DBS has maintained guidance for cumulative credit costs in 2020-21 at 80-130bp (S$3b-5b), while that for OCBC is 100-130bp (S$2.5b-3.5b). RHB on Thursday upgraded OCBC to "buy" from "neutral", with a higher target price (TP) of S$12.50 from S$9.50 previously. This is contributed by two key factors: Firstly, OCBC recorded a growth in fees & commission-based income which are sourced from wealth management activities, loan-related, and credit card services. Find the latest OCBC Bank (O39.SI) stock quote, history, news and other vital information to help you with your stock trading and investing. OCBC Share Price, Glove/PPE makers: Oversea-Chinese Banking Corporation (OCBC) is gaining momentum in its post-pandemic recovery, with analysts across six research houses recommending “buy” or “add” on the bank. OCBC has demonstrated consistently strong performance over the past five years, with share prices rising steadily from 2016 until reaching a peak of $13.80 in April 2018. It was even higher than in Sep 2019 ( $11.12 ) where financial performance was S$4.96b in profits, as compared to $3.6 billion net profits in 2020 ( $11. OCBC has achieved a CAGR of 7.8% in non-interest income over the last 10 years. OCBC Bank has broken $10.50 resistance recently. Across the board, OCBC has received a consensus rating of ‘buy’ from 21 analysts polled by Bloomberg as of 08 September 2020. OCBC's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1621. RHB on Thursday upgraded OCBC to "buy" from "neutral", with a higher target price of S$12.50 from S$9.50 previously. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Dow juz dropped 130 pts last nite, so sg stocks will open gap down in the morning presenting some buying opportunities . OCBC beat our expectations due to a combination of resilient fee income, robust net trading income, lower credit costs and growth in contribution from associate Bank of Ningbo. According to CGS-CIMB, the target price for OCBC is $9.04. And guess what the share price shot up instead of coming down.. Could be. ocbc now 983 , may fall to hit 974 today to bounce. Analysts’ average target price on OCBC stood at S$10.80, and 12 out of 21 analysts recommended ‘buy’. OCBC is optimistic that credit costs for 2020-21 could gravitate towards the bottom-end of management’s guidance at 100bp. SINGAPORE (Feb 25): DBS Group Research is maintaining its “buy” call on Oversea-Chinese Banking Corporation (OCBC) with a lower target price of $12.90, from $13.20 previously. Jamie Lee leejamie@sph.com.sg@JamieLeeBT. Price Targets with Substantial Upside / Downside Potential, Average Target Price & Fair Value Recommendations, STI Constituents Price Targets & Stock Ratings, Price Target with Substantial Upside/Downside Potential, Latest Share BuyBack On Market Transactions, Upcoming Dividends / Rights / Share Entitlements. Download PDF. We believe the improved business momentum in January observed across all Singapore banks is likely to be sustained, amidst the more optimistic economic environment and improved sentiment. SingTel Share Price, Publication Date. Price Target: 29.200 View the most recent target price / fair value estimation changes @ Analysts Say > Latest Price Targets & Stock Ratings Target Price Analyst Rating Fair Value Price Target Price broke out of key descending trend line, a test of our buy entry could present an opportunity to go long and play to our take profit target. do u all think OCBC will reduce their dividend payout? For DBS, we estimate 2020 provisions at S$3.1b, and to drop to S$1.6b in 2021. In other words, OCBC shares trade at around 14x recent earnings. ShareJunction is a FREE Singapore Stocks, Shares, Investment and Finance portal providing share, stock investors and traders forum, charts, news, email alerts, price quotes and market data for … OCBC's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. UG Healthcare Share Price Price broke out of key descending trend line, a test of our buy entry could present an opportunity to go long and play to our take profit target. OCBC Securities Private Limited 18 Church Street #01-00, OCBC Centre South, Singapore 049479. Target Price Analyst Rating Fair Value Price Target. Market Cap*. This $10.50 resistance is also the Ascending Triangle resistance. OCBC Target Price. 37 !) May touch 11.50 in mid july, Individual or Group chat with anyone on I3investor, Oversea-Chinese Banking Corp Ltd - Emerging With Capital Strength, OCBC Bank 4Q20 Update - Reversal in NIM Compression, OCBC - Looking Forward to More Normal Scenarios, OCBC - Share Price to See Support; Upgrade to BUY, Oversea-Chinese Banking Corp Ltd – Better Credit Outlook, Oversea-Chinese Banking Corp (OCBC) - Net Profit Forecast for 2021 Raised Due to Lower Credit Costs, Phillip Capital Morning Note - 11 Mar 2021, Singapore REITs Sector – Volatility Expected Given Bond Yields Spike, Amara Holdings buys Surrey Point for $47.8 mil, Daily Futures Trading Strategy 11 March 2021 (Foreign Market), UMS - [Rebound In Progress, Some Of Our Targets ]. At least two other research houses also raised their targets on the counter. Possible to reduce slightly if earning drops, Looks like will hit 11 and above. LION-OCBC Global Income 2021 Fund SGD Class: 1.0390: 05/03/2021: LION-OCBC Global Income 2021 Fund USD-Hedged Class: 1.0490: 05/03/2021: Lion-OCBC income Fund SGD II (dist) 0.9600: 05/03/2021: Lion-OCBC income Fund SGD III (dist) 1.0240: 05/03/2021: Lion-OCBC income Fund SGD(Distribution) 0.9670: 05/03/2021: Lion-OCBC income Fund USD-Hedged(Distribution) 0.9730: 05/03/2021 *At the time of publication. ‘We prefer OCBC to UOB as we believe OCBC provides better share price upside at current levels on cheaper valuation’, she wrote. At least two other research houses also raised their targets on the counter. 