Latest Forum Topics / OCBC Bank Last:16.1 -0.09 | Post Reply |
OCBC
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Huatahearnmoney
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28-Nov-2013 09:44
Yells: "Rich is ruthless, share the wealth ,share your insider news!" |
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OCBC mid term $12. Source: That family 
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myfcoach
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28-Nov-2013 09:37
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hi, notice that it is being supported by the 200 days MA...but moving slowly upwards...hope the movement will accelerates soon....keep bouncing off 10.31..resistance at 10.60 eyed...once broken will fly...look at Kep corp...after break 11...moving up.
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Octavia
Elite |
28-Nov-2013 09:19
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Maybank-KE upgrades sector to OverWeight: DBS remains the popular pick Maybank-KE upgrades the Singapore banking sector to Overweight, with DBS as the house top pick. With short-term interest rates expected to bounce up as early by 2015, this could spark a new re-rating wave as early as 2H14, after several years of depression in net interest margins. The house projects 3M SIBOR to rise to 1.0% by end-2015 and to 2.0% by end-2016 (currently 0.4%) and conclude that overall industry asset quality should remain resilient due to: 1) the majority of the loan growth came from traditionally safer housing loans and short-term US$ trade loans 2) strong household balance sheet 3) decent corporate balance sheet and 4) a growing economy DBS (Buy: TP $19.70) ranks highly given its position to benefit the most from higher interest rates given its strong deposit franchise and liquid balance sheet, while the on-going transformation at DBS should support a higher medium-term ROE profile. Also upgrade UOB (Buy: TP $23.40) on its resilient Asean market exposure which allows it to capture Asian consumer affluence, cheap P/E valuation, and management?s discipline in M& A?s suggests low risk of overpaying for Wing Hang . OCBC (Hold: TP $11.30) is the house least preferred bank, for its volatile earnings profile, and risk of overpaying for Wing Hang. Separately, we note that two foreign brokers had similarly reiterated their Buy calls on DBS this morning, citing the bank as its top pick Singapore banking pick, on grounds of the group?s ability to leverage off its stronger foothold in the private banking industry, its strong NIM outperformance and limited risky Asean exposure. | ||||
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Octavia
Elite |
01-Nov-2013 08:43
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OCBC posted a 59 per cent drop in third quarter net profit in the absence of huge one-off gains, but a strong performance from its consumer and insurance businesses helped it beat expectations.
OCBC, whose businesses include private bank Bank of Singapore and insurer Great Eastern Holdings Ltd, earned S$759 million (US$612 million) in the three months ended Sept 30, down from S$1.85 billion a year earlier. Its profit beat the S$642 million average forecast of six analysts polled by Reuters. The fall was magnified by a S$1.13 billion one-off gain a year earlier from the sale of a stake in Fraser and Neave and Asia Pacific Breweries Ltd. Excluding one-off items, net profit rose 5 per cent, boosted by a rise in net interest income and a strong quarter for Great Eastern. However, its treasury business had a tougher quarter due to market volatility. |
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Octavia
Elite |
23-Oct-2013 09:47
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CLSA reckons 3Q13 results are likely underwhelming. NIMs are expected to be stable but slower loan growth, subdued non-interest income and bad debts are expected to weigh on the bottom line. OCBC?s headline numbers will look particularly weak on a y/y basis given the material gain in 3Q12. CS? order of preference is: UOB, OCBC, DBS. UOB (5th Nov) ? forecast 3Q13 NPAT of $634m (-3% y/y, - 13% q/q) on the back of exceptional gains in both 3Q12 and 2Q13. There will be gains in 3Q13. However, these are expected to be lower than previous periods. Recommendation: Buy, TP: $24.20 OCBC (1st Nov) ? forecast 3Q13 NPAT of $655m (-65% y/y, +4% q/q) as 2Q13 was particularly weak, while there was a $1.1bn gain in 3Q12. On an underlying basis, 3Q is expected to be down 10% y/y on subdued non-interest income and higher bad debts. Recommendation: Outperform, TP: $11.30 DBS (1st Nov) ? forecast 3Q13 NPAT of $847m (-1% y/y, -4% q/q) on slower loan growth momentum, smaller fees & commissions and lower trading income. 2Q13 was an exceptionally strong quarter for non-interest income. Recommendation: Underperform, TP: $18.5 |
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marubozu1688
Veteran |
20-Oct-2013 20:46
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Watch out for trend reversal for OCBC. http://mystocksinvesting.com/singapore-stocks/ocbc-bank/ocbc-bank-shooting-star-at-resistance/   |
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myfcoach
Member |
17-Oct-2013 19:43
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  hi, just buy after it rebounded (no rebound no buy) from the 200 days moving average. Notice that the support(where it rebounds) is getting higher and higher.   cheers, Jason at  http://myfcoach.com/  and  http://millionaire-investors.blogspot.sg/ |
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crashburner
Member |
17-Oct-2013 11:22
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TMD....entered too early and exited too early....still a novice in this...only make peanuts out of it | ||||
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Immortal
Member |
04-Oct-2013 09:24
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What is a good price to enter for OCBC? | ||||
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crashburner
Member |
03-Oct-2013 07:05
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damn....went in too early @ 10.25 | ||||
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Octavia
Elite |
27-Sep-2013 15:19
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UOB Kay Hian maintains Buy with $11.86 TP. House note that the rout for government bonds in 2Q13 is unlikely to be repeated and expect contribution from life insurance to normalise to S$150m in 3Q13. Great Eastern?s underlying life insurance franchise continues to expand with TWNS expanding 33.8% in 1H13. | ||||
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cbdoctor
Member |
17-Sep-2013 21:56
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What use being the strongest bank? Not progressing. Loosing customer everyday. Where profit come from? They are too proud  and many customers are switching  to another banks. Short is the way to go for this counter now. Huat Ah   |
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bh3388
Member |
17-Sep-2013 20:17
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  534 lots shorted today, any clue or care to shed some light, anyone?... txs |
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AseanTradingLink
Member |
16-Sep-2013 16:35
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OCBC one of World's strongest bank 华 侨 银 行 全 球 最 强 银 行 之 一 http://aseantradinglink.blogspot.com/2013/09/ocbc-one-of-worlds-strongest-bank.html |
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biturbo
Senior |
16-Sep-2013 09:10
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Sold!! Huat ah!!! | ||||
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solidbuy
Veteran |
13-Sep-2013 11:09
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regretted buying this counter. damn it.
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biturbo
Senior |
12-Sep-2013 11:25
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Nearing my TP.... Huat ah!!! | ||||
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chinastar
Senior |
05-Sep-2013 11:35
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F1 is coming,.......fast n furious:)
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biturbo
Senior |
03-Sep-2013 22:56
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If buy bluest chip has high yield then no one will bother with pennies... low/high risk low/high return... Anytime if u know of any " sure eat" and high return, pls share...i also tired of blue ones...very slow moving at times... |
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banana
Member |
03-Sep-2013 19:41
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10000 mke 200. use 100 000 to mke 2000???
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