Stock Analysis: OCBC Bank | Lianhe Zaobao
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OCBC Bank recommends a neutral target price of 16.8 yuan, with a closing price of 17.04 yuan (+1.128%). It is expected that its non-interest income performance will outperform other local banks, as its insurance subsidiary Great Eastern reported better-than-expected performance in the third quarter, with a year-on-year net profit growth of 36%. Investors are focused on the bank's capital management policy, with an expected dividend per share of 1.01 yuan for the fiscal year 2025. The new president will take office in January 2026, at which point a clearer capital management policy will be established
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