With the city-state facing its deepest recession ever, the Monetary Authority of Singapore called on banks to cap total dividends per share for FY2020 at 60% of what they paid out in 2019. The result underscored a cautious sector outlook as larger peer DBS Group and smaller competitor United Overseas Bank shored up allowances and cut costs to deal with the double whammy of low interest rates and weak growth.
© 2020 Verizon Media. Price is trading within a range now and is facing bearish pressure from our descending trend line and Ichimoku cloud and a test of our resistance could see a reversal below this level. If price breaks above our descending trend line, it could provide room for more upside confirmation. Structure of Group Shareholders; Share … Price is facing bearish pressure on the larger time frame. However, with this Wuhan virus, prices may drop. CMF: - 0.29 as of 29th May. OCBC share price is trending up long term, the long term uptrend joins the bottom of the chart. The banks have been selling off due to a lower interest rate environment which now gives rise to the opportunity for some short or swing trade at smaller risk levels. Post was not sent - check your email addresses! Indonesia. The Monetary Authority of Singapore (MAS) said on Tuesday that it was 'closely studying' media reports that Singapore banks had informed U.S. regulators of suspicious transactions. Designed by Elegant Themes | Powered by WordPress. Price is approaching our resistance in line with our trend line where we could see a reversal below this level. Might also be biased towards 27th May distribution volume ex dividend. Firstly, form the Exponential Moving Average (15 , 30) for both stocks are on uptrend. Study online with UCT. Target should be recent low atleast. SAP CEO: Pandemic an Inflection Point as Customers Move to Cloud, OCBC NISP Tower, 16/F Still, the group’s market valuation sunk 6.9% on 23 March to graze S$7.81 per share – a level not seen since April 2016. Money Flow Index: 33.24, small room for further decline. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading, and structured treasury products. Will it be able to clear 2nd hurdle (maintain above the 1st hurdle, clear the 11.19 level and the next downtrend resistance line)? Descending triangle and a strong bearish impulse downtrend indicate the dominant trend is still bearish. The Company is engaged in commercial banking and related financial services. Oversea-Chinese Banking Corp. Ltd. engages in the provision of financial and banking services. The moving averages 20 and 40 is showing sideways trend. Price is testing our resistance where we could see a reversal below this level. Market value risks If the company goes bankrupt, you, as equity holder, will be the last in line to be paid, so you may not get your money back. Price is facing bearish pressure from our resistance in line with our trend line where we could see a further drop below this level. Each person must conduct their own research, analysis, and risk assessment before every trade. =
I will be going long with a stop just below this... Laggard Stock among the 3 local Singapore Banks: DBS, OCBC and UOB. View live OCBC BANK chart to track its stock's price action.
Your email address will not be published. Earnings Announcement for Period Ending Q3/2020. The content provided within this blog is property of CollinSeow.com and any views or opinions are shared for educational purposes only and are not recommendations to buy or sell shares.
