
john87 ( Date: 26-Oct-2011 02:12) Posted:
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Sporeguy ( Date: 10-Aug-2011 12:28) Posted:
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OCBC buys new China HQ in Shanghai for $182m
 
 
WRITTEN BY THE EDGE     |
MONDAY, 10 OCTOBER 2011 22:04 |
 
Oversea-Chinese Banking Corporation (OCBC) said its wholly-owned subsidiary, Eastern Realty Company Limited (ERC), has bought the SIG Plaza Co Ltd for RMB 310.7 million (US$48.61 million) in cash.
ERC will also pay RMB 591.3 million of existing net shareholder loans, bringing the total acquisition cost to RMB 902.0 million yuan.
OCBC Bank intends to use the building, which has an gross floor area of 23,148 square meters, as headquarters for its banking operations in China.
The relocation of the head office of the locally-incorporated subsidiary in China, OCBC China, from its current premises at One Lujiazui, 68 Middle Yin Cheng Road, Pudong, Shanghai to this building is targeted to take place in the fourth quarter of 2012 and is likely to take up almost the entire available space.
 
 
OCBC [恶 死 不 死 ]                            S$3.44
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1 | Date of Purchases | 08-08-2011  |   |
2a | Total number of shares purchased | 100,000  |   |
2b | Number of shares cancelled | 0  |   |
2c | Number of shares held as treasury shares | 100,000   |   |
3a | Price paid per share# or | Currency : S$
  Amount : 9.17
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4 | Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# | Currency : S$
  Amount : 918,405.20
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Wow! You are brave! If OCBC cannot stay above $9.32, the chart will look very scary.
http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-bank-break-200d-ma-support/
 
Vallee ( Date: 04-Aug-2011 16:49) Posted:
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Me bought at today's low, good luck to me!
  Hope no more low.
Mystic ( Date: 04-Aug-2011 14:10) Posted:
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From UOB Kayhian:
Oversea-Chinese Banking Corporation         BUY
Price/Target: S$9.88/S$12.05         Mkt Cap: US$28,071m         Daily Vol:   US$36.0m         1-Yr Hi/Lo: S$10.32/S$8.60
2Q11: Pick-up in growth for fee income
Analyst: Jonathan Koh, CFA         Tel: (65) 6590 6620
Year to 31 Dec (S$m) |
2Q11
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yoy %
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qoq %
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Remarks
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Net Interest Income |
827
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14.9
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5.5
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Broad-based growth from all geographies. |
Non-Interest Income |
586
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13.6
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-5.2
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Strong growth in fee income. |
Total Income |
1413
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14.3
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0.8
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Operating Expense |
(618)
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10.6
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6.4
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Headcount increased 5.8% yoy mainly for overseas markets. |
Pre-Provision Profit |
795
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17.4
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-3.2
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Provisions |
(56)
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211.1
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14.3
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Mainly general provision. |
Net Profit |
577
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14.7
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-3.2
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|
EPS (¢) |
16.6
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11.8
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-4.7
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BVPS (S$) |
5.86
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6.9
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-0.5
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Key Ratios (%): |
2Q11
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1Q11
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2Q10
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Net Interest Margin |
1.87
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1.90
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1.96
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Slight erosion in NIM. |
Loan/Deposit Ratio |
89.1
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86.8
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83.7
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Deposits expanded 6.6% qoq. |
Core Equity Tier-1 CAR |
11.9
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12.0
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11.6
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NPL Ratio |
0.8
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0.9
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1.3
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OCBC reported net profit of S$577m (+14.7% yoy) in 2Q11, in line with our forecast of S$578m.
- OCBC achieved strong loan growth of 9.3% qoq. Expansion was broad-based but stronger in Indonesia (+7.1% qoq) and Greater China (+18.6% qoq). Net interest margin (NIM) was relatively stable at 1.87%.
- Fee income grew 7.2% qoq driven by loan and trade related activities. Growth in trade-related fees and service charges were from trade settlement in Rmb.
- Earnings contribution from life insurance was sequentially lower as non-participating fund did not match the strong performance in 1Q11.
- NPL ratio continues to improve from 0.9% to 0.8%, which keeps provisions at low levels.
- OCBC declared interim dividend of 15 cents/share. The scrip dividend scheme is applicable to the interim dividend.
- OCBC's 2Q11 results were in line with our expectations and we maintain BUY recommendation for the stock.
Oversea-Chinese Banking Corporation Limited will be announcing its results for the second quarter of 2011 on Thursday, 4 August 2011, before 7.30am.
The results will also be available on OCBC’s website at www.ocbc.com.
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/9FB0E835E79A9C2C482578D30021B0D4?opendocument
tommorow :)
 
kiwi77sg ( Date: 02-Aug-2011 17:33) Posted:
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When is OCBC announcing their quarterly result ?
seems headed up ahead of results now 10
 
SGG_SGG ( Date: 01-Aug-2011 09:47) Posted:
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ckhpaul ( Date: 20-Jul-2011 21:16) Posted:
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I would say look for confirmation signal tomorrow for a possible long trade.
The even number (10.0) should act as a resistance as well. 
Nevertheless, the banking stocks (trading in US) are getting a bounce off the lows made yesterday. 
Good Luck on your trade :p 
pasttime ( Date: 20-Jul-2011 13:21) Posted:
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Finally, OCBC has break the resistance and turn support at 9.60. This is the 7th time it attempts to break this resistance.
see my TA for the new resistance and support. 
ang mo ship enter harbour.
 
http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-break-down-from-ascending-triangle/