Oversea-Chinese Banking Corporation Limited (OCBC)

Broker's Calls

CGS-CIMB maintains 'add' on Singapore banks despite 10% earnings drop

The banks are well-positioned to sustain their dividend policies in FY2022, according to the analysts at CGS-CIMB.
Maybank stays upbeat on three local banks, sees better 2HFY2022 - THE EDGE SINGAPORE

Broker's Calls

Maybank stays upbeat on three local banks, sees better 2HFY2022

Maybank Securities’ Thilan Wickramasinghe sees better operational growth ahead for all three banks
Peak in inflation yet to come as Singapore’s core and headline inflation jumps to 10-year high - THE EDGE SINGAPORE

Singapore economy

Peak in inflation yet to come as Singapore’s core and headline inflation jumps to 10-year high

March’s figures for both core and headline inflation stood at 2.9% and 5.4% respectively.
Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March - THE EDGE SINGAPORE

Singapore economy

Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March

Maybank Securities is keeping its NODX growth forecast at 4%-6%; OCBC's is unchanged at 4%-8%; UOB's forecast remains at 2.0%.
Singapore's February retail sales down 3.4%, first time in six months - THE EDGE SINGAPORE

Singapore economy

Singapore's February retail sales down 3.4%, first time in six months

Despite the February contraction, OCBC and UOB are both keeping their full-year retail estimates at 3.5% and 6.0% respectively.

Environmental, Social and Governance

SGX and OCBC launch low carbon index that tracks Singapore’s largest companies

The index is said to provide investors with an opportunity to reduce the carbon footprint of their investment portfolios.

Broker's Calls

UOB Kay Hian sees 'strong support' for DBS and OCBC at $30 and $11 respectively amid geopolitical uncertainties

The brokerage has kept "buy" on DBS and OCBC with TPs of $35.80 and $15.10 respectively.

Russia-Ukraine crisis

DBS, OCBC, UOB halt Russia commodities lending to cut risks

The limits include a halt on issuing so-called letters of credit in US dollars for trades involving Russian commodities.

Broker's Calls

Analysts still positive on OCBC as FY2021 earnings perform below expectations

Analysts have estimated OCBC's TPs to range from $14.20 to $15.82.

Global Economy

Briefs: former OCBC rep charged, ST Engineering enters MOU for road, rail and EV cooperation

Also in the news: Singapore’s core inflation hits 10-year high at 2.4% in Jan
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