OCBC Likely Focusing on Next Growth Engines

Dow Jones07-09 13:09

0509 GMT - OCBC's new strategy likely involves focusing on the next growth engines, DBS Group Research's Rui Wen Lim says in a report. These include deepening the bank's core market franchise across Singapore and Hong Kong, as well as refreshed strategies within Asean domestic markets, the analyst says. Management is guiding for stable-to-improving return on equity, driven by a stronger focus on higher-return businesses, while maintaining cost discipline with a cost-to-income ratio in the low- to mid-40%, the analyst notes. DBS Group Research raises the stock's target price to S$30.00 from S$25.50 to reflect higher growth expectations, with an unchanged buy rating. Shares rise 1.4% to S$27.17. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 01:09 ET (05:09 GMT)

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DBS Group Research raises the stock's target price to S$30.00 from S$25.50 to reflect higher growth expectations, with an unchanged buy rating. Shares rise 1.4% to S$27.17. 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