$ocbc bank(O39.SI)$ The result

The results don’t seem very promising to me. Feeling a bit down. 😢 I just purchased 6,000 shares yesterday at $17.68...

The performance is mostly being dragged down by GEH. Well, let’s see how things unfold when the market opens.

On the bright side, the dividend looks decent at $0.41 + $0.16 special dividend (Note : this $0.16 is 10% of the full-year net income, not half year income).

So, for next year, FY2025, the forward dividend could be approximately $0.41 + $0.41 + $0.16 = $0.98, unless their insurance business turn around.

That’s only a 5.5% yield on the shares I bought yesterday. A few tears are welling up—looks like I’ll be facing some paper losses today.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

henglaw
02-26
henglaw
Buy for long term hold. It does down fast...but it rises faster, at least for local banks.
- lucasL:
  Short term trade became long term investment. Sounds familiar to everyone?
Miraiyuni
02-26
Miraiyuni
You should never look at what "analyst" says. As long as there is improvements, even slight downward trends, do not panic sell. DYODD.
- lucasL:
  I dont even read those. My analysis is good enough for me to make my own decisions. Analysts reports are 50% corrext
lucasL
02-26
lucasL
There goes $3K of paper losses
howisit
02-26
howisit
Indeed , Numbers don’t look good
Sonsonkok
02-26
Sonsonkok
Great article, would you like to share it?

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Feeling a bit down. 😢 I just purchased 6,000 shares yesterday at $17.68...\nThe performance is mostly being dragged down by GEH. Well, let’s see how things unfold when the market opens.\nOn the bright side, the dividend looks decent at $0.41 + $0.16 special dividend (Note : this $0.16 is 10% of the full-year net income, not half year income).&nbsp;\nSo, for next year, FY2025, the forward dividend could be approximately $0.41 + $0.41 + $0.16 = $0.98, unless their insurance business turn around.&nbsp;&nbsp;\nThat’s only a 5.5% yield on the shares I bought yesterday. A few tears are welling up—looks like I’ll be facing some paper losses today.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/O39.SI\">$ocbc bank(O39.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>\nThe results don’t seem very promising to me. Feeling a bit down. 😢 I just purchased 6,000 shares yesterday at $17.68...\nThe performance is mostly being dragged down by GEH. 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My analysis is good enough for me to make my own decisions. Analysts reports are 50% corrext","text":"I dont even read those. My analysis is good enough for me to make my own decisions. Analysts reports are 50% corrext","html":"I dont even read those. My analysis is good enough for me to make my own decisions. Analysts reports are 50% corrext","disclaimerType":0}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":407612721524864,"commentId":"407612721524864","gmtCreate":1740532543045,"gmtModify":1740532548078,"authorId":3570511645529213,"author":{"id":3570511645529213,"idStr":"3570511645529213","authorId":3570511645529213,"name":"lucasL","avatar":"https://community-static.tradeup.com/news/fb777c0d1d950405f7da786189eea2ce","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.04%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":407585949106688,"objectIdStr":"407585949106688","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"There goes $3K of paper losses","text":"There goes $3K of paper losses","html":"There goes $3K of paper losses","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":407531345625392,"commentId":"407531345625392","gmtCreate":1740529757430,"gmtModify":1740529762202,"authorId":3572834915180791,"author":{"id":3572834915180791,"idStr":"3572834915180791","authorId":3572834915180791,"name":"howisit","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":407585949106688,"objectIdStr":"407585949106688","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Indeed , Numbers don’t look good ","text":"Indeed , Numbers don’t look good ","html":"Indeed , Numbers don’t look good ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":407790627565912,"commentId":"407790627565912","gmtCreate":1740581568733,"gmtModify":1740581572098,"authorId":4102377969591930,"author":{"id":4102377969591930,"idStr":"4102377969591930","authorId":4102377969591930,"name":"Sonsonkok","avatar":"https://static.tigerbbs.com/cd822e55715284365189b1f1b3f09ec8","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.08","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":12,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":407585949106688,"objectIdStr":"407585949106688","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great article, would you like to share it?","text":"Great article, would you like to share it?","html":"Great article, would you like to share it?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/407585949106688"}