To The Moon

Having 200 shares$OVERSEA-CHINESE BANKING CORP(O39.SI)$  and will keep it forever taking the dividend to change more shares I bought it at around 7.90 during covid period 

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I also like $Straits Times Index(STI.SI)$ 

Oversea-Chinese Banking Corporation (OCBC) reported record earnings of $5.75 billion for FY2022, up 18% from the preceding year, which are in line with market expectations. The key takeaway from the announcement is the 40% increase in the final dividend to 40 cents per share from the previous year's dividend. The bank has also announced its dividend policy, which is to pay out 50% of its earnings as dividends, in line with DBS and UOB. This is a positive development for investors looking for stable dividends. Furthermore, OCBC's management has stated that they do not expect to cut the dividend for the full year of 2022, providing added assurance that the bank is committed to maintaining a stable dividend payout.

My purchase price 

OCBC provide the most value among the three banks in terms of dividend yield and P-E ratio, with a 6.4% yield based on the last traded price. Assuming that there are no externalities that could force the regulators to limit their dividends, investors can expect a dividend of approximately 80 cents in 2023, with an interim and final dividend of 40 cents each.

With a return on equity (ROE) of approximately 11%, OCBC is one of the more leveraged banks to the Hong Kong and China market. The reopening of Hong Kong and China's economies could benefit OCBC as the bank has Wing Hang Bank and a few acquisitions in China. Unlike UOB, which is more focused on the ASEAN markets, OCBC is better positioned in the North Asian markets, specifically China and Hong Kong.

In conclusion, OCBC's latest financial results and dividend policy are positive developments for investors seeking stable dividends. With a dividend yield of 6.4% on the last traded price and a P-E ratio of about 8x and PB ratio of 1.1, OCBC appears to provide the best value among the three banks. While there are risks associated with external events such as COVID-19, OCBC's management has stated that they do not expect to reduce the dividend unless such externalities occur. As such, OCBC could be an attractive investment opportunity for investors seeking stable dividends and exposure to North Asian markets.