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OCBC Bank
Broker's Calls
Late cycle dynamics limit upside, JP Morgan stays 'neutral' on DBS
Among Singaporean banks, JP Morgan continues to prefer OCBC and UOB.
February 28, 2023
Broker's Calls
RHB maintains 'buy’ on OCBC Bank amid expectations of a stable 4QFY2022
The RHB analysts expect the bank to post a net profit of $1.55 billion for the quarter, down an estimated 3.5% q-o-q.
January 25, 2023
Broker's Calls
Singapore banks' share prices to drop on higher NPL, says JPMorgan
JPMorgan expects that NPLs will weigh on Singapore's banks' share prices
January 13, 2023
Broker's Calls
JPMorgan upgrades OCBC to ‘overweight’, raises TP to $14
JPMorgan thinks the upcoming results briefing is a good window for OCBC to clearly communicate their capital allocation policy.
January 11, 2023
Company in the news
OCBC opens 20,000 sq ft lifestyle and banking space at Wisma Atria, its second-largest after OCBC Centre
A third of the branch’s floor area is dedicated to retail, including a 10-seater omakase restaurant.
November 25, 2022
Singapore economy
Recessionary risks still abound in increasingly 'two-sided economy': Analysts
Maybank economists have raised the probability of a recession over the next 12 months to 12% as of this month, from 9% in October.
November 23, 2022
Zest
OCBC to raise flagship OCBC 360 account interest rates up to 7.65%
The revised rates mark an all-time high for the bank
October 31, 2022
Broker's Calls
Economists see manufacturing outlook dropping to 3.0% for the full year
RHB's Barnabas Gan has downgraded his manufacturing outlook to 3.0% in 2022 from 4.0% previously.
October 28, 2022
Broker's Calls
Expect 'accelerated net interest margin expansion' as DBS, OCBC report 3QFY2022 results: UOBKH
UOB, DBS and OCBC will be releasing their results on Oct 28, Nov 3 and Nov 4 respectively.
October 27, 2022
Singapore economy
Further MAS tightening still on the table for April 2023 with core inflation still elevated in September, say analysts
Analysts from OCBC, Citi, UOB and RHB are keeping their predictions of further tightening from the MAS at the next scheduled MPS.
October 26, 2022