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OCBC Bank    Last:23.94    -0.06

ocbc buyers fight back from the shortists

 Post Reply 4061-4080 of 4600
 
chartistkao1
    16-Nov-2023 14:11  
Contact    Quote!
https://www.mas.gov.sg/bonds-and-bills/treasury-bills-statistics
 
https://www.youtube.com/watch?v=3F3vjO8UY2E
https://www.reuters.com/markets/us/billionaire-investor-ackman-says-he-is-shorting-30-year-treasuries-2023-08-03/


chartistkao1      ( Date: 16-Nov-2023 14:06) Posted:

https://www.bloomberg.com/news/articles/2023-11-06/hedge-funds-catapulted-treasury-shorts-to-record-at-wrong-time#xj4y7vzkg
 
https://www.youtube.com/watch?v=NvR60Wg9R7Q


chartistkao1      ( Date: 16-Nov-2023 14:04) Posted:

https://www.sgx.com/indices/products/sti
 
https://www.youtube.com/watch?v=JkK8g6FMEXE


 
 
chartistkao1
    16-Nov-2023 14:06  
Contact    Quote!
https://www.bloomberg.com/news/articles/2023-11-06/hedge-funds-catapulted-treasury-shorts-to-record-at-wrong-time#xj4y7vzkg
 
https://www.youtube.com/watch?v=NvR60Wg9R7Q


chartistkao1      ( Date: 16-Nov-2023 14:04) Posted:

https://www.sgx.com/indices/products/sti
 
https://www.youtube.com/watch?v=JkK8g6FMEXE


chartistkao1      ( Date: 16-Nov-2023 13:59) Posted:

https://www.straitstimes.com/world/pm-lee-calls-for-us-to-stay-invested-in-asia
 
https://www.youtube.com/watch?v=hSq4B_zHqPM


 
 
chartistkao1
    16-Nov-2023 14:04  
Contact    Quote!
https://www.sgx.com/indices/products/sti
 
https://www.youtube.com/watch?v=JkK8g6FMEXE


chartistkao1      ( Date: 16-Nov-2023 13:59) Posted:

https://www.straitstimes.com/world/pm-lee-calls-for-us-to-stay-invested-in-asia
 
https://www.youtube.com/watch?v=hSq4B_zHqPM


chartistkao1      ( Date: 16-Nov-2023 13:53) Posted:

https://www.mfa.gov.sg/Newsroom/Press-Statements-Transcripts-and-Photos/2023/11/PMV-San-Francisco_231113
 
https://www.youtube.com/watch?v=ngDJIjbAvz4


 

 
chartistkao1
    16-Nov-2023 13:59  
Contact    Quote!
https://www.straitstimes.com/world/pm-lee-calls-for-us-to-stay-invested-in-asia
 
https://www.youtube.com/watch?v=hSq4B_zHqPM


chartistkao1      ( Date: 16-Nov-2023 13:53) Posted:

https://www.mfa.gov.sg/Newsroom/Press-Statements-Transcripts-and-Photos/2023/11/PMV-San-Francisco_231113
 
https://www.youtube.com/watch?v=ngDJIjbAvz4


chartistkao1      ( Date: 16-Nov-2023 13:51) Posted:

https://qz.com/hedge-funds-are-risking-financial-turmoil-by-shorting-1850850495
 
https://www.cnbc.com/2023/11/10/icbc-the-worlds-biggest-bank-hit-by-ransomware-cyberattack.html
 
https://www.youtube.com/watch?v=9X_ViIPA-Gc
https://www.investing.com/currencies/usd-sgd
usd hkd peg
US dollar in a tight band between 7.75 and 7.85 per US dollar


