- OCBC‘s total income for Q2 2024 is S$3.63 billion, surpassing the estimate of S$3.5 billion.
- Net interest income stands at S$2.43 billion.
- Non-interest income is reported at S$1.20 billion.
- The common equity tier 1 ratio is at 15.5%.
- Total capital adequacy ratio reaches 17.9%.
- Tier 1 ratio is recorded at 16.2%.
- Net interest margin is 2.2%.
- Allowances for loans and other assets amount to S$144 million.
- Analyst recommendations include 6 buys, 10 holds, and 1 sell.
OCBC on Smartkarma
Analysts on Smartkarma, a platform for independent investment research, have been closely monitoring OCBC (Oversea-Chinese Banking Corporation Limited). Notably, David Blennerhassett provided key insights in his analysis ‘(Mostly) Asia-Pac M&A’ where he focused on various companies including Namoi Cotton, Great Eastern, GAPack, Nihon, Chilled & Frozen, and Shinko Electric. Blennerhassett’s research highlighted a bullish sentiment in the Asia-Pacific market, detailing the annualised spreads and changes in deal discussions on Smartkarma. The report discusses 49 transactions with a focus on upcoming events for each deal and updates on companies like QANTM Intellectual Property, Adbri, and L’Occitane.
A look at OCBC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilising Smartkarma Smart Scores foresee a promising long-term outlook for Oversea-Chinese Banking Corporation Limited (OCBC). With strong scores in Dividend, Growth, and Momentum factors, OCBC shows resilience and positive momentum in the financial sector. The company’s robust dividend offering coupled with consistent growth potential positions it favorably for investors seeking reliability and growth.
As a comprehensive financial services provider, OCBC thrives in various sectors including deposit-taking, lending, investment banking, and asset management. With solid ratings in key areas, OCBC demonstrates stability and growth opportunities, making it a compelling choice for investors looking for a well-rounded financial institution with a positive outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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