Congrats again. :)
OCBC making UOB looks like a good deal now.
OCBC making UOB looks like a good deal now.
turtletrader ( Date: 07-Aug-2024 09:07) Posted:
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Overly sold in past few sessions.  Should see a good respite.  Looking forward to OCBC reclaiming 15 againk.
Yep.  Below 30 is good :)
https://dollarbackmortgage.com/blog/how-singapore-home-loan-rates-could-change/#:~:text=These%20rates%20directly%20impact%20affordability,rates%20may%20cool%20the%20market.
Lower rates generally boost borrowing capacity and demand, driving up property prices, whereas higher rates may cool the market.
https://dollarbackmortgage.com/blog/how-singapore-home-loan-rates-could-change/#:~:text=These%20rates%20directly%20impact%20affordability,rates%20may%20cool%20the%20market.
Lower rates generally boost borrowing capacity and demand, driving up property prices, whereas higher rates may cool the market.
turtletrader ( Date: 07-Aug-2024 09:07) Posted:
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Thanks for highlighting UOB - limited window as ex-dividend on 12 Aug. Need to act soon as it is still under 30:)
 
 
Delvyss ( Date: 06-Aug-2024 09:29) Posted:
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Given $0.44 cents dividend but the price never go up. It is like taking back our own money
You had a smart trade.  
Similarly, your logic may be applicable to current UOB (cum dividend).
Similarly, your logic may be applicable to current UOB (cum dividend).
turtletrader ( Date: 05-Aug-2024 16:11) Posted:
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Wise ! 
turtletrader ( Date: 05-Aug-2024 16:11) Posted:
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Thanks!  Dividend is 44 cents per share...so i can take a 44 cents hit from 14.05 and still breakeven (igoring commisssion). 
Prepare to hold OCBC for long term:)
 
Prepare to hold OCBC for long term:)
 
Delvyss ( Date: 05-Aug-2024 15:44) Posted:
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At this level, it' s still a bargain.  Plus you got the dividend !
Congrats.
Congrats.
turtletrader ( Date: 05-Aug-2024 14:55) Posted:
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Bought some OCBC at 14.05 for the upcoming dividend. Didn' texpect it to go lower than 14:)
 
 
Wonderful indeed, prophet!
May the results continue to improve!
Dividend cover Maintained at 2. 
Solid management and expanding business with exciting vision.
Will always be invested in OCBC till it is taken over by a bigger bank.
May the results continue to improve!
Dividend cover Maintained at 2. 
Solid management and expanding business with exciting vision.
Will always be invested in OCBC till it is taken over by a bigger bank.
prophetjul ( Date: 02-Aug-2024 08:27) Posted:
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Wonderful set of results! 
Cash Payment needed for GE.
SDEXXXXD ( Date: 02-Aug-2024 07:41) Posted:
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OCBC Q2 profit up 14% to S$1.94 billion declares S$0.44 per share interim dividend
OCBC : O39 -0.2%&rsquo s net profit for the second quarter ended June rose 14 per cent to S$1.94 billion, from S$1.71 billion in the previous corresponding period.
 
The bank on Friday (Aug 2) said this was underpinned by income growth and a decline in allowances.
 
The earnings beat the S$1.8 billion consensus forecast in a Bloomberg survey of four analysts.
 
Net interest income for the quarter inched up 2 per cent on the year to S$2.43 billion, from S$2.39 billion in the year-ago period. This was led by a 5 per cent increase in average assets, and partially offset by a six basis-point drop in net interest margin to 2.2 per cent.
 
The lender has declared a higher interim dividend of S$0.44 per share for the period, up 10 per cent from S$0.40 the year before. This represents a payout ratio of 50 per cent of the group&rsquo s net profit for the first half of fiscal year 2024.
Still no special dividend like DBS
hokpin ( Date: 02-Aug-2024 07:07) Posted:
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Let's see if OCBC would do a reverse of what happened to UOB yesterday!
MrBear12 ( Date: 02-Aug-2024 07:24) Posted:
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Bro hokpin,
You beat me to the results. Learning from you and your post.
Good result indeed.
I will hold my shares.
Thank you sir!
You beat me to the results. Learning from you and your post.
Good result indeed.
I will hold my shares.
Thank you sir!
hokpin ( Date: 02-Aug-2024 07:09) Posted:
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With current share price, it is about 6% dividend yield! Hoseh Liao!
hokpin ( Date: 02-Aug-2024 07:07) Posted:
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A record 1H24 performance
❑ First half earnings underpinned by growth across all key businesses
❑ Broad-based income growth. NII and wealth management income at new highs
❑ CIR improved to 37.5% on positive operating jaws
❑ Loan growth resilient ? led by ASEAN and international network
❑ Sound asset quality credit costs declined to 15bps while NPL ratio lower at 0.9%
❑ Interim dividend up 10% to 44 cents maintained 50% payout ratio
❑ First half earnings underpinned by growth across all key businesses
❑ Broad-based income growth. NII and wealth management income at new highs
❑ CIR improved to 37.5% on positive operating jaws
❑ Loan growth resilient ? led by ASEAN and international network
❑ Sound asset quality credit costs declined to 15bps while NPL ratio lower at 0.9%
❑ Interim dividend up 10% to 44 cents maintained 50% payout ratio
Wolf Review(Tony Tan Keng Yam: My Political Journey by Leslie Koh) ocbc related
I will be very honest. I bought the book,    Tony Tan Keng Yam: My Political Journey by Leslie Koh  due to Dr. Tony Tan association with OCBC and his uncle Tan Chin Tuan. For foreign readers unfamiliar with our local politics. Dr.Tan happened to be our ex president. Most of my reader would have known, OCBC is currently offering $25.60 to take Great Eastern private.
https://lonewolfinvestor.blogspot.com/2024/07/wolf-reviewtony-tan-keng-yam-my.html
I will be very honest. I bought the book,    Tony Tan Keng Yam: My Political Journey by Leslie Koh  due to Dr. Tony Tan association with OCBC and his uncle Tan Chin Tuan. For foreign readers unfamiliar with our local politics. Dr.Tan happened to be our ex president. Most of my reader would have known, OCBC is currently offering $25.60 to take Great Eastern private.
https://lonewolfinvestor.blogspot.com/2024/07/wolf-reviewtony-tan-keng-yam-my.html