Oversea-Chinese Banking Corporation Limited (OCBC)

Singapore economy

Analysts mostly keep Singapore’s GDP estimates for 2024 despite softer-than-estimated 4Q2023 growth

Analysts have kept their estimates to range between 2% to 3%, while BofA has upped its estimate to 2.6% from 2.3% previously.

Banking & finance

Banking on data centre technology

Like many other industries, banks rely extensively on data-driven information to provide seamless and secure financial services.

Broker's Calls

OCBC’s results for 4QFY2023 should not surprise, but dividends may: RHB

OCBC is slated to release its results for the 4QFY2023 and FY2023 on Feb 28.
OCBC’s new AT1 subordinated perpetual notes may have tightening potential: Bloomberg Intelligence - THE EDGE SINGAPORE

Broker's Calls

OCBC’s new AT1 subordinated perpetual notes may have tightening potential: Bloomberg Intelligence

OCBC announced its new perps on Jan 10 while UOB Malaysia announced its debut Islamic debt on Jan 25.
Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks - THE EDGE SINGAPORE

Broker's Calls

Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks

The analysts foresee that 2024 will mark an inflection downward for most Asean banks.

Banking & finance

OCBC prices $450 mil perpetual capital securities first callable in 2029

As at 9.56am, shares in OCBC are trading 8 cents lower or 0.62% down at $12.80.
Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty - THE EDGE SINGAPORE

Singapore economy

Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty

Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.

Singapore economy

Analysts see brighter outlook for Singapore in 2024 after better-than-expected 4Q2023 GDP

The analysts estimate that Singapore's GDP in 2024 will expand from 2.0% to 3.0%.

Broker's Calls

UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle

OCBC is analyst Jonathan Koh’s top pick due to its commitment to maintaining its 50% dividend payout ratio.
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