Shares & Derivatives
[Paywall] OCBC share price surged with Great Eastern offer
By SG Wealth Builder  •  June 2, 2024
What a swashbuckling form! OCBC share price turned bullish following the bank’s announcement of voluntary unconditional offer for Great Eastern Holdings on 10 May 2024. Year-to-date, OCBC share price increased by about 11%. Question now is whether there is genuine intent of OCBC to acquire Great Eastern or just a cheap plot to boost OCBC share price, which had been lagging behind DBS shares in recent years? Since 2021, I had been sharing my thoughts on the possibility of OCBC acquiring Great Eastern and the potential impact on OCBC share price. The articles can be accessed at the following: OCBC share price in Great Eastern windfall! OCBC share price to boom with Great Eastern sale? OCBC share price to rocket with Great Eastern Holdings exit? Given the voluntary unconditional offer, an SG Wealth Builder Member wrote in and asked if it is an opportunity to enter at the current Great Eastern share price. To oblige him, I will share my opinion on the...
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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” ...
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