- OCBC’s 3Q25 results are expected to be released on 7 Nov (see Earnings Calendar). We met recently with management for an update.
Expect mid-single-digit declines of 3Q25 PATMI y-o-y.
- - Read this at SGinvestors.io -
- We keep our call, as – despite expectations for softer FY25F PATMI – the 5.7% yield remains decent.
Loan growth dampened as uncertainties linger...
- OCBC's management has noted lingering uncertainty and cautiousness exhibited by customers due to the US tariffs situation, which dampened near-term loan growth. That said, it thinks customers planning to invest for the long term will likely continue with their plans, albeit just a matter of timing.
- - Read this at SGinvestors.io -
- Management highlighted that it has been involved in loan syndication for some of the global multinationals in key financial centres abroad. Domestically, mortgage has also been a bright spark, thanks to the sharp decline in the benchmark rate.
…but deposits have been healthy.
- Read more at SGinvestors.io.
