OCBC

[kennynah]

the problem with our bourse is the lack of liquidity...which will always cause such price jerks when even a small but or sell order can hurt one's position...

[Chinaman]

bro K, my margin call theory wrong liao.

I noticed my UOL share before 5pm gg at $3.70 but after 5.05 pm someone push up to $4.00..this counter today surge up 74 cts....something fishy, as what MM mentioned....it also happen to KepCorp, ST Engrg???

[millionairemind]

bro K, my margin call theory wrong liao.

I noticed my UOL share before 5pm gg at $3.70 but after 5.05 pm someone push up to $4.00..this counter today surge up 74 cts....something fishy, as what MM mentioned....it also happen to KepCorp, ST Engrg???

I checked with my broker friend at DBS Vickers... he mentioned something about rebalancing the MSCI...

[kennynah]

noted bro C.... i oso have no idea... except for this theory...

Seller 100 lots...
Buyer A = 1 lot at 10cents
Buyer B = 1 lot at 20cents
Buyer C = 1 lot at 30cents
....
....
Buyer 100th = 1 lot at $5

by the time seller fills his entire order of 100 lots...price drop from $5 to 10cents...

this is SGX for you...and we dream on about becoming a credible equities exchange in asia...

[millionairemind]

Aug 2, 2010
OCBC Q2 net profit up 8%
OCBC, Singapore's second-biggest lender, said its second-quarter profit rose eight per cent, slightly below forecasts, as margins remained under pressure because of low interest rates.

Oversea-Chinese Banking Corp clocked a net profit of S$503 million between April-June, compared with S$466 million in the year-ago period. Analysts had predicted a net profit of S$508 million, according to an average of eight forecasts compiled by Reuters.

The result came after rival DBS, Southeast Asia's biggest bank, last week posted an unexpected loss due to a one-time goodwill charge on its Hong Kong business.

Excluding the charge, DBS's net profit was up 30 per cent to S$718 million, the highest quarterly profit ever, versus S$552 million a year ago.

Singapore banks are struggling to take full advantage of fast loan growth and a drop in bad debt charges due to historically low interest rates.

Shares in OCBC are little changed this year compared with a 5.2 per cent decline in rival DBS Group DBSM.SI and a 1.4 per cent rise for UOB. The benchmark Straits Times Index is up about 4 per cent this year. -- REUTERS

[winston]

Not vested

Oversea-Chinese Banking Corp ST: the RSI is oversold <OCBC.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/OCB ... 012332.gif

Our pivot point is at 8.79.

Our preference: the downside prevails as long as 8.79 is resistance.

Alternative scenario: the upside breakout of 8.79 would call for 8.97 and 9.07.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case).

The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (standing respectively at 8.85 and 8.81).

Supports and resistances: 8.97 *8.79 **8.71 8.62 last 8.39 8.27 **8.17 *


Source: Reuters

[winston]

Not vested

Oversea-Chinese Banking Corp ST: the downside prevails as long as 9 is resistance <OCBC.SI>


Click here to see our chart:
http://www.tradingcentral.com/chart/OCB ... 050924.gif

9 is our pivot point.

Our preference: the downside prevails as long as 9 is resistance.

Alternative scenario: above 9, look for 9.19 and 9.3.

Comment: the RSI is below 50. The MACD is below its signal line and negative.

The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at 8.78 and 8.83). Oversea-Chinese Banking Corp is currently trading near its 52 week high reached at 9.2 on 14/04/10.

Supports and resistances: 9.19 *9 **8.93 8.76 last 8.5 8.4 **8.28 *

Source: Reuters

[winston]

Oversea-Chinese Banking Corp was up 1.8 percent at S$9.17, before announcing during the lunch break that its third quarter net profit rose 27 percent to S$570 million, due to falling bad debt charges and higher insurance income.


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-DMG ups OCBC target to S$9.60, keeps "neutral"

SINGAPORE, Nov 2 (Reuters) - DMG & Partners raised its target price for Oversea-Chinese Banking Corp to S$9.60 from S$9.00, but kept its "neutral" rating.

STATEMENT: DMG raised its 2010 and 2011 net profit forecasts for OCBC by 2.4 percent and 3.7 percent, respectively, due to stronger loan growth expectations and lower loan allowances.

However, the broker noted that the surge in life assurance income in the third quarter compared to the previous three months may not be sustained in the October-December period.

Shares of OCBC have risen 1.3 percent so far this year to close at S$9.22 on Monday.


Source: Reuters

[winston]

Just noticed that Aberdeen has been increasing their stake