Is it a good time to invest in OCBC shares?

Hi SG Wealth Builder,

My comments on your post: OCBC Bank’s 3Q16 results beat market estimates. I’m not sure why it shows “failed to leave comment” on your article post. Hence, I drop you the comment via this mail.

My comments: I’m curious on your statement stating that your target entry for OCBC stocks will be at $6.00. Current trade price for OCBC share is $8.43. Based on the liquidity of SGX market, the price could hardly fluctuate in between price gap of around $2.00++. Not to say it’s impossible, as anything is still possible to happen in the stock market.

My concern here is if we were to wait for that target price of $6.00, and assuming the market goes smooth for the year. Then we will be missing out the 1 year opportunity for the stocks if the price never achieve the target price of $6.00 within the year, isn’t it? Since based on analysis the stocks growth is strong and having potential of profit as well. This is just my personal opinion and it’s always my pleasure to share and learn more from your analysis. Hope you have a great day!

Best Regards,

William

I received the above email from one of my readers. Really grateful to him for reaching out to me. Recently I have some technical issues with my blog plugins. Hence, if you are unable to leave any comments in my blog or is unable to subscribe to my blog posts, please feel free to email me at [email protected].

With regard to William’s query on whether its realistic to expect OCBC share price to drop to the $6.00 level, I must say that there is no right or wrong answer. The only thing that matters is [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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