OCBC - DBS Research 2026-02-26: A Robust Capital Plan In The Works?

• OCBC (SGX:O39) is the only Singapore bank to guide for stable to improving income in FY26F, driven by double-digit growth in non-interest income, while confident of a mid-single digit loan growth.

Refocusing on growth engines.

• - Read this at SGinvestors.io -
• Management guiding for stable to improving ROE, driven by a stronger focus on higher-returning businesses while maintaining cost discipline with CIR at low to mid-40%.

Potential special dividends on the cards.

• Management reaffirmed a 50% dividend payout ratio. As management guides for stable to higher total income, potential for higher dividends comes via higher EPS. Should there be a revision in dividend policy to further enhance shareholder returns, this could be a rerating catalyst for OCBC's share price.
• - Read this at SGinvestors.io -

Takeaways from OCBC briefing

Next frontier of growth.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2026-01-30 OCBC - A Robust Capital Plan In The Works? .

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