Rate Of Return
OCBC Bank Return Rate๐ฆ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐ โ ๐๐๐๐ ๐๐, ๐๐๐๐
๐ฑ Lunchtime check-in, Iguanas. Here is what the morning session told me.
๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐
STI level is data pending. The session opened lower after oil prices rose above US$80 a barrel on renewed Strait of Hormuz tensions, per The Edge Markets. Banks recovered through the morning, while Thai Beverage and Addvalue Technologies saw elevated volume. Volume tone was mixed. Banks traded near their averages. Thai Beverage saw above-average turnover. Iggy's one-line read: Signal, not noise. The market is rotating between energy-sensitive names and defensive dividend plays.
๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐
๐ ๐๐ก๐๐ข ๐๐๐ฏ๐๐ซ๐๐ ๐ (๐๐๐), ๐๐จ๐ฐ๐ง ๐.๐%
Trading at S$0.440 on volume of 16 million shares. CGS International maintains a Buy rating with a S$0.58 target and DBS has a S$0.62 target. Trailing yield cited at 5.2 percent with a payout ratio of 58.5 percent, per analyst coverage. No Iggy forensic zone assigned pending Doc 6 entry.
๐ ๐๐๐ฏ๐๐ฅ๐ฎ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ (๐๐๐), ๐ฎ๐ฉ ๐.๐%
Trading at S$0.152 on volume of 48 million shares. The board announced on June 20 the passing of non-executive director Paul Clark Burke. Maybank maintains a Buy rating with a S$0.31 target.
๐ ๐๐๐๐ (๐๐๐), ๐ฎ๐ฉ ๐.๐%
Recovering to S$24.92 after a lower open. Transitional CET1 at 17.0 percent provides a capital buffer. Trailing yield at current price does not yet clear the 4.7 percent hurdle.
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Oil prices rose above US$80 a barrel after renewed Strait of Hormuz tensions over the weekend, per The Edge Markets. US and Iranian officials held a second day of talks following escalating threats. This supports the morning session move, with banks recovering as rate expectations firm and energy-sensitive names facing headwinds.
Not financial advice. Iggy's Forensic Compliance Standards apply.
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