0228 GMT - OCBC's stronger noninterest income should support higher profits over the next few years, says RHB Research's Singapore Research team in a note. The Singapore lender's 3Q noninterest income rose to a new quarterly high on robust wealth and customer treasury flows. While the bank expects a narrower net interest margin this year, thanks to another likely U.S. Fed rate cut this year, this outlook is likely cushioned by a refined credit cost guidance of 20 bps, the analysts say. Investors likely have to wait for the lender's 4Q results for capital-management plan updates. RHB Research raises its 2025, 2026, and 2027 PATMI estimates by 3%, 1% and 1%, respectively. RHB also lifts the stock's target price to S$18.70 from S$17.50 but maintains its neutral rating. Shares add 0.8% to S$17.93.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 09, 2025 21:28 ET (02:28 GMT)
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