This week the banks were doing well. Bank stocks seemed to be defying gravity against the backdrop of retreating technology stocks, the lack-lustre REITs counters and, very prominently, the declining US market. The trio, namely DBS, OCBC and UOB pushed the STI to cross the psychological 3000 level. It’s certainlyContinue Reading
Since the last post on scrip dividends, there is still a need to broach on the subject further. In fact, taking scrip dividends appeared to have more downside compare to taking cash dividends during a recessionary period like now. Many of us are aware that taking scrip dividends in lieuContinue Reading
[Abstract – The Covid-19 pandemic has pushed many companies in an effort to conserve cash to maintain liquidity. Consequently, many companies, have introduced the scrip dividend scheme in hope to beef up company cash hoards to cushion this trying time. In particular, apart from 40% cut in dividends, all theContinue Reading
Once again, Overseas-Chinese Banking Corporation (OCBC) is dishing out to scrip dividends to existing shareholders. With the discount of 10%, this translates to a mouth-watering conversion rate of $9.57 per share. Given the steep discount, it is likely that many existing shareholders would choose scrip dividends over cash unless theContinue Reading
Since the last post, the STI did indeed fell further forming a trough by early June. By this week, the STI regained some of its lost territory, landing at 3214.85. Banks are still lagging as the fall out of the US-China trade war began to infiltrate into smaller economies. ItContinue Reading
Historically, the month of February is the when financial results of those companies whose Financial Year (FY) ends in December release their FY results. Then at around the 2nd half of April, it is when companies start holding annual general meetings (AGMs). And by the time when stocks go ex-dividend,Continue Reading
Along with the other banks, OCBC has recently announced the FY 2018 results. The net profit improved 11% from S$4.05b to $4.49b. Apart from its subsidiary, Great Eastern’s disappointing results, I would say that OCBC did well for FY 2018. Along with the reasonably good results, OCBC is offering aContinue Reading