Oversea-China Banking Corp (OCBC)

Broker's Calls

RHB stays 'overweight' on Singapore banks with UOB as top pick

UOB is RHB's top pick for the Singapore banking sector, while DBS has replaced OCBC for the second spot.

Broker's Calls

Following 3Q21 results, analysts upbeat on OCBC despite 'lingering headwinds'

“We believe there is further room for OCBC’s share price to re-rate."

Banking & finance

Opportunities and challenges as OCBC and UOB beat expectations in 3Q2021

OCBC and UOB reported 3QFY2021 earnings above expectations on higher loan growth and fee income.
OCBC reports Q3FY2021 earnings of $1.22 billion, up 19% y-o-y on lower allowances - THE EDGE SINGAPORE

Results

OCBC reports Q3FY2021 earnings of $1.22 billion, up 19% y-o-y on lower allowances

Non-performing loan ration for Q3 maintained at 1.5%
'Resilient' 3Q21 earnings expected for Singapore banks: analysts  - THE EDGE SINGAPORE

Broker's Calls

'Resilient' 3Q21 earnings expected for Singapore banks: analysts

"The sector provides attractive average dividend yield of 4.1% for 2021 and 4.7% for 2022."

Broker's Calls

Singapore banks 'sitting on massive liquidity', UOB 'clear beneficiary': Maybank Kim Eng

"How they deploy could determine profitability on the other side of Covid-19."
DBS CRO Tan Teck Long to join OCBC as head of global wholesale banking - THE EDGE SINGAPORE

New appointments

DBS CRO Tan Teck Long to join OCBC as head of global wholesale banking

Tan will relinquish his current appointments before his appointment to OCBC.
Analysts maintain 'buy' on OCBC following 1H21 results, see higher earnings and dividends ahead - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' on OCBC following 1H21 results, see higher earnings and dividends ahead

Analysts have largely kept target prices for OCBC unchanged.
OCBC’s 2Q21 net profit rises 59% to $1.16 bil, interim DPS of 25 cents declared - THE EDGE SINGAPORE

Results

OCBC’s 2Q21 net profit rises 59% to $1.16 bil, interim DPS of 25 cents declared

On a q-o-q basis, OCBC’s 2Q21 net profit fell 23% from 1Q21's net profit of $1.5 bil.
Singapore economy was 'generally in better shape' in 2Q2021 compared to 2Q2020: OCBC economist - THE EDGE SINGAPORE

Banking & finance

Singapore economy was 'generally in better shape' in 2Q2021 compared to 2Q2020: OCBC economist

Bank lending was up 1.5% in June, the fastest it has grown since July 2020.
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