OCBC Bank    Last:15.83    -0.07

OCBC

I think Pharoah has been very sharp on the observation of things not-obvious to the average forummers here. He is not only spotting probable long term cracks in the system, both globally and locally, but also keeping a keen eye on been prudent at a time when garment is sounding the recovery bell with the loudest possible reassuring tone. All economic figures that we are hearing nowadays either borders on " stablised growth ahead" or "the worst is over". But then we hardly see any evidence of new stimulus to regional and world economy, except for money printing. We hardly hear about "red-hot demands" from industry sectors, and at the same time, we hear a lot about companies and soverign funds issuing bonds after new bonds, and shares after new shares. There is something in the air about clever companies and countries preparing for something ominous ahead. And the fact is , they are not telling the full story.... Thank you Pharoah for your frequent big-wordered warnings...

Hulumas      ( Date: 05-Jul-2010 11:33) Posted: Do you mean Singapore BANKS global financial competitive advantages are faded? pharoah88      ( Date: 29-Jun-2010 12:25) Posted: Is this a Timely HiNT from MM ? ? ? ? On  SingapOre Banks ? ? ? ? High cOst ? ? ? ? iNEFFiCENCY  ? ? ? ? iNEFFiCACY ? ? ? ? iNECONOMY ? ? ? ?

 

Do you mean Singapore BANKS global financial competitive advantages are faded?

pharoah88      ( Date: 29-Jun-2010 12:25) Posted: Is this a Timely HiNT from MM ? ? ? ? On  SingapOre Banks ? ? ? ? High cOst ? ? ? ? iNEFFiCENCY  ? ? ? ? iNEFFiCACY ? ? ? ? iNECONOMY ? ? ? ?

 

REMEMBER ? ? ? ?

HOW  OCBC  tOOk Over KEPPEL BANK ? ? ? ?

MiNORiTY  sharehOlders  were  cOrnered  iN  TiMES  of  lOW  PRiCE.

thOse whO bOught at lOw lOw lOw prIces made Only abOut S$0.050 per share.

thOse whO bOught at HiGH  HiGH  HiGH  PRiCES  lOst  THEiR  PANTS.

The SAME TACTiC  used  by the CK TANG  de-LiSTiNG

 

TAKE  prOfit and cUt  lOss  WHiLE  One  can  at  HiGH  PRiCES.

Otherwise, the SAME KEPPEL  BANK / CT TANG  story  WiLL  REPEAT  iN OCBC.

 

BEWARE

AWARE

SCARE

CARE

 

OCBC keep chionging man...

good for banging..i mean banking..

 

Buy la, Ka Ka buy now ! I long time bought in @S$7.9, now waiting for this kind of merging news ! Ha Ha Ha LOL ! 

 

Is this a Timely HiNT from MM ? ? ? ?

On  SingapOre Banks ? ? ? ?

High cOst ? ? ? ?

iNEFFiCENCY  ? ? ? ?

iNEFFiCACY ? ? ? ?

iNECONOMY ? ? ? ?

 

No plans for consolidation

MAS : Up to banks to evaluate merits

Jonathan Peeris

jonathanpeeris@mediacorp.com.sg

SINGAPORE

Meanwhile, analysts told MediaCorp that there is no indication that the local banks are heading in that direction unless there is a policy shift first.

Market watchers were responding to comments by Minister Mentor Lee Kuan Yew, who said last Friday that Singapore was “too small” for three banks.

At a dialogue session organised by the Association of Banks in Singapore last Friday, the Minister Mentor said Singapore’s local banks may need to consolidate if they want compete successfully overseas.

Some analysts agreed and said the three banks, DBS, OCBC and UOB, will need to double their current market capitalisation, in order to compete effectively with foreign players like Standard Chartered or Citibank.

Mr Moh Tze Yang, lead analyst at Sias Research, said that “if you look at it in terms of Singapore’s entire banking system, by combining our two strongest banks, this bank will be able to compete internationally.

