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641-660 of 6990
Managed to pick up 1500 even cheaper at $12.7
alexmay34 ( Date: 22-Feb-2023 22:24) Posted:
If tonight US drop a few hundred points, try to buy again!
alexmay34 ( Date: 22-Feb-2023 10:43) Posted:
| I put a queue for a small small amount 1500 shares at 12.8 I think I will get it! |
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If tonight US drop a few hundred points, try to buy again!
alexmay34 ( Date: 22-Feb-2023 10:43) Posted:
| I put a queue for a small small amount 1500 shares at 12.8 I think I will get it! |
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Your GE prediction was spot on , Fataba .
Profit was down 30% or some 300m no small matter, and the market reacted accordingly .
Nonetheless , I still think the 6b full year profit can be attained . No stats to back up my claim , just my hunch after seeing DBS' s results .
Tommorow morning its UOB' s turn followed by OCBC this Friday .
FATABA ( Date: 09-Feb-2023 13:21) Posted:
Good input and happy to see input backup w logical argument.
I agree and I think 60c is what I expect . THere is one area which your 6B might be affected ...that is GE contribution .
I am concern about the mark to mkt numbers from GE ( I doubt their investment income wld be good this qtr)
Other then that I dont think NPL or those Adani story of any issue
However, paying 60c or a little more is no issue to OCBC as their Tier 1 capital is well above requirement
Good luck
Happy investing.
Echoes ( Date: 09-Feb-2023 13:13) Posted:
Dont think it can hit $14.50 in 2 weeks thats almost $1.50 or another 12% to go . Unless OCBC makes bumper profits , gives out bumper dividens , or announce got new aquisitions .
Lets try to analyse from dividens and PE ratio point of view :
Historically, OCBC' s dividen payout ratio ranges from 45% to 50% . I think profit for FY2022 will be 6b .
If payout ratio is 45% , then FY22 dividen will be 60 cents . ( 0.45 x 6b / 4.5b shares )
If payout ratio is 50% , then FY22 dividen will be 67 cents ( 0.5 x 6b / 4.5b shares )
In todays high interest environment , investors would like to see a dividen yield of at least 4.5% . Lets use 4.5% yield as benchmark .
For 60 cents dividen, a yield of 4.5% translates to a share price of $13.33 .
For 67 cents dividen , a yield of 4.5% translates to a share price of $14.88
In my opinion , I dont think OCBC will pay 67 cents ( even though I really hope so ) cos traditionally they are quite conservative on their payouts . Also , 67 cents is a big jump from last years 53 cents , or an increase of 27% .
If we look from the perspective of PE ratio:
6b profits equals EPS of $1.33 . The PE ratio has been hovering around 10 lately , so the price shd be in the region of $13.33 .
To reach $14.50 , PE ratio will have to be 11 , which is still fair , but I dont think it will hit in 2 weeks . Hitting by this year is possible .
I do not know what the book value will be after the results , so have to wait . It has been trading at 1.0 to 1.1 price to book so that will be another gauge .
Of course, all my assumptions above are based on profit of 6b for FY 22 .
Hopefully come 13 Feb DBS will announce a set of stellar results and set new benchmark this may compel UOB and OCBC to do the same .
Happy investing |
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👍 🙏 🙏 🙏 🙏
FATABA ( Date: 22-Feb-2023 14:57) Posted:
coming half yr dividend 28c minimum , so if 30/32c plus a special of 10c ....I see OCBC back above 13.50
DYODD ....keeping finger cross.
alexmay34 ( Date: 22-Feb-2023 14:16) Posted:
| Shorting not enough, I don' t mind collecting it at 12.8 my average golfing around 1 |
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coming half yr dividend 28c minimum , so if 30/32c plus a special of 10c ....I see OCBC back above 13.50
DYODD ....keeping finger cross.
alexmay34 ( Date: 22-Feb-2023 14:16) Posted:
Shorting not enough, I don' t mind collecting it at 12.8 my average golfing around 11
FATABA ( Date: 22-Feb-2023 13:44) Posted:
| LOL low 12.81 now 1282, 1281 heavy Q .....Friday morning result |
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Shorting not enough, I don' t mind collecting it at 12.8 my average golfing around 11
FATABA ( Date: 22-Feb-2023 13:44) Posted:
LOL low 12.81 now 1282, 1281 heavy Q .....Friday morning result
alexmay34 ( Date: 22-Feb-2023 10:43) Posted:
| I put a queue for a small small amount 1500 shares at 12.8 I think I will get it! |
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LOL low 12.81 now 1282, 1281 heavy Q .....Friday morning result
alexmay34 ( Date: 22-Feb-2023 10:43) Posted:
| I put a queue for a small small amount 1500 shares at 12.8 I think I will get it! |
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Thank you. Your reply is very reassuring.
I put a queue for a small small amount 1500 shares at 12.8 I think I will get it!
GE result is not very good .....still profitable but drop 30% or so ( detail pls check SGX website)
As OCBC owns GE . it nett total might come in lower .......BUT looking at the total , I think OCBC would give a special or increase its payout from current 28c
Keeping finger cross till Friday morning result
Dyodd
incirent ( Date: 22-Feb-2023 10:24) Posted:
| Does anyone know why the sudden big drop in OCBC share price when both UOB/DBS are going up? Thanks |
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Does anyone know why the sudden big drop in OCBC share price when both UOB/DBS are going up? Thanks
OCBC last did a stock split in 2005 and currently has 4.49b shares outstanding .
At last done price of 13.13 , its market cap is currently 58.9b .
UOB shares outstanding is 1.67b with a market cap of 51.7b based on share price of 30.98.
