OCBC

OCBC Wisma Atria turns one, reports seven times higher card applications - THE EDGE SINGAPORE

Company in the news

OCBC Wisma Atria turns one, reports seven times higher card applications than regular banking branches

The 20,000 sq ft lifestyle and banking space officially opened in November 2022.
Why do carbon credit prices vary for different project types? - THE EDGE SINGAPORE

Bonds and treasuries

Why do carbon credit prices vary for different project types?

These industry and national standards are a step forward towards high-integrity carbon markets
Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96 - THE EDGE SINGAPORE

Broker's Calls

Analysts split on OCBC following 1HFY2023 results, with target prices ranging from $12.70 to $14.96

OCBC reported net profit of $3.59 billion for the 1HFY2023, 38% higher y-o-y.

Right Timing

Support for STI appears at 3,230, banks turn into dividend plays

Support for the STI's decline is at 3,230. Among the banks, UOB has approached the mean of its price to book ratio
From OCBC: new guidance, details on incremental $3 billion income and CRE loans - THE EDGE SINGAPORE

Banking & finance

From OCBC: new guidance, details on incremental $3 billion income and CRE loans

OCBC announces new guidance, details on new targets and its CRE loans, and new Asean focus
'Little financial impact' if Great Eastern proceeds with 'bite-sized' acquisition of AmMetLife: Citi - THE EDGE SINGAPORE

Broker's Calls

'Little financial impact' if Great Eastern proceeds with 'bite-sized' acquisition of AmMetLife: Citi

Ahead of DBS and OCBC's earnings on Aug 3 and 4, one Citi Research analyst maintains his “pair trade idea”, favouring OCBC.
OCBC appoints Mike Ng as its first chief sustainability officer - THE EDGE SINGAPORE

Banking & finance

OCBC appoints Mike Ng as its first chief sustainability officer

Ng was appointed OCBC's head of sustainability office in the bank’s global wholesale banking unit in June 2022.

Broker's Calls

Singapore banks' loan growth, fee income 'largely weak'; DBS urges 'hold’ before 2QFY2023 results

UOB is set to announce its results for 1HFY2023 on July 27, while DBS and OCBC will follow on Aug 3 and Aug 4 respectively.

Right Timing

Banks’ rally may take a breather ahead of earnings announcements

If inflation peaks and the Fed stops raising, banks' credit costs could stay benign
Citi 'warming up to OCBC' over DBS ahead of 1HFY2023 results, expects 40 cents DPS - THE EDGE SINGAPORE

Broker's Calls

Citi 'warming up to OCBC' over DBS ahead of 1HFY2023 results, expects 40 cents DPS

UOB is set to announce its results for 1HFY2023 ended June on July 27, while DBS will do the same on Aug 3 and OCBC on Aug 4.
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