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We recently met with OCBC (SGX:O39)’s management for an update. For its upcoming results (out 7 Aug), we estimate 2Q26 PATMI could reflect mid single-digit y-o-y growth, but the q-o-q increase could be more modest.
- - Read this at SGinvestors.io -
Expecting healthy loan growth while NIM pressure could ease.
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OCBC posted y-o-y and annualised loan growth of 8% and 7% in 1Q26, both tracking ahead of its mid-single-digit guidance. We gathered that the momentum in 2Q remains solid, underpinned by housing loans plus loans towards sectors such as telecommunications, media and technology, as well as logistics. That said, we await the results briefing to see if the 1H run rate is strong enough to prompt an upgrade in guidance by management.
- - Read this at SGinvestors.io -
Non-II to drive income expansion.
- 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/ 2026-07-09
Previous report by RHB:
2026-05-28 OCBC Bank - Solid All Rounder; Keep 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
