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OCBC Buy Case Bolstered by Share Price, Profit Outlook -- Market Talk

OCBC Buy Case Bolstered by Share Price, Profit Outlook -- Market Talk

华侨银行买入案例受到股价和利润前景的支撑-市场对话
Dow Jones Newswires ·  2021/11/05 04:20

0808 GMT - Oversea-Chinese Banking Corp. continues to be a buy for RHB Research, which notes multiple positive share-price catalysts for the lender and solid profit outlook. RHB expects OCBC's stock to get a boost from the improving macro outlook, rising dividends and the recovery of its net interest margin, which the broker projects will happen in later 2022. It notes that OCBC's 3Q net profit grew 19% on year to S$1.22 billion, as a pickup in loan growth momentum and lower allowances helped. These factors should persist, prompting the broker to increase its net profit estimates for OCBC by 2%-3% for 2021-2023 and raise the stock's target price to S$15.10 from S$14.30. Shares rise 0.8% to S$11.97. (yongchang.chin@wsj.com)

0808GMT-华侨银行(Overseas-Chinese Banking Corp.)继续收购RHB Research，该公司指出，对这家银行来说，多个积极的股价催化剂和稳健的利润前景。RHB预计，华侨银行的股价将受到宏观前景改善、股息上升以及净息差回升的提振，该经纪商预计，这将在2022年晚些时候发生。它指出，华侨银行第三季度净利润同比增长19%，至12.2亿新元，这得益于贷款增长势头的增强和较低的津贴。这些因素应该会持续，促使该经纪商将华侨银行2021-2023年净利预估上调2%-3%，并将该股目标价从14.30新元上调至15.10新元。股价上涨0.8%，至11.97新元。(yongchang.chin@wsj.com)

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