0019 GMT - Investors who are disappointed with United Overseas Bank's 3Q results could rotate into shares of Oversea-Chinese Banking Corp. for a value play, says Citi's Tan Yong Hong in a note. OCBC's 3Q results were solid, beating estimates on higher noninterest income and lower provisions, he says. The Singapore lender's wealth management segment saw robust momentum, he notes, adding that deposits growth of 11% on year was ahead of peers. He expects OCBC's stock to react favorably to the earnings. Citi maintains its neutral rating and target price at S$16.80. Shares last closed 0.1% higher at S$17.19. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 06, 2025 19:19 ET (00:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments