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what happen to Casa
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MrBear12
Supreme |
12-May-2026 09:28
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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the real question is do you need the money? as in do you need cash to buy a house or to buy guns?
you will probably not get a average buy price of 11:40 ever again, unless a global recession comes by.
So like me, just hold on. My rationale is simple, will OCBC ever fall below 8:00 again?
highly unlikely... ...
so HOLD.
Bear heard OCBC wants to double its wealth management business.
We shld consider buying,,, not selling!
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LimBanLim
Member |
12-May-2026 00:33
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I have more than 50 lots at an average price of $11.40. The question is should I sell now? | ||||
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MrBear12
Supreme |
11-May-2026 22:47
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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total shareholder return for this ocbc is gonna be attractive as it chases DBS.
currently, it's the bank with most potential cause of its acquisitions and wealth management.
and do remember it is still the oldest bank.
it is the mainstay of overseas Chinese banking.
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Echoes
Senior |
11-May-2026 21:56
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I attended their AGM and based on what has transpired a special dividen of 10% profits ( approx 16 cts ) is more or less a given for FY 26 . We already collect special dividens of 16 cts for FY 24 and FY 25 so it will be 3 years in a row should that take place . Thereafter , the dividens will revert back to 50% profits , for FY 27 . Unless profits increases dramatically , OCBC' s ordinary dividens are around 84 cts and if you include the special , its around $1 . At todays closing price of $22.50 , the yield is not particularly attractive compared to its yesteryears . My last purchase was at $17+ and I have not added any since . But , I have not sold any either , and I have owned this stock for more than 15 years . DYODD .
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taulauhor
Member |
11-May-2026 18:57
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$25 coming. Now it is already $23 taking the latest dividend into consideration.
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MrBear12
Supreme |
10-May-2026 21:01
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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https://www.theedgesingapore.com/capital/banking-finance/ocbc-open-returning-share-buyback-portion-800-mil-special-dividends-hsbc
more special dividends coming our way??? possible!
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Joelton
Supreme |
09-May-2026 09:49
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OCBC&rsquo s hidden treasure Treasury actually. Can OCBC&rsquo s Treasury & Markets be scaled to deliver consistent double-digit growth in total income and further boost total shareholder returns? OCBC&rsquo s relatively new group CEO Tan Teck Long&rsquo s dividend policy is to maintain a 50% payout ratio as analysts clamour for more share buybacks. The higher the net profit, the higher the absolute dividends, and OCBC&rsquo s long-term shareholders prefer dividends. Let&rsquo s take a step back and focus on dividends from growth. On Feb 25, Tan introduced the Next Frontier Strategy with four important Shifts. In the Franchise Shift, available in OCBC&rsquo s 2025 Annual Report, one of the strategies is to grow OCBC&rsquo s private bank in Indonesia. To that end, OCBC&rsquo s has announced the acquisition of HSBC&rsquo s International Wealth and Premier Bank in Indonesia. Another franchise shift refers to deepening the twin hubs of Singapore and Hong Kong. The plan is to scale Global Markets in Hong Kong. Prior to joining OCBC, Tan was chief risk officer at DBS, and a member of the executive committee. He had been at DBS for 28 years and had a ringside seat to some of the changes DBS had experienced, including the setting up of its Corporate Treasury Function, and its digital shift in 2015 and 2016 following the failed attempt of the acquisition of PT Bank Danamon. In Tan&rsquo s Next Frontier, for the tech shift, he has ADD at the core, that is, AI, Digital, Data. The strategy is to embed customer centricity powered by ADD and pursue tech sectors. With a customer-centric strategy, the right customer will be delivered the right product at the right time. The shifts cut across OCBC&rsquo s consumer, wholesale, global markets, wealth management and the group&rsquo s other segments building on its One Group approach. Recall that DBS&rsquo s treasury business is an important cog in the wheel of its horizontal customer journeys. The Treasury & Markets (T& M) segment cuts across DBS horizontally - through consumer, wholesale and wealth. In FY2025 DBS reported $2.14 billion of treasury customer sales, and in 1Q2026, DBS clocked in $592 million of treasury customer sales, more than double the $269 million in 1Q2023. Banks&rsquo treasury products are used for both the banks&rsquo own treasury departments and their customers' needs. These