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161-180 of 719
Looks like the previous high $9.24 on 18/10/2010 is a strong support. This is also close to the 200MA.
S$7.50? I hope so too. Keep our fingers crossed.
ktnpl2005 ( Date: 20-Feb-2011 21:20) Posted:
In an inflationary environment, 3% yield is not good enough. A good price to start buying OCBC is $7.50 to $8 in the medium term, in 2011. In the short term, it will fall below $9 in the coming weeks. |
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long terms seems okay........ beating the market expections are important for shares prices to raise....
generally speaking most prefer ocbc than dbs .....
katak88 ( Date: 21-Feb-2011 13:53) Posted:
OCBC’s 4Q results solid if unspectacular - RBS
WRITTEN BY DOW JONES & CO, INC
MONDAY, 21 FEBRUARY 2011 11:20
RBS says OCBC’s (O39.SG) 4Q10 results were “solid if unspectacular.” It says as expected, the bank’s 4Q10 net profit slowed from the strong performance in 3Q10, “driven primarily by a material decline in volatile life profits. Underlying revenue, expense and asset quality trends remain positive, in our view, given continued headwinds from low rates and rising expenses.”
It says loan momentum remained “very positive” with loans growth of a strong 4.5% on quarter, though slowing from the breakneck 6.7% rate at 3Q10.
It notes deposits grew 6.3% on quarter with CASA increasing to 46.5% of total deposits from 45.8% at 3Q10. “The combination of the above delivered a modest NIM decline of 2bp on quarter to 1.96% on stable asset yields but a modestly higher cost of funds.” RBS remains of the view that 2011 “will be a relatively tough earnings year for the sector as a whole. At the same time we like the sector for its undemanding valuation and expected strong earnings recovery in 2012. Our preferred pick remains UOB (U11.SG).”
OCBC down 0.9% at $9.33.
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OCBC’s 4Q results solid if unspectacular - RBS
WRITTEN BY DOW JONES & CO, INC
MONDAY, 21 FEBRUARY 2011 11:20
RBS says OCBC’s (O39.SG) 4Q10 results were “solid if unspectacular.” It says as expected, the bank’s 4Q10 net profit slowed from the strong performance in 3Q10, “driven primarily by a material decline in volatile life profits. Underlying revenue, expense and asset quality trends remain positive, in our view, given continued headwinds from low rates and rising expenses.”
It says loan momentum remained “very positive” with loans growth of a strong 4.5% on quarter, though slowing from the breakneck 6.7% rate at 3Q10.
It notes deposits grew 6.3% on quarter with CASA increasing to 46.5% of total deposits from 45.8% at 3Q10. “The combination of the above delivered a modest NIM decline of 2bp on quarter to 1.96% on stable asset yields but a modestly higher cost of funds.”
RBS remains of the view that 2011 “will be a relatively tough earnings year for the sector as a whole. At the same time we like the sector for its undemanding valuation and expected strong earnings recovery in 2012. Our preferred pick remains UOB (U11.SG).”
OCBC down 0.9% at $9.33.
SINGAPORE, Feb 21 (Reuters) - UOB Kay Hian has lowered its target price for Singapore lender Overseas-Chinese Banking Corp to S$11.80 from S$11.96 but kept its buy rating.
STATEMENT: OCBC missed market forecasts for its quarterly profit as higher costs offset strong loan income and falling bad debts. The bank posted net profit of S$505 million ($396 million) in October-December, compared to S$502 million in the same period a year earlier.
UOB Kay Hian said OCBC's fourth quarter results were lacklustre compared with the third quarter when it reported strong interest and non-interest income, as well as net profit of S$570 million. The brokerage said that while it maintained its buy rating, it expects short-term weakness for OCBC's share price due to the lower-than-expected fourth quarter results. UOB Kay Hian added that it has cut its net profit forecast for 2011 by 2.4 percent to S$2.4 billion due to higher staff costs and operating expenses.
At 0128 GMT, OCBC shares were down 0.7 percent at S$9.34 on a volume of 1.3 million shares. (Reporting by Eveline Danubrata)
OCBC: Other houses ratings, following grp’s 4Q10/FY10 Results.
Citi maintains Buy Call with $10.60 TP from $11.40, remain upbeat on top-line growth outlook into 2011, although pared forecastsby 3-6% largely on lower insurance income post the weaker 4Q performance.
Daiwa maintain Outperform with $10.80 TP, believe the 4Q10 performance revealed encouraging trends (such as strong loan-growth momentum and a stable NIM), and any results-related selldown would offer an opportunity, for investors to accumulate the shares.
UBS maintain Buy, (Key Call) with $11.30 TP, remain sanguine on stock as it is attractively priced and its wealth management franchise should help it achieve a stronger and more profitable profile.
DB maintain Buy with $10.40 TP, Tip that underlying trends better than the headline result, earnings trends likely to improve in 2011.
JPM maintains Overweight, note that 4Q10 misses the mark, further outperformance to be results led, prefer DBS in the sector.