OVERSEA-CHINESE BANKING CORP (O39.SI) Share Price History of OCBC … twelve
Your email address will not be published. Ownership. }. OCBC share price: ↓ 29.79%. MAS also asked locally-incorporated banks headquartered in the city-state to offer shareholders dividends in 2020 in the form of shares instead of cash. Short term, price should remain sideways. However, I also see a cup and handle formation, therefore, bets off if the recent high is taken out and goes above the wedge formation. OCBC share price is trending up long term, the long term uptrend joins the bottom of the chart. We had a few crises along the years. If you want to trade, you can buy at 10.40 or 10.60 region sell at 1140 region. For research report, you can go to OCBC Research Reports , If you want to learn more about my course you can go to The Systematic Trader. We had a few crises along the years. All rights reserved. OCBC profit falls 40%, rounds up cautious outlook for Singapore banks. Overall direction is bullish for me now as long as prices holds above the trend line and a break above the immediate ressistance at 8.69 could see prices push higher. Looking at a short on OCBC Bank(O39.SI) as well here, price is facing bearish bias from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level. Required fields are marked *. In conclusion, if you want only when there is blood on the street, I think you still need to wait. Sorry, your blog cannot share posts by email. Share Price as of: 2020-10-30 17:16 Market / ISIN Code: SGX Mainboard / SG1S04926220 GICS ® Sector / Industry Group / Industry: Financials / Banks / Banks
View live OCBC BANK chart to track its stock's price action. Looking for alternative interpretations! by Collin Seow | Jan 24, 2020 | Featured, Market Outlook, Singapore Stocks, Technical Analysis | 0 comments. OCBC Bank hit into a long term trendline support as well as a med term horizontal support this morning and is now bouncing off these supports. Stock analysis for Bank OCBC Nisp Tbk PT (NISP:Indonesia) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Jln Prof Dr Satrio Kav 25 Both in my view are bearish formations in current context. Consider it a Rising wedge or a flag/pennant (on longer timeframe). © 2020 Verizon Media. So based on the current price, we are not in crisis mode yet. Even if you want to hold long term, I think the company is fine. Mainland China segment consist of the business of Wing Hang Bank (China) Limited and the Company's... INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, Chief Executive Officer & Executive Director. Jakarta, 12940 6
Banks from many countries were named in the report by the International Consortium of Investigative Journalists and based on leaked documents obtained by BuzzFeed News. Tip: Try a valid symbol or a specific company name for relevant results, Singapore markets open in 1 hour 49 minutes, Manage construction projects successfully. Share prices for a company is subjected to market forces and can fall dramatically, even to zero. That said, we do caution the limited upside in prices a price is still holding below our descending trend line. All rights reserved. Develop a sound understanding of the regulations surrounding the South African construction industry. Price is approaching support where a test of our buy entry could see a bounce above this level. On the H4, a pullback to test our sell entry could present an opportunity to go short. These are some of the previous post on OCBC. Find market predictions, O39 financials and market news. The company was founded in 1932 and is headquartered in Singapore. Hong Kong segment consist of retail banking activities, corporate banking activities and treasury activities. If you want to take your trading to the next level with me, click the image below!
(Uncertain) Look out for the breakdown of the wedge. Stock analysis for Oversea-Chinese Banking Corp Ltd (OCBC:Singapore) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Our first resistance is in line with our 23.6% retracement, 78.6% extension and descending trend line as well. Share Price as of: 2020-10-30 17:16 Market / ISIN Code: SGX Mainboard / SG1S04926220 GICS ® … Cleared the 1st hurdle (above moving average, cloud and downtrend resistance line). ' OCBC under bearish pressure potential for further drop. The Global Corporateor Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. The OCBC Wing Hang segment engages in commercial banking activities. Besides that, From the MACD (12 , 26), both has upper cross, showing potential uptrend. Find the latest OCBC Bank (O39.SI) stock quote, history, news and other vital information to help you with your stock trading and investing. OCBC Wing Hang Bank Limited is a holding company. Price is facing bearish pressure from our resistance in line with our 78.6% extension and 23.6% retracement where we could see a reversal here. Touch device users, explore by touch or with swipe gestures. Before it's here, it's on the Bloomberg Terminal. When autocomplete results are available use up and down arrows to review and enter to select. Kevin Kwek, senior analyst at Sanford C. Bernstein, said the sector's results were "not too bad" considering that the June quarter globally would "arguably be the worst quarter in history". The Insurance segment offers fund management as well as life and general insurance. Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y. Share Price Graphic. Find market predictions, O39 financials and market news. The support is 10.40- region, there is also another support at 10.60. About OCBC NISP > Investor Relation > Shares and Bonds Informations > Shares Information > Share Price Graphic. Jakarta's stock index hit a near two-week low, while the rupiah gave up 0.3% against a broadly firmer dollar after Indonesia reported a record increase in coronavirus infections on Monday.