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Ocbc Bank – Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend. Hosey! Yearly dividend of 82 cents. Yield is 6.16 percent !
By Singapore Stocks Sharing  •  February 28, 2024
OCBC Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend. XD 8th May. Pay date 26 May. Yearly dividend of 82 cents. Yield is about 6.16% based on current price of 13.31. Ocbc reported a net interest income of S$2.46 billion, up 3 per cent from a year ago as average assets grew 4 per cent. Net interest margin (NIM) moderated 2 basis points to 2.29 per cent, which OCBC attributed to higher funding costs that more than offset its increase in asset yields. I think is a good set of financial numbers! Pls dyodd. Non-interest income rose 25 per cent to S$811 million, as net fee income increased 16 per cent year on year due to higher fees from wealth management, credit card and loan-related activities. Net trading income also improved 22 per cent on the back of higher customer flow treasury income, offset in part by a decline in insurance income. - Tomorrow FY results will be out in the...
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By Singapore Stocks Sharing
All information is just for sharing on https://spore-share.com or https://spore-share.blogspot.com (Trade/Invest base on your own decision). Thank You! For trading, be firmed in executing your stop loss strategy. Also don’t be too eager to take profit to early. Let your profit run. For Investing it is good to read up and educate yourself to know the basic financial analysis. Learn how to identify good company to invest . Pick those company/counter that you are familiar with their business.
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