OCBC Shares Hit New Intra-Day Record at $18.43

TigerNews SG11-11

On November 11, shares of Oversea-Chinese Banking Corporation (OCBC) rose by 24 cents, or 1.32%, surpassing the previous record-high close of $18.19 set on November 10.

At 9:44 am on November 11, OCBC shares reached a new intra-day peak of $18.43, with a 9% increase in value over the past week.

On November 7, OCBC reported a group net profit of $1.98 billion for the third quarter of fiscal year 2025, ending September 30, marking a 0.2% year-on-year increase.

Similarly, shares of DBS Group Holdings hit a record intra-day high of $55.59 on November 7, following its announcement of a record pre-tax profit of $3.48 billion, a 1% year-on-year rise, and a declared total payout of 75 cents per share for the quarter.

While DBS shares saw a pullback on November 10, they climbed by $1.80, or 3.4%, to $55 at 9:35 am on November 11.

United Overseas Bank (UOB) shares broke a two-day losing streak since November 7, rebounding by 37 cents, or 1.1%, to $34.05 at 9:35 am on November 11. However, UOB reported a net profit of $443 million for the third quarter, a decline of 67% quarter-on-quarter and 72% year-on-year due to substantial provisions for commercial real estate.

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