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  #1  
Old 04-09-2014, 08:28 PM
boiluku boiluku is offline
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Default OCBC Bank

Oversea-Chinese Banking Corpn Ltd was incorporated in Singapore on 31 October
1932 to carry on business in banking and finance. The Bank is the successor to
Chinese Commercial Bank Ltd, Ho Hong Bank Ltd and the Overseas-Chinese Bank Ltd.

OCBC Bank offers a comprehensive range of banking services and financial
solutions in consumer banking, business banking, international banking, global
treasury and investment management. The OCBC Group has diverse subsidiaries
that are involved in financial futures, regional stockbroking, trustee, nominee
and custodian services, property development and hotel management.

In August 2001, OCBC Bank acquired Keppel Capital Holdings Ltd and all its
subsidiaries, including Keppel TatLee Bank Ltd, Keppel Securities Pte Ltd and
Keppel TatLee Finance Ltd. On 25 February 2002, OCBC Bank and Keppel TatLee
Bank were operationally and legally integrated.

OCBC Bank currently has assets of S$151 billion and a network of over 370
branches and representative offices in 15 countries and territories including
Singapore, Malaysia, Indonesia, Vietnam, China, Hong Kong SAR, Brunei, Japan,
Australia, UK and USA. This network includes more than 250 branches and offices
in Indonesia operated by OCBC Bank's subsidiary, PT Bank NISP. OCBC Bank and
its banking subsidiaries offer a wide range of specialist financial services,
from consumer, corporate, investment, private and transaction banking to global
treasury and stockbroking services to meet the needs of its customers across
communities.

(Source: SGX.xom)
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  #2  
Old 04-09-2014, 08:45 PM
boiluku boiluku is offline
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OCBC has been going down since it last tested the resistance at 10.20 with heavy volume. A quick bounce and retest has been seen at its 50d MA support. Initial resistance is at S$9.80.

MACD, MACD Histo and RSI are all pointing down.
STS is at its oversold level.

Will the selling continue or ocbc will be bought back before the close of its rights offer?

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  #3  
Old 04-09-2014, 08:49 PM
boiluku boiluku is offline
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I agree with you Slowdown that OCBC is one of the reliable bank stock and should be part of ones portfolio in long-term perspective

However, my personal preference right now is to stay out until the dust settles (rights offer).
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  #4  
Old 04-09-2014, 09:01 PM
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Slowdown Slowdown is offline
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Sorry,

I deleted my earlier message because I wanted the chart to move to the top.

I am vested at 9.67. It is not exactly the lowest point. I have seen 8sgd this year and all-time low of 6sgd during the financial crisis. I feel that our stock portfolio should at least include a bank counter.

Just in case people question our motive, I know boiluku offline. He has been helping me chart some stocks as I know nothing about TA. He is more of a trader while I am more of an investor.

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  #5  
Old 04-09-2014, 09:09 PM
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I like this stock as well, but haven't had the time to look at it more closely.

Not vested.

admin
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  #6  
Old 05-09-2014, 04:01 AM
GoldScaraB GoldScaraB is offline
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If the stock is to be use for trading purposes.
There should be indication for the price of entry and possible exit.

If the stock is to be use for investment purposes.
There should be indication for the price of entry only.
Especially if it is dirt cheap.

It is to safeguard novice from any mis-information.
my 1 cents worth.
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  #7  
Old 05-09-2014, 07:04 PM
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MasterID MasterID is offline
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Just buy!

Use DBS as a case study. Nobody likes them when they bought into Dao Heng in HK. Now, they have been achieving record after record earnings.
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  #8  
Old 11-09-2014, 02:40 PM
banerai77 banerai77 is offline
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Vested some at 9.66 after rights issue. Agree that among the few banks ocbc has got potential to go higher.
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  #9  
Old 11-09-2014, 08:24 PM
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GoldenMao GoldenMao is offline
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Many years ago, there were coffeeshop chatter about OCBC sitting on undervalued properties. If the properties gets re-valued, the assets will grow. Anyone heard of this rumour before?
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  #10  
Old 12-09-2014, 06:25 AM
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MasterID MasterID is offline
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Quote:
Originally Posted by GoldenMao View Post
Many years ago, there were coffeeshop chatter about OCBC sitting on undervalued properties. If the properties gets re-valued, the assets will grow. Anyone heard of this rumour before?
When properties are appreciating like many years ago, companies need to spend money to evaluate their existing properties and book their net value in the accounts. No point doing it if they have a lot of properties and are selling none. One way is to become a major shareholder and instruct them to sell or make the company as a take-over target.


With property prices correcting, they have to re-evaluate or investors will rumour they are sitting on inflated properties.

Just buy and you can go around and say, "Oh, you deposit money in my bank ah!?"
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