Overseas Chinese Banking Corporation (OCBC Bank)

[brattzz]

this also means OCBC sold/lock in profits at moderate to highs... now would be getting low and lower...

banking's biz is just so-so only

[kbl]

RIP Mr Lee Seng Wee

http://www.businesstimes.com.sg/banking-...ee-85-dies

[mulyc]

Below 9.5 now. Can buy? Looks cheap tbh.

[kbl]

Good Wed Morning Everyone.

3Q results is out.

<vested-oldpot><not a call to buy or sell>

28-10-2015 07:29:36
Singapore OCBC's core profit beats expectations

SINGAPORE, Oct 28 (Reuters) - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, beat expectations with a 7 percent increase in core third-quarter net profit, as loans growth pushed up interest income by 6 percent.

OCBC's net profit came in at S$902 million ($646 million) in the three months ended September, versus S$841 million excluding exceptional gains a year earlier and an average forecast of S$883 million from six analysts polled by Reuters.

Overall earnings were lower than a year earlier when OCBC had a net profit of S$1.23 billion, helped by a gain of S$391 million from an increased stake in Chinese lender Bank of Ningbo, which became a 20 percent-owned subsidiary.

($1 = 1.3965 Singapore dollars) (Reporting by Saeed Azhar; Editing by Stephen Coates) ((Saeed.Azhar@thomsonreuters.com; +65-64035664 ; Reuters Messaging: saeed.azhar.reuters.com@reuters.net)) Keywords: OCBC RESULTS/

[Sylvan Beau]

the three local banks had suffered massive sell off since the beginning of the year .... do u all think had any fundamental change for the banks ? had their risks increased greatly?

[marandaz]

the three local banks had suffered massive sell off since the beginning of the year .... do u all think had any fundamental change for the banks ? had their risks increased greatly?

My take is that even at the whole market level it is a bit overblown.

Of course, the three banks is facing multiple headwinds such as China Economy, oil default, weak domestic market. But at the current rate of drop, it is akin to GFC2008.

What I am afraid of is the self-fulfilling prophecy that in the end led to a real fundamental crisis.

Vested in OCBC

[CY09]

The oil crisis may affect Singapore more than the GFC 2008.

Low oil price means lower oil capex by oil majors, means lower demand for products in offshore gas. Our small country is one of the largest exporter of such products and services in the world. This means potential collapse of smaller coy in these space, think Ezra/Swiber/EMAS offshore. Secondly, the danger of job loss is high along with bankruptcy. Impairment of debts and the danger of our locals not able to service mortgages due to the loss of oil&gas jobs will be factors our three banks and local financing coys have to deal with.

[Porkbelly]

Some questions that I ask myself.....

- If we remove oil price collasping,
what else is affecting our economy?

- If we remove China's slowdown,
what else is affecting our economy?

- If we remove Brasil's Sete issues,
what else affects Kep Corp, SembMarine?

What happens to our lives if the ST index closes
at 1,500 or below 1,000?

For people with large exposure to equities and
little cash, it will be life changing.

There is a hint of fear creeping in.. yet not enough
for investors,traders to abandon ship and convert
holdings into cash.

The Triology of China, Oil and Low interest rates has finally arrived.

[Temperament]

Don't worry, be happy!?
CHINA is helping Najib now by buying up Najib's G. bond(as read in internet)
Singapore - Who will help us???
What will happen to our reserves???

[Temperament]

Some questions that I ask myself.....

- If we remove oil price collasping,
what else is affecting our economy?

- If we remove China's slowdown,
what else is affecting our economy?

- If we remove Brasil's Sete issues,
what else affects Kep Corp, SembMarine?

What happens to our lives if the ST index closes
at 1,500 or below 1,000?

For people with large exposure to equities and
little cash, it will be life changing.

There is a hint of fear creeping in.. yet not enough
for investors,traders to abandon ship and convert
holdings into cash.

The Triology of China, Oil and Low interest rates has finally arrived.

Agree.
There is only a little fear.
There will be panic only when the 52 week's lows get lower and lower every other day or so
And the pattern repeats until the day nobody seems want to sell or buy.
May be prices have reached ridiculous low that even the shortists have fear now.
Now maybe is the shortists's turn to be surprised.
Long live traders and investors.
We need each others.