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thanks shplayer, i think u r rite. i saw the F07 results and was wondering how come until now no news of divvy... alas, i don't have access to teletext from where i am, so i thought to ask u guys. guess will be holding on to what i have for now...
dunkie,
Divvy of 14c proposed in the Co. FY07 result announcement......but xd not announced yet. Guess this (xd) will be announced after shareholders approve the divvy proposal at AGM on 17 April 08.
turn on tv teletext pg 255, all the dates are there.
thanks ViperG, yeah i went in there and saw nothing, so wasn't sure. Ok, so now i know to look out for the Ex-Date. Thankx!
Go to
Select "Listed Companies" --> "Companies All in one" ---> Browse for OCBC and you will see the Dividend dates. Since, OCBC has not annouce any divdend, you will not qualify for any dividend if you sell today. You could qualify only when you sell after the "EX-date".
hi guys, can i check for those who are holding on to this stock for dividends after their results announced last month - can we sell already? how do we see the dates? thanks!
Hold this one. More reasons for it to do better. A late bloomer among the big 3.
DnApeh ( Date: 13-Mar-2008 14:59) Posted:
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KNS = Ken Na Stuck
Guys, take a look. Bands damn tight. Vested today.
end of bear, start of new cycle
The sale of Straits Trading by OCBC will contribute to OCBC bottom line. Target Price around $8.50. Buy and hold.
Just cannot 'tahan' the temptation thus take profit this morning at 7.7~. Not bad consider buy-in range from 7.28 - 7.08 x6. Reason being that the fy divs announce can't beat the high inflation which will be announce later today....goo luck to those vested but I'll be back!
Caveat Emptor.
OCBC Bank
Feb 22 close: $7.68
CITIGROUP RESEARCH, Feb 21
OCBC is our preferred play given our defensive stance on Singapore banks, its balance sheet strength and relatively lower margin vulnerability to lower short-term interest rates. Management seems positive on the loan and margin outlook for 2008, and do not expect a mortgage price war.
CDO exposure: OCBC largely provided for its sub-prime related CDO exposures in 3Q07, and with a small charge in 4Q07, management believes that this issue is behind them. Exposure to bond insurers is immaterial.
Don't expect a mortgage price war: Despite a foreign bank's recent announcement of a low fixed rate mortgage package, OCBC does not see a price war developing, as credit spreads in general are widening, some international banks are capital constrained, and mortgage yields while reasonable are not now excessive.
Loan outlook still good: OCBC still sees healthy loan demand, particularly for SMEs given several multi-billion dollar infrastructure projects.
On mortgages OCBC's focus remains the mass and upper mass market. The bank remains comfortable with its overall loan exposure to mortgages and construction.
BUY
Acc/Dist and Chaikin uptrending. A good sign.
Did anyone read the news yesterday on the final provision for their CDOs? Something to the effect of the final $10m writedown with no further cuts.
Anyway, it does look bullish with the double bottom.
ocbc - solid as a rock. With sub-prime issue sorted out, this one can accumulate - buy on dips.
Attractive price induce many investors out????
Low??? maybe and maybe not....
I also bought OCBC at $7.26, I feel it has some value to unlock, Robinson deal, Straits Trading deal, owns 87%, I think, of Great Eastern. Phoenix Hotel deal. I think plenty going for this counter. I hope I am right. Not an inducement to buy this counter.
Thx for yr view! Elfin.
I do agree with your FA, i read it some where too regarding their aggressive CDO write down, that's why i fire my first strike last Fri at 7.28. I'm in for long and will accumulate more over time.
However, its seems that the bond rating issue is imminent, hope its ripple effect will not be felt as great here. Results will be due on 21-Feb which i hope to the upside.
A very HAPPY LUNAR NEW YEAR to you!
farmer,
may like to note that technically, ocbc has pinged off its low three times already, 7.09 lowest has held since aug 17th last year. elf is waiting for ~7.1 for first strike. (for long term holding in elfin time. ie, abt 3 mths)
FA-wise, OCBC is actually the 'safest' of the three banks: last quarter, they took the very gutsy step of writing down 80% of their CDO obligations already; means that only this of the three local banks has fully (or nearly fully) written off the CDO exposure for this FY. For this alone, i'd take ocbc above the other two, on fundamentals.
just fyi yea...