OCBC Bank    Last:23.4    -0.54

ocbc buyers fight back from the shortists

my great great great grandfather first investment already is in ocbc
https://www.ocbc.com/group/about-us/group-business/milestones.page

chartiskao      ( Date: 10-Jan-2024 16:13) Posted: since the 60s it is already paying good dividend and very steady and growing in dividend https://investors.sgx.com/securities/stocks?security=O39 https://finance.yahoo.com/quote/O39.SI/history?p=O39.SI chartiskao      ( Date: 10-Jan-2024 16:06) Posted: https://finance.yahoo.com/quote/O39.SI/chart?p=O39.SI#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-   https://www.dividends.sg/view/o39

 

since the 60s it is already paying good dividend and very steady and growing in dividend

chartiskao      ( Date: 10-Jan-2024 16:06) Posted: https://finance.yahoo.com/quote/O39.SI/chart?p=O39.SI#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-   https://www.dividends.sg/view/o39 chartiskao      ( Date: 10-Jan-2024 16:04) Posted: it is time to dump venture share after its sharp rise below $12 and buy ocbc after its sharp fall above $13 https://finance.yahoo.com/quote/V03.SI/chart?p=V03.SI#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

 

chartiskao      ( Date: 10-Jan-2024 16:04) Posted: it is time to dump venture share after its sharp rise below $12 and buy ocbc after its sharp fall above $13 https://finance.yahoo.com/quote/V03.SI/chart?p=V03.SI#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- chartiskao      ( Date: 10-Jan-2024 15:54) Posted: https://english.kyodonews.net/news/2024/01/a7014f20cd2a-update1-n-korean-leader-calls-s-korea-principal-enemy-state-media-says.html   https://www.forbes.com/lists/korea-billionaires/?sh=47ec0c8c2222   will they move their money out soon?

 

it is time to dump venture share after its sharp rise below $12 and buy ocbc after its sharp fall above $13
https://finance.yahoo.com/quote/V03.SI/chart?p=V03.SI#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-

chartiskao      ( Date: 10-Jan-2024 15:54) Posted: https://english.kyodonews.net/news/2024/01/a7014f20cd2a-update1-n-korean-leader-calls-s-korea-principal-enemy-state-media-says.html   https://www.forbes.com/lists/korea-billionaires/?sh=47ec0c8c2222   will they move their money out soon? chartiskao      ( Date: 10-Jan-2024 15:44) Posted: https://sg.finance.yahoo.com/news/singapore-wealth-firm-sees-rapid-growth-catering-to-rich-families-033340716.html https://www.youtube.com/watch?v=bKxzCTJlXqo https://www.forbes.com/sites/forbespr/2023/05/30/wealth-of-japans-50-richest-on-forbes-list-rises-13-to-us192-billion/?sh=58331d72213b

 

chartiskao      ( Date: 10-Jan-2024 15:44) Posted: https://sg.finance.yahoo.com/news/singapore-wealth-firm-sees-rapid-growth-catering-to-rich-families-033340716.html https://www.youtube.com/watch?v=bKxzCTJlXqo https://www.forbes.com/sites/forbespr/2023/05/30/wealth-of-japans-50-richest-on-forbes-list-rises-13-to-us192-billion/?sh=58331d72213b chartiskao      ( Date: 10-Jan-2024 15:37) Posted: https://www.ocbc.com/assets/pdf/major%20regulatory/2003/fraser%20and%20neave%20limited/23052003%20proposed%20divestment%20of%204.pdf https://www.sgx.com/securities/securities-prices yes when rates are up you earn high fd of 3.2% but still can not beat inflation with all the costs they hike up and gst from 3% to 9%

 

chartiskao      ( Date: 10-Jan-2024 15:37) Posted: https://www.ocbc.com/assets/pdf/major%20regulatory/2003/fraser%20and%20neave%20limited/23052003%20proposed%20divestment%20of%204.pdf https://www.sgx.com/securities/securities-prices yes when rates are up you earn high fd of 3.2% but still can not beat inflation with all the costs they hike up and gst from 3% to 9%   Rammerjammer      ( Date: 10-Jan-2024 15:28) Posted: They are here not to let you make more money.  LOL...This type of market holding on to FD can beat 80% of investors.

