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3 BIG Spore banks ....:))
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FATABA
Supreme |
11-Jul-2024 14:14
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Thanks for pointing out ....yes shld be P/B ....my error here. 
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prophetjul
Master |
11-Jul-2024 13:59
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You meant P/B = 1.8X? If PE is 1.8X, i will back uo the truck.  :P
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FATABA
Supreme |
11-Jul-2024 09:35
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Yet again the 3 banks are powering up our STI ......3500 coming ....please note ( DYODD)  1, DBS is going to new high ....PE of over 1.8X ...wow  MUCH higher then the other 2 .  Many are speculating on special divdend ? 2, Interest wld be cut 2 or 3 X .....but this is a double edged sword  3. The Israel side is hotter then needed ....will Iran be drawn in  ?    4. Chiina/EU issue is not going to be better ....just awaiting the next action .  5. Biden .....will he still stand for election ? Or will someone be taking over ......and so what is Trump chances ?    Result can be of GREAT effect on  world stock market ...4Q .2024 6. Not forgetting our own coming election .....which might not be a big changer .  It is really time to DYODD ,,,DYODD .    Happy investing .   |
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finjungle
Veteran |
10-Jul-2024 10:07
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just a reminder: beware of the mot toppish valuation.dont be carried away. money n the pocket is worh more than those in the market | ||||
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FATABA
Supreme |
10-Jul-2024 09:54
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Again the 3 banks are powering STI to 3450 .....w DBS leading the charge.  MQ has up the TP to $41 .  big volume in this one hour of trade.  DYODD |
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huattuatua
Elite |
09-Jul-2024 11:14
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huat arrrrrrr
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FATABA
Supreme |
08-Jul-2024 15:58
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All our banks have hit new high and some corrections are coming in .  Expectation/s for a good ( how good?) 1H result and more so the payout could change direction in either way .  Are there any forward pricing into today price ?  Especially for OCBC and UOB which might not be as strong as the Big brother  Globally interest cut would certainly and can be a cause of some correction    Anyway short term USA bank result might offer some indication .  The short term direction is tough for guess.......good luck  |
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pkli899
Supreme |
05-Jul-2024 16:40
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Haha, this 80 number somehow appeared in my dream last night.
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alanchee
Senior |
03-Jul-2024 15:17
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I have a feeling that if the privatisation of GE fails, OCBC will distribute some shares to its shareholders to restore the free float.. They would have gone thru all the various scenarios prior to making the offer. NOt sure if this happens will GE price start to fall back towards pre offer or continue to maintain current price?
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chubbybastard
Member |
03-Jul-2024 11:33
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Don' t bet on it. OCBC is known to be kiamsiap. Maybe only slightly better than the old dinasaur bank UOB.  I don' t expect special dividend from OCBC. They will come up with some BS stories about having to digest the purchase of GE Then go pay extra few millions to Helen and her goons. An absolute stinker of a stock for shareholders compared to DBS 
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RL16EGG
Veteran |
03-Jul-2024 11:26
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haha. Today the 3 banks again really ' fierce' .  My view is if OCBC breaks 15.5, the rally is more than dividend play. As people here pointed out it may be close having majority say on GE takoever. If this were the case, the price would go berserk, as the value would be factored in.
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FATABA
Supreme |
03-Jul-2024 10:52
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LOL brother keep cool .  Life goes on   
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Echoes
Senior |
03-Jul-2024 09:50
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If OCBC crossed $25 I go fire my boss tomorrow..................
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FATABA
Supreme |
03-Jul-2024 09:45
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Congrate to all bank counters ....hit new high .....lead again by DBS ....over $1 for 2 days in a row ....wow  ( what is next )  All crossing major barrier ....38, 32 ( UOB is now $6 lower then DBS) and OCBC crossed $25 ( tmr is the closing of GE offer )  Hmm....OCBC will be interesting next week.....let see how they are going to handle GE counter ???    ( expect some short term volativity ?    Happy investing.  |
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RL16EGG
Veteran |
02-Jul-2024 15:50
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oops i obviously mean 14.8 and 14.2 haha.  My eyesight is failing.
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RL16EGG
Veteran |
02-Jul-2024 15:38
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Valid point. The way ocbc is roaring now may suggest above 44c, my pious hope. For me I hope it rallies around 4.8 so that when it XD still can add more around 4.20. The value of GE has yet to be factored in. It will take time and the price surge is expected.
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FATABA
Supreme |
02-Jul-2024 15:33
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This is on book and I doubt OCBC can delist GE so soon .. dont think they need any debt funding as you rightly pointed out .  BUT definately OCBC ( any smart CEO) wld not take GE private and then offer OCBC SH a special payout so soon ....maybe next few years  DYODD
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Alignment
Elite |
02-Jul-2024 15:19
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OCBC is buying GE so cheaply that the value upside between the price paid and the actual value can be used to pay a special dividend. From a cash perspective this could easily be debt funded. Not saying OCBC will actually do this, just that it could, given the value creation from the deal. |
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FATABA
Supreme |
02-Jul-2024 15:15
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except for DBS which was confirmed and expected from CEO we can expect a special/bonus dividend payout ....1H or full year is everyone guess  ( dbs do have this already in its capital )  UOB is more unlikely w the large $$ spend last year . And will take time to digest .  OCBC is questionable ....GE purchase do cost something ...AND IF ( I say IF ) need to stay afloat w 10% shares listing .....OR another bid for balance of shares.  ( whatever, OCBC is already over 50% of payout ) ......I doubt Helen will take any risk on special payout .  The $3B profit do not come in so fast this year.  So honestly I doubt OCBC can offer any special payout . DYODD |
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Goldfinger
Supreme |
02-Jul-2024 14:51
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What about the release of excess capital from CET 1 savings as special dividends???  The local banks are flush and have excess regulatory capital...
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