Ezotop

Tuesday, February 27, 2024

Ocbc Bank - Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend. Hosey! Yearly dividend of 82 cents. Yield is 6.16 percent !

 

OCBC Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend.


XD 8th May.
Pay date 26 May. 

Yearly dividend of 82 cents.
Yield is about 6.16% based on current price of 13.31.






Ocbc 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.


I think is a good set of financial numbers!

Pls dyodd. 

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. - Tomorrow FY results will be out in the morning! Market expects Final dividend of 40 cents to be the same as interim dividend of 49 cents! Anything more it may boost the price higher! However, if dividend is lesser or No special dividend ot nay folllollow UOB scenarios selling down upon announcing record profit but higher final dividend without any  special dividend or bonus share ! 



I think if Final dividend of 40 cents without any special dividend we may expect her to fall down tobtest 12.71 and below.

On the other HAND, IF they declared any special dividend or Bonus share issue I think price ma6 Gap up to test 13.45 again! 

Pls dyodd. 


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