 
 
chartistkao1
    16-Nov-2023 13:53  
Contact    Quote!
https://www.mfa.gov.sg/Newsroom/Press-Statements-Transcripts-and-Photos/2023/11/PMV-San-Francisco_231113
 
https://www.youtube.com/watch?v=ngDJIjbAvz4


chartistkao1      ( Date: 16-Nov-2023 13:51) Posted:

https://qz.com/hedge-funds-are-risking-financial-turmoil-by-shorting-1850850495
 
https://www.cnbc.com/2023/11/10/icbc-the-worlds-biggest-bank-hit-by-ransomware-cyberattack.html
 
https://www.youtube.com/watch?v=9X_ViIPA-Gc
https://www.investing.com/currencies/usd-sgd
usd hkd peg
US dollar in a tight band between 7.75 and 7.85 per US dollar


chartistkao1      ( Date: 16-Nov-2023 13:45) Posted:

https://www.youtube.com/watch?v=djV11Xbc914
 
https://www.investing.com/currencies/usd-sgd


 
 
chartistkao1
    16-Nov-2023 13:51  
Contact    Quote!
https://qz.com/hedge-funds-are-risking-financial-turmoil-by-shorting-1850850495
 
https://www.cnbc.com/2023/11/10/icbc-the-worlds-biggest-bank-hit-by-ransomware-cyberattack.html
 
https://www.youtube.com/watch?v=9X_ViIPA-Gc
https://www.investing.com/currencies/usd-sgd
usd hkd peg
US dollar in a tight band between 7.75 and 7.85 per US dollar


chartistkao1      ( Date: 16-Nov-2023 13:45) Posted:

https://www.youtube.com/watch?v=djV11Xbc914
 
https://www.investing.com/currencies/usd-sgd


chartistkao1      ( Date: 16-Nov-2023 13:43) Posted:

https://sg.finance.yahoo.com/news/great-eastern-holdings-free-float-020617297.html
 
https://www.youtube.com/watch?v=JmcA9LIIXWw


 

 
chartistkao1
    16-Nov-2023 13:45  
Contact    Quote!
https://www.youtube.com/watch?v=djV11Xbc914
 
https://www.investing.com/currencies/usd-sgd


chartistkao1      ( Date: 16-Nov-2023 13:43) Posted:

https://sg.finance.yahoo.com/news/great-eastern-holdings-free-float-020617297.html
 
https://www.youtube.com/watch?v=JmcA9LIIXWw


chartistkao1      ( Date: 16-Nov-2023 13:39) Posted:

https://www.investing.com/indices/us-30-futures?cid=1175152
 
https://www.youtube.com/watch?v=pIgZ7gMze7A
 
https://sg.finance.yahoo.com/quote/O39.SI/history?period1=1542326400& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true


 
 
chartistkao1
    16-Nov-2023 13:43  
Contact    Quote!
https://sg.finance.yahoo.com/news/great-eastern-holdings-free-float-020617297.html
 
https://www.youtube.com/watch?v=JmcA9LIIXWw


chartistkao1      ( Date: 16-Nov-2023 13:39) Posted:

https://www.investing.com/indices/us-30-futures?cid=1175152
 
https://www.youtube.com/watch?v=pIgZ7gMze7A
 
https://sg.finance.yahoo.com/quote/O39.SI/history?period1=1542326400& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true


chartistkao1      ( Date: 16-Nov-2023 13:37) Posted:

https://www.youtube.com/watch?v=1RWXHI4mm6E
 
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20CORP


 
 
chartistkao1
    16-Nov-2023 13:39  
Contact    Quote!
https://www.investing.com/indices/us-30-futures?cid=1175152
 
https://www.youtube.com/watch?v=pIgZ7gMze7A
 
https://sg.finance.yahoo.com/quote/O39.SI/history?period1=1542326400& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true


chartistkao1      ( Date: 16-Nov-2023 13:37) Posted:

https://www.youtube.com/watch?v=1RWXHI4mm6E
 
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20CORP


chartistkao1      ( Date: 16-Nov-2023 13:14) Posted:

https://www.bloomberg.com/quote/DBS:SP
some invisible hand comes in
 


 
 
chartistkao1
    16-Nov-2023 13:37  
Contact    Quote!
https://www.youtube.com/watch?v=1RWXHI4mm6E
 
