OCBC Bank - RHB Research 2025-10-21: Focus To Turn To 2026 Outlook

OCBC Bank: Expecting A Weaker 2H25; Focus To Turn To 2026 Outlook

Published:
OCBC (SGX:O39) | SGinvestors.io
  • 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



Previous report by RHB:
2025-08-04 OCBC Bank - NIM Dampener; Stay NEUTRAL.

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






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