Singapore Stock Market News
OCBC - Decent core gets insurance boost
StockFanatic
Publish date: Tue, 05 Aug 2014, 02:21 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Smaller positives include:
1) fee incomes that managed to stay flat qoq,
2) flat margins, and
3) low provisions that still benefited from recoveries.
OCBC is our non-consensus top pick of the sector.
We maintain our Add rating and S$11.01 GGM-based target price (1.4x CY14 P/BV). A review of estimates is likely. Potential catalysts stem from strong fee income.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Post removed.Why?
2014-08-05 16:07