comprise products for risk management, liquidity, investment yield, foreign exchange, interest rate hedging (ad infiniturm). The products range from offering customers investment solutions for the most simple to the most complex products for all kinds of financial assets but generally fixed income, interest rates, equities, exchange rates, and in some instances, commodities. During OCBC&rsquo s results briefing on May 8, Tan was asked about his plans for a treasury sales strategy at OCBC. &ldquo The Treasury business is a very important business for us. You have to think about Treasury business in two parts even though it' s described as trading income in our accounting terms. One part is trading. The second part is more important to us, which is trying to grow the customer flows with treasury products. This is the part where we are building up talent. If you look carefully at the quarterly results, the customer flow has been rising. To continue to sustain and grow, we have onboarded some talent, mainly in different product categories and sales. Product capability will help to drive the growth of the front-facing business, in particular the wealth business, because wealth is all about structuring products for sale,&rdquo he describes. &ldquo In our twin hub strategy in the Next Frontier strategy, we spell out that we want to scale up Treasury in Hong Kong, because Hong Kong is a wealth hub,&rdquo Tan adds. The OCBC CEO declines to give growth numbers but over time, treasury could turn out to be a growth engine to watch as increasingly sophisticated products form part of OCBC&rsquo s wealth continuum. Technically, the Straits Times Index didn&rsquo t move much during the week of May 3-8, gaining nine points week-on-week. ADX has fallen to 13, reflective of the STI&rsquo s sideways range. Quarterly momentum remains in a declining mode. 21-day RSI is moving sideways. The weight of the indicators suggests that the STI could ease mildly. Support appears at 4,700. Resistance has been established at 5,040. The uncertainty in the market&rsquo s blue-chip segment reflects investors&rsquo and market participants&rsquo reaction to the banks&rsquo results. Over and above what analysts have recommended, investors and market participants are weighing their decisions on whether they should or shouldn&rsquo t agree with the analysts. |
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Joelton
Supreme |
09-May-2026 09:48
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OCBC&rsquo s Indonesia deal a &lsquo perfect fit&rsquo for Asean wealth ambitions, says CEO, as Q1 profit beats estimates Lender&rsquo s earnings for period rise 5% to S$1.97 billion [SINGAPORE] OCBC&rsquo s acquisition of HSBC&rsquo s wealth and retail portfolio in Indonesia is a &ldquo perfect fit&rdquo for the lender&rsquo s refreshed growth road map, group CEO Tan Teck Long said on Friday (May 8). This comes as strong wealth income helped drive a robust first-quarter earnings performance. &ldquo If you recall, under our &lsquo Next Frontier&rsquo strategy, we said that we are focused on growing wealth, as well as deepening our franchise in our core markets,&rdquo said Tan at the bank&rsquo s earnings briefing. &ldquo When I looked at (HSBC&rsquo s) portfolio, I realised this (acquisition) is a perfect fit,&rdquo he added. The move included doubling down on the bank&rsquo s wealth proposition and sharpening its focus on core Asean markets, which includes Indonesia. At an earlier briefing in February, Tan also flagged that the lender was exploring merger and acquisition opportunities in the region. That ambition has since materialised. Earlier this week, on Monday, OCBC announced that its Indonesian subsidiary, Bank OCBC NISP, would acquire HSBC&rsquo s retail and wealth management operations in Indonesia. The consideration will comprise the Indonesian business&rsquo net asset value upon completion, plus a premium of up to 6.5 trillion rupiah (S$475.5 million). The deal is expected to close in the second quarter of 2027. The acquisition is expected to contribute to earnings and add S$6.6 billion to OCBC Indonesia&rsquo s assets under management. This figure includes S$4.3 billion of customers&rsquo investments in mutual funds and bonds, as well as insurance and customer deposits of S$2.3 billion. A retail loan book of S$300 million and about 336,000 customers will also be transferred to OCBC Indonesia. Around 1,300 employees are expected to join its wealth management operations. Tan described the HSBC portfolio as &ldquo very clean&rdquo , noting that it is largely made up of deposits and assets under management, unlike &ldquo most other&rdquo portfolios in the market that tend to comprise a mix of loans and deposits. Acquiring a portfolio without a significant loan component means the bank does not need to &ldquo worry about&rdquo credit costs or single-borrower concentration risks, he said. &ldquo What I really like when I look at the deposits part of the acquisition (is that) they have sizeable Casa,&rdquo he added, referring to current account and savings account deposits, which provide banks with low-cost funding. Tan also described the wealth portion of the portfolio as &ldquo highly complementary&rdquo to OCBC&rsquo s existing Indonesian franchise. &ldquo We are one of the top three privately owned banks in Indonesia... we