Nice closing yesterday at 12.47 looks like this positive momentum may prevail!
I think she may rise up to re-attemp 12.68 than 12.90-13.00.
Interim Dividend of about 0.28 is coming on 4th August results announcement.
If there is an increase in the interim dividend, price may likely get boosted further.
Please dyodd.
Chart wise, A nice gap up yesterday looks rather interesting! Yield of 5.5% for this local bank is a great opportunity. Don't miss out!
Indeed, she has manged to reclaim 12.20 looks like this bullish monument may prevail!
Likely to rise up to test 12.68 then 12.90.
Results is due on 4th August before trading commence. Half yearly dividend is coming!
Please dyodd.
Chart wise, bearish mode!
Likely to see further weakness!
Immediate support is at about 12.20.
Yearly dividend is about 0.65-0.68.
Yield is about 5.29% or 5.5% at 12.28 seems quite a gd yield!
Quote: , RHB has trimmed its target price to $13.20 from $14, which represents a 7% upside. RHB’s target price includes a 2% environmental, social and governance (ESG) premium, based on the research house’s proprietary methodology. (The Edge Singapore)
Pls dyodd.
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 420 branches and representative offices in 19 countries and regions. These include over 190 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 60 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
Yearly dividend of about 0.65 to 0.68.
Current Price of 12.23, yield is about 5.31% /5.5%.
P/B is slightly above 1.
The dividend yield is above 5% which is considered good!
Chart wise, it is trading in a consolidation mode!
Waiting for the next catalyst to drive the price higher.
Looking at the chart we can see some buying interest with huge volume transacted on certain day which is rather interesting!
Will it repeat the same price patterns!
We will know the answer in next few trading sessions!
Pls dyodd.
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