 

yes when rates are up you earn high fd of 3.2% but still can not beat inflation with all the costs they hike up and gst from 3% to 9%
 

Rammerjammer      ( Date: 10-Jan-2024 15:28) Posted: They are here not to let you make more money.  LOL...This type of market holding on to FD can beat 80% of investors.

 

They are here not to let you make more money.  LOL...This type of market holding on to FD can beat 80% of investors.

 

Historically, Singapore has been an attractive destination for foreign investments, including those from China. The city-state' s stable political environment, strong economic fundamentals, and well-established financial infrastructure have made it appealing to international investors. However, various factors such as economic conditions, government policies, and global events can influence investment patterns.
If wealthy Chinese individuals have not yet made significant investments in Singapore' s luxury sector, it could be due to a variety of reasons. These might include changes in economic conditions, government regulations, or shifts in investment preferences
https://www.channelnewsasia.com/singapore/singapore-passes-law-manage-significant-investments-critical-entities-4034771



 

chartiskao      ( Date: 10-Jan-2024 15:20) Posted: https://theindependent.sg/59-family-offices-in-asia-now-located-in-singapore/ when will this billionaires make their move in three selldown sg banks shares https://www.straitstimes.com/business/rich-chinese-splashing-out-on-luxury-have-yet-to-invest-big-in-singapore chartiskao      ( Date: 10-Jan-2024 15:07) Posted: Even India' s richest man, Mukesh Ambani, has reportedly set up a family office in Singapore. It' s not hard to see why Singapore is one of the top choices for India' s wealthy.3 Jul 2023 https://www.bnnbloomberg.ca/billionaire-mukesh-ambani-to-open-family-office-in-singapore-1.1829286 https://www.asianinvestor.net/article/wealthy-indians-line-up-to-open-family-offices-in-singapore/484942

 

chartiskao      ( Date: 10-Jan-2024 15:07) Posted: Even India' s richest man, Mukesh Ambani, has reportedly set up a family office in Singapore. It' s not hard to see why Singapore is one of the top choices for India' s wealthy.3 Jul 2023 https://www.bnnbloomberg.ca/billionaire-mukesh-ambani-to-open-family-office-in-singapore-1.1829286 https://www.asianinvestor.net/article/wealthy-indians-line-up-to-open-family-offices-in-singapore/484942 chartiskao      ( Date: 10-Jan-2024 15:02) Posted: https://www.statista.com/statistics/1198128/ocbc-group-total-assets/   https://www.businesstimes.com.sg/companies-markets/singapores-aum-falls-10-s49-trillion-2022-mas   https://www.rafflesgroup.co/zh-hant/why-are-we-setting-up-a-family-office-in-singapore/

 

chartiskao      ( Date: 10-Jan-2024 15:02) Posted: https://www.statista.com/statistics/1198128/ocbc-group-total-assets/   https://www.businesstimes.com.sg/companies-markets/singapores-aum-falls-10-s49-trillion-2022-mas   https://www.rafflesgroup.co/zh-hant/why-are-we-setting-up-a-family-office-in-singapore/ chartiskao      ( Date: 10-Jan-2024 14:58) Posted: https://www.bondsupermart.com/bsm/article-detail/ocbc-announces-new-sgd-nc5-75-at1-perps-with-ipg-at-4-375-RCMS_285702   https://investors.sgx.com/securities/stocks?security=O39

 

chartiskao      ( Date: 10-Jan-2024 14:58) Posted: https://www.bondsupermart.com/bsm/article-detail/ocbc-announces-new-sgd-nc5-75-at1-perps-with-ipg-at-4-375-RCMS_285702   https://investors.sgx.com/securities/stocks?security=O39 chartiskao      ( Date: 09-Jan-2024 09:50) Posted: https://www.poems.com.sg/bonds/new-or-recent/ https://investors.sgx.com/securities/stocks?security=O39

 

chartiskao      ( Date: 09-Jan-2024 09:50) Posted: https://www.poems.com.sg/bonds/new-or-recent/ https://investors.sgx.com/securities/stocks?security=O39 chartiskao      ( Date: 08-Jan-2024 11:57) Posted: after 22 years we invested in this merger and still一 穷 二 白

