Oversea-Chinese Banking Corporation (OCBC Bank)

OCBC posts 12% drop in 3Q earnings to $1.03 bil on larger allowances, higher than consensus' estimates  - THE EDGE SINGAPORE

Results

OCBC posts 12% drop in 3Q earnings to $1.03 bil on larger allowances, higher than consensus' estimates

Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.03 billion for the 3QFY2020 ended September, some 12% lower than the $1.17 billion a year ago, largely driven by larger a

Singapore's factory activity continues growth trend for third month in August  - THE EDGE SINGAPORE

Singapore economy

Singapore's factory activity continues growth trend for third month in September

Singapore’s manufacturing activity remained in the green in September, growing faster than in the previous two months.

Investing ideas

Will OCBC's interim dividend surprise be enough to snare investors?

SINGAPORE (Aug 6): Oversea-Chinese Banking Corporation (OCBC Bank) surprised market observers with a higher-than-expected interim dividend payout of 25 cents per share for the 1H19 ended June, 25%

Results

OCBC posts 1% rise in 2Q earnings to $1.22 bil; declares interim dividend of 25 cents per share

SINGAPORE (Aug 2): Oversea-Chinese Banking Corporation (OCBC Bank) saw its earnings rise 1% to $1.22 billion for the 2Q19 ended June, compared to $1.21 billion a year ago, on the back of record ear

Results

OCBC reports 11% rise in 1Q19 earnings of $1.23 bil on strong income growth

SINGAPORE (May 10): Oversea-Chinese Banking Corporation (OCBC Bank) reported 1Q19 earnings of $1.23 billion, 11% higher than the $1.11 billion reported in 1Q18.

Results

OCBC reports 12% rise in 3Q18 earnings to record $1.25 bil

SINGAPORE (Nov 1): Oversea-Chinese Banking Corporation (OCBC Bank) reported earnings of $1.25 billion for 3Q18, an increase of 12% from a year ago, driven by a 23% rise in profit from banking opera

M&A

OCBC Wing Hang Bank aborts sale of 33.3% stake in Hong Kong Life Insurance

SINGAPORE (Oct 1): Oversea-Chinese Banking Corporation (OCBC Bank) says the sale of its 33.33% stake in Hong Kong Life Insurance has been terminated.

Results

OCBC 2Q earnings up 16% to record $1.21 bil on robust performance across all businesses

SINGAPORE (Aug 6): Oversea-Chinese Banking Corporation (OCBC Bank) reported 2Q18 earnings of $1.21 billion, up 16% from a year ago and above one analyst's estimate of $1.19 billion, driven by robus

OCBC extends US$200 mil credit facility to Wilmar with interest rate linked to sustainability targets

SINGAPORE (June 8): OCBC Bank and Wilmar International have inked a deal that pegs the interest rate of the agribusiness group’s existing US$200 million ($267 million) revolving credit facility to

Broker's Calls

OCBC Bank kept at 'buy' by Maybank on passing turbulence in 1Q18

SINGAPORE (May 9): Maybank Kim Eng is maintaining OCBC Bank at “buy” despite the lender reporting 1Q18 core PATMI of $1.1 billion which slightly missed expectations.

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