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OCBC

Time to switch from venture share that had surged more thsn4% today to ocbc for its august 2024 dividend 
https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-cuts-venture-corp-price-target-after-q1-earnings-miss

Godwinlow      ( Date: 13-Jun-2024 20:42) Posted: SIAS invites shareholders of Great Eastern Holdings to a dialogue session with OCBC' s management on its ongoing voluntary unconditional general offer for shares in Great Eastern it does not own. Management will also explain how shareholders can accept the offer if they choose to do so, as well as take questions. For those unable to attend in person, the event will be live streamed. Details on how to access the live stream will be provided upon registration.​   https://mailchi.mp/sias/exclusively-for-shareholders-of-great-eastern-holdings-join-us-at-the-hybrid-dialogue-session-with-ocbc-register-now?e=1d8d81f8a7

 

SIAS invites shareholders of Great Eastern Holdings to a dialogue session with OCBC' s management on its ongoing voluntary unconditional general offer for shares in Great Eastern it does not own. Management will also explain how shareholders can accept the offer if they choose to do so, as
well as take questions.
For those unable to attend in person, the event will be live streamed. Details on how to access the live stream will be provided upon
registration.​  


https://mailchi.mp/sias/exclusively-for-shareholders-of-great-eastern-holdings-join-us-at-the-hybrid-dialogue-session-with-ocbc-register-now?e=1d8d81f8a7

 

Ocbc turn now.. users having issues to access banking & app.

 

Have a great Vesak Day with your dividends!

SDEXXXXD      ( Date: 21-May-2024 18:49) Posted: Dividend is credited in :)

 

Dividend is credited in :)

 

Bought some this week, so vested, waiting, hoping. Some numbers to consider but please DYODD.

Great Eastern Holdings
Total Mkt Issue	473,319,069	100%
OCBC	418,586,759	88.436%
Others	54,732,310	11.564%
To Privatize n Game Over	7,400,403	1.564%

 

OCBC Current Offer	$25.6
Embedded Value	$36.59
Discount to EV	30%
IF 25% to EV	$27.44
IF 20% to EV	$29.27
IF 15% to EV	$31.10
IF 10% to EV	$32.93

 

Are they allow to buy from open market ?

Chop chop .....

 

Jun 23 OCBC brought 2.3M GEH ...bringing their holdings to 88.4% 
Honestly I think the deal is given ....just need 1.6% to cross the 90% mark. ( unconditional offer ) ....
On the point of undervalue to over the book ....it again depends on what you are looking at ?  MTM value or book . 
the debate goes on ....even after this deal is done ( lol ) 

Anyway the outcome is very straight forward for this offer this time . DYODD

uiop1223      ( Date: 10-May-2024 12:30) Posted: No.. this offer undervalues the business. Just that GE Shares trading at super low discount Echoes      ( Date: 10-May-2024 10:33) Posted: OCBC is offering 36% premium over last traded share price and 1.54 times book value .  Not sure whether this is fair , but I think GE shareholders should be happy  .  But I am wondering , why this offer by OCBC does not need to get OCBC shareholders approval ?

 

No.. this offer undervalues the business. Just that GE Shares trading at super low discount

Echoes      ( Date: 10-May-2024 10:33) Posted: OCBC is offering 36% premium over last traded share price and 1.54 times book value .  Not sure whether this is fair , but I think GE shareholders should be happy  .  But I am wondering , why this offer by OCBC does not need to get OCBC shareholders approval ?

 

They use internal funds to purchase. No need for fund raising. Management can decide

Echoes      ( Date: 10-May-2024 10:33) Posted: OCBC is offering 36% premium over last traded share price and 1.54 times book value .  Not sure whether this is fair , but I think GE shareholders should be happy  .  But I am wondering , why this offer by OCBC does not need to get OCBC shareholders approval ?

 

OCBC is offering 36% premium over last traded share price and 1.54 times book value . 

Not sure whether this is fair , but I think GE shareholders should be happy  . 

But I am wondering , why this offer by OCBC does not need to get OCBC shareholders approval ?

 

No.it is fair price under current market conditions

 

Offer for GE $25.70 ??????  OVERPRICED??????????

 

FANTASTIC! 

 

OCBC 1QFY2024 net profit up 22% q-o-q, 5% y-o-y to $1.98 bil

 

OCBC Group First Quarter 2024 Net Profit Rose 22% from the Previous Quarter to a Record S$1.98 billion Singapore, 10 May 2024 &ndash Oversea-Chinese Banking Corporation Limited (&ldquo OCBC&rdquo ) reported net profit of S$1.98 billion for the first quarter of 2024 (&ldquo 1Q24&rdquo ), 22% higher than S$1.62 billion in the previous quarter (&ldquo 4Q23&rdquo ), and 5% above S$1.88 billion a year ago (&ldquo 1Q23&rdquo ). The Group&rsquo s resilient quarter-on-quarter performance was driven by total income rising to a new quarterly high, strict cost discipline and lower allowances. Income growth outpaced the increase in operating expenses, which drove an improvement in cost-to-income ratio (&ldquo CIR&rdquo ) to 37.1%, while credit costs decreased to 16 basis points. Loans grew 1% and asset quality was sound with non-performing loan (&ldquo NPL&rdquo ) ratio steady at 1.0%. The Group&rsquo s capital, funding and liquidity positions remained robust, providing flexibility to support business growth and handle uncertainties. Return on equity climbed to 14.7% and earnings per share was higher at S$1.76, on an annualised basis. 1Q24 Performance Highlights YoY QoQ

 

14.00 implies a yield of 6%

 

 

https://www.channelnewsasia.com/singapore/bos-bank-singapore-ocbc-medical-claims-clinic-thomson-thompson-4294521

 

Lee noted that the lender has set out a clear dividend policy of a 50 per cent dividend payout going forward, and has achieved a 53 per cent payout ratio in the past two years.

A clear and achievable dividend policy is what I like to see here.
OCBC is trustworthy