share_log

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

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)

これらの内容は、情報提供及び投資家教育のためのものであり、いかなる個別株や投資方法を推奨するものではありません。 更に詳しい情報
    コメントする