OCBC 1Q26 Results Preview - RHB Research 2026-04-23: No Big Surprises Expected; BUY

• We recently met with management for an update. For OCBC’s upcoming 1Q26 results (out 8 May, see earnings calendar), we estimate PATMI to be marginally lower y-o-y due to NIM pressure but up by ~mid-single digits q-o-q as non-II rebounds from a seasonally slower 4Q.
• - Read this at SGinvestors.io -

Minimal direct exposure to Middle East.

• Minimal direct exposure to Middle East – at 2-3% of total loans, but visibility on second-and third-order impacts is low due to the various scenarios that could pan out. So far, management said it is still too early for downgrades and, hence, there have been no specific provisions (SP) relating to the Middle East.
• - Read this at SGinvestors.io -

NII is expected to track the guidance.

• 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/.

Previous report by RHB:
2026-02-25 OCBC - Keep Focus On Growth Opportunities; 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