In particular, interest margins have likely peaked in the current cycle, with little room for loan repricing in the fourth quarter. However, OCBC’s growth strategy, which involves capturing rising Asian wealth, supporting increasing trade and investment flows, unlocking value from new economy through digitisation, and driving sustainability, aims to achieve a 13%-14% Return on Equity (ROE) by 2025, but there are limited catalysts to drive this growth for now. First, the 3Q23 results were mostly on par with the consensus, and there was a slight improvement in the Net Interest Margin (NIM) from the previous quarter. Lim Rui Wen’s Hold rating for OCBC’s stock (OVCHF) is influenced by several factors. In a report released on November 10, Lim Rui Wen from DBS maintained a Hold rating on OCBC ( OVCHF – Research Report), with a price target of S$13.70.
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