OCBC Bank    Last:15.99    +0.16

OCBC

if it can break the resistance at $9.30, it'll need to cover the gap created on 5Aug 2011, and be above $9.65 to be on uptrend

 

Aren't you guys curious who is the mystery buyer?.....why he/she want to announce  their offer to buy F& N and APB, instead of quietly going about it? so that he/she  have to  pay more to acquire the shares? hahaha

 

There's buyer for F&N stake which Ocbc holds. So naturally to get best price ...... F&N goes up so Ocbc get good exit price .....

kiasutrader_13      ( Date: 17-Jul-2012 11:17) Posted: However, Malaysia research houses give cautious rating " Hold" / " Sell" to OCBC recently. Anywhere, this is a good and stable counter  . Read more:  http://sgx.i3investor.com/servlets/stk/o39.jsp  steadylar      ( Date: 17-Jul-2012 10:14) Posted: congrats to all  who are still holding on to their shares

 

However, Malaysia research houses give cautious rating " Hold" / " Sell" to OCBC recently. Anywhere, this is a good and stable counter  .

Read more:  http://sgx.i3investor.com/servlets/stk/o39.jsp 

steadylar      ( Date: 17-Jul-2012 10:14) Posted: congrats to all  who are still holding on to their shares! edchai      ( Date: 17-Jul-2012 10:07) Posted: oh my OCBC ..... yeah !  This stock never dissappoint me .... again!

 

congrats to all  who are still holding on to their shares!

edchai      ( Date: 17-Jul-2012 10:07) Posted: oh my OCBC ..... yeah !  This stock never dissappoint me .... again!

 

Data  from Sharesinvestment.com:

OCBC at $9.28 now:    PE 13.8X, NAV $7.41 (PB 1.25X), yield 3.2% (last 12 mth dividends 30cts)

F& N at $8.28 now:        PE 13.4X, NAV $4.91 (PB 1.69X), yield 2.2% (last 12 mth div 18cts)

F& N business: Breweries 45.7%

Dairies 15%

Property developmt: 13.3%

Soft drinks 12%

Printing & publishing 7.7%

Commercial property 5%

Others 1.3%

 

 

oh my OCBC ..... yeah !  This stock never dissappoint me .... again!

 

Curious to know......

who is the mystery buyer?

who is behind F& N's meteoric shoot up in price?

will  this buyer still go ahead to buy from OCBC & GE, now that F& N price has shot up to the sky? why buyer so desperate to buy, putting themselves at a disadvantage. Kirin bought into F& N 2 yrs ago,  which is really smart.

are we missing something here? let's follow this as a case study

(Not an inducement to buy/short, pls exercise due diligence)

 

 

 

Oops, sorry, sth is wrong, i cant copy the report properly. pls read it at SGX website, yesterday's release.

 

JOINT ANNOUNCEMENT: OCBC GROUP’S SHAREHOLDINGS IN FRASER AND NEAVE, LIMITED AND ASIA PACIFIC BREWERIES LIMITED

Oversea-Chinese Banking Corporation Limited ("

Shareholders of OCBC Bank and GEH are advised that there is no certainty that any transaction or agreements will be entered into pursuant to the discussions. Shareholders are further advised to exercise caution when dealing in the shares of OCBC Bank and GEH and to refrain from taking any action in respect of their investments which may be prejudicial to their interests. In the event that shareholders wish to deal in the shares, they should seek their own professional advice and consult with their own stockbrokers.

OCBC Bank and GEH will make appropriate announcements at the relevant time should circumstances merit such announcements.

(Sorry, pls ignore my earlier post which is a mess, read this only)

  OCBC Bank" ) and Great Eastern Holdings Limited (" GEH" ) wish to announce that they have been approached with an offer to purchase, inter alia, their combined stakes in Fraser and Neave, Limited (aggregating approximately 18.20% of Fraser and Neave, Limited’s total issued shares as at 31 March 2012) and Asia Pacific Breweries Limited (aggregating approximately 7.92% of Asia Pacific Breweries Limited’s total issued shares as at 31 March 2012), and they are having discussions on this.

 

 

JOINT ANNOUNCEMENT: OCBC GROUP’S SHAREHOLDINGS IN FRASER AND NEAVE, LIMITED AND ASIA PACIFIC BREWERIES LIMITED

Oversea-Chinese Banking Corporation Limited ("

Shareholders of OCBC Bank and GEH are advised that there is no certainty that any transaction or agreements will be entered into pursuant to the discussions. Shareholders are further advised to exercise caution when dealing in the shares of OCBC Bank and GEH and to refrain from taking any action in respect of their investments which may be prejudicial to their interests. In the event that shareholders wish to deal in the shares, they should seek their own professional advice and consult with their own stockbrokers.

OCBC Bank and GEH will make appropriate announcements at the relevant time should circumstances merit such announcements.

(Above from SGX yesterday after trading hours.)OCBC Bank" ) and Great Eastern Holdings Limited (" GEH" ) wish to announce that they have been approached with an offer to purchase, inter alia, their combined stakes in Fraser and Neave, Limited (aggregating approximately 18.20% of Fraser and Neave, Limited’s total issued shares as at 31 March 2012) and Asia Pacific Breweries Limited (aggregating approximately 7.92% of Asia Pacific Breweries Limited’s total issued shares as at 31 March 2012), and they are having discussions on this.

alexmay      ( Date: 17-Jul-2012 02:16) Posted: OCBC and GEH is approach to sell their shares in APB and F& N   big money!!!! DYODD

 

http://sgxreports.blogspot.sg/2012/07/oversea-chinese-banking-corporation.html

 

OCBC and GEH is approach to sell their shares in APB and F& N   big money!!!! DYODD

 

ALL three banks have multi TOPS  ??  ? FADE  or COME soon  ???

 

Bop, I can tell you that they (JP) might be the last, but not the final.  There are more big ones who squeeze us but will get squeezed themselves.  Good for the market? Yes, of course. Hehehe.

Bopanha      ( Date: 16-Jul-2012 09:21) Posted: Bank counters might seem strong, very liked by small investors, including myself. But if banks and financial institutions are involved in derivatives, they would never know their losses as they would not be evident owing to the fact that these institutions are big, damn big to know what is going on with their trades or their issues and they leave everything to machines to do the " money making" for them.  One false move, they are finished as exampled by many biggies who lost billions of dollars on late discovery.  But in a way,it is good for the market since their losses will go to the market and we might even have a small share in the money they lost.  JP Morgan is the final institution with huge losses discovered. Hohoho, Christmas presents for many....Lol.

 

Bank counters might seem strong, very liked by small investors, including myself. But if banks and financial institutions are involved in derivatives, they would never know their losses as they would not be evident owing to the fact that these institutions are big, damn big to know what is going on with their trades or their issues and they leave everything to machines to do the " money making" for them.  One false move, they are finished as exampled by many biggies who lost billions of dollars on late discovery.  But in a way,it is good for the market since their losses will go to the market and we might even have a small share in the money they lost.  JP Morgan is the final institution with huge losses discovered. Hohoho, Christmas presents for many....Lol.

 

Liked!

TradeChancellor      ( Date: 15-Jul-2012 13:18) Posted: if this resistance is broken, the next level is $9.30

 

if this resistance is broken, the next level is $9.30

 

Resist no more

marubozu1688      ( Date: 08-Jul-2012 18:12) Posted: OCBC is hitting $9.00 resistance. http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-bank-hitting-resistance-at-9-00/

 

OCBC is hitting $9.00 resistance.

http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-bank-hitting-resistance-at-9-00/