Latest Forum Topics /
OCBC Bank
Last:12.61
![]() |
![]() |
OCBC
|
|||||
Kandee
Senior |
25-May-2023 14:21
|
||||
x 0
x 0 Alert Admin |
Too many..... like hawker center... lol Seems Chartiskao has been posting on them at the same time with different articles at the same time
|
||||
Useful To Me Not Useful To Me | |||||
Red_Bean
Member |
25-May-2023 14:01
|
||||
x 0
x 0 Alert Admin |
Dozens of OCBC threads ?? Which is which?   |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
Joelton
Supreme |
11-May-2023 09:14
|
||||
x 0
x 0 Alert Admin |
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.
|
||||
Useful To Me Not Useful To Me | |||||
Fiat500
Senior |
10-May-2023 14:52
|
||||
x 0
x 0 Alert Admin |
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... | ||||
Useful To Me Not Useful To Me | |||||
Goldfinger
Supreme |
06-May-2023 15:15
|
||||
x 0
x 0 Alert Admin |
OCBC goes ex-dividend Monday?  Where will the share price be heading?  Looking forward to chomping more. | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
Winnertakeall
Veteran |
10-Apr-2023 11:31
|
||||
x 0
x 0 Alert Admin |
Singapore Blue-Chip Stocks Yielding 5% or MoreOCBC 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. |
||||
Useful To Me Not Useful To Me | |||||
Winnertakeall
Veteran |
06-Apr-2023 09:18
|
||||
x 0
x 0 Alert Admin |
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. |
||||
Useful To Me Not Useful To Me | |||||
FATABA
Supreme |
06-Mar-2023 17:00
![]() |
||||
x 0
x 0 Alert Admin |
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
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
alexmay34
Veteran |
06-Mar-2023 16:57
|
||||
x 0
x 0 Alert Admin |
Thanks for correcting double checked🙏 🙏
|
||||
Useful To Me Not Useful To Me | |||||
Echoes
Member |
06-Mar-2023 16:51
|
||||
x 0
x 0 Alert Admin |
Ex date is 8 May 23 pay date 19 May 23 . 
|
||||
Useful To Me Not Useful To Me | |||||
alexmay34
Veteran |
06-Mar-2023 14:56
|
||||
x 0
x 0 Alert Admin |
First ask yourself what' s you objective in buying this share, what' s your cost? You buying it for dividend or your are trading, if trading what is the tool you use, charting ? Than go according to your chart! Dividend play, Anything that has a dividend yield of at least 4.5 % is good enough for me! Next do you have immediate use for this money, always play with the money you can afford to lose! Your money you decide!
|
||||
Useful To Me Not Useful To Me | |||||
Moonlight
Member |
06-Mar-2023 14:37
|
||||
x 0
x 0 Alert Admin |
Thanks. cos i see from the website there are 2 dividend rolls of 40 cent each. 
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
FreedomOfTrade
Member |
06-Mar-2023 14:26
|
||||
x 0
x 0 Alert Admin |
Should sell or hold? | ||||
Useful To Me Not Useful To Me | |||||
hokpin
Elite |
06-Mar-2023 13:10
|
||||
x 0
x 0 Alert Admin |
OCBC normally twice a year, in May & Aug. Whether Aug will still receive 40 cents or not, still dont know yet!
|
||||
Useful To Me Not Useful To Me | |||||
alexmay34
Veteran |
06-Mar-2023 13:10
|
||||
x 0
x 0 Alert Admin |
40 cents only pay on 19/5/23 ex date 25/4/23
|
||||
Useful To Me Not Useful To Me | |||||
hokpin
Elite |
06-Mar-2023 13:08
|
||||
x 0
x 0 Alert Admin |
40 cents.
|
||||
Useful To Me Not Useful To Me | |||||
Kandee
Senior |
06-Mar-2023 13:08
|
||||
x 0
x 0 Alert Admin |
You should check the company announcement on dividends to be paid....    It is clear the amount that OCBC had declared. 
|
||||
Useful To Me Not Useful To Me | |||||
Moonlight
Member |
06-Mar-2023 12:28
|
||||
x 0
x 0 Alert Admin |
May I know the dividend in May 2023 is 40 cent or 80 cent? thanks | ||||
Useful To Me Not Useful To Me | |||||
RL16EGG
Veteran |
05-Mar-2023 17:32
|
||||
x 0
x 0 Alert Admin |
So far it has broken support level 12.71+, 12.51+ and next may test 12.1+ level. Plenty selling and short selling by the big boys. Hopefully, she will bounce up from 12.1+ barring disaster. OCBC Stock Info (SGX:O39) | SG investors.io |
||||
Useful To Me Not Useful To Me | |||||
Winnertakeall
Veteran |
04-Mar-2023 11:11
|
||||
x 0
x 0 Alert Admin |
Analysts remain positive on OCBC as bank maintains dividend payout ratio at 50% moving forwardAnalysts are all keeping their &ldquo add&rdquo and &ldquo buy&rdquo calls on Oversea-Chinese Banking Corporation (OCBC)  after the bank reported its results for the  FY2022 ended Dec 31, 2022, on Feb 24.
In its results statement, OCBC announced that it intends to pay a final dividend of 40 cents per share, bringing its full-year dividend to 68 cents or 53% of its total earnings.   |
||||
Useful To Me Not Useful To Me |