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KrisEnergy
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RL16EGG
Veteran |
16-Apr-2024 15:26
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Steady, envy your 7-9$. I do not trade either. Like you I am accumulating but I need to bring my average price as low as possible leh. 13.5 is supporting pt, break this one, next one 13 ..... below 13 would be great for me haha
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seanpent
Supreme |
16-Apr-2024 15:15
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https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist " Market-makers are allowed to naked short" |
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Echoes
Senior |
16-Apr-2024 14:48
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I dont do trading . Today I added some at 1350 . I started collecting OCBC in 2011 , when it was 7+, and have not sold any . Todays 1350 is my most expensive purchase , but then again , my average purchase price over the past 13 years is $9. Adding 1 lot of 1350 into a pool of 9 hardly raises the average purchase price . I guess we all have different ways of dabbling in the stock market , no right no wrong , to each his own . Thats why the market is interesting , right ? 
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RL16EGG
Veteran |
16-Apr-2024 13:17
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Thanks for the update. Lets wait for the war dust to settle down first. I see the downside very high. Its anybody' s guess when it will cool down.
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MrBear12
Supreme |
16-Apr-2024 12:09
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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A special dividend of 1-2 dollars would be nice if they had so much ' excess' capital. | ||||
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Echoes
Senior |
16-Apr-2024 12:04
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OCBC has the highest CET1 amongst the 3 banks and I read an article not too long ago that it has an estimated 6b in excess capital. The current OCBC Centre did not fully utilise the plot ratio ( ie not built to the maximum permissible floor area that it is allowed ) so there is no need to pay a Development Charge for betterment use of land . No land cost , no development charge , only need to fund the construction cost . 6b is more than enough . No need to borrow. Downside is no return of excess capital to shareholders . 
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FATABA
Supreme |
16-Apr-2024 11:10
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For OCBC itself to own this centre .....I doubt so . Traditionally OCBC is not in this ....the management cost of a centre, security system and 24 hrs running of it . would it be better to rent out couple of floors for someone to run it and collect long term rent ? ( of course . promise OCBC data mgt business to them LOL ) Whatever, setting up data centres is a cost heavy and high running cost business ( more rule are coming in too esp on security etc) Whatever Chulia central project would be a big boost to OCBC ....if I recall adding 1.10 to its book value ( wow) DBS is holding well w 3 full days of trading before XB ......hmm timing is not good w Iran situation . DYODD
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MrBear12
Supreme |
15-Apr-2024 16:50
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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As good an idea as setting up a golden pig in the middle of the OCBC centre.
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GoldenPig
Veteran |
15-Apr-2024 16:45
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I wonder .... would it be a good idea or dumb one for OCBC to include a subterranean data centre when they redevelop their Chulia St properties? | ||||
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seanpent
Supreme |
15-Apr-2024 14:43
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" Dow Jones Futures Rise As U.S. Urges Israeli Restraint After Iran Drone, Missile Attack"https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-iran-attack-on-israel/
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MrBear12
Supreme |
11-Apr-2024 19:40
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Ocbc has good vision. Good for property developers too. Target 20 dollars while dbs hits 50. I hope to live to see the finished development. Tallest building in SG? | ||||
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aragosta
Supreme |
11-Apr-2024 16:27
Yells: "BBs never say why when they buy; never tell when they sell" |
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Ok, here it goes..... by then $20 is not impossible.....
