It seems that OCBC share price (SGX: O39) have lost its way. On 3 November 2021, the local bank released a set of financial result that saw 3rd quarter’s net profit rose by an impressive 19% year-on-year to reach $1.22 billion. Nine months’ net profit rose by a staggering 58% to $3.88 billion. With such a solid performance, most investors would have popped the champagne. Yet OCBC share price (SGX: O39) confounded investors by retreating 0.75% on that fateful day.
To be honest, the tepid performance of OCBC share price (SGX: O39) is truly bizarre. Like many investors, I had expected plenty of fireworks for OCBC share price (SGX: O39) following the release of the excellent 3rd quarter business update. I do think that it is reasonable to expect OCBC share price (SGX: O39) when you see such good result. But then again, Man proposes, God disposes. OCBC share price (SGX: O39) went missing in action instead....
