OCBC Likely to Post Decent 2Q Earnings

Dow Jones07-09 10:52

0252 GMT - Oversea-Chinese Banking Corp. is likely to post decent earnings in 2Q, RHB Research analysts say in a report. The Singapore bank's 2Q loan growth momentum is expected to remain solid, partly supported by housing loans. Wealth momentum has also likely been sustained amid the continued deployment of funds by customers across all wealth segments. This is positive for both wealth fees and customer flow trading income, RHB says. RHB raises the stock's target price to 29.80 Singapore dollars from S$26.20, while maintaining a buy rating. Shares are 1.5% higher at S$27.19.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

July 08, 2026 22:52 ET (02:52 GMT)

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