Shares & Derivatives
[Paywall] OCBC share price mumbo jumbo with “Golden Triangle”!
By SG Wealth Builder  •  August 16, 2021
It’s official! On 28 July, Monetary Authority of Singapore (MAS) lifted the dividend cap on Singapore banks. The lifting of dividend cap set OCBC share price on fire. From 28 July, OCBC share price surged from $12.07 to a high of $12.46 on 10 August. On the basis of the current run, can OCBC share price hit $15 by end of the year? While OCBC share price has taken some knocks following ex-dividend on 13 August, the catalysts could drive OCBC share price to new heights in the coming months. OCBC share price nearly hit $14 in 2018. That was the year in which the bank recorded full-year net profit of $4.5 billion. Fast forward to FY2021, the first half net profit had already hit a high of $2.75 billion, surpassing the $2.3 billion profit in 2018. Assuming OCBC recorded $5.2 billion earning for full-year, the annualized EPS could be $1.15. Applying multiple of 13, my target OCBC share price is about $15....
Read the full article
By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance