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OCBC CEO meets key Great Eastern deal holdouts in $1.4 billion takeover bid
https://www.straitstimes.com/business/ocbc-ceo-meets-key-great-eastern-deal-holdouts-in-1-4-billion-bid
Are we going to hear more of the GE ongoing soon ?
Still intact
https://www.investing.com/equities/oversea-chinese-banking-corp.-technical
https://www.investing.com/equities/oversea-chinese-banking-corp.-technical
Delvyss ( Date: 20-Jan-2025 13:19) Posted:
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With UOB bigger move today, will OCBC be having a lower PB ratio of the 3?
And, how' s the GE offer turning out?
And, how' s the GE offer turning out?
Today to the moon?
May probably hear something positive soon as the date nears
seanpent ( Date: 24-Dec-2024 10:13) Posted:
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Possibly strong short squeezing
Yesterdays buyback was 294 lots at $17.43 .
Last 5 trading session closing was 16.64 , 16.57, 16.79, 16.85 , 17.55
5 sessions average $16.88
5% above ave = $17.72
Any buybacks today must not be higher $17.72
Lets see if OCBC still do buyback today .
For the fun of it .
Last 5 trading session closing was 16.64 , 16.57, 16.79, 16.85 , 17.55
5 sessions average $16.88
5% above ave = $17.72
Any buybacks today must not be higher $17.72
Lets see if OCBC still do buyback today .
For the fun of it .
Echoes ( Date: 08-Jan-2025 13:13) Posted:
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Oversea-Chinese Banking Corp (OCBC SP) Trading buy range: S$16.90-16.95
Last price: S$17.55 Target price: S$18.72
Protective stop: S$16.42 Price further penetrated its previous price high resistance, keeping the uptrend strong and bullish.
Conversion and base lines remain in a bullish crossover. MACD is rising.
These could increase chances of the stock price moving higher.
We see increasing odds of stock price testing S$18.72.
Stops could be placed at S$16.42.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental BUY and target price of S$21.00.
From UOBKH
Last price: S$17.55 Target price: S$18.72
Protective stop: S$16.42 Price further penetrated its previous price high resistance, keeping the uptrend strong and bullish.
Conversion and base lines remain in a bullish crossover. MACD is rising.
These could increase chances of the stock price moving higher.
We see increasing odds of stock price testing S$18.72.
Stops could be placed at S$16.42.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental BUY and target price of S$21.00.
From UOBKH
Agree with you. Long overdue. :)
Keeping close watch on the rest of the component stocks now.
Keeping close watch on the rest of the component stocks now.
Fiat500 ( Date: 08-Jan-2025 15:15) Posted:
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Buy the SGX listed Soc Gen DLCs for leveraged returns.
Very precise market making.
DLCs are different from overpriced covered warrants
Very precise market making.
DLCs are different from overpriced covered warrants
Fiat500 ( Date: 08-Jan-2025 15:15) Posted:
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Long overdue for UOB to play catchup to his big brother DBS. The gap is getting wider n wider n more importantly OCBC is the most laggard of the 3 bank stocks. It has even more catching up to do...
Delvyss ( Date: 08-Jan-2025 13:54) Posted:
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UOB just broke out
Delvyss ( Date: 08-Jan-2025 11:51) Posted:
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At the rate the OCBC is rising ( 3% today alone ) , very soon it will hit the threshold of 5% where they are no longer allowed to do buybacks .
I estimate the figure to be around $17.50 .
I estimate the figure to be around $17.50 .
Echoes ( Date: 08-Jan-2025 09:44) Posted:
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OCBC already owned 93% of GE , so if you hold OCBC shares you already indirectly own GE .
If OCBC distributes GE shares to shareholders , the book value of OCBC will be reduced accordingly and OCBC share price will be reduced as a result .
So the OCBC shareholder will own GE shares directly , but his OCBC share price will also be reduced as well .
Most likely it wont be a zero sum game , the shareholders total holdings ( OCBC + GE ) will most probably increase , but I dont think it will be a situation where you can huat .
My presumptions only .
If OCBC distributes GE shares to shareholders , the book value of OCBC will be reduced accordingly and OCBC share price will be reduced as a result .
So the OCBC shareholder will own GE shares directly , but his OCBC share price will also be reduced as well .
Most likely it wont be a zero sum game , the shareholders total holdings ( OCBC + GE ) will most probably increase , but I dont think it will be a situation where you can huat .
My presumptions only .
moonsun ( Date: 08-Jan-2025 12:08) Posted:
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If distribution of GE shares to ocbc holders as per one sharejolder suggestion.. then all ocbc also huat ah?
DBS > > > OCBC
Taking turns to breakout :)
Taking turns to breakout :)
ATH today of $17.10 at time of writing .
OCBC conducted share buybacks of around 300 lots daily since the beginning of this new year .
Like DBS , they are buying back despite the ATH prices .
Unlike DBS , they are not buying back for cancellation as a form of returning capital to shareholders . From what I understand from their AGM 2 years ago , they do buybacks regularly primarily to reward their staff as share options .
I am fine with that , though .
OCBC conducted share buybacks of around 300 lots daily since the beginning of this new year .
Like DBS , they are buying back despite the ATH prices .
Unlike DBS , they are not buying back for cancellation as a form of returning capital to shareholders . From what I understand from their AGM 2 years ago , they do buybacks regularly primarily to reward their staff as share options .
I am fine with that , though .
New territorities is imminent.