OCBC - RHB Research 2026-02-25: Keep Focus On Growth Opportunities; Upgrade To BUY

• With a solid balance sheet, positive earnings momentum – especially on its wealth – and reasonable valuations and dividend yield, we upgrade OCBC (SGX:O39) to BUY.
• OCBC’s 4Q25 results met expectations. Of note was 4Q y-o-y earnings growth turned positive on robust non-II, vs peers that reported y-o-y contraction. The bank will return any unutilised portion of its share buyback plan via special dividends, which will be done in FY26.

4Q25 earnings in line.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Results highlights.

• 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/.

Read also RHB's most recent report:
2026-04-23 OCBC 1Q26 Results Preview - No Big Surprises Expected; 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