OCBC breakout from a Symmetrical Triangle and rebounded from the uptrend channel support (also the 38.2% FR level). The down trend is officially ended which this breakout. The minimum price target of this symmetrical triangle breakout is $10.50. As there are no clear significant resistance, the next immediate will base on the Fibonacci Retracement Level.

2013Jul11-OCBC Bk-800x600

 

Key Statistics for OCBC

Current P/E Ratio (ttm) 9.5142
Estimated P/E(12/2013) 13.3935
Relative P/E vs. FSSTI 0.7293
Earnings Per Share (SGD) (ttm) 1.0910
Est. EPS (SGD) (12/2013) 0.7750
Est. PEG Ratio 1.9319
Market Cap (M SGD) 35,617.86
Shares Outstanding (M) 3,431.39
30 Day Average Volume 5,356,500
Price/Book (mrq) 1.5041
Price/Sale (ttm) 4.2132
Dividend Indicated Gross Yield 3.18%
Cash Dividend (SGD) 0.1700
Last Dividend 04/29/2013
5 Year Dividend Growth 3.34%
Next Earnings Announcement 08/02/2013