This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!
"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
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Think Investing as Tug of War - Read more? Click and scroll down
I liked OCBC prudent approach to front load the NPL and reduce exposure to O&G Offshore support.
ReplyDeleteOCBC's Q2 net profit fell by a larger-than-expected 40 per cent after it took S$350 million in provisions to write down the carrying value of the existing offshore support vessels (OSVs) that back corresponding impaired loans - a move that has crunched down its exposure to the offshore support sector. Consequently, the bank's OSV portfolio, excluding conglomerates, is now down to less than 0.3 paer cent of total outstanding loans
https://www.businesstimes.com.sg/companies-markets/ocbc-takes-knife-to-offshore-support-sector-exposure-q2-profit-down-40
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