OCBC's Insurance Business Likely to Boost Earnings Visibility -- Market Talk

Dow Jones05-11

0639 GMT - Oversea-Chinese Banking Corp.'s base earnings visibility is likely to be stronger, as its insurance business shifts to higher-margin products, Maybank Securities' Thilan Wickramasinghe says in a note. The Singapore bank's 1Q noninterest income was partly supported by its insurance income, which rose 34% on year, he notes. Maybank raises its 2026-2028 noninterest income forecast for OCBC by 11% to 16%. It also upgrades OCBC's stock rating to buy from hold and raises its target price to S$24.45 from S$21.69. Shares are 2.9% higher at S$22.55.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 11, 2026 02:39 ET (06:39 GMT)

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It also upgrades OCBC's stock rating to buy from hold and raises its target price to S$24.45 from S$21.69. 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The Singapore bank's 1Q noninterest income was partly supported by its insurance income, which rose 34% on year, he notes. Maybank raises its 2026-2028 noninterest income forecast for OCBC by 11% to 16%. It also upgrades OCBC's stock rating to buy from hold and raises its target price to S$24.45 from S$21.69. Shares are 2.9% higher at S$22.55.(amanda.lee@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  May 11, 2026 02:39 ET (06:39 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":"LU0572939691.SGD","symbol_name":"Janus Henderson Horizon Asian Dividend Income A2 SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634047021","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634047021","pubTimestamp":1778481540,"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":"0639 GMT - Oversea-Chinese Banking Corp.'s base earnings visibility is likely to be stronger, as its insurance business shifts to higher-margin products, Maybank Securities' Thilan Wickramasinghe says in a note. 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Oversea-Chinese Banking Corp.'s base earnings visibility is likely to be stronger, as its insurance business shifts to higher-margin products, Maybank Securities' Thilan Wickramasinghe says in a note. The Singapore bank's 1Q noninterest income was partly supported by its insurance income, which rose 34% on year, he notes. Maybank raises its 2026-2028 noninterest income forecast for OCBC by 11% to 16%. It also upgrades OCBC's stock rating to buy from hold and raises its target price to S$24.45 from S$21.69. 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