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Q3 Earnings Review: How to grab the opportunities?
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joined discussion11/08/2022 11:09

Following 3QFY2022 results, analysts divided on OCBC's net interest margin outlook

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Some analysts see a stable outlook ahead for Oversea-Chinese Banking Corporation (OCBC Bank) following its results for 3QFY2022 ended September, with mid-single digit loan growth within reach in the final quarter of the year.

$Industrial Bank(601166.SH)$ analysts are the most bullish among research houses here, maintaining “buy” on OCBC with a higher target price of $15 from $13.90 previously. The new target price represents a 25% upside from a share price of $12.04.

Meanwhile, Maybank Research analyst Thilan Wickramsinghe thinks both margins and funding costs are set to rise.

On the other hand, $CGS(06881.HK)$ CGS-CIMB Research analysts Andrea Choong and Lim Siew Khee think OCBC’s conservative NIM guidance spells compression in the coming year, such as when the US Fed pauses or cuts rates.
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