Overseas Chinese Banking Corporation (OCBC Bank)

[SpeedingBullet]

Why you think OCBC is the cheapest bank in Singapore. Basing on PE, value or just by the share price?

Cheaper or not, for me if i want this stock i will wait for the anticipated right
issues. Hoping to buy some Nil Paid Rights in the market if available and cheaper than the mother price then after conversion of the NPRs to mother share. Of course must base on the sentiments of the market and the fundamentals of OCBC at that time.
JF thoughts:-
i wonder if the market crashes now what OCBC going to do? Delay right issues? Use debt to raise new capital? Just wait for more favourable market? Can they (allow to) wait? By regulation how long?

Hi Bro Fishhead and Temperament

Cheap cos is the cheapest amongst the 3 banks that I can afford to buy 1-2 lots.

But can we buy when they issue the right issue if we do not hold any mother's share or the rights are open to all to buy?

What is Nil paid rights? Tks

Sometimes a $100/share stock can be "cheaper" than a $0.01/share stock hehe. But I'm thinking the market has priced in the potential rights issue in OCBC, suppressing it's price.

Nil paid rights is when the original OCBC investor sells away his rights to another.