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20CORP


chartistkao1      ( Date: 16-Nov-2023 13:14) Posted:

https://www.bloomberg.com/quote/DBS:SP
some invisible hand comes in
 

chartistkao1      ( Date: 16-Nov-2023 11:46) Posted:

https://www.youtube.com/watch?v=5A4xBp2rizQ
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20CORP


 

 
chartistkao1
    16-Nov-2023 13:14  
Contact    Quote!
https://www.bloomberg.com/quote/DBS:SP
some invisible hand comes in
 

chartistkao1      ( Date: 16-Nov-2023 11:46) Posted:

https://www.youtube.com/watch?v=5A4xBp2rizQ
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20CORP


chartistkao1      ( Date: 16-Nov-2023 11:43) Posted:

will the only invisible hands engineer a fall of $12 in uob and dbs in 2024 just liked in 2020?
https://sg.finance.yahoo.com/quote/U11.SI/history?period1=946857600& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=tru


 
 
chartistkao1
    16-Nov-2023 11:46  
Contact    Quote!
https://www.youtube.com/watch?v=5A4xBp2rizQ
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20CORP


chartistkao1      ( Date: 16-Nov-2023 11:43) Posted:

will the only invisible hands engineer a fall of $12 in uob and dbs in 2024 just liked in 2020?
https://sg.finance.yahoo.com/quote/U11.SI/history?period1=946857600& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true

chartistkao1      ( Date: 16-Nov-2023 11:31) Posted:

how low will ocbc share fall even without ocbc buyback?
https://sg.finance.yahoo.com/quote/O39.SI/history?period1=1542326400& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=tru


 
 
chartistkao1
    16-Nov-2023 11:43  
Contact    Quote!
will the only invisible hands engineer a fall of $12 in uob and dbs in 2024 just liked in 2020?
https://sg.finance.yahoo.com/quote/U11.SI/history?period1=946857600& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true

chartistkao1      ( Date: 16-Nov-2023 11:31) Posted:

how low will ocbc share fall even without ocbc buyback?
https://sg.finance.yahoo.com/quote/O39.SI/history?period1=1542326400& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true

chartistkao1      ( Date: 16-Nov-2023 11:20) Posted:

https://www.theedgesingapore.com/views/us-economy/yield-uncertainty-will-persist-even-if-fed-done-raising-rates
will ocbc share fall sharply and dividend cut sharply in 2024?
 


 
 
chartistkao1
    16-Nov-2023 11:31  
Contact    Quote!
how low will ocbc share fall even without ocbc buyback?
https://sg.finance.yahoo.com/quote/O39.SI/history?period1=1542326400& period2=1700092800& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true

chartistkao1      ( Date: 16-Nov-2023 11:20) Posted:

https://www.theedgesingapore.com/views/us-economy/yield-uncertainty-will-persist-even-if-fed-done-raising-rates
will ocbc share fall sharply and dividend cut sharply in 2024?
 

chartistkao1      ( Date: 16-Nov-2023 11:12) Posted:

will there be peace in ukraine and gaza and connectivity in supply chain be restored all are friends no more friend shoring
https://sputniknews.cn/20231116/1055011525.htm


 
 
chartistkao1
    16-Nov-2023 11:20  
Contact    Quote!
https://www.theedgesingapore.com/views/us-economy/yield-uncertainty-will-persist-even-if-fed-done-raising-rates
will ocbc share fall sharply and dividend cut sharply in 2024?
 

