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Is it the right time to buy OCBC Bank for Investors/Traders?

From last two months, Ocbc share price fell off from the top, from 14$ to 11.5$ losing 17% in two months in SGX. Such correction is healthy for one of the constituents of Strait Times Index. As OCBC share price had been on a run since 2017. Thus, investors should not be worried by the recent decline in OCBC share price. Does the current OCBC share price represent value for money or is it another value trap?

Investors/Traders may be interested to know the intrinsic value of OCBC share price. To be on point, answering this question is never easy for OCBC shares because the Bank holds numerous non-core bank assets, many subsidiaries that are yet to be, or may even not be, divested in the near future.

Furthermore, even if a counter is trading at its fair value, it may not represent a good opportunity for investors to buy for the fall. For retail investors or QIB, they must be wary of the movement of the short-sellers.  In recent months, OCBC share price had been hurt by short-selling activities.

But here we will recommend going Long/Buy OCBC counter for investors/traders as a value investors as it at fair/intrinsic value, and the investor can get a good return for long-term buying at fair value.



This post first appeared on KLSE Market Watch For Bursa Malaysian Investor, please read the originial post: here

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Is it the right time to buy OCBC Bank for Investors/Traders?

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