I take a closer look and find this on P4, ie with valuation surplus NAV is $9.82.
Net asset value per share (S$)
Before valuation surplus 8.31 7.78 8.31 7.78 8.19
After valuation surplus 9.82 9.38 9.82 9.38 9.70
If after re-valuation surplus means OCBC Bldg will be buried under a mountain of cash? Wow, how much is this giant worth?
You can find at OCBC website. It did say it is ' before valuation surplus' . Guess that is the difference.Page 25
Net Asset Value Per Ordinary Share @ (before valuation surplus &ndash S$) 8.31 8.19 8.03 7.78
http://www.ocbc.com/assets/pdf/quarterly-results/2016/OCBC%203Q16%20Financial%20Results.pdf
what is OCBC next move ? UE ?
UE -> divested MFS
spproached CP last year --> no no
2016 :
UE divested Multi Fibeline Electronix
then
UE UES holdings
now UE "pure property"
with OCBC china connections, u mean they cant find a buyer for it ?
anytime man....+ - sgd 2 billions all cash no sweat man... chinese funds are looking for good assets acqui
Not much upside as offshore debt shit next year would keep bb off banks, pray for higher dividend since not much opp for trading
If after re-valuation surplus means OCBC Bldg will be buried under a mountain of cash? Wow, how much is this giant worth?
You can find at OCBC website. It did say it is ' before valuation surplus' . Guess that is the difference.Page 25
Net Asset Value Per Ordinary Share @ (before valuation surplus &ndash S$) 8.31 8.19 8.03 7.78
http://www.ocbc.com/assets/pdf/quarterly-results/2016/OCBC%203Q16%20Financial%20Results.pdf
Honestly I am not sure ....only know the 8.55 ( SINCERE apology for tying as 9.55 ...didnt notice it till now)
So there should not be much diff from the NTA quoted by investshare. ( wonder which site he is using )Once again sorry for my big fingers. LOL
must buy ocbc if have lots of dough
dyodd hor
even without UE sale, i think increase dividend is possible.
Thanks. Well many of us know OCBC long old book value of some of its pro.....More so I am looking forward to the sale of UE .
If this is done in Q4....I do expect a surprise extra ( maybe ) for the next Q result .
Anyway I am on OCBC for long term DYODD
You can find at OCBC website. It did say it is ' before valuation surplus' . Guess that is the difference.Page 25
Net Asset Value Per Ordinary Share @ (before valuation surplus &ndash S$) 8.31 8.19 8.03 7.78
http://www.ocbc.com/assets/pdf/quarterly-results/2016/OCBC%203Q16%20Financial%20Results.pdf
Thanks. Well many of us know OCBC long old book value of some of its pro.....More so I am looking forward to the sale of UE .
If this is done in Q4....I do expect a surprise extra ( maybe ) for the next Q result .
Anyway I am on OCBC for long term DYODD
You can find at OCBC website. It did say it is ' before valuation surplus' . Guess that is the difference.Page 25
Net Asset Value Per Ordinary Share @ (before valuation surplus &ndash S$) 8.31 8.19 8.03 7.78
http://www.ocbc.com/assets/pdf/quarterly-results/2016/OCBC%203Q16%20Financial%20Results.pdf
Honestly I am not sure ....only know the 8.55 ( SINCERE apology for tying as 9.55 ...didnt notice it till now)
So there should not be much diff from the NTA quoted by investshare. ( wonder which site he is using )Once again sorry for my big fingers. LOL
You can find at OCBC website. It did say it is ' before valuation surplus' . Guess that is the difference.