 

chartiskao      ( Date: 08-Jan-2024 11:57) Posted: after 22 years we invested in this merger and still一 穷 二 白 chartiskao      ( Date: 08-Jan-2024 11:54) Posted: March 22, 2005 12:01 am ET         SINGAPORE -- ComfortDelGro C52 0.00%increase green up pointing triangle   , a taxi and bus operator based in Singapore, has been going places. And even though its share price has revved up 32% in the past six months, some analysts think that can go higher thanks to the company' s spree of foreign acquisitions. Singapore' s size -- it can take less than 45 minutes to drive across the nation -- is what prompted ComfortDelGro to start looking elsewhere for profit. With an outsize ambition to become the world' s biggest road transport concern by fleet size, the company has been on an aggressive expansion track. ComfortDelGro has become the single largest foreign-owned land transport company, by vehicles, in China and the U.K. The company says it is already the world' s second-biggest land transport company, in terms of fleet size, after U.S.-based Laidlaw International LI -2.71%decrease red down pointing triangle     , which runs the Greyhound bus chain. In February, ComfortDelGro reported a 50% jump in earnings to 200 million Singapore dollars (US$123 million) for 2004 on a 14% increase in revenue to S$2.1 billion. Soon after the results came out, however, many analysts downgraded ComfortDelGro stock to a " hold," reckoning a rally in its share price would run out of gas. But a few contrarians still see the company as a " buy." They contend that a new stream of profit will flow in before long from ComfortDelGro' s 2004 buying binge. " Most of the consensus view after their results was that 2004 was the peak. We saw quite strong earnings growth, and people got worried about a deceleration in earnings in 2005," says Christopher Gee, head of research at J.P. Morgan in Singapore. " We' re less concerned about that. Overseas growth will certainly kick in at some stage -- that hasn' t been in full force in the last year." ComfortDelGro isn' t the first Singapore transport-industry company to have global ambitions. Singapore Airlines made more profit than any other carrier in the world last year, while Neptune Orient Lines was the sixth-biggest container-shipping company. In 2004, ComfortDelGro spent S$75 million to broaden its reach. Its British bus subsidiary, Metroline, acquired two other bus operators -- F.E. Thorpe & Sons and E.H. Mundy -- adding to its municipal bus operations and coach service. Last year, ComfortDelGro' s Chinese subsidiary took a 60% stake in a long-distance bus company in Chengdu and an 80% stake in a municipal- and tour-bus company in Shenyang. The subsidiary earlier invested in a taxi company and an auto-repair business in Chengdu, while in Shenyang it has been running two taxi companies with a combined fleet of 1,300 vehicles. ComfortDelGro, which already had one taxi venture in Vietnam, in 2004 bought 60% in a second one. Full-year earnings from these investments have yet to show up on ComfortDelGro' s bottom line. The company' s overseas operations contributed 34% of revenue last year, up from 30% in 2003. But the contribution from overseas investments will rise to 50% of revenue in the next four to six years, predicts Kua Hong Pak, ComfortDelGro' s managing director and group chief executive officer.   Lisa Lee, an analyst at Kim Eng Securities, particularly likes the growth potential of the U.K. operations. ComfortDelGro' s overall bus business had S$1.07 billion in revenue last year, up 11% from 2003 -- and the London bus business accounted for almost all of that growth. " They increased their London market share from 12% to 14% last year, and that' s going to be positive this year," says Ms. Lee. She thinks the stock can hit S$2.13 in the next 12 months, and she forecasts that net profit will rise to S$213 million this year and S$233 million in 2006. Some analysts who are less bullish on the share price' s upside potential still think ComfortDelGro is worth buying for its chunky dividends. The company has a steady cash flow and is routinely among the most generous in Singapore when it comes to payouts, says Lim Jit Soon, head of research at Citigroup in Singapore. The company' s dividend yield, or the annual return earned by a shareholder, is 5.7% based on yesterday' s close of S$1.70. " You' ve got a good yield with high growth on the earnings front," Mr. Lim says. " The yield alone is a good reason to look at the stock." But other analysts are less sanguine. " The company has decent growth prospects, but not awesome growth," says Chris Sanda of DBS Vickers. " At the end of the day, it' s a bus and taxi company, so you won' t see huge earnings growth." Public transportation is a highly regulated business in China, and ComfortDelGro will have to pitch deals to different levels of authorities all over the country to grow -- a process that may obstruct speedy expansion. " There' s no central board, they have to go municipality by municipality. So it' s going to be a long, very tough road," Mr. Sanda says. The company was formed in 2003 with the merger of Comfort Group, a taxi company, and DelGro Corp., a Singaporean bus operator. Both already had some overseas investments DelGro, for example, bought Metroline in 2000. But the big push into China and Vietnam got started the year of the merger. ComfortDelGro' s strategy has been to set up transport-related ventures wherever it goes. So it handles its own engineering and maintenance, as well as vehicle inspection centers to service its own fleets as well as those of other customers. The company plans to make more overseas investments this year, especially in China, where lots of potential competitors also want to expand. " We' ll continue to look for new opportunities," Mr. Kua says.

