03 December 2019

Trading/Investing Idea: OCBC (O39)

  • Down for 7 days
  • Completed the transaction of Pacific Mutual Fund Berhad (“PMF”) from Lion Global Investors Limited and Koperasi Angkatan Tentera Malaysia Berhad
  • PMF is now a wholly-owned subsidiary of Bank of Singapore Limited.
  • Next dividend in May, 3 months window to trade, The shares buyback is over too.

On queue to buy at 10.55. Target to sell at 10.95 for trading. 

If for investing, 10.55 translates to approximately 3.7% dividend yield