OCBC might not be dominating the headlines today, April 23, 2024, but there's plenty of positive news for investors.
Reaching New Peaks: OCBC's stock price recently achieved a historic high of $13.95, a strong indicator for its future. This follows a period of recovery, with their net profit for Q3 FY2024 (ended Dec 2023) showing a significant 41.9% year-on-year increase.
Analyst Confidence: Financial experts are optimistic about OCBC's future. Brokerage firms like CGS-CIMB have raised their target price due to expected improvements in profitability. This positive sentiment reflects a broader outlook for Singaporean companies in the financial sector.
Upcoming Dividend: Mark your calendars! Shareholders on the record date of May 8, 2024 will receive a dividend of S$0.42 per share.
I am bullish on OCBC growth. Among the three bank in Singapore.$DBS(D05.SI)$ &$UOB(U11.SI)$ OCBC still the lowest stock price which can invest in and the PE ratio also better. Do your due diligence check before invest @TigerEvents @TigerClub @Tiger_SG @TigerStars @MillionaireTiger
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