$OCBC Bank (O39.SG)$ OCBC most stable high dividends counter...
OCBC most stable high dividends counter, slightly better than DBS. OCBC next dividend is in August 2024 next month.
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summer66 : thanks. do you think the price would get higher this year?
friend688 OP summer66 : Definitely will be higher, as SG banks are still under valued if you calculate the P/E & revenue. As mentioned many times even the Fed cuts is only 0.25 in Oct 2024 & subsequently will be mid of 2025 next year & maybe year end of 2025 the last 0.25 Fed interest rate cut. From now to end next year 2025 only 0.25% x three Fed interest cuts, meaning total only 0.75% & that below 1% rate cut for two years. Current interest rate at 5.5% & cutting 0.75%. Banks are still enjoying high interest rate of 4.75% high interest rate environment. In the long term Fed will not likely to cut rates as low as before covid. Accept this facts!!!! Moreover the three Sg banks are well positioned for the financial future. If you see our banks historical chart gradients only move upwards year on year. Hope this clear ALL doubts, anytime you buy this blue chips, it’s a good time. All the best everyone.
summer66 : Thanks for the input. I'm new to bank stocks. I'll just hold a bit longer. Btw, I bought some last week, am I qualified for the upcoming August dividends?
friend688 OP summer66 : Yes before ex date all eligible. Yes long term. For me I won’t sell at all. Keep at least a year or two.
summer66 friend688 OP : thanks![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
friend688 OP summer66 : Earn the good above 5% interest dividends. Where to get higher than cpf SA 4%. When year end comes everyone SA ended, a lot of Singaporean senior citizen will flock to take out their OA 2.5% to place in blue chips bank stocks. You bet!!!! Another tip for you, all banks or blue chip stocks shoot up again
summer66 friend688 OP : Friend, do you have any advice on possible correction if one holds bank stocks, ETF and cash funds?
friend688 OP : Get some bonds to balance out. I gotten AB American & another is ETF United Income funds. Both products from UOB bank. But correction won’t be a lot for bank stocks, as the little slight lower interest rates, our banks already factored in mid year 2024 this year. Our Sg banks are fast forward looking.
summer66 friend688 OP : I've invested some with Endowus in the Amundi Index MSCI World Fund. What do you think of this fund?
friend688 OP : Trust me year end Singapore
CPF / SA once closed. Many long que will gathered again at ALL local major banks. Like during the previous interest rate up FD que. As usual many uncle & auntie only just realised their SA 4% account closed transferred to lower interest rate 2.5% OA.
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