kena food poisoning huh? today lau sai $0.09... when reach $8.xx? pui pui pui One Counter Buay Cheong 
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keepnosecrets
Master |
20-Oct-2009 14:30
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Yah, toh arh....OCBC. Lousy counter to invest your $$ in. Go for UOB or DBS, at least they can still cheong. |
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keepnosecrets
Master |
20-Oct-2009 13:41
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Since it is getting to become a dullard, I shall sell you off at any price I can get today. Toh arhhhhhh. | ||||
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