 

after 22 years we invested in this merger and still一 穷 二 白

chartiskao      ( Date: 08-Jan-2024 11:54) Posted: March 22, 2005 12:01 am ET         SINGAPORE -- ComfortDelGro C52 0.00%increase green up pointing triangle   , a taxi and bus operator based in Singapore, has been going places. And even though its share price has revved up 32% in the past six months, some analysts think that can go higher thanks to the company' s spree of foreign acquisitions. Singapore' s size -- it can take less than 45 minutes to drive across the nation -- is what prompted ComfortDelGro to start looking elsewhere for profit. With an outsize ambition to become the world' s biggest road transport concern by fleet size, the company has been on an aggressive expansion track. ComfortDelGro has become the single largest foreign-owned land transport company, by vehicles, in China and the U.K. The company says it is already the world' s second-biggest land transport company, in terms of fleet size, after U.S.-based Laidlaw International LI -2.71%decrease red down pointing triangle     , which runs the Greyhound bus chain. In February, ComfortDelGro reported a 50% jump in earnings to 200 million Singapore dollars (US$123 million) for 2004 on a 14% increase in revenue to S$2.1 billion. Soon after the results came out, however, many analysts downgraded ComfortDelGro stock to a " hold," reckoning a rally in its share price would run out of gas. But a few contrarians still see the company as a " buy." They contend that a new stream of profit will flow in before long from ComfortDelGro' s 2004 buying binge. " Most of the consensus view after their results was that 2004 was the peak. We saw quite strong earnings growth, and people got worried about a deceleration in earnings in 2005," says Christopher Gee, head of research at J.P. Morgan in Singapore. " We' re less concerned about that. Overseas growth will certainly kick in at some stage -- that hasn' t been in full force in the last year." ComfortDelGro isn' t the first Singapore transport-industry company to have global ambitions. Singapore Airlines made more profit than any other carrier in the world last year, while Neptune Orient Lines was the sixth-biggest container-shipping company. In 2004, ComfortDelGro spent S$75 million to broaden its reach. Its British bus subsidiary, Metroline, acquired two other bus operators -- F.E. Thorpe & Sons and E.H. Mundy -- adding to its municipal bus operations and coach service. Last year, ComfortDelGro' s Chinese subsidiary took a 60% stake in a long-distance bus company in Chengdu and an 80% stake in a municipal- and tour-bus company in Shenyang. The subsidiary earlier invested in a taxi company and an auto-repair business in Chengdu, while in Shenyang it has been running two taxi companies with a combined fleet of 1,300 vehicles. ComfortDelGro, which already had one taxi venture in Vietnam, in 2004 bought 60% in a second one. Full-year earnings from these investments have yet to show up on ComfortDelGro' s bottom line. The company' s overseas operations contributed 34% of revenue last year, up from 30% in 2003. But the contribution from overseas investments will rise to 50% of revenue in the next four to six years, predicts Kua Hong Pak, ComfortDelGro' s managing director and group chief executive officer.   Lisa Lee, an analyst at Kim Eng Securities, particularly likes the growth potential of the U.K. operations. ComfortDelGro' s overall bus business had S$1.07 billion in revenue last year, up 11% from 2003 -- and the London bus business accounted for almost all of that growth. " They increased their London market share from 12% to 14% last year, and that' s going to be positive this year," says Ms. Lee. She thinks the stock can hit S$2.13 in the next 12 months, and she forecasts that net profit will rise to S$213 million this year and S$233 million in 2006. Some analysts who are less bullish on the share price' s upside potential still think ComfortDelGro is worth buying for its chunky dividends. The company has a steady cash flow and is routinely among the most generous in Singapore when it comes to payouts, says Lim Jit Soon, head of research at Citigroup in Singapore. The company' s dividend yield, or the annual return earned by a shareholder, is 5.7% based on yesterday' s close of S$1.70. " You' ve got a good yield with high growth on the earnings front," Mr. Lim says. " The yield alone is a good reason to look at the stock." But other analysts are less sanguine. " The company has decent growth prospects, but not awesome growth," says Chris Sanda of DBS Vickers. " At the end of the day, it' s a bus and taxi company, so you won' t see huge earnings growth." Public transportation is a highly regulated business in China, and ComfortDelGro will have to pitch deals to different levels of authorities all over the country to grow -- a process that may obstruct speedy expansion. " There' s no central board, they have to go municipality by municipality. So it' s going to be a long, very tough road," Mr. Sanda says. The company was formed in 2003 with the merger of Comfort Group, a taxi company, and DelGro Corp., a Singaporean bus operator. Both already had some overseas investments DelGro, for example, bought Metroline in 2000. But the big push into China and Vietnam got started the year of the merger. ComfortDelGro' s strategy has been to set up transport-related ventures wherever it goes. So it handles its own engineering and maintenance, as well as vehicle inspection centers to service its own fleets as well as those of other customers. The company plans to make more overseas investments this year, especially in China, where lots of potential competitors also want to expand. " We' ll continue to look for new opportunities," Mr. Kua says.   chartiskao      ( Date: 08-Jan-2024 11:52) Posted: we get screwed left and right when we brought into delgro in 2001 https://en.wikipedia.org/wiki/ComfortDelGro 22 Nov 2002 &mdash The new company (Newco), formed by the merger of Singapore' s biggest taxi ... Singapore transport market. Comfort, DelGro, SBS and Vicom shares  . https://www.wsj.com/articles/SB111143145860985289

