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OCBC Bank
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Nera Telecommunications - The hidden Gem
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AhLiang
Elite |
07-May-2020 11:47
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Great Eastern reported 90% plunge in profits. What is going to be OCBC'' result tomorrow? | |||
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john_ric
Supreme |
05-May-2020 13:49
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john_ric
Supreme |
04-May-2020 16:57
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2 more weeks for the e-agm on Monday, 18 May 2020 at 2.00 p.m. (Singapore time) | |||
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Francisgohyc
Master |
04-May-2020 11:32
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Will buy in on the 3rd week at around $8 (4000 share) , hope to get it and keep for long term | |||
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Joelton
Supreme |
30-Apr-2020 10:14
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Banks set to report first profit falls since 2016All three of Singapore' s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fuelled economic slump. Net income at each lender probably slid between 21 per cent and 28 per cent in the three months ended March 31 from a year earlier, according to the average estimates of six analysts surveyed by Bloomberg. DBS Group Holdings, the nation' s largest bank, is seen to report the steepest profit drop when it kicks off the earnings season today, while OCBC Bank is forecast to report the smallest contraction. The pain for Singapore' s lenders is set to persist as Singapore braces itself for a sharp economic contraction this year, thanks to the pandemic that is crippling manufacturing, tourism and other services. Banks are also contending with falling interest rates and slowing loan growth, and the crash in oil prices may trigger defaults among local firms that cater to the energy sector. " Banks always tend to do badly in the midst of an economic recession," said Ms Tan Min Lan, Asia-Pacific head of UBS Global Wealth Management' s chief investment office. The slumping economy will fuel bad loans, squeeze interest margins and slow credit growth, she said. OCBC and United Overseas Bank will report next week. The last time the trio all posted a profit retreat was in the final quarter of 2016, when many energy-related firms defaulted in the aftermath of an earlier oil slump. Analysts are predicting a sharp jump in credit costs due to the banks' exposure to the oil, gas and commodities sector and loans to small and mid-sized companies. The banks had combined exposure of US$680 million (S$962 million) to Hin Leong Trading, the Singapore oil trader that filed for court protection from creditors this month, as of April 9. It is not clear whether the local lenders will have provisioned against Hin Leong by the end of last month. DBS may have booked a loan-loss buffer of $640 million in the quarter, up from $76 million a year ago, according to Morgan Stanley analysts. They see OCBC' s provisions swelling 81 per cent to $451 million, and UOB' s more than tripling to $380 million. Jefferies analyst Krishna Guha expects the banks to book credit costs of 60 to 100 basis points and said guidance will be crucial to understanding the cost trajectory this year. Analysts expect single-digit declines in net interest margins this quarter, but said loans will be supported by larger companies drawing on commitment lines and banks providing short-term US dollar liquidity last month. Net interest margins probably shrank only slightly in the quarter because the United States Federal Reserve' s interest rate cut came late in the period, Citigroup analyst Robert Kong said in a note. The banks are expected to give guidance on this year' s dividends, with UBS Securities saying cuts are more likely for DBS and UOB than OCBC. OCBC has " more headroom" to maintain dividends given its higher capital levels and lower current payout ratio, Sanford C. Bernstein analyst Kevin Kwek wrote in a note. Analysts estimate dividend yield for all three banks to remain between 4 per cent and 7 per cent this year even after earnings decline, supported by Tier-1 capital ratios exceeding 14 per cent. https://www.straitstimes.com/business/banking/banks-set-to-report-first-profit-falls-since-2016 |
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FATABA
Supreme |
27-Apr-2020 09:58
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DBS dividend for 2019 is more of less confirmed subject to agm approval ( jus former process only) Separately CEO DBS has given some good assurance that DIVIDEND will be continue until DBS has NO CASH ( LOL ) which is a good assurance given to dividend uncle supporting DBS as a retirement ( in an interview ) I think OCBC will n UOB will definately pay 2019 dividend too THe ONLY potential possibility is a cut IF ( only IF ) the virus crisis goes so ugly that profit is gone . ANyway DBS will b known on 30th APR , OCBC 18th May . UOB TBA Good luck DYODD
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damianlee
Member |
27-Apr-2020 09:11
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Usually the AGM is to approve the dividends declared. Baring any unforeseen circumstances the dividends will be paid. Am I right?