can bolt on this acquisition and gain cost synergies very quickly. Not many banks can match our economies of scale in Indonesia,&rdquo he said. To support its wealth ambitions, OCBC will continue expanding its sales-related wealth headcount, although the bank intends to &ldquo maintain high cost discipline&rdquo at the group level. Asked about competition in both mergers and acquisitions and wealth hiring &ndash after reports that DBS and UOB had also bid for the HSBC portfolio and separately spoken about growing their wealth teams &ndash Tan said competition was not new to OCBC. Still, he noted that the exit of several international players from Asean in recent years has resulted in a less crowded competitive landscape across the region. Wealth income offsets margin pressure On Friday, OCBC reported a 5 per cent rise in net profit for the first quarter ended Mar 31 to S$1.97 billion, from S$1.88 billion a year earlier. The result exceeded the S$1.88 billion consensus estimate in a Bloomberg survey. Net interest income fell 5 per cent to S$2.2 billion amid a lower interest rate environment, as net interest margin narrowed by 28 basis points to 1.76 per cent, from 2.04 per cent previously. This came as benchmark rates in Singapore and Hong Kong declined by more than 170 and 160 basis points year on year, respectively. However, the weakness was more than offset by non-interest income, which rose 23 per cent to a record S$1.61 billion. Under that bucket, wealth management fees climbed 34 per cent to S$422 million, supported by stronger customer activity across all wealth product channels. The non-performing loan ratio was unchanged at 0.9 per cent. Total allowances rose 2 per cent to S$216 million, largely due to higher provisions for &ldquo third-order&rdquo effects from the ongoing Middle East war. These were mainly linked to risks of a macroeconomic slowdown arising from elevated oil and energy prices. &ldquo We note no significant credit deterioration, and continue to refresh our stress tests,&rdquo said group chief financial officer Goh Chin Yee at the briefing. &ldquo (The) first-order impact is not material, at less than 3 per cent of loans or 1 per cent of total assets.&rdquo Tan added that operations in Dubai &ndash where OCBC&rsquo s private banking arm, Bank of Singapore, runs a booking centre &ndash have not been affected. Staff there continue to work remotely, including the 10 to 20 per cent of employees who voluntarily chose to leave the country after the outbreak of the war. The bank maintained its FY2026 guidance, including expectations for total income to remain &ldquo stable to growing&rdquo , along with a &ldquo slight to moderate&rdquo decline in full-year net interest income. The latter outlook assumes one US Federal Reserve rate cut in the fourth quarter of 2026, as well as benchmark Singapore and Hong Kong interest rates of 1.2 per cent and 2.7 per cent per annum, respectively. OCBC maintained its expectations for mid-single-digit loan growth, credit costs of 25 to 30 basis points, and a cost-to-income ratio in the mid-40 per cent range. In the first quarter, loans grew 8 per cent year on year to S$347 billion. Credit costs improved by one basis point to 23 basis points, while the cost-to-income ratio rose to 39.3 per cent from 38.7 per cent previously. OCBC rounded off the first-quarter earnings season for Singapore&rsquo s three local banks, following DBS on Apr 30 and UOB on Thursday. Shares of OCBC : O39 +0.09% were up 0.1 per cent or S$0.03 at S$21.91 as at 2.49 pm on Friday, the same day the bank paid out dividends. The counter has gained 10.4 per cent year to date. |
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Joelton
Supreme |
08-May-2026 10:03
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OCBC Q1 profit rises 5% to S$1.97 billion, beats estimates Non-interest income rose 23% to a record S$1.61 billion [SINGAPORE] OCBC&rsquo s net profit for the first quarter rose 5 per cent, driven by strong growth in wealth management, the lender said on Friday (May 8). Net profit for the three months ended Mar 31, 2026 stood at S$1.97 billion, versus S$1.88 billion a year earlier. This was above the S$1.88 billion consensus estimate in a Bloomberg survey of five analysts. Net interest income fell 5 per cent to S$2.2 billion, amid a lower interest rate environment, as net interest margin narrowed by 28 basis points to 1.76 per cent, from 2.04 per cent previously. Non-interest income rose 23 per cent to a record S$1.61 billion, as wealth management fees increased by 34 per cent to S$422 million, with contributions across all wealth product channels on increased customer activities. The non-performing loan ratio was unchanged at 0.9 per cent. Total allowances rose 2 per cent to S$216 million, largely due to higher allowances for non-impaired assets. Tan Teck Long, group chief executive officer of OCBC, said: &ldquo We achieved a new high for non-interest income, led by our wealth business, which helped us offset lower net interest income amid a low-interest rate environment.&rdquo OCBC rounded off the first-quarter earnings season for Singapore&rsquo s three local banks, following DBS on Apr 30 and UOB on May 7. Earlier this week, on May 4, OCBC announced that its subsidiary, Bank OCBC NISP Tbk, will acquire the assets and liabilities of HSBC&rsquo s retail and wealth management operations in Indonesia. Shares of OCBC : O39 -0.55% closed 0.6 per cent, or S$0.12, lower at S$21.88 on Thursday, ahead of the results release. |