 

SINGAPORE --
, a taxi and bus operator based in Singapore, has been going places. And even though its share price has revved up 32% in the past six months, some analysts think that can go higher thanks to the company' s spree of foreign acquisitions.
Singapore' s size -- it can take less than 45 minutes to drive across the nation -- is what prompted ComfortDelGro to start looking elsewhere for profit. With an outsize ambition to become the world' s biggest road transport concern by fleet size, the company has been on an aggressive expansion track.   , which runs the Greyhound bus chain.
In February, ComfortDelGro reported a 50% jump in earnings to 200 million Singapore dollars (US$123 million) for 2004 on a 14% increase in revenue to S$2.1 billion. Soon after the results came out, however, many analysts downgraded ComfortDelGro stock to a " hold," reckoning a rally in its share price would run out of gas.
But a few contrarians still see the company as a " buy." They contend that a new stream of profit will flow in before long from ComfortDelGro' s 2004 buying binge.
" Most of the consensus view after their results was that 2004 was the peak. We saw quite strong earnings growth, and people got worried about a deceleration in earnings in 2005," says Christopher Gee, head of research at J.P. Morgan in Singapore. " We' re less concerned about that. Overseas growth will certainly kick in at some stage -- that hasn' t been in full force in the last year."
ComfortDelGro isn' t the first Singapore transport-industry company to have global ambitions. Singapore Airlines made more profit than any other carrier in the world last year, while Neptune Orient Lines was the sixth-biggest container-shipping company.
In 2004, ComfortDelGro spent S$75 million to broaden its reach. Its British bus subsidiary, Metroline, acquired two other bus operators -- F.E. Thorpe & Sons and E.H. Mundy -- adding to its municipal bus operations and coach service.
Last year, ComfortDelGro' s Chinese subsidiary took a 60% stake in a long-distance bus company in Chengdu and an 80% stake in a municipal- and tour-bus company in Shenyang. The subsidiary earlier invested in a taxi company and an auto-repair business in Chengdu, while in Shenyang it has been running two taxi companies with a combined fleet of 1,300 vehicles. ComfortDelGro, which already had one taxi venture in Vietnam, in 2004 bought 60% in a second one.
Full-year earnings from these investments have yet to show up on ComfortDelGro' s bottom line. The company' s overseas operations contributed 34% of revenue last year, up from 30% in 2003. But the contribution from overseas investments will rise to 50% of revenue in the next four to six years, predicts Kua Hong Pak, ComfortDelGro' s managing director and group chief executive officer. Lisa Lee, an analyst at Kim Eng Securities, particularly likes the growth potential of the U.K. operations. ComfortDelGro' s overall bus business had S$1.07 billion in revenue last year, up 11% from 2003 -- and the London bus business accounted for almost all of that growth. " They increased their London market share from 12% to 14% last year, and that' s going to be positive this year," says Ms. Lee. She thinks the stock can hit S$2.13 in the next 12 months, and she forecasts that net profit will rise to S$213 million this year and S$233 million in 2006.
