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Oversea-Banking Chinese Corp (OCBC)
Broker's Calls
Analysts mixed on S’pore banks amid impending rate cuts, DBS named top pick
CLSA maintains their “overweight” call, while RHB remains “neutral”.
August 26, 2024
Digital Economy
MAS, banks and tech companies to jointly work on quantum security
MAS and participating banks will experiment with Quantum Key Distribution (QKD) solutions jointly provided by SPTel and SpeQtral.
August 14, 2024
M&A
OCBC's final offer of $25.60 for GEH is 'not fair but reasonable' says EY; advises shareholders to accept
EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.
June 14, 2024
M&A
Income Insurance and Allianz hold 'transaction' talks, latest possible Singapore insurance M&A
This news follows OCBC’s $1.4 bil offer to fully acquire Great Eastern, and Sumitomo’s acquisition of Singlife.
June 14, 2024
Banking & finance
Banks’ earnings estimates for 1Q2024 relatively muted
Analysts are cautious in estimating 1Q2024 net profit for the banks, with all 3 to be down y-o-y
April 23, 2024
Broker's Calls
RHB increases OCBC’s TP to $13.90, expects lower 1QFY2024 patmi y-o-y
The brokerage is remaining “neutral” on the bank due to higher interest rates and income pressures.
April 18, 2024
Singapore economy
SMEs in Singapore remain contractionary for fifth consecutive quarter: OCBC
SMEs in Singapore remain contractionary for fifth consecutive quarter: OCBC
April 16, 2024
Anti-money laundering
MAS launches information-sharing platform to combat financial crime; six commercial banks participate
The platform, named COSMIC, allows FIs to share customer information if there are “red flag” behaviours.
April 01, 2024
Obituary
'Simply unique': Wee Cho Yaw (1929–2024)
'My father has left an indelible mark. He has been a source of inspiration for me in all aspects of my life'
February 05, 2024
Banking & finance
DBS on track to hit $10 billion target but challenges lie ahead, especially from geopolitics
Still, DBS is expected to maintain FY2023’s record performance in FY2024.
November 08, 2023