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SDEXXXXD
Veteran |
08-May-2026 07:15
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Great news plus dividend credit into bank later today. | ||||
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spursfan
Supreme |
08-May-2026 07:08
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First Quarter 2026 Results Press Release OCBC Group First Quarter 2026 Net Profit Up 5% Year-on-Year to S$1.97 billion https://links.sgx.com/1.0.0/corporate-announcements/PQIEBOAMGBBWL6S7/888006_OCBC_1Q26_Results_Press_Release.pdf https://links.sgx.com/1.0.0/corporate-announcements/PQIEBOAMGBBWL6S7/888008_OCBC_1Q26_Results_Highlights.pdf https://links.sgx.com/1.0.0/corporate-announcements/PQIEBOAMGBBWL6S7/888007_OCBC_1Q26_CEO_Presentation.pdf . |
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hokpin
Supreme |
08-May-2026 07:02
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OCBC result : Net Profit 5% YOY, 13% QOQ. Great performance! | ||||
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Joelton
Supreme |
06-May-2026 09:26
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OCBC&rsquo s Indonesia deal boosts wealth push, may herald more M& A under new CEO Tan Teck Long: analysts Industry watchers say the bank might look to high-growth Asean markets for more acquisitions [SINGAPORE] OCBC&rsquo s latest Indonesian acquisition is expected to strengthen its fee income base and expand its wealth franchise in South-east Asia&rsquo s largest economy, as pressure on lending margins pushes banks to diversify earnings. Analysts said the &ldquo bolt-on&rdquo deal could also signal more acquisitions to come, particularly in high-growth Asean markets where global banks are trimming their retail and wealth operations. On Monday (May 4) night, OCBC announced that its Indonesian subsidiary, Bank OCBC NISP Tbk, would acquire HSBC&rsquo s retail and wealth management operations in Indonesia. The total consideration will be based on the net asset value of the Indonesian business upon completion, plus a premium of up to 6.5 trillion rupiah (S$481.1 million). The deal is expected to close in the second quarter of 2027. Some analysts have welcomed the acquisition, which is expected to be earnings-accretive and add S$6.6 billion to OCBC Indonesia&rsquo s assets under management. This comprises S$4.3 billion of customers&rsquo investments in mutual funds and bonds, as well as insurance and customer deposits of S$2.3 billion. A retail customer loan book of S$300 million will also be transferred to OCBC Indonesia, along with a customer base of about 336,000. On the talent front, around 1,300 staff are expected to join OCBC Indonesia&rsquo s wealth management pool. The Singapore lender&rsquo s latest acquisition is a &ldquo good fit to incrementally grow its Indonesia franchise&rdquo , particularly in wealth management, wrote S& P Global Ratings analysts Ivan Tan and Sue Ong in a Tuesday note. &ldquo We believe wealth management is attractive in a low-interest-rate environment because it augments recurring income to cushion earnings, especially at a time when Singapore banks are facing net interest margins compression,&rdquo they added. They added that the &ldquo immediate financial impact&rdquo on OCBC is limited, given the &ldquo small size&rdquo of the acquisition. Lim Rui Wen, an equity research analyst at DBS Group Research, called Monday&rsquo s deal a &ldquo highly synergistic bolt-on acquisition&rdquo that is focused on adding affluent customers and strengthening OCBC Indonesia&rsquo s domestic wealth capabilities. The insurance and customer deposit base of S$2.3 billion should also provide stable, low-cost funding to OCBC Indonesia, said Lim. The acquisition builds on the bank&rsquo s earlier expansion in Indonesia. In 2024, OCBC acquired Bank Commonwealth Indonesia, adding more than 1.2 million customers. But not all analysts were positive on this move. UBS analysts Aakash Rawat and Benjamin Tan wrote in a report that the deal looks &ldquo a bit overvalued&rdquo , based on the reported profit before tax of S$3.9 million in 2025 for HSBC Indonesia&rsquo s retail and wealth business. They pointed out that profit before tax declined from S$30.8 million in 2023 to S$9 million in 2024. &ldquo This suggests that OCBC is buying a business which has been witnessing declining profitability over the last couple of years,&rdquo the UBS analysts added. More deals possible Beyond the latest acquisition, analysts said OCBC could continue to look for similar opportunities. In the near term, the lender is &ldquo likely in a consolidation phase&rdquo , said Bloomberg Intelligence senior credit analyst Rena Kwok. &ldquo In the medium term, I believe the group may keep a keen eye on similar portfolios in high-growth Asean markets if the valuation is right,&rdquo said Kwok. Kathy Chan, equity analyst at Morningstar, noted that Monday&rsquo s deal was &ldquo actually quite in line&rdquo with OCBC&rsquo s updated strategy, unveiled by group chief executive Tan Teck Long at the lender&rsquo s fourth-quarter results briefing in February. OCBC is scheduled to release its first-quarter results