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Oversea-Banking Chinese Corp (OCBC)
Zest
DBS on track to hit $10 billion target but challenges lie ahead, especially from geopolitics
Still, DBS is expected to maintain FY2023’s record performance in FY2024.
November 08, 2023
Commodities
DBS, OCBC maintains oil forecast of above US$85/bbl and US$90/bbl respectively with upside bias following Gaza conflict
Unless the conflict reaches a much bigger scale involving multiple parties, DBS believes US$100/bbl levels are unsustainable.
October 10, 2023
Broker's Calls
UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks
UOBKH’s alpha picks portfolio beat the STI by 4.7 ppts, “overcoming weak investor sentiment in September”.
October 02, 2023
Cybersecurity
DBS latest bank to roll out anti-scam measures, after OCBC and Citi
DBS will restrict app access when it detects potential security risks.
September 26, 2023
Zest
OCBC becomes first bank in Singapore to offer cross-border payments for customers through Alipay+
This partnership is OCBC’s latest cross-border payments collaboration, following its partnership with UnionPay earlier this year.
September 19, 2023
Company in the news
FCT reports portfolio occupancy of 98.7% for 3QFY2023
FCT's portfolio occupancy for 3QFY2023 is at 98.7%, 1.6 ppts higher y-o-y.
July 25, 2023
Offshore & Marine
Seatrium secures $1.04 bil green trade finance facility from OCBC
The facility is one of the largest syndicated financing solutions issued by a single bank for the maritime industry.
July 12, 2023
Zest
MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements
Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.
June 21, 2023
Singapore economy
Manufacturing weakness shrinks Singapore economy growth forecast for 2023
Market watchers have reduced their median forecast for manufacturing for the 2023 to a decline of 1.3%.
June 16, 2023
Broker's Calls
CGS-CIMB analysts reshuffle ESG stock picks to include OCBC, remove ComfortDelGro and DBS
CGS-CIMB Research analysts say that their ESG portfolio has outperformed the STI and SGXSULE by 25% and 26%.
May 11, 2023