OCBC OVERPAYING TO BUY UP GREAT EASTERN?!? GE Shares“I bought” SHOOTS UP 38%

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Recently, Great Eastern shares soared 38% because of a general offer from OCBC. Was it due to only to shareholder complains that OCBC made the move? Find out more in this discussion why I think OCBC is making a good move to buy Great Eastern shares on a cheap now.
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0:00 Introduction
0:24 OCBC general offer for Great Eastern
1:20 OCBC latest 1Q2024 results
3:20 Analyst feels its overpriced
5:02 Why Josh thinks its good
7:28 Why OCBC buying now
8:07 Josh bought
#dividends #stocks #shareinvesting #singaporestocks
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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Пікірлер: 12

  • @joshconsultancy
    @joshconsultancy2 ай бұрын

    ENGAGE Josh Tan on a fee for full retirement planning NOW which will cover investing, loan management, upgrade/downgrading, insurance and other wealth building steps - Hear the IMPROVEMENTS you can make IMMEDIATELY! ►‌ www.theastuteparent.com/josh-tan

  • @keekiatchua447
    @keekiatchua4472 ай бұрын

    Josh, geh depressed performance in the last 2 years was a result of both yield curve inversion between long and short term bond as well as the new accounting rules kicked-in from jan 2023. That is why minority shareholders are unhappy because ocbc took advantage of these 2 events that has cause the depressed share price to privatise geh. In the restated 2022, and 2023 fianacial report, geh book value was cut by a whopping $4.77 from the original $19.93 in 2022 to $15.16 in the restated 2022. All these happens because of new financial reporting. Therefore, 1.5X P/B value is not a fair deal cause when the yield curve inversion is gon, the book value would return to its normal range. But by then ocbc gets to enjoy all these benefits by itself! This is a shame on ocbc as the chairman repeatedly bosting that it is a financial conglomerate and not just a bank in the recent AGM. Now i know how they becomes a financial conglomerate!

  • @joshconsultancy

    @joshconsultancy

    2 ай бұрын

    Good sharing 👍

  • @lesliefoo838

    @lesliefoo838

    2 ай бұрын

    So is that why OCBC share price is moving up?

  • @keekiatchua447

    @keekiatchua447

    2 ай бұрын

    @@lesliefoo838 Because it is a good deal. GEH is severely undervalued.

  • @tantuanphin

    @tantuanphin

    2 ай бұрын

    Big fish eats small one, face reality! Don't grumble, just become OCBC shareholders

  • @piggysan666
    @piggysan6662 ай бұрын

    GE health inurance P signature premium price shoot up also ... 😐

  • @joshconsultancy

    @joshconsultancy

    2 ай бұрын

    Price non guaranteed and expected to inflate every few years to keep Up with medical inflation. The lower tiers inflation will be likely less 🙏

  • @spitfire9004
    @spitfire90042 ай бұрын

    Is OCBC a good buy now? Or too late to join

  • @joshconsultancy

    @joshconsultancy

    2 ай бұрын

    Hi Mark, I've shared personal views on banks here - I'm still NOT BUYING DBS shares yet... here's why... | Singapore Stocks To Buy 2024 kzread.info/dash/bejne/p6ipk81yiMLgY9Y.html

  • @user-gm7du2ms7v
    @user-gm7du2ms7v2 ай бұрын

    Great eastern will crash in no times

  • @joshconsultancy

    @joshconsultancy

    2 ай бұрын

    Erm unlikely. buyout price is a floor

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