Oversea-Chinese Banking Corporation (OCBC)

Singapore banks to shine despite regional macros, competition from fintechs: Maybank
SINGAPORE (Mar 18): Maybank Kim Eng is keeping “positive” on Singapore’s banking sector while noting significant interest among Malaysian investors in Singapore banks from a flight-to-quality angle, and for their high dividend yields as the SGD appreciates. This comes post a meeting with 15 Malaysian investors from a mix of long-only, hedge and private-banking funds to discuss Singapore ...
9 undervalued stocks to watch in the MSCI Singapore Index: KGI
SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%. According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese ...
Why UOB is the better of two 'buys', according to DBS
SINGAPORE (Dec 4): DBS Vickers Securities is maintaining its “buy” for United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC) with target prices of $29.50 and $13.20. In a Tuesday report, analyst Lim Rui Wen notes that UOB is offering close to 5% yield and OCBC, at around 4%. In particular, she prefers UOB for its strong capital position and the ongoing build-up of its ...
Singapore banks could still win despite e-payment disruption: Morgan Stanley
SINGAPORE (Sept 7): The rise of e-payments might create a potentially existential challenge for banks, but two Singapore banks are expected to emerge winners despite the disruption, according to Morgan Stanley Research. Across Asean, banks are expected to lose between US$13.1 and $15.5 billion ($18.0 and $21.3 billion) in value to non-bank operators by 2022 as a result of this e-payments ...
Can Singapore banks weather the storm as surprise property cooling measures strike?
SINGAPORE (July 6): DBS Group Research is downgrading its recommendations for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) – and slashing their target prices by up to 20%. This comes after the government yesterday evening announced a couple of property cooling measures that will kick in with effect from today. “Previous property cooling measures caused ...
Customers can now open OCBC 360 Account via bank's website
SINGAPORE (June 5): All Singaporeans and permanent residents (PRs) can now open an OCBC 360 Account via the bank’s website, without the need to visit a bank branch or provide documents, says OCBC Bank. This is because the new account can be opened using the national data repository MyInfo to pre-fill an online OCBC 360 Account application form with personal details, while further ...
OCBC reports 29% rise in 1Q to $1.1 bil on lower loan provisions and higher income from lending and wealth management
SINGAPORE (May 7): Oversea-Chinese Banking Corporation reported a earnings of $1.11 billion for 1Q18 ended March, an increase of 29% from a year ago on lower loan provisions and higher income from lending and wealth management. This was slightly higher than the mean of five broker estimates of $1.09 billion compiled by Thomson Reuters. Last week, DBS posted a 26% increase in earnings while ...
Asia's top 20 private banks push past US$2 trillion AUM milestone
SINGAPORE (Apr 12): The top 20 private banks in Asia saw their combined assets under management (AUM) soar past the US$2 trillion ($2.6 trillion) milestone in 2017, according to data compiled by Asian Private Banker. The private banking arm of DBS Group Holdings saw its AUM climb 33.6% y-o-y to US$108.5 billion in 2017, while Oversea-Chinese Banking Corporation’s (OCBC) Bank of Singapore ...
OCBC's growing love for fintech and AI keeps it at 'buy'
SINGAPORE (Mar 23): UOB Kay Hian is maintaining its “buy” call on Oversea-Chinese Banking Corporation (OCBC) with a target price of $14.95. In a Thursday report, analyst Jonathan Koh says, “We are encouraged to see OCBC embarking on many IT initiatives to improve operating efficiency.” OCBC has established an in-house unit with an initial investment of $10 million to develop ...
OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil
SINGAPORE (Jan 17): Lion Global Investors, a subsidiary of Oversea-Chinese Banking Corporation (OCBC), has raised its interest in China’s Maxwealth Fund Management Company (FMC) to 28.51% from 10% previously by acquiring 37 million shares for RMB61.45 million ($12.6 million). With the latest transaction, FMC has become an associated company of OCBC. The remaining 71.49% interest in FMC is ...