BNP reiterate Buy, with $11.05 TP, tip that Earnings disappointed on weaker insurance income, Key positives: Strong loan traction and low credit charges.
DMG Upgrade to Buy, $10.60 from $9.60, noting that wealth management and loans outperformed. Share price underperformance vs its peers YTD, had made it more attractive.
In an inflationary environment, 3% yield is not good enough. A good price to start buying OCBC is $7.50 to $8 in the medium term, in 2011. In the short term, it will fall below $9 in the coming weeks.
OCBC Bank profit of $2.3 billion
Singapore: OCBC Bank posted a record annual net profit of $2.3 billion for the year ended Dec 31, an increase of 15% on 2009 earnings.
Exceptional growth in fee and commission income and other non-interest income, and a significant reduction in credit losses, were the key drivers.
The full-year results included the consolidation of Bank of Singapore (formerly ING Asia Private Bank) from Jan 29, 2010.
Net interest income for the year increased by 4 per cent, with strong asset growth largely offset by narrower interest margins.
Loan growth was 29 per cent for the year and 5 per cent in the fourth quarter, with broad-based contributions across key geographies as well as customer and industry segments.
OCBC chief executive David Conner said in a statement that its results for 2010 ‘underscore the strengths of our customer franchise in both lending and fee-based businesses’. He added: ‘While mindful of commodity price increases and other factors causing inflationary pressures, on balance, we are optimistic for the outlook for 2011 given the healthy economic growth prospects in Asia.
Valuation Ratios
|
Company |
Industry |
Sector |
S& P 500 |
| P/E Ratio (TTM) |
14.40 |
12.99 |
24.28 |
18.25 |
| P/E High – Last 5 Yrs. |
16.78 |
28.45 |
137.94 |
84.73 |
| P/E Low – Last 5 Yrs. |
9.16 |
9.85 |
103.68 |
12.38 |
|
| Beta |
1.07 |
1.26 |
1.21 |
1.33 |
|
| Price to Sales (TTM) |
3.13 |
2.85 |
5.81 |
2.26 |
| Price to Book (MRQ) |
1.56 |
0.96 |
1.17 |
2.81 |
| Price to Tangible Book (MRQ) |
1.98 |
1.24 |
1.40 |
4.76 |
| Price to Cash Flow (TTM) |
12.50 |
2.41 |
6.18 |
8.05 |
| Price to Free Cash Flow (TTM) |
6.47 |
0.69 |
4.80 |
35.27 |
|
| % Owned Institutions |
– |
– |
– |
– |
Dividends
|
Company |
Industry |
Sector |
S& P 500 |
| Dividend Yield |
3.04 |
1.71 |
1.72 |
1.53 |
| Dividend Yield – 5 Year Avg. |
3.41 |
1.81 |
1.61 |
2.26 |
| Dividend 5 Year Growth Rate |
15.61 |
8.42 |
7.95 |
-5.74 |
|
| Payout Ratio(TTM) |
43.74 |
10.97 |
15.41 |
32.60 |
Growth Rates
|
Company |
Industry |
Sector |
S& P 500 |
| Sales (MRQ) vs Qtr. 1 Yr. Ago |
13.24 |
5.51 |
14.40 |
10.30 |
| Sales (TTM) vs TTM 1 Yr. Ago |
-7.54 |
6.95 |
13.83 |
13.76 |
| Sales – 5 Yr. Growth Rate |
10.35 |
15.17 |
18.42 |
7.47 |
|
| EPS (MRQ) vs Qtr. 1 Yr. Ago |
21.83 |
50.65 |
62.37 |
57.71 |
| EPS (TTM) vs TTM 1 Yr. Ago |
23.62 |
– |
– |
– |
| EPS – 5 Yr. Growth Rate |
10.93 |
5.01 |
9.44 |
4.91 |
|
| Capital Spending – 5 Yr. Growth Rate |
25.88 |
10.89 |
10.53 |
4.34 |
Target Price:
OCBS $8.9
UOB $17.8
DBS $13.5
what is the reason?
Hulumas ( Date: 18-Feb-2011 19:38) Posted:
Back to around above Sgd. 7 is possible in the long run!
ktnpl2005 ( Date: 15-Feb-2011 11:48) Posted:
| It is marketing hype. I believe it will fall below $9 in a week's time. |
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Back to around above Sgd. 7 is possible in the long run!
ktnpl2005 ( Date: 15-Feb-2011 11:48) Posted:
| It is marketing hype. I believe it will fall below $9 in a week's time. |
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yup. ocbc bank was in my surveillance for this year including capitaland. one thing to note besides eq4 result, we got to look into the growth prospect of this company... could be a good catch at
$9.24,
$9.08 (bottom price buy). see how market work out this year...
interested can add 4 bids to bottom price buy, my view
Steady la... it will go up la
knightrider ( Date: 18-Feb-2011 17:19) Posted:
| Y this 1 2day so jia lat, drop pants until can see underwear ! |
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Y this 1 2day so jia lat, drop pants until can see underwear !
hey, looking at the market captured seems to be better than DBS ? and ING private bank purchase ?
bsiong ( Date: 18-Feb-2011 13:35) Posted:
OCBC’s Q4 net profit up slightly, misses forecast on costs
Oversea-Chinese Banking Corp (OCBC.SI), Singapore’s second-biggest lender, on Friday posted only a slight rise in quarterly profit, missing expectations, hit by a 33% increase in expenses.
