- 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.
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/.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2025-10-21
Read also RHB's most recent report:
2026-05-28 OCBC Bank - Solid All Rounder; Keep BUY.
Previous report by RHB:
2026-05-11 OCBC Bank - Good Start To The Year Despite Defensive Actions.
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
