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Oversea-Chinese Banking Corporation Limited (OCBC)
Broker's Calls
OCBC’s results for 4QFY2023 should not surprise, but dividends may: RHB
OCBC is slated to release its results for the 4QFY2023 and FY2023 on Feb 28.
January 29, 2024
Broker's Calls
OCBC’s new AT1 subordinated perpetual notes may have tightening potential: Bloomberg Intelligence
OCBC announced its new perps on Jan 10 while UOB Malaysia announced its debut Islamic debt on Jan 25.
January 25, 2024
Broker's Calls
Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks
The analysts foresee that 2024 will mark an inflection downward for most Asean banks.
January 10, 2024
Zest
OCBC prices $450 mil perpetual capital securities first callable in 2029
As at 9.56am, shares in OCBC are trading 8 cents lower or 0.62% down at $12.80.
January 10, 2024
Singapore economy
Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty
Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.
January 04, 2024
Singapore economy
Analysts see brighter outlook for Singapore in 2024 after better-than-expected 4Q2023 GDP
The analysts estimate that Singapore's GDP in 2024 will expand from 2.0% to 3.0%.
January 03, 2024
Broker's Calls
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
OCBC is analyst Jonathan Koh’s top pick due to its commitment to maintaining its 50% dividend payout ratio.
January 02, 2024
Anti-money laundering
OCBC sues money laundering suspect for $19.7 mil
Southeast Asia’s second-largest bank filed a claim against Su Baolin, a Cambodian passport holder, last month.
December 01, 2023
Broker's Calls
OCBC remains RHB’s top pick after 3QFY2023 results
The team estimates the sector to see earnings growth of 26% for the FY2023.
November 30, 2023
New appointments
OCBC appoints Wang Ke as CEO of Hong Kong office
The CEO of OCBC China, Ang Eng Siong, and Kelvin Lou, the CEO of OCBC Macau, will report to Wang.
November 29, 2023