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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Oversea-Chinese Banking Corporation Limited    O39   SG1S04926220

OVERSEA-CHINESE BANKING CORPORATION LIMI

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Oversea Chinese Banking : 4Q Net Profit Rises 34% on Yeaer

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02/20/2020 | 07:07pm EDT

By Ronnie Harui

Oversea-Chinese Banking Corp.'s fourth-quarter net profit rose 34% on year, mainly driven by sustained earnings growth across its banking, wealth management and insurance businesses, it said Friday.

Net profit in the October-to-December quarter was 1.24 billion Singapore dollars (US$885.2 million), compared with S$926 million a year earlier, it said in a Singapore Exchange filing. The lender's net profit was expected at S$1.13 billion, according to a consensus estimate provided by FactSet.

OCBC's total income grew to S$2.92 billion in the fourth quarter from S$2.35 billion a year ago. Its net-interest income rose to S$1.61 billion from S$1.52 billion, while its non-interest income increased to S$1.31 billion from S$830 million.

The bank's net interest margin rose to 1.77% in fiscal 2019 from 1.70% in fiscal 2018.

OCBC's non-performing loans ratio edged lower to 1.45% at the end of 2019 from 1.49% a year earlier.

 

Write to Ronnie Harui at ronnie.harui@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
OVERSEA-CHINESE BANKING CORPORATION LIMITED 2.53% 8.93 End-of-day quote.0.34%
SINGAPORE EXCHANGE LIMITED 2.68% 9.58 End-of-day quote.2.46%
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Financials (SGD)
Sales 2019 10 572 M
EBIT 2019 6 074 M
Net income 2019 4 758 M
Debt 2019 -
Yield 2019 5,72%
P/E ratio 2019 7,96x
P/E ratio 2020 9,15x
Capi. / Sales2019 3,66x
Capi. / Sales2020 3,67x
Capitalization 38 719 M
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Oversea-Chinese Banking Co Technical Analysis Chart | O39 | SG1S04926220 | MarketScreener
Technical analysis trends OVERSEA-CHINESE BANKING CO
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 10,26  SGD
Last Close Price 8,81  SGD
Spread / Highest target 40,7%
Spread / Average Target 16,5%
Spread / Lowest Target -20,5%
EPS Revisions
Managers
NameTitle
Samuel Nag Tsien Group CEO & Non-Independent Executive Director
Sang Kuang Ooi Chairman
Siew Peng Tan Chief Financial Officer & Executive Vice President
Khiang Tong Lim Head-Group Operations & Technology
Pramukti Surjaudaja Non-Independent Non-Executive Director