OCBC Bank: Rebounding in a Channel

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OCBC Bank looks like rebounding from a up trend channel support but immediately facing resistance at $10.50.

2015May15-OCBC Bk-800x600

Original post by Marubozu My Stocks Investing Journey.

 

Current P/E Ratio (ttm) 10.0990
Estimated P/E(12/2015) 10.9874
Relative P/E vs. FSSTI 0.6462
Earnings Per Share (SGD) (ttm) 1.0357
Est. EPS (SGD) (12/2015) 0.9520
Est. PEG Ratio 1.1730
Market Cap (M SGD) 41,690.96
Shares Outstanding (M) 3,985.75
30 Day Average Volume 3,709,383
Price/Book (mrq) 1.2841
Price/Sale (ttm) 3.4120
Dividend Indicated Gross Yield 3.39%
Cash Dividend (SGD) 0.1800
Dividend Ex-Date 04/30/2015
5 Year Dividend Growth 5.46%
Next Earnings Announcement 08/05/2015
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Singapore REITs Mini Sell Off. What is Going On?

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As we are getting nearer to June where US Fed may increase the interest rate, we have to keep a close eye to what is going on for Singapore REITs. Quite a number of Singapore REITs sold off recently as seems from the table below. Top 3 biggest losers are Suntec REIT, Mapletree Commercial Trust and Capitaland Commercial Trust. All these 3 REITs are Office related. Is it a coincidence or some big guys are offloading quietly?

May 8 REIT Performance1May 8 REIT Performance2 Singapore-REIT-Fundamental-Analysis-and-Comparison-Table-9-May-2015

Compare to previous Singapore REITs Fundamental Analysis Comparison Table here.

Technically Suntec REIT is already in bearish territory and starting a down trend. Mapletree Commercial Trust and Capitaland Commercial Trust are just sitting on the uptrend support. If these up trend support is broken, a bad sign for Office REIT. Disregard on what other analysts and newspapers say, the stock chart and share price will tell you the true story. Is this the opportunity to buy on dip or buy for distribution yield of Singapore REIT for long term investing? you have to know what you are doing and make sure you understand the risks.

2015May8 SuntecReit-800x600Mapletreecom REIT May8-20152015May8-CapitaComm-800x600

Continue ReadingSingapore REITs Mini Sell Off. What is Going On?