OCBC Bank's stock price reaches a new high, peaking at 18.97 yuan in early trading | Lianhe Zaobao
OCBC Bank's stock price continued to rise in the morning of December 3rd after reaching an all-time high on December 2nd, peaking at 18.97 yuan, before slightly retreating to 18.91 yuan. Although it has underperformed compared to the Straits Times Index and DBS Group this year, it has shown strong momentum since November. The head of Macquarie Capital's ASEAN equity research pointed out that the rise in stock price is driven by the strong performance of its wealth management business and the potential for increased dividends in 2026
OCBC Bank's stock price continued to rise in the early trading session on Wednesday (December 3) after hitting a record high on Tuesday (December 2), soaring to as much as SGD 18.97.
As of 1:07 PM, OCBC Bank's stock price slightly retreated to SGD 18.91.
Despite underperforming the FTSE Straits Times Index and the largest local bank stock DBS Group this year, OCBC's stock has shown strong growth since November, continuously narrowing the gap.
Jayden Vantarakis, head of ASEAN equity research at Macquarie Capital, pointed out that the rise in OCBC's stock price is mainly driven by strong performance in wealth management and the potential for increased dividends in 2026.
Further Reading
OCBC Bank sells 3.51% stake in Yongying Fund for SGD 18 million OCBC's stock price once rose 3.6% Huang Bijuan: Focus on asset growth to ensure income
Jayden said, "We believe there is still room for its stock price to narrow the gap with DBS Group."
Driven by capital inflows, the local stock market has been continuously setting records this year, becoming a safe haven for funds amid global trade tensions and the prospect of interest rate cuts by the Federal Reserve. The three major local banks have also benefited from wealth management and trading fee income as key weighted stocks in the index.
Looking ahead to 2026, Sarah Jane Mahmud, an analyst at Bloomberg Industry Research, predicted in a report last month that wealth management fees for Singapore's three major banks will be the main driver of revenue growth. This year, this revenue has grown by an average of 34%, with OCBC leading the way