chartistkao1      ( Date: 16-Nov-2023 11:12) Posted:

will there be peace in ukraine and gaza and connectivity in supply chain be restored all are friends no more friend shoring
https://sputniknews.cn/20231116/1055011525.html

chartistkao1      ( Date: 16-Nov-2023 11:08) Posted:

https://www.rfi.fr/cn/%E4%B8%AD%E5%9B%BD/20231115-%E6%8B%9C%E4%B9%A0%E4%BC%9A%E7%99%BB%E5%9C%BA-%E8%83%BD%E5%90%A6%E9%81%BF%E5%85%8D%E7%BE%8E%E4%B8%AD%E7%AB%9E%E4%BA%89%E6%81%B6%E5%8C%96
 
https://app.dahecube.com/nweb/news/20231011/177284nb09a03ccdfe.htm?artid=177284


 

 
chartistkao1
    16-Nov-2023 11:12  
Contact    Quote!
will there be peace in ukraine and gaza and connectivity in supply chain be restored all are friends no more friend shoring
https://sputniknews.cn/20231116/1055011525.html

chartistkao1      ( Date: 16-Nov-2023 11:08) Posted:

https://www.rfi.fr/cn/%E4%B8%AD%E5%9B%BD/20231115-%E6%8B%9C%E4%B9%A0%E4%BC%9A%E7%99%BB%E5%9C%BA-%E8%83%BD%E5%90%A6%E9%81%BF%E5%85%8D%E7%BE%8E%E4%B8%AD%E7%AB%9E%E4%BA%89%E6%81%B6%E5%8C%96
 
https://app.dahecube.com/nweb/news/20231011/177284nb09a03ccdfe.htm?artid=177284


chartistkao1      ( Date: 16-Nov-2023 11:01) Posted:

中 国 四 大 银 行 , 是 指 由 国 家 ( 财 政 部 、 中 央 汇 金 公 司 ) 直 接 管 控 的 四 个 大 型 国 有 银 行 , 具 体 包 括 : 中 国 工 商 银 行 、 中 国 农 业 银 行 、 中 国 银 行 、 中 国 建 设 银 行 ( 工 、 农 、 中 、 建 ) , 亦 称 中 央 四 大 行 , 其 代 表 着 中 国 最 雄 厚 的 金 融 资 本 力 量 。
https://www.chinanews.com.cn/gsztc/2023/08-31/10069792.shtml
http://www.news.cn/politics/leaders/2023-11/16/c_1129977705.htm
https://www.investing.com/currencies/sgd-cny-chart


 
 
chartistkao1
    16-Nov-2023 11:08  
Contact    Quote!
https://www.rfi.fr/cn/%E4%B8%AD%E5%9B%BD/20231115-%E6%8B%9C%E4%B9%A0%E4%BC%9A%E7%99%BB%E5%9C%BA-%E8%83%BD%E5%90%A6%E9%81%BF%E5%85%8D%E7%BE%8E%E4%B8%AD%E7%AB%9E%E4%BA%89%E6%81%B6%E5%8C%96
 
https://app.dahecube.com/nweb/news/20231011/177284nb09a03ccdfe.htm?artid=177284


chartistkao1      ( Date: 16-Nov-2023 11:01) Posted:

中 国 四 大 银 行 , 是 指 由 国 家 ( 财 政 部 、 中 央 汇 金 公 司 ) 直 接 管 控 的 四 个 大 型 国 有 银 行 , 具 体 包 括 : 中 国 工 商 银 行 、 中 国 农 业 银 行 、 中 国 银 行 、 中 国 建 设 银 行 ( 工 、 农 、 中 、 建 ) , 亦 称 中 央 四 大 行 , 其 代 表 着 中 国 最 雄 厚 的 金 融 资 本 力 量 。
https://www.chinanews.com.cn/gsztc/2023/08-31/10069792.shtml
http://www.news.cn/politics/leaders/2023-11/16/c_1129977705.htm
https://www.investing.com/currencies/sgd-cny-chart


chartistkao1      ( Date: 16-Nov-2023 10:57) Posted:

https://www.theedgesingapore.com/capital/brokers-calls/analysts-keep-estimates-unchanged-ocbc-bank-named-top-sector-pick-some
the fallen stars in china
近 期 , 3家 基 础 电 信 企 业 相 继 发 布 2023年 上 半 年 业 绩 报 告 , 中 国 移 动 、 中 国 联 通 、 中 国 电 信 的 经 营 收 入 为 5307亿 元 、 1918.33亿 元 和 2607亿 元 , 同 比 分 别 增 长 6.8%、 8.8%、 7.6%。 28 Aug 2023


