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3 BIG Spore banks ....:))

I guess OCBC cld be moving side way or slight down till the takeover is over. 
Barring a request to up its offer for GE ( which is unlikely ) , its price might then be lower . 
DYODD

seanpent      ( Date: 24-May-2024 16:59) Posted: OCBC loitering around this level for several sessions already.  Poised for a move towards 15.

 

OCBC loitering around this level for several sessions already.  Poised for a move towards 15.

 

Like still no clear picture of rate cut.

Time for the banks to relaunch rockets.

 

Mr P. Gupta sold 150,000 DBS shares at 35.40 on 10th May.

 

Ready for new heights after few days of conso ...

aragosta      ( Date: 15-May-2024 08:42) Posted: --- Post Removed by User ---

 

Your comments really show that you don' t know what shorting is. If you had shorted using your method, you would be deep in the red. Nobody shorts OCBC nearer 14 in April and keeps his positions open until mid-May. There have been small windows of opportunity to short OCBC from nearer 14 down to 13+++. Each time, the short positions were to be held for no more than 1 day with close stops.
You obviously do not know how to trade. Shake head... ...
You seem to only know how to single out old posts out of the so many I posted and paste them everywhere to be contentious. That is what you do on almost every thread and with many others. This is obvious you are nothing but a green eyed troll envious of others and going around starting fights, getting threads locked. This is not street fighter game, this is Share Junction!
No thank you! I will not answer to you anymore.

aragosta      ( Date: 14-May-2024 22:37) Posted: --- Post Removed by User ---

 

The STI Banks -  DBS  (SGX:D05),  OCBC  (SGX:O39)  and  UOB  (SGX:U11)  have averaged 43% total returns since the end of 2019, bringing their average 10-year annualised total returns to 9% as of 28 Feb. The trio maintain a combined 46% weightage within the Straits Times Index (STI). Since the end of 2019, the trio have respectively generated the fourth, fifth and sixth highest total returns among the current  STI constituents.

 

Bear shake head seeing some people still living in the past.
Hello, it is already May.
Really nothing better to do than digging up the past to score Share Junction points?

Let' s move on.
OCBC is hitting new highs 5 weeks later from whence I posted.
I' ve moved on, some of the rest have, but have you?

 

The two thousandth post on this thread is... ...

 

I write this, Goldfinger, to try to answer from a lay person perspective your query. One way is to estimate fair value of GE is to use the cost price of GE as a valuation basis, and use impairment allowances plus amounts due to OCBC from that subsidiary.
So for example, the fair value as at 31/12/23 of OCBC Group' s interests in GE was 7.37 bn. (2022: 7.70 bn).
These fair values together with their gains and losses will not affect the net profit for the year of OCBC. (Will not affect the basic EPS)
What they will affect is the total comprehensive income for the year. And of course the value of the total assets.
Here we are touching on many accounting terms and I leave it to the accountants to further deal or explain. I have done my best.

Best wishes and God bless!

 

Goldfinger      ( Date: 14-May-2024 16:15) Posted: Yes, and so usually if there are valuation or revaluation gains, these may sometimes be included into profits. But, I am not an accountant or familiar with how the value of GE is being carried in the books of OCBC, so was hoping some one is familiar or heard this mentioned at the OCBC AGM etc.  finjungle      ( Date: 14-May-2024 15:39) Posted: The results and assets and liabilities of GE were consolidated into OCBC.

 

Yes, and so usually if there are valuation or revaluation gains, these may sometimes be included into profits. But, I am not an accountant or familiar with how the value of GE is being carried in the books of OCBC, so was hoping some one is familiar or heard this mentioned at the OCBC AGM etc. 

finjungle      ( Date: 14-May-2024 15:39) Posted: The results and assets and liabilities of GE were consolidated into OCBC.   Goldfinger      ( Date: 14-May-2024 15:37) Posted: Yes, the incremental profit contribution is clear. What is less clear is the immediate uplift to the valuation of GE on OCBC books, which may well result in valuation gains

 

Yes, I agree on the valuation uplift. But I cannot calculate how much this exactly will be even when we are assuming certain market prices.

