OCBC Rated BUY at $17.22: Why? | The Investing Iguana π¦
π© Hey there, Iggy the Investing Iguana here, and today, I've got an exciting stock pick for you! In this video, I'll be diving into why Oversea-Chinese Banking Corp, or OCBC, has earned a "BUY" rating with a target price of S$17.22. As the 8th ranked "Influential Tiger" by Tiger Brokers with over 370,000 reads, I'm here to share my insights on what makes OCBC a compelling investment opportunity. So, buckle up and get ready to discover why this Singapore banking giant is a stock you won't want to miss! $OVERSEA-CHINESE BANKING CORP(O39.SI)$
In this video, Iggy the Investing Iguana, ranked 8th "Influential Tiger" by Tiger Brokers with over 370,000 reads, dives into why Oversea-Chinese Banking Corp (OCBC) has earned a "BUY" rating with a target price of S$17.22. Iggy breaks down the key factors that make OCBC a compelling investment opportunity, including:
-Strong earnings growth despite challenges in the insurance business
-High earnings quality with improving loan loss coverage
-Highest CET-1 CAR among Singapore banks at 15.9%
-Attractive dividend yield of 6.5% for 2024
-Strategic initiatives aimed at capturing growth in Asia
-Incremental revenue target of S$3 billion over the next three years
-Bite-sized acquisitions to accelerate growth in ASEAN
Whether you're a seasoned investor or just starting out, this video provides valuable insights into one of Singapore's leading banks. Join Iggy as he explores the reasons behind OCBC's "BUY" rating and what it could mean for your portfolio.
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