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Oversea-Chinese Banking Corp (OCBC)
Results
OCBC 3QFY2024 net profit up 9% y-o-y, 2% q-o-q to $1.97 billion
The earnings beat consensus estimates of around $1.9 billion.
20 days ago
Banking & finance
OCBC shares open higher following Sunday’s disruption
Some users had been unable to access OCBC’s website and mobile banking services on Sept 1.
September 02, 2024
Banking & finance
S’pore banks signal pivot to fee income, fixed-rate loans, cash flow hedges as rate cuts loom
Rising and declining interest rates are both double-edged swords for the local banks.
August 22, 2024
Banking & finance
OCBC turns defensive to ‘protect interest income’ as rate cuts loom
“We haven’t seen high interest rates for so long, but, of course, one day it will come down.”
August 07, 2024
Broker's Calls
Citi downgrades DBS, OCBC, UOB to ‘sell’ as first signs of US contraction emerge
Citi Research says investors should “unwind their overweight positions”.
August 05, 2024
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
August 02, 2024
Finance
GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months
The GEH offer has closed and shares are to be suspended, but OCBC will continue to accept offers for a further three months.
July 12, 2024
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.
June 06, 2024
Asean
Chinese firms with ‘China+N’ strategy looking into prospects in Malaysia, Indonesia: OCBC China CEO
Many Chinese firms are considering the suitability of expanding into Malaysia and Indonesia, and not just Vietnam and Thailand.
May 29, 2024