Some analysts who are less bullish on the share price' s upside potential still think ComfortDelGro is worth buying for its chunky dividends. The company has a steady cash flow and is routinely among the most generous in Singapore when it comes to payouts, says Lim Jit Soon, head of research at Citigroup in Singapore. The company' s dividend yield, or the annual return earned by a shareholder, is 5.7% based on yesterday' s close of S$1.70.
" You' ve got a good yield with high growth on the earnings front," Mr. Lim says. " The yield alone is a good reason to look at the stock."
But other analysts are less sanguine. " The company has decent growth prospects, but not awesome growth," says Chris Sanda of DBS Vickers. " At the end of the day, it' s a bus and taxi company, so you won' t see huge earnings growth."
Public transportation is a highly regulated business in China, and ComfortDelGro will have to pitch deals to different levels of authorities all over the country to grow -- a process that may obstruct speedy expansion. " There' s no central board, they have to go municipality by municipality. So it' s going to be a long, very tough road," Mr. Sanda says.
The company was formed in 2003 with the merger of Comfort Group, a taxi company, and DelGro Corp., a Singaporean bus operator. Both already had some overseas investments DelGro, for example, bought Metroline in 2000. But the big push into China and Vietnam got started the year of the merger.
ComfortDelGro' s strategy has been to set up transport-related ventures wherever it goes. So it handles its own engineering and maintenance, as well as vehicle inspection centers to service its own fleets as well as those of other customers.
The company plans to make more overseas investments this year, especially in China, where lots of potential competitors also want to expand. " We' ll continue to look for new opportunities," Mr. Kua says.
 

chartiskao      ( Date: 08-Jan-2024 11:52) Posted: we get screwed left and right when we brought into delgro in 2001 https://en.wikipedia.org/wiki/ComfortDelGro 22 Nov 2002 &mdash The new company (Newco), formed by the merger of Singapore' s biggest taxi ... Singapore transport market. Comfort, DelGro, SBS and Vicom shares  . https://www.wsj.com/articles/SB111143145860985289 chartiskao      ( Date: 08-Jan-2024 11:47) Posted: we get screwed out after 1997' s financial attcked, 2000 ' s tech meltdow, 2001' s US terrorist attck OUTLOOK FOR 2004 Strong performance was recorded in both the manufacturing and services sectors. 5 Going forward, the outlook for the Singapore economy has improved. While downside risks to the outlook remain, on balance, the upturn in the global economy and IT markets is likely to be sustained.   https://www.mas.gov.sg/news/monetary-policy-statements/2004/monetary-policy-statement-12-apr-04   we still buy ocbc when it drops like the bomb when it throws at Gaza

