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OCBC Bank
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Goldminer
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Starship
Supreme |
20-Feb-2019 09:24
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Very weak results for GE Life.  Doesn' t look good for OCBC this Fri...................... Great Eastern Q4 profit falls 68% to S$137m on market volatility WED, FEB 20, 2019 - 8:27 AM GREAT Eastern reported on Wednesday a  68 per cent fall in net profit for the fourth quarter, roiled by volatile market conditions.  Net profit for the three months ended Dec 31, 2018 stood at S$136.9 million, down from S$426.8 million for the same period a year ago. The quarter registered " unfavourable financial market conditions" in particular, and in contrast, the year-ago fourth quarter registered exceptionally high gains from higher valuation and sale of investments, the insurer said in a media statement. Operating profit from the insurance business alone for the fourth quarter was up 5 per cent from a year ago to S$171.6 million.  But with the market volatility, Great Eastern registered a loss in shareholders&rsquo fund&rsquo s investments of S$45.4 million, swinging from a gain of S$182.7 million in the same period a year ago. The group' s total weighted new sales fell 30 per cent from a year ago, in the absence of a " product campaign" for the year-ago period. Correspondingly, the new business embedded value for the insurer dropped 7 per cent for the fourth quarter, compared with the year-ago period.  The results translate to earnings per share of 28 Singapore cents, down from 90 Singapore cents for the same period a year ago.  The board has proposed  a final one-tier tax exempt dividend of 50 Singapore cents per ordinary share. For the full year, net profit fell 29 per cent to S$740.7 million. https://www.businesstimes.com.sg/companies-markets/great-eastern-q4-profit-falls-68-to-s137m-on-market-volatility   |
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JoeJordan
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19-Feb-2019 09:28
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OCBC - SOLID AS A ROCK!! | ||||
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FATABA
Supreme |
19-Feb-2019 09:26
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Just need the result on Friday ...it will see $12 ...DYODD More good news are coming up ......China just announce the Greater Bay Area aims to rival California Silicon Valley . ( HK Macau S china) Great for DBS n OCBC with a good operation in Southern China .  No wonder CEO DBS mention some contract this year w China securities  ( no detials yet.....anyone know)...OCBC has strong position in Souther China. Happy investing.....awaiting opportunity to add.
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Sephirah07
Veteran |
19-Feb-2019 00:22
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look damn rock solid these days OCBC. 
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FATABA
Supreme |
18-Feb-2019 09:57
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W DBS good result ....OCBC alrdy cross 11.70 HK OCBC is expected to do well just as DBS HK side.  expecting min 20c dividend and if anything 22/25 wld be a catalyst for the OCBC to sail above $12. Happy investing . DYODD
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Qanghoo
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13-Feb-2019 22:11
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That' s why I don' t take up GE.
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Starship
Supreme |
13-Feb-2019 20:03
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Their Great Eastern Life as well. Paying huge commissions and perks to agents but super stingy with divvy. Disgraceful
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Goldfinger
Supreme |
13-Feb-2019 19:48
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OCBC is by far the stingiest of the local banks. Many people are disgusted by its selfish Board and Management and low dividend paying policy. This is why the share price has languished, compared to the other local banks.  They have to redeem their tarnished image. | ||||
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FATABA
Supreme |
13-Feb-2019 13:00
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OCBC has break thru 11.60 ......where is the next level ? result 22nd together w UOB .......relatively certain that OCBC result w b better base on first 3 qtrs .  Catalyst wld be a step up on its dividend payout . Dyodd. Happy investing.
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chenkhoon
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01-Feb-2019 08:19
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Its not SGian, its the foreign investors not interested in Singapore Stock Exchange.
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$warrior
Master |
31-Jan-2019 22:39
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Yup its the usual SGX show - others chiong, we wimper - others go down slightly we lao sai!   But its reflective of the SGian nature - Kia Su Kia Si mentality...
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alidaud
Senior |
31-Jan-2019 18:42
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Yes good http://www.cakap.net/gann-square-of-9/?s=ocbc& cp=11.51 |
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Sephirah07
Veteran |
31-Jan-2019 15:24
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damn damn strong sia OC today. good good! 
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FATABA
Supreme |
31-Jan-2019 15:21
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Agreed ...more of a profit taking n push higher. Most possible catalyst wld be the comg result on 22nd Morning.  if increased dividend ( a high possibility) wld be great. Dyodd Happy investing.
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Starship
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25-Jan-2019 18:47
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The entire SGX is pathetic and a disgraceful performance as usual. Hardly move up today when HK stocks again cheong like no tomorrow, yet again. ![]()   |
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batambird
Member |
25-Jan-2019 18:42
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Pathetic...all 3 banks vomit gains by closing.. even uob close in red... i guess bcoz of the mortgage report came out this morning...   |
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trademaster
Supreme |
25-Jan-2019 09:56
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Think is quite true 11.20 is the safest level to get in. Thats why i nibble a bit only ...
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trademaster
Supreme |
25-Jan-2019 09:16
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Drop back very fast
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trademaster
Supreme |
25-Jan-2019 09:05
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Now in the money also can take profit for short term
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ss2017.
Supreme |
24-Jan-2019 17:14
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Most people view OCBC as uptrend, so today 11.30 might be at its bottom price although people suggested it should  be 11.20 which I think it may not be there anymore. So pick up some first for holding or for dividend, either way is good.  | ||||
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