$OCBC Bank(O39.SG)ContextOCBC's third quarter profit rose 3% and beat expectations and it raised its 2026 loan growth ou…
$OCBC Bank(O39.SG)
Context
OCBC's third quarter profit rose 3% and beat expectations and it raised its 2026 loan growth outlook even though weaker investment performance at its insurance arm Great Eastern held back group profit while banking operations hit a record. It was the only local bank to meet expectations this quarter.
My trade
I bought in mid 2025 mainly for the dividends. The position is still in the green even after the pullback from the peak.
Takeaway
The results were solid but the dividend yield is only about 3.5%, below what I look for and still pricier than UOB. I will only consider adding if the price falls further.
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