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NT1825
Master |
26-Apr-2020 23:57
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If the airline or any trading company owes the bank, the banks maybe distressed if the borrower has cash flow issues or get into financial difficulties. In this case the banks hold some stakes/ risks and how much it depends how much the bank has been exposed to bad loans.
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john_ric
Supreme |
26-Apr-2020 23:42
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dbs doing the same on 30apri. ocbc div will be given out IF approved in agm. uob yet to fix a date |
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damianlee
Member |
26-Apr-2020 23:04
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Does it means that dividends declared will be given out since there wil be a virtual AGM? Does it means dbs and Uob will be doing the same? Thanks | |||
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john_ric
Supreme |
26-Apr-2020 11:19
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NOTICE IS HEREBY GIVEN that the Eighty-Third Annual General Meeting of Oversea-Chinese Banking Corporation Limited (the Bank) will be convened and held by way of electronic means on Monday, 18 May 2020 at 2.00 p.m. (Singapore time) to transact the following business: | |||
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NT1825
Master |
24-Apr-2020 14:56
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Price can' t go to 0% mark or 100% mark next few days but I think the price has factored these situation. I view that it has a better chance of going higher in the longer term. Your expression &ldquo hoveris around 8.62&rdquo tells it is hanging in equilibrium waiting for the next mass migration.
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dangerera
Member |
24-Apr-2020 13:11
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Real newbie to investing. OCBC now hovers round 8.6. Considering their investment and Oil/Gas and after effects of COVID, is it a good time to enter? Any opinions? | |||
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goondoo
Senior |
20-Apr-2020 19:32
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Ocbc is down 30% from feb to mar 2020. Not much better than any other stock. But to be fair, hsbc share price is also equally terrible in the rebound. | |||
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Justice888
Supreme |
20-Apr-2020 19:25
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Maybe banks are less shorter so less short coverings . Don?t forget shortist also play important role for the increase in price. No shortist no short coverings . Will the market go up? Answer will be no ba
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goondoo
Senior |
20-Apr-2020 19:10
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Are banks much worse than airlines and hotels? Judging by the rebound from bottom, maybe. It seems that SIA and hotel reits, SATS, Yangzijiang shipyards, retail mall reits like fraser, suntec, casino like genting, property counters, tech like Venture, AEM, any sector u can think of has a much brighter future. Only SPH share price is worse than banks from the bottom in march 2020. | |||
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john_ric
Supreme |
20-Apr-2020 18:02
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banking counters are under pressure in the past few days. may be signalling bad qtrly reports ahead?? | |||
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goondoo
Senior |
20-Apr-2020 17:27
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Ocbc is underperforming the entire Singapore stock market and STI in the rebound. 10% up from $7.8 to $8.7 vs about 20% up for dbs & uob, 50% (genting & cdl h trust). Ocbc even worse than SIA ($5.35 to $6.25 about 20% up). Reminescent of Lehman brothers days 12 years ago. Personal opinion only based on the share price performance. | |||
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john_ric
Supreme |
14-Apr-2020 23:09
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from the report: Final Dividend The Board has proposed a final tax-exempt dividend of 28 cents per share. This represents a 22% increase from the final dividend of 23 cents a year ago and 12% rise from 2019 interim dividend of 25 cents. Together with the interim dividend of 25 cents per share, the total dividend for 2019 amounts to 53 cents per share, 23% or 10 cents higher than the 43 cents in the previous year. The Scrip Dividend Scheme will not be applicable to the final dividend. The estimated total dividend payout will amount to S$2.31 billion, up 27% from 2018. This represents a dividend payout ratio of 47% against core net profit, which is above the 40% a year ago. ================= |
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cobrajr
Veteran |
14-Apr-2020 20:59
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https://links.sgx.com/1.0.0/corporate-announcements/9XF0HSRWXP6KEA7H/OCBC_issue_of_Annual_Report_2019_14Apr2020.pdf |
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