OCBC TO REDEVELOP SINGAPORE HEADQUARTERS INTO RAFFLES PLACE SUPER-PROJECTOversea-Chinese Banking Corp (OCBC) is planning to redevelop a trio of buildings near Raffles Place that make up the bank&rsquo s headquarters, in a move which could add a new mixed-use complex to Singapore&rsquo s central business district. The OCBC Centre at 65 Chulia Street, along with the adjacent OCBC Centre East and OCBC Centre South, which fronts Church Street, occupy a site which combined spans more than 120,000 square feet (11,148 square metres), and could be redeveloped into a 1.8 million square foot complex. Mingtiandi. understands that OCBC has appointed JLL as exclusive adviser for its plan to redevelop the three buildings, with the new complex potentially yielding 25 percent more space than the combined 1.35 million square feet of GFA in the existing structures. &ldquo We are exploring the redevelopment of the 63, 65 Chulia Street and 18 Church Street to rejuvenate a strategic area in the central business district,&rdquo Emily Teo, the bank&rsquo s group head for property management, said in a statement to media on Wednesday. &ldquo Any redevelopment plans being explored will include preserving the rich heritage of OCBC Centre, a widely recognised iconic landmark in Singapore and Southeast Asia designed by the late renowned architect IM Pei.&rdquo Centre City HubThe project could potentially incorporate a mix of office, retail and hospitality uses, according to an account by the Business Times, which broke the news. Market sources who spoke with Mingtiandi said JLL is likely to conduct a request for proposal campaign for the project, with OCBC and JLL declining to share details of the plan. Alan Cheong, head of research and consultancy at Savills Singapore, sees the redevelopment as &ldquo imperative&rdquo since the properties, which are leased to third party tenants, in addition to serving as the bank&rsquo s home base, are already three to five decades old and trail market efficiency standards. He also noted that the site two short blocks from CapitaLand&rsquo s CapitaSpring project in Singapore&rsquo s core business district has not been developed to its fullest potential. &ldquo The clutch of OCBC buildings sit on plots of land with a plot ratio of 15. Judging from the height of the existing buildings versus UOB Plaza 1 and CapitaSpring, which also has plot ratios of 15, it appears that the OCBC sites are not built to their fullest potential in terms of gross floor area,&rdquo Cheong told Mingtiandi. The redevelopment plan, which could yield 450,000 square feet of additional space for OCBC, comes as average office rents in Singapore&rsquo s central business district rose to an average of S$11.42 ($8.48) per square foot in the first quarter, to reach their highest level since the fourth quarter of 2008, according to JLL. During the first three months of the year, vacancy dropped to a post-pandemic low of 5.3 percent, from 5.5 percent at the close of 2023. Partner SearchWith the bank said to be looking for a partners for the redevelopment project, Cheong added that finding an ally with the financial clout and development expertise to manage the development would be crucial. &ldquo Potential players could be private equity funds or large developers with a sterling balance sheet and good risk management procedures in place so as to ride through the development and ownership process hand in hand with the bank,&rdquo Cheong said. Standing 197.7 metres (649 feet) tall, the OCBC Centre was the tallest building in Southeast Asia when it was completed in 1976. Built on the site of the China Building that had been the bank&rsquo s home since it was founded in 1932, the tower cost OCBC S$100 million at the time. OCBC Centre South was completed in 1985 and OCBC Centre East followed in 1996 with the original building being designated as a historic site by the National Heritage Board in 2001. The properties are located near the Singapore River and about 10 minutes walking distance from Raffles Place and Clarke Quay MRT stations. OCBC is understood to be looking for an office of 300,000 to 400,000 square feet which it could use as a temporary base during the redevelopmen |
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FATABA
Supreme |
11-Apr-2024 14:55
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Cant agree w you more ... 2024 could be a good year for our 3 banks . DBS is ready to move on w CEO promise ...another $10B profit expected and any upside from this wld justify special dividend . OCBC is going $14 and w redevelopment of its CHulia centre ...wow just imagine the book value LOL ( what about GE ......haha) so breaking 14 is not how ...but when . UOB could be dark horse ......integration of VISA cld bring snergy to its operation .....and might spring a surprise from his son . ( hope he can justify his role now .) DYODD Happy investing.
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Goldfinger
Supreme |
11-Apr-2024 14:52
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The new OCBC APAC Financial ETF is going to be a positive for local bank shares. Local banks account for 20% of the index component. Should see some ETF fund buying, to match demand. OCBC, Lion Global to launch Apac financial sector-focused ETF (businesstimes.com.sg) |
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Alignment
Elite |
11-Apr-2024 14:20
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Singaporean banks is the place to be given Fed higher for longer and Singapore monetary policy being tied to inflation management via FX control. | ||||
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seanpent
Supreme |
11-Apr-2024 13:09
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Yeah ! :)
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MrBear12
Supreme |
09-Apr-2024 18:25
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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The way OCBC is performing is attracting some bears. $14 is a very sweet spot. Trade in 13s |
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MrBear12
Supreme |
09-Apr-2024 13:20
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I will not go that far to venture an increase in dividend payout. Simple reason is there is already an increase just by the bonus shares. Neither will I guess their profits to be 10% higher or whatever. Wait for consensus and see what overall market expects. Then we can form our own views. Even CEO will not know exactly what profits are gonna be. He may hint based on projections. Trade what we see and not what we hope to see |
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FATABA
Supreme |
09-Apr-2024 13:12
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Base on CEO hint ....and if 1H result crosses the $5.5B mark or even just $5+ B I think a special bonus might be given in half year dividend ( lol just by just and guess....hope I am right ) Dyodd Happy investing.
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seanpent
Supreme |
09-Apr-2024 11:25
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Agree may not be soon. Patience is the key ..... as long as its not till the cow come home :)
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