for the three months ended Mar 31 on Friday, before the market opens. At the February briefing, Tan &ndash who took over as chief executive of South-east Asia&rsquo s second-largest bank on Jan 1 &ndash laid out OCBC&rsquo s Asean ambitions under its new &ldquo Next Frontier&rdquo strategy. These included possible acquisitions in the region, funded in part by conserving capital after its existing capital return plan concludes. In FY2025, OCBC announced a two-year, S$2.5 billion capital return plan, which runs till the end of FY2026. Tan said in February that the lender would revert to its historical 50 per cent dividend payout policy after the current capital return plan ends. The bank would retain funds that might otherwise have gone towards another capital return plan &ndash equivalent to around 10 per cent of annual net profit &ndash partly to support acquisitions that fit its corporate strategy. The CEO added then: &ldquo If there&rsquo s any inorganic opportunity in Asean, we will certainly want to take a look.&rdquo The S& P analysts noted that OCBC remains well-capitalised after the acquisition, with sufficient buffers to fund inorganic growth opportunities. Morningstar&rsquo s Chan concurred: &ldquo OCBC mentioned in the media release that they don&rsquo t expect the transaction to have (a) material impact on OCBC&rsquo s capital, so we think further portfolio acquisitions in their key markets are possible with the ample capital they have.&rdquo However, JP Morgan analysts expect a &ldquo small negative reaction&rdquo for the stock since the upside from the deal is more long-term and incremental, while the probability of lower dividends may be more immediate. Global bank exits DBS Group Research&rsquo s Lim noted that global banks undergoing group-wide restructuring have started to retreat from certain locations, creating potential opportunities for Singapore&rsquo s three local lenders. In 2022, Citigroup closed deals to sell its Taiwan consumer business to DBS, and its consumer franchises in Indonesia, Malaysia, Thailand and Vietnam to UOB. The latter transaction, valued at S$4.9 billion, was completed in 2025. &ldquo We believe in some of the locations within Asia, global banks may lack scale to compete due to subscale economics alongside the complexity for some of these global banks to operate in every single location footprint,&rdquo said Lim. &ldquo For the Singapore banks, having bolt-on acquisitions in geographies they already operate in, may be complementary to their existing offerings,&rdquo she added. |
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Joelton
Supreme |
21-Apr-2026 11:30
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OCBC and partners launch South-east Asia&rsquo s first on-chain tokenised physical gold fund Institutional and corporate accredited investors can subscribe to the token using stablecoins or fiat currencies [SINGAPORE] OCBC, its asset management arm Lion Global Investors, and digital asset exchange DigiFT on Monday (Apr 20) announced the launch of South-east Asia&rsquo s first tokenised physical gold fund available on a public blockchain. The OCBC-LionGlobal Physical Gold Fund Token, or GoldX token, provides exposure to the LionGlobal Singapore Physical Gold Fund. As at Thursday (Apr 16), the fund had accumulated S$669.4 million in assets under management since its inception in December 2025. The GoldX token will be issued on the Ethereum and Solana blockchains, which are decentralised digital ledgers. Kenneth Lai, head of global markets at OCBC, said: &ldquo By bringing real-world assets on-chain&hellip we aim to enable stablecoin capital to be invested in these assets while maintaining the standards and safeguards expected by investors.&rdquo Meanwhile, Henry Zhang, founder and group chief executive officer of DigiFT, noted that tokenised access supports investors who want &ldquo institutional-grade exposure delivered in a way that integrates with modern digital custody, settlement, and portfolio workflows&rdquo . This contributes to a more open and interoperable financial system, added Zhang. How the GoldX token works The tokenisation of real-world assets such as gold involves converting ownership rights into digital tokens on a blockchain. On the blockchain, fractions of these assets can be bought and sold. For gold, this increases its accessibility by enabling fractional ownership and use in decentralised finance. OCBC noted that through the DigiFT platform, institutional and corporate accredited investors will be able to subscribe to the GoldX token using stablecoins or fiat currencies. The GoldX token will then be delivered directly to investors&rsquo blockchain wallets and can be redeemed for stablecoin or fiat currencies, added the bank. The launch comes amid a growth in demand for tokenised real-world assets. Data from analytics platform Allium shows that the market for tokenised real-world assets grew nearly 10 times between January 2024 and January 2026, to surpass US$18.23 billion. OCBC and its partners expect strong demand from Web3 ecosystem participants &ndash those who operate within decentralised, blockchain-based environments. The bank cited family offices and high-net-worth individuals as examples. &ldquo These ecosystem participants hold significant capital in stablecoins in Asia, much of it currently sitting idle,&rdquo noted OCBC. Lai added: &ldquo We believe digital assets will play an increasingly important role in financial services, and our focus is on bridging traditional finance with the emerging world of decentralised finance.&rdquo |