DBS is the biggest bank with 2.59b shares outstanding , market cap of 90.7b .
Saw a post once that explained why OCBC price lags so far behind UOB & DBS.
Seems OCBC split its shares once or twice and has a huge share float compared to the other 2.
I think all 3 banks are no longer local. They have all been expanding into regional countries.
Nippon72 ( Date: 18-Feb-2023 11:05) Posted:
A matter of when.
I always feel why should OCBC play second fiddle to UOB when by assets they are larger than UOB?
Given Singapore market, I was told by my seniors (some years back) that we can only have 2 local banks. Since then I had this wish for UOB & OCBC to merge and we can call it " United Overseas Chinese Bank" .
Bought into OCBC for its GEL (crown jewel imo) and its share price is something I can afford then. Quietly confident we will be rewarded for our patience.
Vested. Holding tighly my 2.5 lots @ avg $8.96 |
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OCBC is a well managed bank with integrity. Biggest problem for OCBC is announcement of extent of ADANI lending exposure and will only be revealed once the results are announced - I think should be ok but not nothing - let us see
Same here I have been accumulating this stock since 2011 and has never sold any . Dividends received are re-invested .
In the 12 yrs that i held , dividens has increased steadily from 30 cents to 53 cents ( FY 21 ), with an expectation of 60 cents minimum for FY 22 . The corresponding share price increase during this period is $7 to $13 . The average dividen yield ( dividen against share price ) is around 4% , the average dividen growth is around 7% pa over the last 12 years ( increase in dividen payout over time ) , and the stock price growth over the last 20 years is around 6% per annum .
It may not necessarily be the best stock in SGX but at least it is less volatile . My only gripe is the dividen payout ratio lacks behind the other 2 banks at around 43% to 50% , whereas the other 2 pays out 50% consistently .
In terms of valuation OCBC has been trading at a cheap price of 1 to 1.1 P/BV and PE ratio of 9 to 11 recently . Not a smart decision to sell at this point .
DBS has already announced stellar results and dividens lets hope UOB announce the same on the 23rd and hopefully this can compel OCBC to do the same come Feb 24th .
Goldfinger ( Date: 18-Feb-2023 22:06) Posted:
Well, nothing stopping them from paying out a fat special dividend, like what DBS has done, and UOB may or could do. If so, the dividend yield will be higher than 4.5%. Significantly so, hopefully. For many of us dividend investors, the dividend matters more than share prices, as that is just paper profits. And we are not going to sell, even if it hits $14 or $15, I think.
Echoes ( Date: 10-Feb-2023 10:58) Posted:
Er....you misread .
I said it will not hit $14.50 by end Feb however by this year 2023 it is a possibility , on the assumption that FY22 profit is 6b and PE ratio at 11 . ( EPS $1.33 x 11 = $14.63 ) |
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Well, nothing stopping them from paying out a fat special dividend, like what DBS has done, and UOB may or could do. If so, the dividend yield will be higher than 4.5%. Significantly so, hopefully. For many of us dividend investors, the dividend matters more than share prices, as that is just paper profits. And we are not going to sell, even if it hits $14 or $15, I think.Echoes ( Date: 10-Feb-2023 10:58) Posted:
Er....you misread .
I said it will not hit $14.50 by end Feb however by this year 2023 it is a possibility , on the assumption that FY22 profit is 6b and PE ratio at 11 . ( EPS $1.33 x 11 = $14.63 ) .
incirent ( Date: 10-Feb-2023 09:47) Posted:
# echoes. Thank you for the very detailed analysis of OCBC reaching $14.50 by the end of February.
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Buddy,
Never say Never.
Asked OUB back then would they think they would be acquired by UOB?
A 5million population on 700 sq km piece of rock, do we need 3 x local banks?
We can consolidate further to have muscle mass to compete with others.
My 2 cts & day dreams
Honestly, I could only afford OCBC then else probably would have bought UOB too.
bishan22 ( Date: 18-Feb-2023 11:32) Posted:
Day dream...
Nippon72 ( Date: 18-Feb-2023 11:05) Posted:
A matter of when.
I always feel why should OCBC play second fiddle to UOB when by assets they are larger than UOB?
Given Singapore market, I was told by my seniors (some years back) that we can only have 2 local banks. Since then I had this wish for UOB & OCBC to merge and we can call it " United Overseas Chinese Bank" .
Bought into OCBC for its GEL (crown jewel imo) and its share price is something I can afford then. Quietly confident we will be rewarded for our patience.
Vested. Holding tighly my 2.5 lots @ avg $8.96 |
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Day dream...
Nippon72 ( Date: 18-Feb-2023 11:05) Posted:
A matter of when.
I always feel why should OCBC play second fiddle to UOB when by assets they are larger than UOB?
Given Singapore market, I was told by my seniors (some years back) that we can only have 2 local banks. Since then I had this wish for UOB & OCBC to merge and we can call it " United Overseas Chinese Bank" .
Bought into OCBC for its GEL (crown jewel imo) and its share price is something I can afford then. Quietly confident we will be rewarded for our patience.
Vested. Holding tighly my 2.5 lots @ avg $8.96 |
|
A matter of when.
I always feel why should OCBC play second fiddle to UOB when by assets they are larger than UOB?
Given Singapore market, I was told by my seniors (some years back) that we can only have 2 local banks. Since then I had this wish for UOB & OCBC to merge and we can call it " United Overseas Chinese Bank" .
Bought into OCBC for its GEL (crown jewel imo) and its share price is something I can afford then. Quietly confident we will be rewarded for our patience.
Vested. Holding tighly my 2.5 lots @ avg $8.96
Really hope OCBC can go above 14 sooner
