SG Investor Hub Blog

OCBC share price to surge with 70% profit jump?

LIFETIME MEMBERSHIP OCBC share price is ready to rock again! In my previous article written on 5 February 2021, I wrote that OCBC share price could remain sluggish if the Monetary Authority of Singapore (MAS)’s measure on bank share buybacks is firmly set in place. Since that fateful article, the management retaliated by launching a series of shares buybacks. For sure, the slew of share buybacks by OCBC caught me by surprise. Nonetheless, the moves provided good support for the bullish run of OCBC share price.

Although the current bullish form of OCBC share price should be attributed mainly to the improving economic conditions, the resumption of the share buybacks will bode well for OCBC share price. In comparison to DBS and UOB, OCBC is considered the most aggressive when it comes to share buybacks in recent years. In fact, the series of share buybacks in March and April 2020 enabled OCBC share price to make a swift recovery from the low of $7.80.

OCBC share price

Incidentally, the share buybacks also occurred at a time when Deputy President and Head of Global Wholesale Banking Helen Wong will take over as Group CEO from April 15. With a recovering OCBC share price, it …

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Keep working at our jobs and not retiring early

I was working in the office this week and it’s definitely more tiring than working at home. The transport time, dress code and ambient noise does get to me at times and it takes me a while to get used to it when I switch between the different work arrangements. But it’s easier to catch […]