Capital Returns: DBS and UOB Impress, OCBC LagsSingapore’s big three banks—DBS, UOB, and OCBC—delivered resilient earnings for Q4 2024, despite falling net interest margins (NIMs) due to interest rate cuts. While all three lenders announced capital return plans, investor reactions were divided, particularly regarding OCBC’s more conservative approach.
O39 trade ideas
Will OCBC's share price sustain its momentum?The Straits Times Index has been reaching new highs in recent months, driven by the rise of the top three banks—DBS, UOB, and OCBC.
OCBC, which also the owner of Great Eastern insurance group, has seen its share price surge nearly 40% year-over-year.
The ex-dividend date for its SGD 0.57 dividend is set for April 25, 2025, offering a dividend yield of approximately 5% based on the current price.
The chart shows a stabilization candle, a few more trading days are required for confirmation.
Will you invest in OCBC?
OCBC forecast Hold for ocbc banks, low risks
Strong Financial Performance, OCBC maintained strong financial performance, with solid profitability, healthy balance sheets, and robust capital adequacy ratios. This financial strength provides a foundation for sustainable growth and resilience during economic downturns.
Potential bullish pattern - OCBCPotential bullish pattern - OCBC
Entry and Exit as shown in chart.
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Give a thumbs up if u like the analysis :)
64% ROI if you invested in March 2020 for OCBCSuch is the rewards if one is patient enough and daring enough to get in at the almost right time!
The top 3 banks are giving good investment returns to their shareholders thus far and with the rate hike news, it should not be a major issue for these banks to reach their previous peak at all. In this case, we are shy of 2 dollars to reach the pinnacle. Will it rise higher thereafter ?
I would say it is highly possible but not without challenges. It is more likely for profit taking and thus retracement is expected and price action is likely to move sideways until we see another stimulus to pierce through the resistance level at 14.
However ,if you have not bought any bank shares locally, I would suggest to hold your fire as the price is too high now. Let it comes down a bit first and DYODD if it is a worthy investment for you.
OCBC - Expect another Round ?Sign of Strength in the chart:
1. Gap up with Reaccumulation
2. Bullish signal in the chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
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OCBC facing bullish pressure Price broke out of key descending trend line, a test of our buy entry could present an opportunity to go long and play to our take profit target. Overall direction is bullish for me now as long as prices holds above the trend line and a break above the immediate ressistance at 8.69 could see prices push higher.
Key levels to watch on OCBCPrice is trading within a range now and is facing bearish pressure from our descending trend line and Ichimoku cloud and a test of our resistance could see a reversal below this level. If price breaks above our descending trend line, it could provide room for more upside confirmation.