 

we get screwed left and right when we brought into delgro in 2001

chartiskao      ( Date: 08-Jan-2024 11:47) Posted: we get screwed out after 1997' s financial attcked, 2000 ' s tech meltdow, 2001' s US terrorist attck OUTLOOK FOR 2004 Strong performance was recorded in both the manufacturing and services sectors. 5 Going forward, the outlook for the Singapore economy has improved. While downside risks to the outlook remain, on balance, the upturn in the global economy and IT markets is likely to be sustained.   https://www.mas.gov.sg/news/monetary-policy-statements/2004/monetary-policy-statement-12-apr-04   we still buy ocbc when it drops like the bomb when it throws at Gaza chartiskao      ( Date: 08-Jan-2024 11:36) Posted: the world will go into gret trouble if US again mess up the situation if it make the sea even redder https://www.theguardian.com/commentisfree/2024/jan/07/houthi-attacks-us-military-yemen-middle-east

 

we get screwed out after 1997' s financial attcked, 2000 ' s tech meltdow, 2001' s US terrorist attck

chartiskao      ( Date: 08-Jan-2024 11:36) Posted: the world will go into gret trouble if US again mess up the situation if it make the sea even redder https://www.theguardian.com/commentisfree/2024/jan/07/houthi-attacks-us-military-yemen-middle-east

 

the world will go into gret trouble if US again mess up the situation if it make the sea even redder
https://www.theguardian.com/commentisfree/2024/jan/07/houthi-attacks-us-military-yemen-middle-east
 

 

why not buy ocbc when Europe and US economy slowdowb due to US 12 times rate hikes
Oversea-Chinese Banking Corp Ltd
Higher NII and fee income raise profits
SINGAPORE | BANKING | 3Q23 RESULTS
▪ 3Q23 earnings of S$1.81bn were slightly above our estimates. It came from higher net
interest income and higher fee income offset by lower insurance income and higher
allowances. 9M23 PATMI was 77% of our FY23e forecast.
▪ NII grew 17% YoY as NIM rose 21bps YoY to 2.27% and loan growth declined 2% YoY.
Total non-interest income rose 4% YoY as higher fee income was offset by lower
insurance income while trading income was flat. Allowances rose 19% due to higher
SPs as credit costs increased 4bps YoY to 17bps.
▪ Maintain BUY with an unchanged target price of S$14.96. Our FY23e estimates remain
unchanged. We assume 1.29x FY22e P/BV and ROE estimate of 10.8% in our GGM
valuation. In FY24, we anticipate NII growth driven by stable NIMs and rising loans amid
stabilised rates, with fee income recovery boosting earnings. OCBC is our preferred
pick among the three banks due to attractive valuations and dividend yield of 6.6%,
buffered by a well-capitalised 14.8% CET 1, and fee income recovery from China&rsquo s re-
opening.
Results at a glance
Source: Company, PSR
The Positives
+ Net interest income grew 17% YoY. NII grew 17% YoY led by NIM improvement of 21bps
YoY to 2.27% despite loan growth dipping 2% YoY. NIM expansion was mainly driven by
higher margins across the Group&rsquo s key markets. However, NII only rose 3% QoQ as NIM rose
1bps QoQ as a rise in asset yields more than outpaced the increase in funding costs.
Nonetheless, OCBC has increased its NIM guidance for FY23e from above 2.20% to around
2.25%.
14 November 2023(SGD mn) 3Q23 3Q22 YoY 2Q23 QoQ Comments
NII 2,456 2,099 17% 2,389 3%

