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.

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Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2025-01-23 SGinvestors.io

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