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Joelton
Supreme |
20-Apr-2026 11:11
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OCBC shareholders criticise dividend payouts chairman defends policy at AGM SINGAPORE - Over 1,800 shareholders flocked to the Sands Expo and Convention Centre on April 16 to hear from OCBC about its performance and dividends, and to eat the tuna onigiri and mini apple pies that were part of the bento box offerings at the bank&rsquo s annual general meeting. One shareholder asked why OCBC could not have a higher share price like the other local banks, UOB and DBS. He also raised the issue of dividends, noting they had improved from what he described as &ldquo chicken s***&rdquo , although shareholders were still asking for more. OCBC chairman Andrew Lee said the bank&rsquo s dividends are not chicken s***. Mr Lee added that if shareholders look at their total shareholder return over a five-year period, they would be up 2.5 times for every dollar invested. Over a 20-year period, they would be up 7.5 times. OCBC had breached the $100 billion market capitalisation mark on April 2 as its shares hit a record high, crossing the $22 mark per share for the first time. Mr Lee said: &ldquo Of course, everyone wants a better share price, but this is also linked to our performance, and also the external world situation.&rdquo He noted that OCBC has been flagging global risks since 2023, citing the Ukraine war, which disrupted food supply chains and contributed to the surge in global inflation. Even back then, US-China tensions were impacting global trade flows, he added. Mr Lee noted that US President Donald Trump announced another round of tariffs in April 2025, adding that policy flip-flops have continued since. He also pointed to the Middle East conflict, which dates back to 2023 but has since escalated, raising the risk of an energy shock as about 20 per cent of global oil, gas and chemicals flow through the disrupted Strait of Hormuz, with much of it bound for Asia. But he also assured shareholders that the bank&rsquo s exposure to the Middle East is &ldquo not very large&rdquo , with exposure standing at around 2 per cent to 3 per cent of its total loans. The bank is also stress testing at different levels to determine the immediate impact on customers affected by the regional war, but also the indirect, broader impact if the war causes stagflation &ndash a situation of high inflation but slow economic growth. OCBC as a storm-ready ship Mr Lee spoke at length about OCBC&rsquo s logo, which depicts a &ldquo sailing ship slicing through the waves&rdquo , or in more traditional understandings, a Chinese junk, which was one of the most advanced ships of its time. He noted that OCBC had seen signs of an incoming storm as early as 2023. &ldquo So we have been working to prepare our ship &ndash the bank &ndash for all these events. For the last three, four years, we have been quietly doing a few things,&rdquo he said. One of the decisions OCBC took was to defer the redevelopment of OCBC Centre at 65 Chulia Street, which would have cost $5 billion. Of the $5 billion saved, half was paid to shareholders through dividends as well as deployed into share buybacks, Mr Lee said. &ldquo So with hindsight, it was a wise decision,&rdquo he said, likening the bank&rsquo s call to avoid taking on an additional $5 billion in &ldquo cargo&rdquo to not weighing the ship down as it sailed into a storm. Dividend policy Responding to multiple shareholders&rsquo questions on dividends, Mr Lee said that the bank signalled in February that it would return to its 50 per cent payout policy after it has completed a $2.5 billion capital redistribution plan. &ldquo What does it mean in terms of the shift? We are reserving the provisions necessary if we need to sail into a storm,&rdquo he said. The board recommended a final ordinary dividend of 42 cents per share for 2025. It also recommended a special dividend of 16 cents per share, amounting to 10 per cent of the group&rsquo s 2025 net profit. In total, 2025 dividends will be 99 cents per share. OCBC is also aiming to finish paying out the remaining $800 million of its $2.5 billion capital return plan by financial year 2026. This means 2025&rsquo s dividends are slightly lower than the $1.01 paid out in 2024, but a jump from the 82 cents paid in 2023 and 53 cents in 2021. The Great Eastern question Mr Lee said OCBC&rsquo s failed bid to take Great Eastern private over the past two years was like &ldquo taking in cargo that fits in nicely into the ship&rdquo , in line with the bank&rsquo s aim to be an integrated financial services group. He also responded to a shareholder who asked if there would be a third chance to cast a vote regarding Great Eastern. Mr Lee said: &ldquo You have no third chance, or you have missed your chance. &ldquo But there is the open market where you can buy and sell Great Eastern shares, and that&rsquo s where we stand.