He has also raised his earnings forecast by 3% for FY2023 after factoring in the strong 1QFY2023 performance.
Analysts are mixed on Oversea-Chinese Banking Corporation (OCBC) (SGX:O39
) after it reported a record set of earnings for the 1QFY2023 ended March 31. The bank’s quarterly earnings stood at a record of $1.88 billion, which was up by 39% y-o-y and 44% q-o-q.
UOB Kay Hian analyst Jonathan Koh is the most upbeat among the analysts featured with his unchanged “buy” call and higher target price of $17.32, from $16.80 before.
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