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521-540 of 6990
value for money with its dividend
Ex date and payment date is so longggggggggg way away. 8th and 21st May 2024! Why is it so slowwwwww?
Ridiculous!
I picked up more today. Threw in a vote of support :) huattuatua ( Date: 28-Feb-2024 14:37) Posted:
concurr with u, at first i still thought 50cts is acheivable
but 2 bad, mkt thinks otherwise.
FATABA ( Date: 28-Feb-2024 08:41) Posted:
| A good set of result. 42c is honestly not bad. DYOD |
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I am quite confident that interim dividen for H1 2024 will see a minimum of 40cts and very likely another 42cts . So we are talking 84 cts dividens to be paid by Aug/Sept this year , or in the next 6 months .
If price stays at current $13 , we are talking $12.16 theoretical ex dividens pricing .
I doubt we will see $12.16 in Aug . It has to creep up at some point .
those shorting at 12.97 to 12.99 in for a nasty surprise
seanpent ( Date: 28-Feb-2024 16:41) Posted:
| nice ... back to 13 ... a good booster shot for the banks |
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nice ... back to 13 ... a good booster shot for the banks
concurr with u, at first i still thought 50cts is acheivable
but 2 bad, mkt thinks otherwise.
FATABA ( Date: 28-Feb-2024 08:41) Posted:
A good set of result. 42c is honestly not bad. DYODD
Goldfinger ( Date: 28-Feb-2024 08:02) Posted:
| Ok lah - 40 cents would have been terrible. I can live with 42cts final |
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OCBC Q4 net profit rises 12% to S$1.62 billion declares S$0.42 final dividend
OCBC&rsquo s net profit for the fourth quarter ended Dec 31, 2023 gained 12 per cent to S$1.62 billion from S$1.44 billion a year prior, driven by a 2 per cent increase in operating profit as well as lower allowances.
The latest profit figure fell short of the S$1.72 billion estimate based on one analyst polled by Bloomberg.
On Thursday (Feb 28), the lender reported a net interest income of S$2.46 billion, up 3 per cent from a year ago as average assets grew 4 per cent.
Net interest margin (NIM) moderated 2 basis points to 2.29 per cent, which OCBC attributed to higher funding costs that more than offset its increase in asset yields.
Non-interest income rose 25 per cent to S$811 million, as net fee income increased 16 per cent year on year due to higher fees from wealth management, credit card and loan-related activities. Net trading income also improved 22 per cent on the back of higher customer flow treasury income, offset in part by a decline in insurance income.
The bank&rsquo s non-performing loan ratio as at Dec 31, 2023 was 1 per cent &ndash down 0.2 percentage point from the prior year.
Total allowances for the quarter stood at S$187 million, down 41 per cent from S$314 million in the prior year due to a decline in allowances for both impaired and non-impaired assets.
The bank declared a final dividend of S$0.42 per share, bringing its total dividend for the full year to S$0.82 per share, up 21 per cent from S$0.68 the prior year.
It represents a dividend payout ratio of 53 per cent of the group&rsquo s FY2023 net profit, which was up 27 per cent at S$7.02 billion.
OCBC Q4 profit up 12% to $1.62 billion, to pay final dividend of 42 cents
Super high revenue, profit and higher dividend
Yet share prices drop 0.40c (3%).
seems so ... DBS set the bar too high ...
it took more than couple of days for UOB to find its base ...
Echoes ( Date: 28-Feb-2024 09:28) Posted:
Lol UOB payout ratio 50% investors dump, OCBC payout ratio 53% ( highest on record , same as last year ) investors also dump .
Blame DBS for settting the bar too high ? 
For the record , OCBC past 3 years dividens as follows :
2023 82cts
2022 68cts
2021 53cts
Things will readjust itself when the dust finally settles .
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Lol UOB payout ratio 50% investors dump, OCBC payout ratio 53% ( highest on record , same as last year ) investors also dump .
Blame DBS for settting the bar too high ?
