OCBC Bank: Trend Reversal
OCBC breakout from a Symmetrical Triangle and rebounded from the uptrend channel support (also the 38.2% FR level). The down trend is officially ended which this breakout. The minimum price target of this symmetrical triangle breakout is $10.50. As there are no clear significant resistance, the next immediate will base on the Fibonacci Retracement Level.
Key Statistics for OCBC
| Current P/E Ratio (ttm) | 9.5142 |
|---|---|
| Estimated P/E(12/2013) | 13.3935 |
| Relative P/E vs. FSSTI | 0.7293 |
| Earnings Per Share (SGD) (ttm) | 1.0910 |
| Est. EPS (SGD) (12/2013) | 0.7750 |
| Est. PEG Ratio | 1.9319 |
| Market Cap (M SGD) | 35,617.86 |
| Shares Outstanding (M) | 3,431.39 |
| 30 Day Average Volume | 5,356,500 |
| Price/Book (mrq) | 1.5041 |
| Price/Sale (ttm) | 4.2132 |
| Dividend Indicated Gross Yield | 3.18% |
| Cash Dividend (SGD) | 0.1700 |
| Last Dividend | 04/29/2013 |
| 5 Year Dividend Growth | 3.34% |
| Next Earnings Announcement | 08/02/2013 |




