Post Reply
481-500 of 6990
I am looking for bonus shares for ocbc
Last year OCBC made 7b , with the 1b incremental revenue this year profits shd be around 7.5b . Ya, so looking at around 3.75b for 1H .
Yes DBS shd be 5b for 1H next week when they release Q1 results can more or less tell .
Yes DBS shd be 5b for 1H next week when they release Q1 results can more or less tell .
I am expecting a special ( or up ) dividend payout on 1H 2024, DBS wld lead the way .
Also I expecting OCBC to follow . Just my guess if both come up w a good one half ......5+B for DBS and over 3.5B for OCBC>
DYODD
happy investing
Also I expecting OCBC to follow . Just my guess if both come up w a good one half ......5+B for DBS and over 3.5B for OCBC>
DYODD
happy investing
beetlejuice ( Date: 25-Apr-2024 16:44) Posted:
|
Good news too from Common Equity Tier (CET) 1 ratio arc.
CET1 before $420 dividend is 15.9%.
CET1 after dividend payment is 15.1%.
So $420 is 0.8%.
Plse verify all of the above from their announcements in sgx.
But they wanna trim CET1 to 14% in short to medium terms which means there is strong likelihood of special dividend in the coming years.
Echoes ( Date: 25-Apr-2024 15:17) Posted:
|
Hahaha......OCBC is more conservative . They dont promise you any numbers , but throw you some figures and make you draw your own conclusions . Looks to me like a 7% to 9% dividen increment for the next 2 years . But of course , all others being equal meaning there are no drop in revenues elsewhere .
Gupta , on the other hand , tells you outright - 10% increase ( 24 cents ) in dividens over the next 3 years ! This type of man , I like .
Gupta , on the other hand , tells you outright - 10% increase ( 24 cents ) in dividens over the next 3 years ! This type of man , I like .
RL16EGG ( Date: 25-Apr-2024 15:58) Posted:
|
Am vested. The more I see, the more it goes up. Want to add more, also feel not decisive...
we have the similar views har. cheers.
FATABA ( Date: 25-Apr-2024 15:49) Posted:
|
Thank you for the update.
It probably explains why this fellow is on 4-day winning run.
It seems to me the upcoming Q1 results are going to be a pleasant surprise on eps and nav.
Assume 2024 div 88c, yield 5.94% (within historical range), price 14.81 hehe
But I hope it take a breather soon, hopefully -30c so that i can add LOL
It probably explains why this fellow is on 4-day winning run.
It seems to me the upcoming Q1 results are going to be a pleasant surprise on eps and nav.
Assume 2024 div 88c, yield 5.94% (within historical range), price 14.81 hehe
But I hope it take a breather soon, hopefully -30c so that i can add LOL
Echoes ( Date: 25-Apr-2024 15:17) Posted:
|
Good input an thanks for the detailed view on OCBC $3B commitment .
Even at 6% yield , it cld be 14.60 if 88c is the dividend ......and not fogetting that this exclude any other
major gain from GE Changes or that property development .
Thanks
Even at 6% yield , it cld be 14.60 if 88c is the dividend ......and not fogetting that this exclude any other
major gain from GE Changes or that property development .
Thanks
Echoes ( Date: 25-Apr-2024 15:17) Posted:
|
https://links.sgx.com/FileOpen/OCBC_AGM_responses_to_substantial_and_relevant_questions_24Apr2024.ashx?App=Announcement& FileID=797948
Shareholders' Q& A prior to AGM , released yesterday .
Of particular interest is Q3 , which I copy and paste below :
Question 3
At OCBC&rsquo s full year 2023 (&ldquo FY23&rdquo ) results presentation, it was set out that OCBC delivered on key financial targets for FY23, including the 2023 target embedded in the 3-year S$3 billion incremental revenue ambition. What is this incremental revenue ambition and the target achieved for 2023?
