The $2.2 Billion Reason Why You Should Invest in OCBC Now |
Watch YouTube Video (10 minutes) at https://youtu.be/uYYbiqk3GWY
🟩🟩 Dive into the world of finance with the latest episode from "The Investing Iguana", your ultimate guide to smart investing. In this episode, our host, Iggy, gives an in-depth analysis of the Oversea-Chinese Banking Corporation (OCBC) - one of Singapore's largest banks with a significant presence in Southeast Asia. You won't want to miss this episode as Iggy reveals OCBC's ambitious growth plan set to generate an additional $2.2 billion in revenue by 2025!
🟡TIMESTAMP
==============
0:00 - Introduction
0:18 - Overview of OCBC
1:00 - OCBC's recent performance
1:45 - OCBC's new growth strategy
2:10 - Growth Pillar 1: Greater China
3:00 - Growth Pillar 2: ASEAN
3:50 - Growth Pillar 3: Wealth Management
4:45 - Growth Pillar 4: Sustainability
5:35 - Revenue projections and growth strategy
6:15 - Additional growth initiatives
7:00 - What this means for investors
7:50 - Risks and challenges for OCBC
8:40 - Conclusion and thoughts on OCBC as an investment
9:20 - Wrap up, calls to 'Like' and subscribe
10:00 - Closing remarks and preview of future content
10:16 - End of Video
🟩 OCBC, boasting a market capitalization of about $60 billion, operates across 20+ countries, offering diverse financial services including retail banking, corporate banking, wealth management, insurance, and asset management. Despite the global challenges posed by the COVID-19 pandemic, OCBC achieved a record net profit of $6.2 billion in 2022 and increased its dividend payout by 25%, reflecting a sturdy dividend yield of 4.5%.
🟩 This episode uncovers OCBC's strategic vision titled "OCBC Next 2025", a detailed blueprint to supercharge its business and deliver added value to its shareholders. The strategy, segmented into four growth pillars: Greater China, ASEAN (Association of Southeast Asian Nations), Wealth Management, and Sustainability, forms the core of OCBC's plan to achieve the ambitious revenue target.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
The current price of OCBC stock is $12.35 SGD as of July 4, 06:58 PM UTC +08:00, according to the latest finance results. The stock has fluctuated between $11.20 and $13.23 SGD in the past year. The average analyst estimate for the stock is $14.03 SGD. The stock also pays a dividend of 5.52%.
These data suggest that OCBC stock may be a good buy when it is near or below the current price, or when it falls to the lower end of its yearly range. Nevertheless, I will load it now and at around $12 as I'm unsure if there's any news that may lower the stock price. However, this is not a financial advice and you should do your own research before making any investment decisions.
I think OCBC is one of my favorite bank stock.
Banking stock will continue to soar in the near future
Which price range do you think it’s good to buy now?