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You can bank on this stock in 2017

PC Lee
PC Lee12/12/2016 12:26 PM GMT+08  • 2 min read
You can bank on this stock in 2017
SINGAPORE (Dec 12): DBS is upgrading OCBC to “buy” with target price of $10.30 as earnings are set to rise in anticipation of higher Net Interest Margins (NIM) and worries of the worst of NPLs (Non-Performing Loan) over.
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SINGAPORE (Dec 12): DBS is upgrading OCBC to “buy” with target price of $10.30 as earnings are set to rise in anticipation of higher Net Interest Margins (NIM) and worries of the worst of NPLs (Non-Performing Loan) over.

DBS also likes OCBC for having a better wealth management unit as well as its ability to keep credit costs low compared to the rest of its peers.

In a recent report, analyst Lim Sue Lin says Singapore banks are set to deliver NIMs with rate hikes almost a certainty in the coming quarters.

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