Response
On 3 July 2023, OCBC unveiled a unified brand across its core markets, demonstrating our commitment to the One Group approach to capitalise on the sizeable ASEAN-Greater China opportunity (https://www.ocbc.com/group/media/release/2023/ocbc-unifies-brand-solidifying-one-group-strategyto-accelerate-asean-greater-china-growth.page). With this sharpened focus, OCBC aims to accelerate its growth and deliver S$3 billion in incremental revenue by 2025, on top of the current growth trajectory. This is also discussed within our 2023 Annual Report. The incremental revenue target is to deliver one-sixth of the S$3 billion target in 2023, one-third in 2024 and the remaining half in 2025. Most of the incremental revenue is expected to come in 2025. In OCBC&rsquo s FY23 results presentation materials, we disclosed that OCBC delivered on the key financial targets for 2023, including the target of one-sixth, or approximately S$500 million, of the S$3 billion incremental revenue. This was mainly attributable to the growth in our customer base, enhanced digital and data analytics capabilities, and a broadened suite of products and services. We were able to achieve growth across the four growth priorities of our corporate strategy, namely from rising Asian wealth, increasing trade and investment flows, new economy sectors and sustainability transition.
So they target $1b incremental revenue for FY 2024 and another 1.5b incremental revenue for FY 2025 .
For simplicity , if we assume 50% of revenue translates into profits , and thereafter 50% of the profits is distrributed as dividens , we should expect a dividen increase of 6 cents for FY 2024 , and another increase of 8 cents for FY 2025 all other things being equal .
Or
2023 div = 82 cts
2024 div = 82 + 6 = 88 cts
2025 div = 88 + 8 = 96 cts .
It certainly does not look impossible .
Shareholders' Q& A prior to AGM , released yesterday .
Of particular interest is Q3 , which I copy and paste below :
Question 3
At OCBC&rsquo s full year 2023 (&ldquo FY23&rdquo ) results presentation, it was set out that OCBC delivered on key financial targets for FY23, including the 2023 target embedded in the 3-year S$3 billion incremental revenue ambition. What is this incremental revenue ambition and the target achieved for 2023?
Response
On 3 July 2023, OCBC unveiled a unified brand across its core markets, demonstrating our commitment to the One Group approach to capitalise on the sizeable ASEAN-Greater China opportunity (https://www.ocbc.com/group/media/release/2023/ocbc-unifies-brand-solidifying-one-group-strategyto-accelerate-asean-greater-china-growth.page). With this sharpened focus, OCBC aims to accelerate its growth and deliver S$3 billion in incremental revenue by 2025, on top of the current growth trajectory. This is also discussed within our 2023 Annual Report. The incremental revenue target is to deliver one-sixth of the S$3 billion target in 2023, one-third in 2024 and the remaining half in 2025. Most of the incremental revenue is expected to come in 2025. In OCBC&rsquo s FY23 results presentation materials, we disclosed that OCBC delivered on the key financial targets for 2023, including the target of one-sixth, or approximately S$500 million, of the S$3 billion incremental revenue. This was mainly attributable to the growth in our customer base, enhanced digital and data analytics capabilities, and a broadened suite of products and services. We were able to achieve growth across the four growth priorities of our corporate strategy, namely from rising Asian wealth, increasing trade and investment flows, new economy sectors and sustainability transition.
So they target $1b incremental revenue for FY 2024 and another 1.5b incremental revenue for FY 2025 .
For simplicity , if we assume 50% of revenue translates into profits , and thereafter 50% of the profits is distrributed as dividens , we should expect a dividen increase of 6 cents for FY 2024 , and another increase of 8 cents for FY 2025 all other things being equal .
Or
2023 div = 82 cts
2024 div = 82 + 6 = 88 cts
2025 div = 88 + 8 = 96 cts .
It certainly does not look impossible .
looks to be ATH as it surpassed previous peak back in 2018
prophetjul ( Date: 25-Apr-2024 10:29) Posted:
|
$14.25
Is this an all time high?
Is this an all time high?
OCBC should put its properties into a Reit and distribute the trust&rsquo s units to shareholders
Redeveloped Chulia and Church Streets properties can anchor a Reit
WHAT does not kill one makes one stronger. This adage might aptly describe Singapore&rsquo s listed banking trio, which have emerged strongly from the Covid-19 pandemic.
Take Singapore&rsquo s longest established bank, OCBC : O39 +0.93%. It was formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.
Shareholders who gather at the bank&rsquo s annual general meeting (AGM) on Apr 30 at Sands Expo & Convention Centre will have much to celebrate.
OCBC&rsquo s net profit attributable to equity holders for 2023 of S$7 billion was 44 per cent higher than pre-pandemic in 2019.
