$OCBC Bank(O39.SI)$  

Wah, it looks like free falling! Quickly take cover! 

 Ocbc Bank - It looks like local bank starting to see selling down pressure. Price Gapped down this morning and the price is down 1.89 to 30.31, more weakness to come.

She may go down to test 29.60. Of unable to hold, she may go further downward towards 28.55 than perhaps sliding down toward 25.40 if the coming results is not within expectations.

NAV 13.71.

Yearly dividend 0.83.

Yield is about 2.6%.

P/B 2.325.

Not a call to buy or sell.

Pls dyodd. 

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.

Report

Comment(4)

  • Top
  • Latest
  • funzee
    ·10-07
    TOP
    At 30.31 and 2.325x PB, compression still looks very possible. Yield at 2.6% is not really cushioning much here lol
    Reply
    Report
    Fold Replies
    • Sporeshare: 
      more weakness ahead.  it may go back to 20.00
      10-08 14:52
      Reply
      Report
  • CHINNY168
    ·10-08 17:53

    Great article, would you like to share it?

    Reply
    Report
    Fold Replies
    • Sporeshare: 
      you may proceed
      10-09 12:26
      Reply
      Report