$OVERSEA-CHINESE BANKING CORP(O39.SI)$ is the most undervalued and oversold of the 3 Singapore banks. It recently faced some headwinds of banking scam but has weathered the storm reasonably well.
With interest rates rising and a hot property market, OCBC should do well in the 2nd half of 2022.
The Financial Analysts have rated OCBC as a Buy with Target Price of between 14.22and 14.40.
The latest earnings report showed that OCBC was 35% better in profits in 2021 compared to 2022.
I intend to keep $OVERSEA-CHINESE BANKING CORP(O39.SI)$ in my long term portfolio as I believe it is a strong and reliable bank with an excellent management team. It also pays steady dividends year after year, a good source of passive income.
Go Long Go Strong Go OCBC!
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Good to accumulate and TP at $18 to 20 (By Q3 2022)
Check it out
[smile]