chartiskao      ( Date: 08-Jan-2024 11:22) Posted: https://www.stocksbnb.com/wp-content/uploads/pdf/OCBC20231114.pdf chartiskao      ( Date: 08-Jan-2024 11:21) Posted: during 2004 we also brought ocbc when its price drops a lot why fear now Oversea-Chinese Banking Corp Ltd Higher NII and fee income raise profits SINGAPORE | BANKING | 3Q23 RESULTS ▪ 3Q23 earnings of S$1.81bn were slightly above our estimates. It came from higher net interest income and higher fee income offset by lower insurance income and higher allowances. 9M23 PATMI was 77% of our FY23e forecast. ▪ NII grew 17% YoY as NIM rose 21bps YoY to 2.27% and loan growth declined 2% YoY. Total non-interest income rose 4% YoY as higher fee income was offset by lower insurance income while trading income was flat. Allowances rose 19% due to higher SPs as credit costs increased 4bps YoY to 17bps. ▪ Maintain BUY with an unchanged target price of S$14.96. Our FY23e estimates remain unchanged. We assume 1.29x FY22e P/BV and ROE estimate of 10.8% in our GGM valuation. In FY24, we anticipate NII growth driven by stable NIMs and rising loans amid stabilised rates, with fee income recovery boosting earnings. OCBC is our preferred pick among the three banks due to attractive valuations and dividend yield of 6.6%, buffered by a well-capitalised 14.8% CET 1, and fee income recovery from China&rsquo s re- opening. Results at a glance Source: Company, PSR The Positives + Net interest income grew 17% YoY. NII grew 17% YoY led by NIM improvement of 21bps YoY to 2.27% despite loan growth dipping 2% YoY. NIM expansion was mainly driven by higher margins across the Group&rsquo s key markets. However, NII only rose 3% QoQ as NIM rose 1bps QoQ as a rise in asset yields more than outpaced the increase in funding costs. Nonetheless, OCBC has increased its NIM guidance for FY23e from above 2.20% to around 2.25%. 14 November 2023(SGD mn) 3Q23 3Q22 YoY 2Q23 QoQ Comments NII 2,456 2,099 17% 2,389 3% Increase due to NIM growth of 21bps YoY to 2.27% driven by higher margins across OCBC' s key markets despite loan growth dipping 2% YoY. Net Fees & Comm 461 453 2% 430 7% Largely due to the growth in wealth management fees from increased customer activities and from higher credit card fees. Insurance 220 249 (12%) 262 (16%) Increase mainly due to an increase in medical claims which was partly compensated by improved investment performance. Other Non-II 216 217 (0%) 311 (31%) Remained largely unchanged as higher non- customer flow was offset by lower customer flow income. Total income 3,429 3,031 13% 3,455 (1%) Expenses (1,340) (1,278) 5% (1,329) 1% Expenses up slightly due to continued investments across people and technology. Nonetheless, CIR improved 3.1% points YoY to 39.1%. PPOP 2,343 2,009 17% 2,376 (1%) Allowance (184) (154) 19% (252) (27%) Incease due to SP rising to S$220mn (2Q23: S$78mn) despite a GP write-back of S$36mn (2Q23: GP of S$76mn). Resultantly, credit costs increased by 4bps YoY but dipped 14bps QoQ to 17bps. PATMI 1,810 1,491 21% 1,710 6%BUY (Maintained) LAST CLOSE PRICE FORECAST DIV TARGET PRICE DIVIDEND YIELD 6.6% TOTAL RETURN COMPANY DATA BLOOMBERG TICKER OCBC SP O/S SHARES (MN) : 4,495 MARKET CAP (USD mn / SGD mn) : 42857 / 58294 52 - WK HI/LO (SGD) : 13.39 / 11.93 3M Average Daily T/O (mn) : 4.46 MAJOR SHAREHOLDERS (%) Selat Pte Limited 11.2% Lee Foundation Singapore 4.4% 3.2% PRICE PERFORMANCE (%) 1MTH 3MTH YTD COMPANY 1.4 2.4 14.2 STTF RETURN (0.6) (4.0) 0.6 PRICE VS. STTF So urce: B lo o mberg, P SR KEY FINANCIALS Y/E Dec (SGD mn) FY21 FY22 FY23e FY24e Total Income 10,596 11,675 13,248 13,964 Op. Profit 3,880 5,273 6,757 7,228 NPAT, adj. 4,858 5,748 7,026 7,608 EPS (SGD) 1.08 1.28 1.57 1.70 PER, adj. (x) 12.0 10.1 8.3 7.6 P/BV, x 1.1 1.1 1.0 1.0 DPS (S$) 0.53 0.68 0.85 0.90 ROE 9.5% 10.9% 12.8% 13.0% So urce: B lo o mberg, Co mpany, P SR Valuation Method: Gordon Growth Model (COE: 8.8%, g: 2%) Glenn Thum (+65 6212 1851) Senior Research Analyst [email protected] 21.9% Lee Rubber Company Pte Ltd SGD 14.96 SGD 12.97 SGD 0.85 10.00 11.00 12.00 13.00 14.00 15.00 May-17Jun-17Jul-17Aug-17Sep-17Oct-17Dec-17