$ocbc bank(O39.SI)$ OCBC has just reported its Q4 24 earnings and it did not quite meet the analysts' expectations. Nonetheless OCBC's core fundamentals have not changed. It is still a profitable bank with rock solid balance sheet and a great management team.
OCBC's FY24 Group Net Profit is up 8% to SGD 7.59 billion compared to FY23. It has rewarded me with Special Dividends of 16 cents. The current dividend yield is 5% which is much better than putting money into a Singapore Savings Account.
I am a long term investor of OCBC and believe that it is a great bank stock to buy and hold long term. So far OCBC has rewarded me with excellent capital growth of 51% and nice, juicy dividends. That is the magic of compounding working overtime.
As the late Charlie Munger likes to say "The Big Money is not in the Buying and Selling but in the Waiting."
@Tiger_SG @TigerClub @CaptainTiger @Tiger_comments @TigerStars @Daily_Discussion
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- 1PC·2025-02-27Congratulations 👏🎉1Report