 
 
chartistkao1
    16-Nov-2023 11:01  
Contact    Quote!
中 国 四 大 银 行 , 是 指 由 国 家 ( 财 政 部 、 中 央 汇 金 公 司 ) 直 接 管 控 的 四 个 大 型 国 有 银 行 , 具 体 包 括 : 中 国 工 商 银 行 、 中 国 农 业 银 行 、 中 国 银 行 、 中 国 建 设 银 行 ( 工 、 农 、 中 、 建 ) , 亦 称 中 央 四 大 行 , 其 代 表 着 中 国 最 雄 厚 的 金 融 资 本 力 量 。
https://www.chinanews.com.cn/gsztc/2023/08-31/10069792.shtml
http://www.news.cn/politics/leaders/2023-11/16/c_1129977705.htm
https://www.investing.com/currencies/sgd-cny-chart


chartistkao1      ( Date: 16-Nov-2023 10:57) Posted:

https://www.theedgesingapore.com/capital/brokers-calls/analysts-keep-estimates-unchanged-ocbc-bank-named-top-sector-pick-some
the fallen stars in china
近 期 , 3家 基 础 电 信 企 业 相 继 发 布 2023年 上 半 年 业 绩 报 告 , 中 国 移 动 、 中 国 联 通 、 中 国 电 信 的 经 营 收 入 为 5307亿 元 、 1918.33亿 元 和 2607亿 元 , 同 比 分 别 增 长 6.8%、 8.8%、 7.6%。 28 Aug 2023


chartistkao1      ( Date: 16-Nov-2023 10:50) Posted:

OCBC Indonesia to buy over Commonwealth Bank&rsquo s stake in Indonesian subsidiary for A$220 mil

Felicia Tan
Felicia TanThu, Nov 16, 2023  &bull   10:47 AM GMT+08  &bull     &bull   2  min read
The Indonesian subsidiary of Oversea-Chinese Banking Corporation, PT Bank OCBC NISP Tbk (OCBC Indonesia), has agreed to buy Commonwealth Bank of Australia&rsquo s (CBA) 99% stake in CBA&rsquo s Indonesian banking subsidiary, PT Bank Commonwealth (PTBC).
OCBC Indonesia will pay an upfront cash consideration of approximately A$220 million ($192.3 million).
While CBA has been involved in the growth of PTBC since 1997, the sale of its stake is in line with the bank&rsquo s strategy to focus on its banking business in Australia and New Zealand moving forward, says CBA in an announcement on the Australian Exchange (ASX).
Advertisement
 
&ldquo CBA looks forward to working with OCBC Indonesia over the coming months on the transition of ownership,&rdquo adds the Australian bank in its Nov 16 statement.
The completion of the transaction is subject to several conditions including regulatory approvals from the Monetary Authority of Singapore (MAS) and the Indonesia Financial Services Authority (Otoritas Jasa Keuangan or OJK).
It is slated to be completed around the second or third quarter of 2024.
See also:  From one war to two: OCBC expects slower loan growth, sustained NIMs after 3QFY2023
The transaction is also expected to be broadly neutral to CBA&rsquo s common equity tier 1 (CET-1) ratio.
PTBC is CBA&rsquo s 99%-owned subsidiary. The bank focuses on the retail and small- and medium-sized enterprise (SME) segments with a range of banking and wealth management products. PTBC has over 1.2 million customers with total assets of A$1.8 billion and net assets of A$390 million as at June 30.
 