&rdquo He noted that OCBC had wanted Great Eastern to do better, although he said its recent performance has been &ldquo quite good&rdquo , with a profit of around $1.2 billion, of which OCBC has a near 94 per cent stake. Brighter outlook Group chief executive Tan Teck Long said at his first annual general meeting (AGM) since taking over the top job on Jan 1 that the bank still sees a growing Asia, despite the globally complex and uncertain environment. &ldquo Trade and investment flows in Asia are still on the rise. There are also similar mega trends such as digitisation and AI, sustainability and changing demographics, including an ageing population in Singapore,&rdquo he said. OCBC will continue to invest in ASEAN domestic markets like Indonesia and Malaysia, and its twin hubs of Singapore and Hong Kong. OCBC shares closed 0.3 per cent higher at $22.72 on April 17. UOB holds AGM OCBC&rsquo s AGM came a day before that of UOB, the last of Singapore&rsquo s three local banks to hold its meeting on April 17. DBS held its AGM earlier on March 31. Shareholders at UOB&rsquo s AGM raised similar concerns, including dividend payouts and the bank&rsquo s exposure to the Middle East. When asked whether UOB would set aside provisions for small and medium-sized enterprise clients affected by the conflict, chief executive Wee Ee Cheong said: &ldquo I hope not,&rdquo but added that the bank&rsquo s balance sheet is strong enough and it would step in to provide support if needed. On UOB&rsquo s strategy in ASEAN, Mr Wee said the bank&rsquo s $4.9 billion acquisition of Citigroup&rsquo s consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam is now &ldquo paying off&rdquo . The deal, first announced in 2022, has doubled UOB&rsquo s customer base across the four markets, he said. &ldquo We must continue to invest in infrastructure to capture customers,&rdquo Mr Wee added, noting that ASEAN markets are diverse, with differing languages and customer needs. More than once, he reiterated the importance of running the bank &ldquo with discipline&rdquo for its long-term growth. &ldquo We remain committed to returning $3 billion of surplus capital from 2025 to 2027, and this reflects confidence in our balance sheets, liquidity position and our long-term strategy.&rdquo Shareholders also asked whether UOB would consider offering scrip dividends &ndash where investors can opt to receive shares instead of cash payouts. Chief financial officer Leong Yung Chee said the bank last offered scrip dividends in 2020 and has since stopped the practice. He noted that UOB instead returned $3 billion to shareholders in February 2025 through a mix of share buybacks and special dividends. Decisions on capital returns, including buybacks, scrip dividends or bonus issues, are part of a broader capital management strategy, Mr Leong said. This takes into account shareholder returns, the bank&rsquo s long-term growth needs and the importance of maintaining a sustainable balance sheet, he said. Among the resolutions passed was the approval of non-executive directors&rsquo fees amounting to around $4.5 million, which was 25.3 per cent higher than in 2024. This drew several questions from shareholders before the vote was called. One questioned if there were any criteria, such as key performance indicators, that would determine the directors&rsquo fees. He asked: &ldquo Is it better to give them less so that you can give us shareholders more dividends?&rdquo Ms Tracey Woon, independent director and chairman of UOB&rsquo s remuneration and human capital committee, said that the fees were calculated based on the prevailing market rate, and that having the right fee structure would allow the bank to &ldquo attract the right board members&rdquo to look after shareholders&rsquo interests. In response, the shareholder noted that the bank could be overpaying for directors who do not perform up to expectations, and that it was critical that the bank hired the &ldquo right talent&rdquo . Shares of UOB closed 0.3 per cent lower on April 17 at $37.40. |
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Echoes
Senior |
18-Apr-2026 08:35
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https://www.youtube.com/watch?v=SX9M5YbMczM& t=960s His portfolio is now 625k based on todays share price an increase of 80k over the last 3 months . |
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Joelton
Supreme |
17-Apr-2026 10:56
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OCBC says exposure to Middle East &lsquo not very large&rsquo at 2% - 3%: AGM Oversea-Chinese Banking Corporation (OCBC) says its exposure to the Middle East is limited amid rising geopolitical tensions. The bank&rsquo s exposure is &ldquo not very large&rdquo at about &ldquo 2% to 3%&rdquo of its loan book, says chairman Andrew Lee at the bank&rsquo s annual general meeting (AGM) on April 16. The loans were also to &ldquo very good names in the Middle East&rdquo with exposures largely in commercial paper with &ldquo good credit links&rdquo . Lee&rsquo s remarks come against a backdrop of unprecedented uncertainties since 2022, driven by the Russia-Ukraine war, US-China tensions, tariffs, interest rate movements and the recent conflict in the Middle East. &ldquo Many things are in flux&hellip as a bank we have to handle this,&rdquo says Lee. &ldquo The conflict in Iran is actually a huge challenge to the energy situation especially through Asia,&rdquo he adds, noting that 20% of the world&rsquo s oil, gas