To The Moon

🌟🌟🌟As Singapore celebrates SG60, marking 6 decades of independence, ingenuity and identity, I am launching a personal tribute to this milestone with a series of articles spotlighting the most compelling companies listed on the SGX $SGX(S68.SI)$ . 

If you are inspired to take part in this journey, there is no better time.  Tiger Brokers $Tiger Brokers(TIGR)$  is celebrating SG60 with a special promotion on Singapore stocks - from now until October 17, enjoy zero commission, zero custodian fees and stand a chance to win attractive prizes as you invest in Singapore's future.  It is a timely opportunity to align your portfolio with the spirit of SG60.

Please follow me to learn more about the companies that define Singapore's past, shape its present day and inspire its future.

Legacy Reimagined: OCBC's Path To Value and Vision at SG60

A Century of Resilience, A Personal Chapter of Growth 

In 1912, the Chinese Commercial Bank laid the foundation for what would become OCBC $ocbc bank(O39.SI)$  - Singapore's oldest bank and one of its most enduring institutions.  Through war, independence and globalisation, OCBC has stood as a quiet force behind the nation's rise.   As Singapore celebrates SG60, OCBC turns 113, I find myself reflecting not just on its legacy, but my own.

I first invested in OCBC in 2021, drawn by its conservative balance sheet, strong dividend history and cultural resonance.  It wasn't flashy.  It didn't chase headlines.  But it felt grounded, just like Singapore itself.  Today I am up 48%.  That gain isn't just financial, it is symbolic.  It marks a chapter of discipline, conviction and belief in OCBC that mirrors the values I hold dear.

Q2 2025: Steady Hands in Shifting Winds

OCBC's second quarter earnings showed resilience amid margin compression.  Net profit came in at SGD 1.82 billion, down 7% year on year but above analysts' s expectations.

Net interest income fell 6% with margins narrowing to 1.92%, yet non interest income rose 5%, buoyed by fee and trading growth.  The interim dividend of SGD 0.41 per share, yielding almost 5% was announced, represent ing a payout ratio of 50%.  This underscores OCBC's commitment to shareholder returns even in a cautious environment.

A New Era: Tan Teck Long Takes the Helm

With Helen Wong stepping down, OCBC enters a new chapter under incoming Group CEO Tan Teck Long.  His tenure as Head of Global Wholesale Banking, saw income compound annually at 20%.  This was driven by a unified "One Group" strategy across ASEAN and Greater China.

Tan's leadership promises sharper digital execution, deeper regional integration and a renewed focus on sustainable finance.  It is not just a change in leadership, it is a recalibration of ambition.

Diversification: The Quiet Strength of OCBC

OCBC's portfolio is more than just banking.  Its majority stake in Great Eastern Insurance anchors a thriving wealth and protection business.  In Indonesia, OCBC enhanced its footprint by acquiring PT Bank Commonwealth (PTBC) for SGD 191 million.  With over 1.2 million clients this latest acquisition would complement OCBC Indonesia's existing portfolio which includes wealth management and auto financing.  Meanwhile across Malaysia   Hong Kong and Greater China, OCBC's integrated model is driving cross border flows and client stickiness.  This is a diversified financial ecosystem.

Valuation and the Case for OCBC 

Analysts currently have a target price of between SGD 15.80 to SGD 20.15, with a median target price of SGD 17.50, suggesting a modest upside from current levels.  At 10.6 times forward earnings and a 15.3% CET1 ratio, OCBC offers both safety and income.  Its current dividend yield at 4.86% makes it a compelling choice for long term investors seeking stability and cash flow.

SG60 and Me:  Why OCBC Still Belongs In My Portfolio

As Singapore turns 60, I am reminded that investing isn't just about numbers.  It is also about alignment.  OCBC has grown with the nation and with me.  It has helped me build wealth not through speculation but with patience.  In a world chasing the next big thing, OCBC remains a quiet titan, undervalued and deeply rooted.

With a new CEO, a diversified portfolio and a steady dividend, OCBC is not just a hold.  It is a Buy for those who believe in legacy, discipline and the long arc of value.  SG60 is a celebration of what endures and OCBC, in my view, is one of those rare institutions that still does. 

Go Long Go Strong Go OCBC! 🚀🚀🚀🌛🌛🌛💰💰💰🇸🇬🇸🇬🇸🇬

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