OCBC had a very strong year as it managed to increase core earnings by 25%, this excludes its accounting gain from a higher stake in a china subsidiary, which paints a more accurate picture. With the special gain, earnings would had gone up by 39%. ROE looks amazing at 13.2% for FY14, however do note that this is not sustainable. 4th quarter results actually came in weak and along with the dilution from its rights issue and script dividends, ROE fell to 10.6%. Looking forward I think they should be able to hold ROE at around 10-12% levels. Stock wise, OCBC had a very bullish run in 2014. Its currently up 16% over the last 12 months. In my year end post, I highlighted that I sold off my position to lock in a 10% gain for FY14 and I still have no regrets. Full year EPS came ......