For the record , OCBC past 3 years dividens as follows :
2023 82cts
2022 68cts
2021 53cts
Things will readjust itself when the dust finally settles .
may have to wait for the dust to settle
chubbybastard ( Date: 28-Feb-2024 08:18) Posted:
This is going to sink like the titanic
Aeonfcuks ( Date: 28-Feb-2024 07:33) Posted:
| Gg liao, fasten seat belt and prepare for the dive |
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After subtracting 42cts, FY 2024 div yield based on current price could be about 6.4%. Which is decent enough for me.
FATABA ( Date: 28-Feb-2024 08:41) Posted:
A good set of result. 42c is honestly not bad. DYODD
Goldfinger ( Date: 28-Feb-2024 08:02) Posted:
| Ok lah - 40 cents would have been terrible. I can live with 42cts final |
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A good set of result. 42c is honestly not bad. DYODD
Goldfinger ( Date: 28-Feb-2024 08:02) Posted:
Ok lah - 40 cents would have been terrible. I can live with 42cts final
Aeonfcuks ( Date: 28-Feb-2024 07:33) Posted:
| Gg liao, fasten seat belt and prepare for the dive |
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This is going to sink like the titanic
Aeonfcuks ( Date: 28-Feb-2024 07:33) Posted:
| Gg liao, fasten seat belt and prepare for the dive |
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Ok lah - 40 cents would have been terrible. I can live with 42cts final
Aeonfcuks ( Date: 28-Feb-2024 07:33) Posted:
| Gg liao, fasten seat belt and prepare for the dive |
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Gg liao, fasten seat belt and prepare for the dive
OCBC Full Year 2023 Net Profit
Rose 27% to a Record S$7.02 billion
Fourth quarter net profit up 12% from a year ago to S$1.62 billion
2023 full year dividend raised to 82 cents, up 21% from 68 cents in 2022
Singapore, 28 February 2024 ? Oversea-Chinese Banking Corporation Limited (?OCBC?) reported net
profit of S$7.02 billion for the financial year 2023 (?FY23?), up 27% from S$5.53 billion a year ago (?FY22?).
Total income for FY23 rose to a new high of S$13.5 billion, lifted by growth across the Group?s diversified
income streams, with net interest income at a record high, and trading and investment income higher. Loan-
related and credit card fees rose, but overall fee income was down as subdued investment sentiments
continued to weigh on wealth-related fees. Continued cost discipline amid an inflationary environment,
combined with income growth, drove the cost-to-income ratio lower to 38.7%. Asset quality was resilient
with NPL ratio of 1.0% and credit costs at 20 basis points. The Group?s strong capital, funding and liquidity
levels provide ample headroom to drive growth and capture opportunities as they arise.
With strong earnings and sound capital position, the Board is pleased to recommend an increase in the final
dividend to 42 cents per share from 40 cents a year ago. This brings the FY23 dividend to 82 cents per
share, up 21% from 68 cents a year ago and represents a payout ratio of 53% of the Group?s FY23 net
profit.
Please give special dividend of $0.20.....please.....
Goldfinger ( Date: 27-Feb-2024 19:52) Posted:
Yes, DBS was far ahead and blew everyone away. OCBC - 42 cents to 45 cents could be the outcome. But, they may have surplus capital which they want to distribute out. We will know in 12 hours. Hope it will be a very pleasant surprise.
Echoes ( Date: 27-Feb-2024 18:27) Posted:
50cts tomorrow is too much la . I did a rough estimation, if they stick to a 50% payout ratio its will be around 40 cts .
But if its 40cts tomorrow , many will be dissapointed and dump . Cos last year the payout ratio is 53% . Also , because DBS has set the bar too high 
42 to 45cts is most likely IMO . Of course , I wouldnt mind if its more .
We will know is about 12 hrs time . |
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Yes, DBS was far ahead and blew everyone away. OCBC - 42 cents to 45 cents could be the outcome. But, they may have surplus capital which they want to distribute out. We will know in 12 hours. Hope it will be a very pleasant surprise.Echoes ( Date: 27-Feb-2024 18:27) Posted:
50cts tomorrow is too much la . I did a rough estimation, if they stick to a 50% payout ratio its will be around 40 cts .
But if its 40cts tomorrow , many will be dissapointed and dump . Cos last year the payout ratio is 53% . Also , because DBS has set the bar too high
42 to 45cts is most likely IMO . Of course , I wouldnt mind if its more .
We will know is about 12 hrs time . |
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