In 2023, return on equity (ROE) was 13.7 per cent, versus 11.2 per cent in 2019. Meanwhile, the bank&rsquo s common equity tier 1 capital adequacy ratio rose from 14.9 per cent in 2019 to 15.9 per cent in 2023. The bank enjoys high credit ratings by major rating agencies.
Shareholders are also being rewarded. Including the proposed final dividend, OCBC&rsquo s full year dividend per share for 2023 is S$0.82, up 21 per cent from a year ago and 55 per cent from 2019.
For 2024, OCBC&rsquo s ROE target is 13 to 14 per cent. If the bank continues achieving double-digit ROE, shareholders can look forward to continued growth in profit and dividend going forward.
Unlocking property value
Perhaps the bank should reward its shareholders with a special dividend linked to its property holdings in a few years&rsquo time.
Early this month, OCBC said it is exploring the redevelopment of its 63, 65 Chulia Street and 18 Church Street properties to rejuvenate a strategic area in the Central Business District (CBD). The bank&rsquo s head office is located at OCBC Centre, 65 Chulia Street, and was designed by the late IM Pei.
The said possible redevelopment of properties, sitting on over 120,000 square feet (sq ft) of land, could create a new development with office, retail and hospitality components.
Assuming a plot ratio of 8.4, gross floor area (GFA) will exceed 1 million sq ft. If the price per square foot of GFA is S$2,500 or more, gross development value can top S$2.5 billion.
Possibly, the redevelopment&rsquo s scale might be even larger depending on what is being planned and approved.
OCBC&rsquo s shareholders should welcome the redevelopment of the Chulia Street and Church Street properties as it optimises their value. Also, the bank can have a new head office building, which will help in brand building and attracting as well as retaining talent.
Should the bank proceed with the said redevelopment, it may need to transfer relevant properties to a partner to undertake the project. Upon its completion, the partner can then transfer the properties back to OCBC.
The bank&rsquo s property holdings are sizeable. It has investment properties with a market value of S$2.7 billion as at end-2023.
Might owning properties be inefficient for the bank and possibly a drag on ROE?
Reit rationale
Bundling the redeveloped Chulia Street and Church Street properties plus other property assets of the group into a Singapore-listed real estate investment trust (Reit) in a few years&rsquo time makes sense.
Units in the said trust, which might hold several billion Singapore dollars worth of properties, can be distributed to OCBC&rsquo s shareholders via a dividend in specie.
Such a Reit will have adequate size and free float. It will also be anchored by high-quality assets, namely the redeveloped Chulia Street and Church Street properties.
Potentially, such a Reit can differentiate itself from the trusts with external managers, which dominate the local bourse, by being internally managed, where unitholders own the manager. An internally managed trust may have lower management costs compared with externally managed trusts.
Importantly, having properties held through a Reit could result in greater focus on extracting value from active asset management. After all, a few billion dollars worth of properties will likely get much less management attention when they belong to a banking group with total assets of S$581.4 billion as at end-2023, where property may be a non-core business, versus being owned by a Reit.
OCBC need not own its head office space. To get security of tenure, it can sign a long-term lease. The organisation can also command much bargaining power in the leasing market due to its large space requirement.
Meanwhile, the bank&rsquo s shareholders might welcome receiving Reit units. Shareholders who want to cash in can sell their units. Others can hold onto their units to collect recurrent income and enjoy potential asset appreciation.
The bank&rsquo s shareholders who gather at its upcoming AGM may be concerned that the redevelopment of OCBC Centre, which was completed 48 years ago and nicknamed the calculator, needs to be done sensitively given the building&rsquo s rich heritage.
Still, redeveloping OCBC Centre and its neighbouring buildings can create a new CBD landmark which meets the needs of today&rsquo s space users.
Given the bank&rsquo s expertise in helping companies structure their business holdings and tap capital markets, the bank&rsquo s management should be able to package a redeveloped OCBC Centre and its neighbouring buildings plus other properties into a Reit vehicle that trades well.
Looking ahead, OCBC&rsquo s shareholders can perhaps ride on the bank working to be Asia&rsquo s leading financial services partner for a sustainable future while owning the bank&rsquo s properties via a separately listed trust.
https://www.businesstimes.com.sg/opinion-features/ocbc-should-put-its-properties-reit-and-distribute-trust-s-units-shareholders
ATH now 1410
Should be an ATH - any one recalls the ATH intra-day and day end close for OCBC? Could be all past now.
Break $14 soon?
Hits $14.