 
 
chartistkao1
    16-Nov-2023 10:57  
Contact    Quote!
https://www.theedgesingapore.com/capital/brokers-calls/analysts-keep-estimates-unchanged-ocbc-bank-named-top-sector-pick-some
the fallen stars in china
近 期 , 3家 基 础 电 信 企 业 相 继 发 布 2023年 上 半 年 业 绩 报 告 , 中 国 移 动 、 中 国 联 通 、 中 国 电 信 的 经 营 收 入 为 5307亿 元 、 1918.33亿 元 和 2607亿 元 , 同 比 分 别 增 长 6.8%、 8.8%、 7.6%。 28 Aug 2023


chartistkao1      ( Date: 16-Nov-2023 10:50) Posted:

OCBC Indonesia to buy over Commonwealth Bank&rsquo s stake in Indonesian subsidiary for A$220 mil

Felicia Tan
Felicia TanThu, Nov 16, 2023  &bull   10:47 AM GMT+08  &bull     &bull   2  min read
The Indonesian subsidiary of Oversea-Chinese Banking Corporation, PT Bank OCBC NISP Tbk (OCBC Indonesia), has agreed to buy Commonwealth Bank of Australia&rsquo s (CBA) 99% stake in CBA&rsquo s Indonesian banking subsidiary, PT Bank Commonwealth (PTBC).
OCBC Indonesia will pay an upfront cash consideration of approximately A$220 million ($192.3 million).
While CBA has been involved in the growth of PTBC since 1997, the sale of its stake is in line with the bank&rsquo s strategy to focus on its banking business in Australia and New Zealand moving forward, says CBA in an announcement on the Australian Exchange (ASX).
Advertisement
 
&ldquo CBA looks forward to working with OCBC Indonesia over the coming months on the transition of ownership,&rdquo adds the Australian bank in its Nov 16 statement.
The completion of the transaction is subject to several conditions including regulatory approvals from the Monetary Authority of Singapore (MAS) and the Indonesia Financial Services Authority (Otoritas Jasa Keuangan or OJK).
It is slated to be completed around the second or third quarter of 2024.
See also:  From one war to two: OCBC expects slower loan growth, sustained NIMs after 3QFY2023
The transaction is also expected to be broadly neutral to CBA&rsquo s common equity tier 1 (CET-1) ratio.
PTBC is CBA&rsquo s 99%-owned subsidiary. The bank focuses on the retail and small- and medium-sized enterprise (SME) segments with a range of banking and wealth management products. PTBC has over 1.2 million customers with total assets of A$1.8 billion and net assets of A$390 million as at June 30.
 


chartistkao1      ( Date: 16-Nov-2023 10:45) Posted:

ocbc share in circuit breakers period (basic, extended and special )
16 Mar 2020 8.88 9.02 8.70 8.70 7.18 16,564,000
13 Mar 2020 8.83 9.28 8.71 9.07 7.48 20,987,200
12 Mar 2020 9.41 9.41 9.10 9.11 7.51 16,195,100
11 Mar 2020 9.78 9.93 9.50 9.50 7.84 15,495,100
10 Mar 2020 9.45 9.84 9.35 9.72 8.02 14,761,300
09 Mar 2020 9.91 9.92 9.50 9.52 7.85 18,350,400
06 Mar 2020 10.38 10.40 10.18 10.21 8.42 9,671,400
05 Mar 2020 10.57 10.57 10.40 10.42 8.59 10,815,700
04 Mar 2020 10.62 10.62 10.50 10.55 8.70 8,371,500
03 Mar 2020 10.65 10.73 10.60 10.65 8.78 7,001,300
02 Mar 2020 10.56 10.66 10.52 10.58 8.73 6,626,400
28 Feb 2020 10.65 10.74 10.60 10.60 8.74 21,432,600
27 Feb 2020 10.86 10.92 10.77 10.90 8.99 5,479,800
26 Feb 2020 10.88 10.96 10.86 10.86 8.96 4,598,300
25 Feb 2020 10.95 11.04 10.92 10.97 9.05 3,503,600
24 Feb 2020 10.95 11.00 10.88 10.92 9.01 5,485,700


 
 
chartistkao1
    16-Nov-2023 10:50  
Contact    Quote!

