Oversea-Chinese Banking Corporation Ltd last = 11 SGD 1w: -0.3 (-2.7%)
% vs. spot / Price1M6M12MLT(2Y)LT(3Y)
Target Price (consensus)0.9%2.8%---
Upside (Bull Case)0.9%2.8%---
Downside (Bear Case)-----
History
Forecast
Buy/Sell Recommendations
RankN/S0*1*2*3*4*5*
Strong Buy       
Buy       
Hold       
Sell       
Strong Sell       
Data Analysis (Mid - Long term)
Company plot
[Positive]

I maintain Buy rating as OCBC shows strong performance underpinned by broad-based growth across the group's key businesses and markets, along with modest increase in overhead expenses. Loan growth is caused by higher housing loans, other consumer-related loans, general commerce as well as loans to the financial sector across China, Singapore, Indonesia and Malaysia. Also the group continued to register new highs in wealth management fee income and AUMs, boosted by synergies from the acquisition of Barclay's wealth business in Asia last year.