Goldfinger      ( Date: 14-May-2024 15:37) Posted: Yes, the incremental profit contribution is clear. What is less clear is the immediate uplift to the valuation of GE on OCBC books, which may well result in valuation gains. MrBear12      ( Date: 14-May-2024 15:23) Posted: Depending on what accounting standards you use, you will have different results. You may have to consult an accountant for this. Personally, I just know off hand that once OCBC acquires all the remaining shares in GE, its profit / loss contribution from GE will increase. So, if GE continues to make profit like last year, OCBC' s net profit should increase, all other variables remaining constant. I hope this clarifie

 

The results and assets and liabilities of GE were consolidated into OCBC.

 

Goldfinger      ( Date: 14-May-2024 15:37) Posted: Yes, the incremental profit contribution is clear. What is less clear is the immediate uplift to the valuation of GE on OCBC books, which may well result in valuation gains. MrBear12      ( Date: 14-May-2024 15:23) Posted: Depending on what accounting standards you use, you will have different results. You may have to consult an accountant for this. Personally, I just know off hand that once OCBC acquires all the remaining shares in GE, its profit / loss contribution from GE will increase. So, if GE continues to make profit like last year, OCBC' s net profit should increase, all other variables remaining constant. I hope this clarifie

 

Yes, the incremental profit contribution is clear. What is less clear is the immediate uplift to the valuation of GE on OCBC books, which may well result in valuation gains.

MrBear12      ( Date: 14-May-2024 15:23) Posted: Depending on what accounting standards you use, you will have different results. You may have to consult an accountant for this. Personally, I just know off hand that once OCBC acquires all the remaining shares in GE, its profit / loss contribution from GE will increase. So, if GE continues to make profit like last year, OCBC' s net profit should increase, all other variables remaining constant. I hope this clarifies Goldfinger      ( Date: 14-May-2024 15:05) Posted: Well, if they mark to market the paper gains, it may translate into net profit right? So, assuming the revaluation increases the carrying cost of GE by 40% in OCBC books, does it mean their valuation of GE will increase by 40% in their books and translate into profits as well?  IF SO, that is a pretty smart way to increase profits.

 

Depending on what accounting standards you use, you will have different results. You may have to consult an accountant for this.

Personally, I just know off hand that once OCBC acquires all the remaining shares in GE, its profit / loss contribution from GE will increase.
So, if GE continues to make profit like last year, OCBC' s net profit should increase, all other variables remaining constant.

I hope this clarifies

Goldfinger      ( Date: 14-May-2024 15:05) Posted: Well, if they mark to market the paper gains, it may translate into net profit right? So, assuming the revaluation increases the carrying cost of GE by 40% in OCBC books, does it mean their valuation of GE will increase by 40% in their books and translate into profits as well?  IF SO, that is a pretty smart way to increase profits. MrBear12      ( Date: 14-May-2024 10:10) Posted: Asset revaluation, yes. But it is only on paper

 

Well, if they mark to market the paper gains, it may translate into net profit right? So, assuming the revaluation increases the carrying cost of GE by 40% in OCBC books, does it mean their valuation of GE will increase by 40% in their books and translate into profits as well?  IF SO, that is a pretty smart way to increase profits.

MrBear12      ( Date: 14-May-2024 10:10) Posted: Asset revaluation, yes. But it is only on paper. seanpent      ( Date: 14-May-2024 08:21) Posted: Good perspective.  GE market cap has shot up since the privatisation bid.  Asset revaluation

 

Happy Clowns are still better than ugly trolls that follow people around to pick quarrels on almost every thread. You know who you are. Get off my back!

 

I post wherever and whatever I am interested in. Members of the forum are free to correct me and try to embarrass Mr Bear. After all, this is Share Forum, and we can talk all we want till the cows come home.

 

That is why our assets are all marked to current market prices available and not to historical values or future target prices. We get these prices direct from the secondary market and not from analyst reports or private bankers.

MrBear12      ( Date: 14-May-2024 11:40) Posted: Whether it is NAV or RNAV or RNAV with revaluation surpluses taken into account, these are merely valuations on paper which analysts use to form a target price. Ordinary retailers put too much emphasis on it. Bear does not. Only what the market values and prices accordingly at the moment really counts in the real world.

 

Whether it is NAV or RNAV or RNAV with revaluation surpluses taken into account, these are merely valuations on paper which analysts use to form a target price. Ordinary retailers put too much emphasis on it. Bear does not.

Only what the market values and prices accordingly at the moment really counts in the real world.