ijiji
2022-03-12

$OVERSEA-CHINESE BANKING CORP(O39.SI)$Low risk for any short term hold.  Ocbc maintained price in 2008 even as oil prices shot up high. It only fell drastically from late October that period. If brent oil remains high due to this temporary scarcity due to the war, based on sentiments people probably still want to hold on to this stock. Price should be able to hold or even increase slightly way to ex-dividend with slight increase. However, the only sign to look out for is a M shape oil price trend, which showed us that it later means crisis. For now, can happily trade around this price because there is really still excess cash from the covid period. 

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Comments

  • OpenMind
    2022-03-13
    OpenMind
    2008 is so different compared to now. Countries are more interlinked wirh investments. Meeting with hyperinflation, covid new variant delta + omicron, uneployment rates, war with Russia and Ukraine.
  • HH浩
    2022-03-14
    HH浩
    My uncle, an OCBC branch manager based in Johor, still holding his ocbc shares
  • hellodarz888
    2022-03-14
    hellodarz888
    lets wait may get lower
  • HilaryWilde
    2022-03-13
    HilaryWilde
    A rate hike by the Federal Reserve next Wednesday is likely to cap gains in commodities, including natural gas and oil.
  • BurnellStella
    2022-03-13
    BurnellStella
    The only thing to worry about is that the stock is at an all-time high, if you look at the monthly line.
  • KevinKelly
    2022-03-13
    KevinKelly
    In my understanding, I think the current rise in oil prices is temporary and will fall after a certain stage.
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