- OCBC (SGX:O39)'s FY25 core-earnings were behind MIBG expectations.
- Operationally, OCBC is well positioned to benefit from strong domestic and regional growth drivers. Its new ‘Next Frontier’ strategy positions the Group towards ASEAN growth yet lacks visibility on deliverable targets, while the probability of excess capital returns to shareholders is falling. This would lower medium-term yields vs FY25.
Stable operational outlook
- - Read this at SGinvestors.io -
- 4Q insurance income was 2.2x y-o-y. Wealth fees +26% y-o-y – the fastest among peers, partly thanks to One Group synergies delivering.
- - Read this at SGinvestors.io -
‘Next Frontier’ strategy is light on targets
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Thilan Wickramasinghe Maybank Research | https://www.maybanktrade.com.sg/ 2026-02-25
Read also Maybank's most recent report:
2026-08-08 OCBC Bank - Strategy Execution Should Drive Higher ROE. BUY.
Previous report by Maybank:
2026-05-08 OCBC - Riding The Next Frontier; Upgrade To BUY.
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