As the current situation stands, we still maintain that OCBC, if a consolidation would occur, would be the primary target to be absorbed in”.

But while the combined bank would emerge stronger, local SMEs who enjoy better interest rates from local banks would be dealt a blow with fewer players left in the market.

However, NUS Associate Professor Ananda Srinivasan said there could be possible benefits to consumers instead in the long run.

“In the longer run, any consolidation might result in a lower cost of capital to the bank, and this lower costs are then in turn passed on to the consumers, in terms of let’s say lower interest rates on notes, that might be a long term benefit,” said Prof Ananda.

Yet Prof Ananda added that “one would have to ask the question as to why the banks would pass on the benefits.

They don’t necessarily have an incentive to do that right?”.

Analysts added that any consolidation would be driven by policy shifts rather than market forces.

In a statement, MAS said while it has encouraged the local banks to consolidate in the past to benefit from economies of scale, it does not and cannot dictate the precise number or configuration of local banks.

The three local banks declined to comment.— The Monetary Authority of Singapore says it has no plans for bank consolidation in Singapore and it’s up to the banks to evaluate the merits of any merger.

 

OCBC chart looks bearish. Downside risk is higher!

http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-at-the-neckline-of-double-tops/

 

 

 

OCBC chart looks bearish. Downside risk is higher! http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-at-the-neckline-of-double-tops/

 

Agree... Cool!... hehehe... 

 

The good thing about this forum is......

When you face any problem..

Just ask....

You will get the Answer....

Thank you everyone. Thank you

alexmay      ( Date: 03-Jun-2010 17:48) Posted: hey cool, In LP2, move left select "unit share" get in from there, select O find OCBC and se e what's the buy/sell queue. If u want to sell or buy better to select "day" if you select "all or none" sometimes the system cannot accept. Hope this helps.

 

u must have POEMS to know that...btw, i tin it stand for "Live price 2" and there is also LP1...

beidou      ( Date: 05-Jun-2010 11:47) Posted: Sorry what is LP2? alexmay      ( Date: 03-Jun-2010 17:48) Posted: hey cool, In LP2, move left select "unit share" get in from there, select O find OCBC and se e what's the buy/sell queue. If u want to sell or buy better to select "day" if you select "all or none" sometimes the system cannot accept. Hope this helps.

 

Sorry what is LP2?

alexmay      ( Date: 03-Jun-2010 17:48) Posted: hey cool, In LP2, move left select "unit share" get in from there, select O find OCBC and se e what's the buy/sell queue. If u want to sell or buy better to select "day" if you select "all or none" sometimes the system cannot accept. Hope this helps.

 

hey cool,

In LP2, move left select "unit share" get in from there, select O find OCBC and se e what's the buy/sell queue. If u want to sell or buy better to select "day" if you select "all or none" sometimes the system cannot accept. Hope this helps. 

 

using LPT2 to sell odd lots for POEMS

knightrider      ( Date: 13-May-2010 11:47) Posted: Poems can sell odd lots ! And is the only online trading can sell odd lots, from what i know ! The rest, call the dealers up and pay extra S$10 plus higher coms. coolblue      ( Date: 13-May-2010 11:02) Posted: Hi, if  I opt for receive new shares, how do i sell off the odd lot? I using POEMS. Can done using Online? Thank you

 

WAH SEH

7000 lots kenna dump last min

FATTY FINGER?

SGX where's the due dilligence....................

 

Poems can sell odd lots ! And is the only online trading can sell odd lots, from what i know ! The rest, call the dealers up and pay extra S$10 plus higher coms.

coolblue      ( Date: 13-May-2010 11:02) Posted: Hi, if  I opt for receive new shares, how do i sell off the odd lot? I using POEMS. Can done using Online? Thank you

 

Ask your broker to help you sell in the odd lots market

 

Hi, I only have one lot of OCBC. If I opt fornew share, how can I sell the odd lot?

 Any advise? Thanks.

 

Hi, if  I opt for receive new shares, how do i sell off the odd lot?

I using POEMS.

Can done using Online? Thank you