In a Thursday report, analyst Leng Seng Choon notes that while the group’s earnings for 2Q were mainly lifted by higher profit from its its life assurance and wealth management segments, he assumes for the strong performance in Great Eastern Holdings’ (GEH) portfolio not to persist.
SINGAPORE (July 28): RHB is remaining “neutral” on Oversea-Chinese Banking Corporation (OCBC) with a higher target price of $10.96 from $10.22 previously after the bank yesterday posted a 22% rise in earnings to $1.1 billion for the quarter ended June, coming in slightly above the research house’s expectations.
