Shares & Derivatives
Re-Visiting OCBC – When opportunity knocks twice
By Creed's Cash Flow  •  August 8, 2016
Weeks ago, Brexit left stock prices volatile - bank stocks were no exception. I did a short write-up on OCBC Bank in the last week of June, explaining that there was a short window of opportunity to pick up shares at $8.20+. The price rallied in the following weeks, barely crossing $9.00 in late July, so congratulations to those who've made a bit of coin trading OCBC stock. Now, another event has shaken the market - this whole thing with Swiber's USD 700m loan with DBS has affected bank stocks. Let me just give you the cliffnotes of what happened: Swiber, a company that deals in oil and gas construction projects, originally filed to liquidate its assets to settle debt issues with creditors. A few days later, they opted instead to operate under judicial management, which lets them operate under court-sanctioned supervision. DBS granted a loan of ......
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By Creed's Cash Flow
First off - thank you very much for stopping by! I really appreciate it. I hope to see this little blog of mine grow. I started this blog in February 2016, and if I could inspire just one person to move towards financial independence, then it would all be worth it. I've wanted to start a finance/investment blog for years, but I just never got around to it. I finally decided to get off my ass and make one. A little background about me - I majored in Business Admin in university, along with a Minor in Finance. I joined the workforce when I was 24 (in 2015), and I was fortunate enough to get a full-time job in the banking industry (Forex, to be exact) after doing a couple of temp jobs around the island.
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