OCBC

OCBC’s ‘stable’ NPL ‘eased some concerns’ about S’pore banks’ CRE exposure: Citi - THE EDGE SINGAPORE

Broker's Calls

OCBC’s ‘stable’ NPL ‘eased some concerns’ about S’pore banks’ CRE exposure: Citi

Compared to the two other major Singapore banks, OCBC’s exposure in Hong Kong office CRE is the highest.
OCBC posts record 1HFY2024 net profit of $3.93 bil, up 9% y-o-y; 2QFY2024 net profit falls 2% q-o-q - THE EDGE SINGAPORE

Results

OCBC posts record 1HFY2024 net profit of $3.93 bil, up 9% y-o-y; 2QFY2024 net profit falls 2% q-o-q

OCBC has declared an interim dividend of 44 cents, up 10% or 4 cents from a year ago. This represents a payout ratio of 50% of the
A Harris win will be good for markets: OCBC  - THE EDGE SINGAPORE

US Presidential Race

A Harris win will be good for markets: OCBC

“This is the constant seen so far in 2024; nothing should be taken for granted.”
US June CPI data sets the stage for a September Fed rate cut: OCBC - THE EDGE SINGAPORE

US Economy

US June CPI data sets the stage for a September Fed rate cut: OCBC

Following the latest CPI data, markets are now expecting two Fed rate cuts this year, with the first possibly in September.

Broker's Calls

Bloomberg Intelligence: credit card operations to remain Singapore banks’ strength in the second half

UOB could see the biggest y-o-y growth in credit cards' contribution to total fee income in 2024 locally, says Bloomberg's Kwok.
As Great Eastern's free float falls below 10%, it may need to restore free float  - THE EDGE SINGAPORE

M&A

As Great Eastern's free float falls below 10%, it may need to restore free float

Two conditions are required for GEH to be delisted: a fair and reasonable offer, and 75% of acceptances.
OCBC Securities launches Singapore’s first AI stock-picker tool - THE EDGE SINGAPORE

Investing 101

OCBC Securities launches Singapore’s first AI stock-picker tool

Singapore’s first AI-powered stock-picker tool aims to triple the number of active Singapore young investors.
Bank of Singapore’s Hong Kong CEO outlines ‘ambitious’ 2026 AUM target - THE EDGE SINGAPORE

Banking & finance

Bank of Singapore’s Hong Kong CEO outlines ‘ambitious’ 2026 AUM target

BOS in Hong Kong plans to grow AUM by 50% by 2026 compared to end-2023 figures. Chan himself calls this an “ambitious” plan.
A reset, reboot and revalue from MSCI's 'killer blow' - THE EDGE SINGAPORE

Global Markets

A reset, reboot and revalue from MSCI's 'killer blow'

Many SGX companies have undergone structural transformation and the results are showing up in their share prices

Bonds and treasuries

Transition bonds: In the shadows of sustainable finance

Transition bonds can help in the uphill battle to achieve net zero by 2060
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