That said, the team expects a double-digit decline on a q-o-q basis mainly due to seasonality where non-interest income tends to be weaker and operating expenses (opex) usually tick up.
The Singapore research team at RHB Bank Singapore has increased its target price on Oversea-Chinese Banking Corporation (OCBC) to $21.30 from $18.70 after meeting the bank’s management recently.
OCBC’s upcoming 4QFY2025 results, which will be released on the morning of Feb 25, is likely to come within guidance, the team writes. RHB has estimated OCBC’s FY2025 earnings to come in at $7.4 billion, implying a 2% y-o-y growth for the 4QFY2025. The expansion could see the “swiftest pace of expansion” in 2025 thanks to higher non-interest income.
