OCBC Bank    Last:16.18    -0.17

OCBC

Credit Suisse view on Singapore Banks Outlook for 2011 - Challenging (means not so bullish on Singapore banks)

Credit Suisse top pick for Singapore bank is OCBC.

 ● We highlight three themes for 2011: 1) Growth moderation – EPS

growth in 2011 for Singapore banks could slow to 1-7% from 20-

30% in 2010E; 2) Singapore may be the only banking market in

Asia where net interest margins remain under pressure; 3) We

could see more clarity on Basel 3, but Singapore banks remain

comfortable (equity tier 1 of 11.2-13.0%).

● All earnings drivers could weaken in 2011, except fee income: 1)

weaker economic growth could mean loan growth moderation, 2)

margins should remain under pressure, 3) fee income could be

helped by capital market conditions, and 4) DBS should see the

biggest turnaround from falling credit costs.

● Singapore bank valuations are attractive but not compelling and

banks lack catalysts. We are MARKET WEIGHT Singapore banks

in both the Singapore market and Asian financials context. OCBC

is our top pick for 2011 – has niche wealth management strategy

and is the most aggressive on growth. In DBS, we like its new

CEO’s strategy (but will take 12-18 months for results) and DBS

will gain the most when the SIBOR starts rising in 2012.

Make love more, don't make more enemies 

 

masterlim      ( Date: 02-Dec-2010 11:43) Posted: lousy stock

 

lousy stock

 

make short it will make money !

krisluke      ( Date: 02-Dec-2010 10:59) Posted: GIC, OCBC join group buying Morgan Stanley CICC stake Singapore’s GIC and OCBC’s (OCBC.SI) insurance arm have joined a group led by U.S. private equity firms KKR (KKR.UL) and TPG Capital (TPG.UL) in buying Morgan Stanley’s (MS.N) 34.3% stake in top Chinese investment bank CICC. Late on Wednesday, Reuters Breakingviews reported that Government of Singapore Investment Corp (GIC) (GIC.UL), Singapore’s sovereign wealth fund, had joined the bid by Kohlberg Kravis Roberts & Co (KKR) and TPG for Morgan Stanley’s stake. Separately, a source familiar with the matter told Reuters that Great Eastern Holdings (GELA.SI), the insurance company controlled by Oversea-Chinese Banking Corp (OCBC), had also joined the group.   The long-awaited deal was expected to be announced before the end of the year, the source said, adding that most regulatory approvals had been obtained and only some minor ones were pending. Morgan Stanley is expected to get more than US$1 billion ($1.3 billion) for the stake, which it received for just US$37 million when the venture was founded more than a decade ago. It was not clear how the stake will be divided between the four partners.   The source declined to be identified as the deal was not public yet. Morgan Stanley was not available for an immediate comment. GIC and Great Eastern were also not available for comment.   Morgan Stanley has been trying to sell its stake in China International Capital Corp (CICC) for several years, and indicated as early as 2007 its intent to form a new investment banking joint venture with China Fortune Securities.   However, since China’s securities rules forbid foreign companies from having more than one joint venture at a time in the country, it had to put those plans on hold pending the sale of its CICC stake. Source: The Edge Singapore

 

 

brother, can u show the chart for ocbc.... thinking to short it tomorrow..... what say you ?

bsiong      ( Date: 25-Nov-2010 09:55) Posted: Technical Analysis on OCBC by DB Warrants   OCBC Bank stock resolved the recent consolidation to the downside on Tuesday. This breakdown indicated resumption of the correction. With yesterday’s low at 9.42 the stock has retraced 62% of the prior leg up that started late October. It bounced back and shaped an indecisive candle in the daily chart just below the broken 20-day moving average. A decisive break above yesterday’s high at 9.62 could clear the path for resumption of the intact intermediate-term uptrend towards the peak at 10.30. Minor barriers on the way up are seen at 9.74/9.75 and then 9.98. Sustained violation of yesterday’s low at 9.42 on the other hand would likely extend the short-term downtrend towards 9.24-9.35. Only a drop below 8.84-8.93 would endanger the overall bullish picture. /i came i read i posted for your info only --- this is not an invitation to trade.

 

OCBC only green color today..what gives?

 

Technical Analysis on OCBC by DB Warrants

 

 

Oversea-Chinese Banking Corp - Time to lighten position

We downgrade OCBC from Outperform to Neutral, with an unchanged target price of S$11.04 (1.82x CY11 P/BV, GGM). While OCBC had been our favourite for the bulk of 2011, its recent share-price re-rating has built in optimism surrounding its varied non-interest-income revenue drivers and leaves limited upside, we believe. Though we expect superior ROEs, the stock is trading at 12.7x CY12 P/E vs. peers’ 10.4-10.7x P/E. It is getting harder to envision sustained outperformance. We see short-term dampeners coming from Indonesia integration costs, Malaysia set-up costs and a seasonal winding down of private-banking fees.

Source: CIMB

Make Love More, Don't Make More Enemies 

 

happy to see your name here uncle AK Francis !

AK_Francis      ( Date: 12-Nov-2008 15:58) Posted: Ha ha, will hv clearer picture end Jan 09. Ie, after Chinese Lunar New Yr, as Bosses generally are benevolence. . Farmer      ( Date: 12-Nov-2008 15:33) Posted: This isn't the full stories yet...the full impact will be felt only next year and beyond, let's see then how is their performance individually. But "Rule of Law" applies here : the deeper the drop, the stronger will be the rebound.

 

but if you read the charts.....

25 oct about 8.8 -9.0 range.... but if you jump in at 10.00 dollars... i think it is abit on the high side.....

again, if you are really long term.......you can hold.

 

 

butter      ( Date: 12-Nov-2010 22:32) Posted: y is it a lousy stock? its market value is already higher then DBS.. masterlim      ( Date: 11-Nov-2010 13:30) Posted: lousy stock

 

y is it a lousy stock? its market value is already higher then DBS..

masterlim      ( Date: 11-Nov-2010 13:30) Posted: lousy stock

 

lousy stock

 

Ocbc have been doing well and has overtaken DBS liao!~

 

OCBC a bought over target?

 

lousy stock

 

up somemore... whada....

 

is it true

limkt009      ( Date: 08-Nov-2010 15:06) Posted: Merger?

 

Merger?

 

Anybody knows why OCBC is up so much and other 2 not running