OCBC's Pivot on Capital Returns Provides Flexibility -- Market Talk

Dow Jones09:41

0141 GMT - Oversea-Chinese Banking Corp.'s pivot on capital returns provides flexibility this year, says Macquarie Capital's Jayden Vantarakis in a note. The Singapore lender delivered the best 4Q result among its peers, led by solid revenue generation, he says. OCBC said it now prefers special dividends to buybacks for distributing excess capital. Vantarakis says this sets the bank up for another year of around 60% dividend payout ratio, higher than the lender's guidance, given uncertainty around buyback deployment. The lender's common equity tier 1 target also opens up potential for further capital returns from 2027, he adds. Macquarie Capital raises its target price on the stock to S$23.82 from S$21.50 and maintains its outperform rating, noting OCBC is its top sector pick. Shares rise 0.1% to S$21.42. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 25, 2026 20:41 ET (01:41 GMT)

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Vantarakis says this sets the bank up for another year of around 60% dividend payout ratio, higher than the lender's guidance, given uncertainty around buyback deployment. The lender's common equity tier 1 target also opens up potential for further capital returns from 2027, he adds. Macquarie Capital raises its target price on the stock to S$23.82 from S$21.50 and maintains its outperform rating, noting OCBC is its top sector pick. Shares rise 0.1% to S$21.42. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2026 20:41 ET (01:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OCBC's Pivot on Capital Returns Provides Flexibility -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOCBC's Pivot on Capital Returns Provides Flexibility -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-26 09:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0141 GMT - Oversea-Chinese Banking Corp.'s pivot on capital returns provides flexibility this year, says <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital's Jayden Vantarakis in a note. The Singapore lender delivered the best 4Q result among its peers, led by solid revenue generation, he says. OCBC said it now prefers special dividends to buybacks for distributing excess capital. Vantarakis says this sets the bank up for another year of around 60% dividend payout ratio, higher than the lender's guidance, given uncertainty around buyback deployment. The lender's common equity tier 1 target also opens up potential for further capital returns from 2027, he adds. Macquarie Capital raises its target price on the stock to S$23.82 from S$21.50 and maintains its outperform rating, noting OCBC is its top sector pick. Shares rise 0.1% to S$21.42. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2026 20:41 ET (01:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999013353.USD","symbol_name":"SCHRODER ASIAN INCOME FUND\"A\" (USDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2614106905","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614106905","pubTimestamp":1772070060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0141 GMT - Oversea-Chinese Banking Corp.'s pivot on capital returns provides flexibility this year, says Macquarie Capital's Jayden Vantarakis in a note. 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Oversea-Chinese Banking Corp.'s pivot on capital returns provides flexibility this year, says Macquarie Capital's Jayden Vantarakis in a note. The Singapore lender delivered the best 4Q result among its peers, led by solid revenue generation, he says. OCBC said it now prefers special dividends to buybacks for distributing excess capital. Vantarakis says this sets the bank up for another year of around 60% dividend payout ratio, higher than the lender's guidance, given uncertainty around buyback deployment. The lender's common equity tier 1 target also opens up potential for further capital returns from 2027, he adds. Macquarie Capital raises its target price on the stock to S$23.82 from S$21.50 and maintains its outperform rating, noting OCBC is its top sector pick. Shares rise 0.1% to S$21.42. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 25, 2026 20:41 ET (01:41 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2614106905","isCrawlerRequest":true}