Oversea-Chinese Banking Corporation (OCBC)

Broker's Calls

Special dividend from DBS, share buyback programme by UOB in CGSI’s forecasts ahead of FY2024 results

DBS will announce its results on Feb 11, followed by UOB on Feb 19 and OCBC on Feb 26.

Broker's Calls

Morningstar raises target prices on all three Singapore banks by 3%-6%

The Fed may be more likely to hold than to cut US interest rates, and this shift in stance may help maintain margins.

Broker's Calls

Jefferies raises target prices, EPS forecasts on Singapore’s three banks, assumes $2 bil buybacks each next year

Jefferies analysts have upgraded UOB and OCBC to “buy”, in line with DBS.
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.
GEH-OCBC offer update: no requirement to announce level of acceptances - THE EDGE SINGAPORE

Finance

GEH-OCBC offer update: no requirement to announce level of acceptances

Under SFA, there is no requirement for OCBC to announce level of acceptances for GEH

Banking & finance

OCBC prices US$750 mil of tier 2 subordinated notes with 4.602% p.a. coupon

The notes are expected to be rated A2 by Moody’s, BBB+ by Standard & Poors and A by Fitch Ratings. They will be issued on June 15.
Lion Global Investors to provide retail investors access to 'private banking' solutions - THE EDGE SINGAPORE

Funds

Lion Global Investors to provide retail investors access to 'private banking' solutions

Curated Portfolios were previously available only to LGI's high-net-worth clients.

Results

OCBC posts 6% drop in 3Q earnings to $1.17 bil as swelling provisions offset higher lending, wealth management income

SINGAPORE (Nov 5): Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.17 billion for the 3Q19 ended September, some 6% lower than the $$1.25 billion recorded a year ago.

Broker's Calls

CGS-CIMB keeps UOB as top bank sector pick despite underperforming NIM expansion

SINGAPORE (June 3): CGS-CIMB Research is keeping United Overseas Bank (UOB) as its top pick among the Singapore banks, despite the bank’s NIM expansion underperforming compared to its peers.
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