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581-600 of 6990
Yet another set of excellent results. I have been trying to add a few more lots but this fellow is very resilient.
Looking ahead, I think it will dance between 2 price ranges, 12.51-13.15 and 12.15 to 13.15 subject to the 2 wars, fed hike, usa-china trade war/tension and oil price.
Meanwhile, lets enjoy the dividends and hopefully, there is a special dividend as an icing on the cake.
Looking ahead, I think it will dance between 2 price ranges, 12.51-13.15 and 12.15 to 13.15 subject to the 2 wars, fed hike, usa-china trade war/tension and oil price.
Meanwhile, lets enjoy the dividends and hopefully, there is a special dividend as an icing on the cake.
Dear friends, after going through the Q3 results, I fully understand your excitements. Who doesn' t? With so much cash accumulated, OCBC should plan to disburse an extra bonus come May/2024. If our expectation comes true, we will be able to vacation in Chile. while enjoying a nice juicy prime rib and looking out at the paciific ocean. Thanking OCBC in anticipation.
Definately good set of result ....so can expect a record full year ......CEO confirm the 50% payout ratio.
Nine months 2023 net profit up 32% to new high of S$5.40 billion Q4 just 1,8B wld bring OCBC full yr to $7.2B
Expect nothing less then 40c for full year with the potential of a special dividend.
Dyodd
Happy investing.
Nine months 2023 net profit up 32% to new high of S$5.40 billion Q4 just 1,8B wld bring OCBC full yr to $7.2B
Expect nothing less then 40c for full year with the potential of a special dividend.
Dyodd
Happy investing.
SDEXXXXD ( Date: 10-Nov-2023 07:04) Posted:
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With these numbers, I would expect some nice fat bumper special dividend. Hope they are as generous as the profit numbers are showing.
muted openning ... sell on news liao?
OCBC Group Third Quarter 2023 Net Profit
Rose 21% from the Previous Year to S$1.81 billion
Nine months 2023 net profit up 32% to new high of S$5.40 billion
Singapore, 10 November 2023 ? Oversea-Chinese Banking Corporation Limited (?OCBC?) reported net
profit of S$1.81 billion for the third quarter of 2023 (?3Q23?), 21% higher from S$1.49 billion a year ago
(?3Q22?), and 6% above S$1.71 billion in the previous quarter (?2Q23?). Net profit for the nine months of
2023 (?9M23?) was a record S$5.40 billion, a 32% increase from a year ago (?9M22?).
The Group?s robust year-on-year performance for 3Q23 was driven by a 13% rise in total income,
underpinned by record net interest income and growth in non-interest income. The cost-to-income ratio for
the quarter improved year-on-year to 39.1%, while credit costs in 3Q23 were an annualised 17 basis points.
Loans grew 1% in constant currency terms and portfolio quality remained resilient, with the non-performing
loan (?NPL?) ratio declining to pre-pandemic levels at 1.0%. The Group maintained its sound capital, funding
and liquidity positions, to support growth opportunities and ensure adequate buffers for uncertainties.
3Q23 return on equity (?ROE??) rose to 14.0% and earnings per share (?EPS?) increased to S$1.58 on an
annualised basis.
Rose 21% from the Previous Year to S$1.81 billion
Nine months 2023 net profit up 32% to new high of S$5.40 billion
Singapore, 10 November 2023 ? Oversea-Chinese Banking Corporation Limited (?OCBC?) reported net
profit of S$1.81 billion for the third quarter of 2023 (?3Q23?), 21% higher from S$1.49 billion a year ago
(?3Q22?), and 6% above S$1.71 billion in the previous quarter (?2Q23?). Net profit for the nine months of
2023 (?9M23?) was a record S$5.40 billion, a 32% increase from a year ago (?9M22?).
The Group?s robust year-on-year performance for 3Q23 was driven by a 13% rise in total income,
underpinned by record net interest income and growth in non-interest income. The cost-to-income ratio for
the quarter improved year-on-year to 39.1%, while credit costs in 3Q23 were an annualised 17 basis points.
Loans grew 1% in constant currency terms and portfolio quality remained resilient, with the non-performing
loan (?NPL?) ratio declining to pre-pandemic levels at 1.0%. The Group maintained its sound capital, funding
and liquidity positions, to support growth opportunities and ensure adequate buffers for uncertainties.
3Q23 return on equity (?ROE??) rose to 14.0% and earnings per share (?EPS?) increased to S$1.58 on an
annualised basis.
