OCBC Bank: False Breakout?

Post author:Marubozu
Post published:February 6, 2015

OCBC Bank has broken $10.50 resistance recently. This $10.50 resistance is also the Ascending Triangle resistance. If this is a real breakout, price target for OCBC Bank is about $11.10. Take note that there is no spike in volume to support this breakout. Is this a successful breakout or a false breakout? We will only know the answer after the earning release on Feb 11.

Original post by Marubozu from My Stocks Investing Journey.

Current P/E Ratio (ttm)	10.1169
Estimated P/E(12/2014)	11.1864
Relative P/E vs. FSSTI	0.6783
Earnings Per Share (SGD) (ttm)	1.0438
Est. EPS (SGD) (12/2014)	0.9440
Est. PEG Ratio	1.1150
Market Cap (M SGD)	42,065.89
Shares Outstanding (M)	3,983.51
30 Day Average Volume	4,300,717
Price/Book (mrq)	1.4624
Price/Sale (ttm)	3.5757
Dividend Indicated Gross Yield	3.22%
Cash Dividend (SGD)	0.1750
Dividend Ex-Date	08/25/2014
5 Year Dividend Growth	4.56%
Next Earnings Announcement	02/11/2015

Singapore REIT Fundamental Analysis Comparison Table – 1 Feb 2015

Post author:Marubozu
Post published:February 1, 2015

FTSE ST Real Estate Investment Trusts (FTSE ST REIT) Index increases from 781.16 to 796.8 compare to last post on Singapore REIT Fundamental Comparison Table on Jan 4, 2015. The index is currently going through short term retracement after breaking out from the 52 weeks high resistance. Long term trend for Singapore REIT is bullish base on the chart pattern of this ST REIT index as the 200D SMA is trending up. The index is currently on up trend as long as 780 Resistance Turned Support holds.

FTSE ST REIT Index Feb1-2015

Price/NAV slight change from 1.04 to 1.05 (slightly over value now)
Distribution Yield decreases slightly from 6.57% to 6.52%.
Gearing Ratio increases slightly from 33.74% to 33.78%.

There was a spike in SIBOR recently. Not a good sign for REIT which have high gearing ratio because there may be increase in borrowing cost depends on the debt expiry profile.

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Global Stock Market Indices PE Ratio At a Glance (1 Feb 2015)

Post author:Marubozu
Post published:February 1, 2015

Market Indices PE Ratio for Major Stock Exchange globally

US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000
Europe: FTSE100, CAC40, DAX
Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOPSI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi

Note: I am unable to get PB Ratio from Bloomberg as Bloomberg changes the website layout. Still yet to find the way to extract the PB Ratio. Thus, PB Ratio will be removed from this table for the time being.

Dow Jones Industrial, S&P500 and NASDAQ are in the sideway consolidation mode but still above 200D SMA. Average PE ratio decreases from 21.30 to 21.17. Most of the stock market now are overvalue now. January Barometer is bearish and VIX closed at 20.97 for January 2015.

See Jan 2015 Global Stock Market PE Ratio here.

Shiller PE Ratio Feb1-2015

S&P500 Dividend Yield Feb1-2015

PE = Price Per Earning
PB = Price To Book Value

Dow Jones Industrial, S&P500, NASDAQ, Russel 2000 Charts

INDU, SPX, COMP are still on uptrend but showing dangerous reversal chart pattern. Currently INDU & SPX are just sitting on neckline support of Head and Shoulders; COMP is showing Multiple Tops pattern.
RUT is consolidating sideway within a Rectangle.

Past 1 Month Sector Performance

Treasury Yield

Yield Curve

If you want to understand how to conduct the above stock market analysis, how and where to find the free (and right) data from internet, how to analyse the data, how to combine all the analysis to form an own opinion to predict the stock market next moment? How to use the Yield Curve to anticipate the stock market movement. Check out the Fundamental Analysis Class here.