In a report released on January 4, Adrian Loh from UOB Kay Hian maintained a Buy rating on Oversea-Chinese Banking (OVCHF – Research Report), with a price target of S$18.28. The company’s shares closed last Tuesday at $8.84.
According to TipRanks, Loh is ranked #4978 out of 8180 analysts.
Currently, the analyst consensus on Oversea-Chinese Banking is a Strong Buy with an average price target of $11.16, representing a 26.24% upside. In a report released yesterday, RHB Capital also maintained a Buy rating on the stock with a S$15.00 price target.
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OVCHF market cap is currently $41.6B and has a P/E ratio of 11.15.
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Oversea-Chinese Banking Corp. Ltd. engages in the provision of financial and banking services. It operates through the following business segments: Global Consumer or Private Banking; Global Corporate or Investment Banking, Global Treasury and Markets, Insurance, OCBC Wing Hang, and Others. The Global Consumer or Private Banking segment offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. The Global Corporateor Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading, and structured treasury products. The Insurance segment offers fund management as well as life and general insurance. The OCBC Wing Hang segment engages in commercial banking activities. The Others segment includes property and investment holding operations. The company was founded in 1932 and is headquartered in Singapore.
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