OCBC Indonesia to buy over Commonwealth Bank&rsquo s stake in Indonesian subsidiary for A$220 mil

Felicia Tan
Felicia TanThu, Nov 16, 2023  &bull   10:47 AM GMT+08  &bull     &bull   2  min read
The Indonesian subsidiary of Oversea-Chinese Banking Corporation, PT Bank OCBC NISP Tbk (OCBC Indonesia), has agreed to buy Commonwealth Bank of Australia&rsquo s (CBA) 99% stake in CBA&rsquo s Indonesian banking subsidiary, PT Bank Commonwealth (PTBC).
OCBC Indonesia will pay an upfront cash consideration of approximately A$220 million ($192.3 million).
While CBA has been involved in the growth of PTBC since 1997, the sale of its stake is in line with the bank&rsquo s strategy to focus on its banking business in Australia and New Zealand moving forward, says CBA in an announcement on the Australian Exchange (ASX).
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&ldquo CBA looks forward to working with OCBC Indonesia over the coming months on the transition of ownership,&rdquo adds the Australian bank in its Nov 16 statement.
The completion of the transaction is subject to several conditions including regulatory approvals from the Monetary Authority of Singapore (MAS) and the Indonesia Financial Services Authority (Otoritas Jasa Keuangan or OJK).
It is slated to be completed around the second or third quarter of 2024.
See also:  From one war to two: OCBC expects slower loan growth, sustained NIMs after 3QFY2023
The transaction is also expected to be broadly neutral to CBA&rsquo s common equity tier 1 (CET-1) ratio.
PTBC is CBA&rsquo s 99%-owned subsidiary. The bank focuses on the retail and small- and medium-sized enterprise (SME) segments with a range of banking and wealth management products. PTBC has over 1.2 million customers with total assets of A$1.8 billion and net assets of A$390 million as at June 30.
 


chartistkao1      ( Date: 16-Nov-2023 10:45) Posted:

ocbc share in circuit breakers period (basic, extended and special )
16 Mar 2020 8.88 9.02 8.70 8.70 7.18 16,564,000
13 Mar 2020 8.83 9.28 8.71 9.07 7.48 20,987,200
12 Mar 2020 9.41 9.41 9.10 9.11 7.51 16,195,100
11 Mar 2020 9.78 9.93 9.50 9.50 7.84 15,495,100
10 Mar 2020 9.45 9.84 9.35 9.72 8.02 14,761,300
09 Mar 2020 9.91 9.92 9.50 9.52 7.85 18,350,400
06 Mar 2020 10.38 10.40 10.18 10.21 8.42 9,671,400
05 Mar 2020 10.57 10.57 10.40 10.42 8.59 10,815,700
04 Mar 2020 10.62 10.62 10.50 10.55 8.70 8,371,500
03 Mar 2020 10.65 10.73 10.60 10.65 8.78 7,001,300
02 Mar 2020 10.56 10.66 10.52 10.58 8.73 6,626,400
28 Feb 2020 10.65 10.74 10.60 10.60 8.74 21,432,600
27 Feb 2020 10.86 10.92 10.77 10.90 8.99 5,479,800
26 Feb 2020 10.88 10.96 10.86 10.86 8.96 4,598,300
25 Feb 2020 10.95 11.04 10.92 10.97 9.05 3,503,600
24 Feb 2020 10.95 11.00 10.88 10.92 9.01 5,485,700


chartistkao1      ( Date: 16-Nov-2023 10:36) Posted:

small investors brought ocbc at $10.52 on 4/3/2020 and collected dividend of $0.28 cents from 5 june 2020 and enjoyed the increased in dividend to $0.40 on 25 august 2023
https://www.sgx.com/securities/corporate-actions?value=OVERSEA-CHINESE%20BANKING%20COR


 
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