Monthly Archives: June 2015

DBS- script dividend is out of money

DBS announced the script dividend of $0.60 per share at a conversion of $20.99 per share. This was established during the book clourse around the end April 2015. In the month of May 2015, the share price had been higher than $21 per share for the first … Continue reading

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OCBC – script dividend in the money

Recently, OCBC announced the distribution of scrip dividend in lieu of cash dividend. Its dividend was $0.18 per share and the bank had established a conversion rate of $9.50 per share, a discount to on-going share price. Given the discount to the prevailing … Continue reading

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OCBC – share price 1 April 2015 to 24 June 2015

In class, we had established that the share price of OCBC should intrinsically at about $12.18 per share in view of its consistent dividend growth over the years. But this does not mean that students should go and buy at any … Continue reading

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STI – Is it better to be on selling mode now?

The STI reached a high of 3549.85 on 16 April, only second to the all time high of 3899.29 made on 10 Oct 2007. This means that the recent high was about 350 points or 10% below its all-time high. … Continue reading

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Singapore banks – Net interest margins (NIM)

Much fanfare has been thrown on banks’ net interest margin (NIM) as the impending interest rates hike seemed to gain traction. As it is, our interest rate lags behind the US interest rates, and it is only a matter of … Continue reading

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