OCBC posted a net profit of $505 million in October-December, compared to $502 million a year earlier.
That compared with an average forecast of $556 million, according to six analysts polled by Reuters. DBS (DBSM.SI), Southeast Asia’s biggest bank, last week announced a 38% rise in quarterly profit on falling bad-debt charges and higher trading income, beating expectations. OCBC said operating expenses rose by 33% due to higher staff costs and a one-time charge related to the merger of its Indonesian units.
OCBC, which completed the purchase of ING’s Asian private banking unit in early 2010, has benefitted from the recovery in Asian markets and an economic rebound which has increased demand for wealth management services among the region’s rich.
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oh no, sentiments turn weak but can consider a buy.
OCBC's Q4 net profit hit by higher costs, optimistic about 2011
* Net profit S$505 mln Consensus S$556 mln
* Says optimistic about 2011 due to Asia's growth
* Q4 operating expenses up 33 pct, staff costs rise
* OCBC shares up 0.6 pct at midday, underperformed in 2011
SINGAPORE, Feb 18 (Reuters) - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, missed market forecasts for its quarterly profit as higher costs offset strong loan income and falling bad debts.
The bank said operating expenses grew 33 percent in the fourth-quarter due to higher staff costs, consolidation of its private bank and a one-time charge linked to the merger of its Indonesian units.
The result trailed DBS , Southeast Asia's biggest bank, which last week announced a 38 percent rise in quarterly profit on falling bad-debt charges and higher trading income, beating expectations.
OCBC said it is optimistic about 2011 despite risks from higher commodity prices.
" While mindful of commodity price increases and other factors causing inflationary pressures, on balance, we are optimistic for the outlook for 2011 given the healthy economic growth prospects in Asia," CEO David Conner said in a statement.
OCBC posted a net profit of S$505 million ($396 million) in October-December, compared to S$502 million in the same period a year earlier.
That compared with an average forecast of S$556 million, according to six analysts polled by Reuters.
OCBC, which completed the purchase of ING's Asian private banking unit in early 2010, has benefitted from the recovery in Asian markets and an economic rebound which has encouraged the region's rich to tap wealth management services.
OCBC's net interest income rose 12 percent to S$769 million as loans grew 29 percent, which overcame a fall in interest rate margins, versus DBS's 16 percent loan growth. United Overseas Bank will report earnings on Feb 25.
Fee and commission income climbed 33 percent to S$256 million, leading non-interest income higher even though contributions from its insurance unit Great Eastern declined as the insurer's profit slumped.
As of Thursday, shares of OCBC had fallen 3.3 percent since the start of the year, underperforming a 1.8 percent rise in DBS shares while shares of UOB have risen about 2.9 percent. OCBC shares gained 9 percent in 2010 when it outperformed rivals. ($1 = 1.276 Singapore Dollars) (Reporting by Saeed Azhar Editing by Kim Coghill)
OCBC’s Q4 net profit up slightly, misses forecast on costs
Oversea-Chinese Banking Corp (OCBC.SI), Singapore’s second-biggest lender, on Friday posted only a slight rise in quarterly profit, missing expectations, hit by a 33% increase in expenses.
OCBC posted a net profit of $505 million in October-December, compared to $502 million a year earlier.
That compared with an average forecast of $556 million, according to six analysts polled by Reuters.
DBS (DBSM.SI), Southeast Asia’s biggest bank, last week announced a 38% rise in quarterly profit on falling bad-debt charges and higher trading income, beating expectations.
OCBC said operating expenses rose by 33% due to higher staff costs and a one-time charge related to the merger of its Indonesian units.
OCBC, which completed the purchase of ING’s Asian private banking unit in early 2010, has benefitted from the recovery in Asian markets and an economic rebound which has increased demand for wealth management services among the region’s rich.
Positive on break above $9.63 on high volume, can Hit $9.80 in near term if $9.63 is cleared.
Let's See, After lunch break ...
| Singapore OCBC 4Q net likely +15.3% on-year-poll |
Tags:
Oversea-Chinese Banking Corp.
| Written by Dow Jones & Co, Inc |
| Friday, 18 February 2011 10:03 |
Singapore’s Oversea-Chinese Banking Corp. (O39.SG) is expected to report a 15.3% rise in 4Q net profit to $578.8 million from $502 million a year earlier, according to a Dow Jones poll of six analysts.
The bank has had healthy loan volume growth for most of 2010, though Singapore’s property cooling measures in August may have dented sentiment somewhat.
Net interest income is still expected to remain soft due to the low interest rate environment. “We think fee income should be broadly stable as lower investment banking income offsets gains in other segments. Again, in our view quality indicators should remain relatively positive,” Deutsche Bank says. Results are due in the lunch break.
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