3. View the most recent target price / fair value estimation changes @ Analysts Say > Latest Price Targets & Stock Ratings. Maybank Kim Eng (Maybank KE), which has a "buy" call on OCBC, raised its target to S$12.74 from S$12.24. please also join us for US, Malaysia etc. So, watch for reversal candles when OCBC Bank get close to about $10.26 and $10.30. OCBC just restored their previously suspended scrip dividends, it is likely they need more equity to enhance Balance Sheet to accomodate Wing Hang purchase. how come ocbc sec giving TP 7.26 for ocbc bank ? ... account lets you take advantage of the falling price by borrowing shares to sell first then buying them back later at a target price. Hours into sgxswinger call, ocbc falls to 972 to bounce as predicted above, closing 980. year end bull is coming, yahoo. You will need to make your own independent judgment regarding the analysis. Overall direction is bullish for me now as long as prices holds above the trend line and a break above the immediate ressistance at 8.69 could see prices push higher. What this means is that the assets held by OCBC are currently worth more than the total value of the company. OCBC Investment Research has cut its target price for Singapore's Cache Logistics Trust to S$1.11 from S$1.19, while keeping its buy rating, to reflect the private placement of new units. FTSE ST Indices & STI Constituents Share Price, DBS Share Price , Medtecs Share Price, OVERSEA-CHINESE BANKING CORP Target Price. 14.680. OCBC: 1 Mar: Phillip Securities: $10.99: $13.65: Buy: GGM: Yangzijiang: 1 Mar: UOB … Sri Trang Agro-Industry Share Price Bloomberg Code. Source of the report is credited at the end of article whenever reference is made. RHB Group Research upgraded OCBC to “buy” from “neutral” with a higher target price of $12.50 from $9.50. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. Recomendation**. Tue, Mar 17, 2020 - 10:10 AM. The stock also has a consensus 12-month target price of S$9.87, which represents a 13.6% upside from the last traded price of S$8.69. … Promotion ends on 31 March 2021. The company is currently trading at $8.91. Overall OCBC performance was worser than Singapore's overall performance in Covid. Top Glove Share Price OCBC's PEG ratio. Rights Issue ? Have a failcover if you accidentally short sell. Last Price: Avg Target Price: Upside/Downside: Price Call: 11.40: 11.57 +0.17 (1.49%) * If the reversal does happen, the Symmetrical Triangle support will become resistance to confirm the successful breakout with price target of $8.70. Over the past 5 years, Q&M Dental share price has been declining gradually (not suitable for trading then), partly due to slower growth in company businesses and bearish market sentiment for small cap stocks. UOB Share Price, Stock analysis for Oversea-Chinese Banking Corp Ltd (OCBC:Singapore) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Broker's Take: DBS cuts target prices for OCBC, UOB on credit cost pain. Riverstone Share Price Open Price Target Price Upside/Downside Price Call Source; 01/03/2021: 10.98: 13.65 +2.67 (24.32%) BUY: PHILLIP CAPITAL: 24/02/2021: 10.63: 12.74 +2.11 (19.85%) BUY: Maybank Kim Eng: 24/02/2021: 10.63: 12.52 +1.89 (17.78%) BUY: CIMB: 09/01/2021: 10.62: 12.52 +1.90 (17.89%) BUY: CIMB: 27/11/2020: 11.50: 12.52 +1.02 (8.87%) BUY: CIMB: 24/11/2020: 10.20: 11.10 +0.90 (8.82%) BUY: DBS: … If this is a real breakout, price target for OCBC Bank is about $11.10. Target Price*. markets http://www.i3investor.com/servlets/stk/3508.jsp. With CET-1 CAR at 15.2%, which is substantially higher than its target range of 12.5-13.5%, there is room for dividends to fully normalise to pre-COVID-19 levels. It increased from S$2.0 billion in 2007 to S$4.2 billion in 2017. Overall direction is bullish for me now as long as prices holds above the trend line and a break above the immediate ressistance at 8.69 could see prices push higher. I3investor offers stock market blogs, news, live quotes, price charts, price target, stock forum, watchlist, portfolio tools and more. During pandemic, its share price dropped to only half of peak price ($0.80+), the lowest was below $0.40. Our higher target price of S$27.60 and S$12.50 for UOB and OCBC represents ~1.04x FY22F price-to-book value as we roll over to higher return on equity (ROE) assumptions in FY22F. Last week, OCBC was upgraded by CGS-CIMB to “add” from “hold” with its shares now trading at a price-to-book (PB) value of 0.83.