Page 25
Net Asset Value Per Ordinary Share @ (before valuation surplus &ndash S$) 8.31 8.19 8.03 7.78
http://www.ocbc.com/assets/pdf/quarterly-results/2016/OCBC%203Q16%20Financial%20Results.pdf
Honestly I am not sure ....only know the 8.55 ( SINCERE apology for tying as 9.55 ...didnt notice it till now)
So there should not be much diff from the NTA quoted by investshare. ( wonder which site he is using )Once again sorry for my big fingers. LOL
Cld one be possible that one quoting NTA while another is tracking NAV?
difficult
Honestly I am not sure ....only know the 8.55 ( SINCERE apology for tying as 9.55 ...didnt notice it till now)
So there should not be much diff from the NTA quoted by investshare. ( wonder which site he is using )
Once again sorry for my big fingers. LOL
Cld one be possible that one quoting NTA while another is tracking NAV?
Not debating on this NTA.....Phillip site shows a book value of 9.55 ( latest interim) .....but what I wonder is how much of OCBC properties are un to date ?
This counter carries a lot of properties that is having old value in their books ......and known when they decide to sell .
Cld one be possible that one quoting NTA while another is tracking NAV?
Not debating on this NTA.....Phillip site shows a book value of 9.55 ( latest interim) .....but what I wonder is how much of OCBC properties are un to date ?
This counter carries a lot of properties that is having old value in their books ......and known when they decide to sell .
NetAsset per share is $8.31 vs 2Q16 $8.19 vs 3Q15 $7.78.
SINGAPORE (Oct 27): Oversea-Chinese Banking Corporation (OCBC) Bank announced forecast-beating 3Q16 earnings of $943 million, 5% higher than a year ago, lifted by higher non-interest income and its wealth management and life assurance businesses.
The average forecast from five analysts polled by Reuters was for 3Q earnings of $834 million.
OCBC said non-interest income grew 25% to $970 million from $775 million a year ago, with wealth management contributions comprising 28% of the group&rsquo s total income as compared to 22% in the prior year. Profit from life assurance also contributed $162 million, higher than $62 million in 3Q15.
The gains were partially offset by a 6% decline in net interest income for the quarter at $1.23 billion, as compared to 2Q15 net interest income of $1.32 billion. This was due to lower loan volumes as well as net interest margin, which stood at 4 basis points below the previous year as a result of a lower average loan-to-deposit ratio and reduced customer loan yields.
OCBC&rsquo s non-performing loans (NPL) ratio was 1.2%, higher from 0.9% the previous year. Of the total non-performing assets (NPA), 67% were in the substandard category and 67% were secured by collateral.
Share of results of associates of $105 million was 7% higher than $99 million a year ago, largely attributable to contributions from associated company Bank of Ningbo.
In a Thursday announcement, CEO Samuel Tsien notes a challenging operating environment amidst weak economic conditions, and says OCBC continues to keep a &ldquo firm grip on cost, maintain strong liquidity and capital, and ensure prudent levels of provisioning&rdquo .
&ldquo The improvements arose from a combination of higher wealth management and insurance income, as well as increased contributions from Indonesia. This clearly demonstrates the strength of the Group&rsquo s diversified franchise across geographies and businesses,&rdquo adds Tsien on the group&rsquo s earnings this quarter.
&ldquo Going forward, we will continue to adopt a prudent approach in managing our business, and will be well-placed to support our customers.&rdquo
Shares of OCBC closed 10 cents lower at $8.55 on Wednesday.
I also confuse, but my quoted numbers are from their latest release on SGX. In any case, you are right that many assets may not mark to market yet.
Not debating on this NTA.....Phillip site shows a book value of 9.55 ( latest interim) .....but what I wonder is how much of OCBC properties are un to date ?
This counter carries a lot of properties that is having old value in their books ......and known when they decide to sell .
NetAsset per share is $8.31 vs 2Q16 $8.19 vs 3Q15 $7.78.
Not debating on this NTA.....Phillip site shows a book value of 9.55 ( latest interim) .....but what I wonder is how much of OCBC properties are un to date ?
This counter carries a lot of properties that is having old value in their books ......and known when they decide to sell .
NetAsset per share is $8.31 vs 2Q16 $8.19 vs 3Q15 $7.78.
NetAsset per share is $8.31 vs 2Q16 $8.19 vs 3Q15 $7.78.