and other materials such as fertilisers flowing through the Straits of Hormuz are destined for Asia. &ldquo One thing that is very troubling is, all these things are happening at the same time,&rdquo he continues, noting that it will lead to a potential slow down in global growth. On April 15, the International Monetary Fund (IMF) trimmed its global growth projection to 3.1% from 3.3% for 2026 as the world economy could be &ldquo thrown off course&rdquo by the Middle East conflict. Given this, OCBC has conducted mandatory stress tests and monitoring both first- and second-order risks since 2023. Lee also pointed to the bank&rsquo s decision to defer the potential redevelopment of 63 and 65 Chulia Street and 18 Church Street. The development, he notes, would have cost the bank some $5 billion and would leave it &ldquo very challenged&rdquo amid the current storm. Instead, $2.5 billion were paid out through dividends and share buybacks, a move which Lee describes as a &ldquo wise decision&rdquo . In responses to pre-submitted questions, OCBC says client sentiment has remained &ldquo calm&rdquo to date with most adopting a &ldquo wait-and-see approach&rdquo . The bank also observed some net new money inflows from the Middle East-Dubai International Financial Hub towards the end of March this year. Pivot to Southeast Asia Amid global uncertainty, Southeast Asia is a &ldquo pretty good place&rdquo to be at compared to the rest of the world, says group CEO Tan Teck Long. This is Tan&rsquo s first AGM since he was announced as Wong&rsquo s successor in July 2025. &ldquo SEA is still growing. It is predicted to be one of the top four economies in the world by 2030&hellip The biggest economy in SEA is Indonesia,&rdquo Tan adds. Chairman Lee notes that Indonesia, like China, &ldquo cannot be ignored&rdquo . OCBC has steadily expanded its presence in Indonesia. The bank first bought a 22.5% stake in 2004 and raised its stake to 51% in April 2005 and subsequently to 70.62% in June 2005. In May 2024, OCBC completed the acquisition of PT Bank Commonwealth, which was integrated within the year. &ldquo We remain deeply committed to growing our business in Indonesia,&rdquo says Lee. On private credit, Tan says the bank has no direct exposure to private credit funds. Share price &lsquo can go higher if everyone buys more&rsquo Addressing questions about OCBC&rsquo s share price performance relative to DBS, Lee says the stock' s movement is linked to the bank&rsquo s performance and external circumstances. That said, OCBC&rsquo s share price &ldquo can go higher if everyone buys more,&rdquo Lee said, to laughter in the room. &ldquo It&rsquo s a serious answer. OCBC as an institution, we don&rsquo t go into the market to handle our own shares,&rdquo he explains. &ldquo For us, our share price is the result of things we do consistently over time [and the] decisions we make.&rdquo The market, which represents the views of investors, determines our share price, Lee adds. Over the past five years, OCBC&rsquo s shareholders have seen returns of about 2.5 times their investment, while 20-year total shareholder returns (TSR) stand at 7.5 times. The bank also has &ldquo no immediate plans&rdquo to tokenise its shares or to reinstate scrip dividends. Shares in OCBC closed 22 cents lower or 0.96% down at $22.66 on April 16. |
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Joelton
Supreme |
17-Apr-2026 10:55
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No further chances on GEH privatisation, says OCBC chairman Andrew Lee Oversea-Chinese Banking Corporation (OCBC) is not looking to privatise Great Eastern Holdings after its previous exercise in May 2024, says the bank&rsquo s chairman Andrew Lee at its annual general meeting (AGM) on April 16. Lee&rsquo s comments echo group CEO Tan Teck Long&rsquo s remarks made at the bank&rsquo s FY2025 results briefing on Feb 25. Back then, Tan said the exercise was a &ldquo chapter behind us already. We will not be looking at acquiring more GE shares in the foreseeable future.&rdquo OCBC has an equity stake of 93.7% in Great Eastern Holdings, which contributes to the bank&rsquo s bottom line and its dividend. For the FY2025 ended Dec 31, 2025, Great Eastern Holdings returned a profit of $1.125 billion to the bank. Great Eastern Holdings is an &ldquo integral part&rdquo of the bank&rsquo s whole of wealth strategy as well, Lee adds. When asked about lessons on the failed privatisation, Lee only noted that the bank had taken in &ldquo cargo that fits in nicely with the ship&rdquo . &ldquo We don&rsquo t buy anything that will struggle to integrate,&rdquo he says. He adds that shareholders interested in the insurer can buy and sell Great Eastern&rsquo s shares on the open market thereafter. Great Eastern reopened on the SGX on Aug 21, 2025, at $13.21. |
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seanpent
Supreme |
26-Mar-2026 09:42
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Yes. Have seen tenacity and resilience here. One possibility is that OCBC is very undervalued. | ||||
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Delvyss
Elite |
25-Mar-2026 14:06
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TP: 23 https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/OCBC_SP.xml |
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