NRA Capital: Kevin Scully Blog

OCBC delivers a good set of 2009 results - read our detailed analysis by Lynn Look our banking analyst......price target raised with the stock remaining in my stock pick/portfolio Monday, 22 February, 2010 11:58 AM Posted by Kevin Scully OCBC has delivered a good set of 2009 results - read our more detailed results review on the quality of the earnings and the strength of its balance sheet by our analyst Lynn today. As the Global and Singapore economy strart to recover and as the cyclical recovery gains pace and momentum, we must have exposure to cyclical plays such as the banks. In Singapore, its a quesiton of which of the three banks you should own. I have a preference for OCBC while Lynn prefers UOB but at the end of the day its what is the price target now compared to the stock price. As of today, OCBC offers the highest percentage upside. I added OCBC to my stock picks in March 2009. After one year, it remains attractive and I continue to keep it in my stock pick list.

OCBC delivers a good set of 2009 results - read our detailed analysis by Lynn Look our banking analyst......price target raised with the stock remaining in my stock pick/portfolio
Monday, 22 February, 2010 11:58 AM
Posted by Kevin Scully

OCBC has delivered a good set of 2009 results - read our more detailed results review on the quality of the earnings and the strength of its balance sheet by our analyst Lynn today.

As the Global and Singapore economy strart to recover and as the cyclical recovery gains pace and momentum, we must have exposure to cyclical plays such as the banks. In Singapore, its a quesiton of which of the three banks you should own. I have a preference for OCBC while Lynn prefers UOB but at the end of the day its what is the price target now compared to the stock price. As of today, OCBC offers the highest percentage upside. I added OCBC to my stock picks in March 2009. After one year, it remains attractive and I continue to keep it in my stock pick list.

Comments

OCBC stock pick In the current dreary market where price stability and forward earnings are of utmost importance, OCBC is a good stock to own(not punt) over property stocks. siew_wah on 22 February 2010 04:50 PM
Business that worth to hold for long run -- OCBC OCBC is my holding for long term. I bought it from pricc 5.20 and add more share when it drop to 4.50. With good management (biz sense) and fundamental plus solid business model (insurance float --Great Eastern). The intrinsic value of OCBC has increase year by year from 1997 (my analysis) about 10% (exclude divend income). It is golden goose that you should keep to get more golden egg for long run. (don't kill the golden goose yourself ;-). UOB is another good choice too. Benjamin on 19 March 2010 12:51 AM

OCBC stock pick
In the current dreary market where price stability and forward earnings are of utmost importance, OCBC is a good stock to own(not punt) over property stocks.

siew_wah on 22 February 2010 04:50 PM

Business that worth to hold for long run -- OCBC
OCBC is my holding for long term. I bought it from pricc 5.20 and add more share when it drop to 4.50. With good management (biz sense) and fundamental plus solid business model (insurance float --Great Eastern). The intrinsic value of OCBC has increase year by year from 1997 (my analysis) about 10% (exclude divend income). It is golden goose that you should keep to get more golden egg for long run. (don't kill the golden goose yourself ;-). UOB is another good choice too.

Benjamin on 19 March 2010 12:51 AM

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