My humble views on my position in OCBC and going to sell some partially
https://youtu.be/GG13THhEDvk
https://youtu.be/GG13THhEDvk
when we see bloodbath in global markets
https://www.reuters.com/world/middle-east/iraq-war-quotes-conflict-its-aftermath-2023-03-15/
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=B9RMDJ719YJOIUIV
https://www.youtube.com/watch?v=4EPHUvk4xC8
chartistkao1 ( Date: 06-Nov-2023 14:45) Posted:
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sell more ocbc during ukraine russia war and gaza war
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=B9RMDJ719YJOIUIV
https://www.youtube.com/watch?v=EugpuiJFfKo
MikeKoh1399 ( Date: 03-Nov-2023 14:34) Posted:
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From UOBKayHian retail market monitor, 30 Oct 2023:
Oversea-Chinese Banking Corp (OCBC SP)
Trading Sell Range: S$12.76-12.77
Last price: S$12.76
Target price: S$11.92
Protective stop: S$13.10
Price was unable to penetrate its recent price high, and formed a potential lower high. A lower low could be forming if it violates its recent low of S$12.68. The MACD is moving lower after a bearish crossover. Price could be moving lower if it further breaks below its recent price low.
The potential downside target is S$11.92. Stop- loss could be placed at S$13.10.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental BUY and target price of S$18.22.
Oversea-Chinese Banking Corp (OCBC SP)
Trading Sell Range: S$12.76-12.77
Last price: S$12.76
Target price: S$11.92
Protective stop: S$13.10
Price was unable to penetrate its recent price high, and formed a potential lower high. A lower low could be forming if it violates its recent low of S$12.68. The MACD is moving lower after a bearish crossover. Price could be moving lower if it further breaks below its recent price low.
The potential downside target is S$11.92. Stop- loss could be placed at S$13.10.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental BUY and target price of S$18.22.
Too many..... like hawker center... lol
Seems Chartiskao has been posting on them at the same time with different articles at the same time
Seems Chartiskao has been posting on them at the same time with different articles at the same time
Red_Bean ( Date: 25-May-2023 14:01) Posted:
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Dozens of OCBC threads ??
Which is which?
Which is which?
OCBC profit up 39% for Q1 to record S$1.9 billion
OCBC : O39 +0.57%&rsquo s net profit for its first quarter rose 39 per cent to S$1.9 billion, buoyed by strong net interest income growth.
This was compared with S$1.4 billion for the year-ago period the earnings also beat the S$1.6 billion consensus forecast in a Bloomberg survey of five analysts.
At the bank&rsquo s earnings briefing on Wednesday (May 10), OCBC group chief executive Helen Wong noted that the record results came despite global volatility.
Total income for the quarter rose 27 per cent year on year to S$3.4 billion, supported by higher net interest income, which helped offset a drop in non-interest income.
Net interest income was the second-highest on record, climbing 56 per cent to S$2.3 billion. This was supported by a 75 basis point rise in net interest margin (NIM), which stood at 2.3 per cent.
But quarter on quarter, net interest income fell 2 per cent largely due to a shorter first quarter.
NIM also fell by one basis point on the quarter, as the rise in asset yields was offset by higher funding costs and a lower loan-to-deposit ratio.
Wong noted that the lender will likely have limited potential to reprice its loan book upwards given that interest rates have likely peaked.
Funding costs will also continue to catch up, which is &ldquo a natural phenomenon in a rapidly rising interest rate environment&rdquo , Wong said.
Non-interest income was down 11 per cent to S$1 billion due to a drop in wealth management fees, partly offset by a rise in trading income and net realised gains from the sale of investment securities.
Wong noted that investor sentiments have somewhat returned, however, which boosted income for the bank&rsquo s wealth management segment quarter on quarter.
In Q1, assets under management grew to S$270 billion, while the bank also saw a net new money inflow of about S$10 billion.
As for the group&rsquo s insurance business, total new business embedded value fell 11 per cent on the year, and total weighted new sales declined 22 per cent, due to softer single premium sales from the Singapore market.
The bank expects less volatility in insurance profits in the future, as the adoption of new accounting reporting standards would reclassify some assets and liabilities into fair value through other comprehensive income.
The bank&rsquo s non-performing loans ratio at the end of the quarter was 1.1 per cent, down 0.3 percentage point from the previous year.
On the year, total allowances rose 151 per cent to S$110 million, with about S$56 million in allowances for impaired assets, and S$54 million for non-impaired assets.
But Wong noted that the allowances were down 65 per cent from the previous quarter. &ldquo We always remember to be forward-looking, and do something a bit earlier rather than when something happens, (and have the amount) jump up.&rdquo
Customer loans remained unchanged at S$294 billion as at Mar 31, but was up 3 per cent on the year on a constant currency basis. Meanwhile, customer deposits grew 5 per cent to S$367 billion due to a rise in fixed deposits.
