OCBC - RHB Research 2025-01-23: 4Q Earnings Could Drop Double Digits; All Eyes On Dividend & Capital Management Plans

• We recently met OCBC (SGX:O39) for an update. For its upcoming 4Q24 results 🗓️, we learnt that broad trends should be in line with guidance. Stay NEUTRAL with S$16.80 target price, 1% downside from the current OCBC's share price and ~5% FY25F yield.
• - Read this at SGinvestors.io -

Expecting weaker 4Q24 earnings sequentially.

• - Read this at SGinvestors.io -
• impact from US Federal Funds Rate (FFR) cuts in 4Q24 should start to be felt.

Asset growth to help cushion NIM pressure.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-11-10 OCBC Bank - Awaiting Updates On Capital Management.

Previous report by RHB:
2025-10-21 OCBC Bank - Focus To Turn To 2026 Outlook.

Price targets by 4 other brokers at OCBC Target Prices.

Listing of research reports at OCBC Analyst Reports.

Relevant links:
OCBC Share Price History,
OCBC Announcements,
OCBC Dividend Payout Dates & Corporate Actions,
OCBC News