The lender raised its NIM guidance to 2.2 per cent from 2.1 per cent as it was a &ldquo natural conclusion for the whole year&rdquo , Wong said.
OCBC&rsquo s NIM guidance is the highest among the three local banks &ndash UOB was looking to keep it at between 2.1 per cent and 2.2 per cent, while DBS is guiding for between 2.05 per cent and 2.1 per cent.
Wong said OCBC&rsquo s NIM had a higher starting point, and based on assumptions that interest rates will be maintained at current levels, the adjustment better reflects its projections.
OCBC also cut loan growth guidance from a mid single digit growth to a low-to-mid single digit growth, given its experiences in the first quarter and the volatility of the markets, Wong said.
She said the lender will continue to look into spillover effects from the banking crisis in the US, as well as stress test its developed markets commercial real estate portfolio.
It kept its credit cost guidance of 15 to 20 basis points. Credit costs stood at 12 basis points for Q1.
Looking ahead, Wong said OCBC remains well-positioned as its key markets in Asia are expected to stay resilient.
She also noted opportunities if political tensions continue &ndash customers may look for support from a strong Singapore bank for their &ldquo China Plus One&rdquo strategy in Asia.
&ldquo We do see opportunities of banking more multinational companies in this region, as competitors from the West are in a way less competitive now in Asia,&rdquo she said.
OCBC: First Quarter 2023 Net Profit Up 39% From The Previous Year To A Record S$1.88 Billion.
10 May 2023 10:32
Oversea-Chinese Banking Corporation Limited reported record net profit of S$1.88 billion for the first quarter of 2023, 39% higher as compared to S$1.36 billion a year ago, and 44% above S$1.31 billion in the previous quarter...
OCBC goes ex-dividend Monday? Where will the share price be heading? Looking forward to chomping more.
Singapore Blue-Chip Stocks Yielding 5% or More
OCBC Ltd (SGX: O39)
OCBC is Singapore&rsquo s second-largest bank by market capitalisation and offers a comprehensive range of banking services for individuals and corporations.
The bank reported a sparkling set of earnings for 2022 due to surging interest rates that pushed its net profit to a record high of S$5.7 billion.
In line with the good results, OCBC hiked its total dividend to S$0.68 for last year, 28% higher than the S$0.53 paid out in the prior year.
At a share price of S$12.73, shares of the lender yielded 5.3%.
There could be more good news from the bank in the quarters to come.
The group has opened a new private banking subsidiary in Malaysia and rolled out onshore private banking services in China to broaden its suite of services.
Its wealth platform has also expanded its suite of products and services.
Moreover, OCBC expects interest rates to remain elevated this year, helping to prop up its net interest income.
UOBKH adds OCBC
Buy OCBC,
According to analyst Jonathan Koh, OCBC is less susceptible to net interest margin (NIM) compression in the event that the US Federal Reserve (US Fed) cuts interest rates due to its lower current and savings account (CASA) ratio of 51.8%.
OCBC also provides an attractive dividend yield of 6.3% for 2024, as the management intends to maintain dividend payout ratio at 50% going forward, he says.
Koh maintains his & ldquo buy call with a target price of $16.92.
Buy OCBC,
According to analyst Jonathan Koh, OCBC is less susceptible to net interest margin (NIM) compression in the event that the US Federal Reserve (US Fed) cuts interest rates due to its lower current and savings account (CASA) ratio of 51.8%.
OCBC also provides an attractive dividend yield of 6.3% for 2024, as the management intends to maintain dividend payout ratio at 50% going forward, he says.
Koh maintains his & ldquo buy call with a target price of $16.92.
For me , it is not just this 40c , if it is twice that 80c translate to a 6.4% yield at 12.50 ...wow fund will be like bees to honey .
Even at 28+40 , 68c it is still 5.4% which I doubt OCBC will give 28c for 1H 23 noting that their current profit is weight down by GE MTM numbers.
W rising interest , even qtr point twice will bring OCBC profit up again .
Certainly great opportunity for CEO Helen w China reopening too ....dyodd
Even at 28+40 , 68c it is still 5.4% which I doubt OCBC will give 28c for 1H 23 noting that their current profit is weight down by GE MTM numbers.
W rising interest , even qtr point twice will bring OCBC profit up again .
Certainly great opportunity for CEO Helen w China reopening too ....dyodd
Echoes ( Date: 06-Mar-2023 16:51) Posted:
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Thanks for correcting double checked🙏 🙏
Echoes ( Date: 06-Mar-2023 16:51) Posted:
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