OCBC's Insurance Business Likely to Boost Earnings Visibility -- Market Talk

Dow Jones
05/11

0639 GMT - Oversea-Chinese Banking Corp.'s base earnings visibility is likely to be stronger, as its insurance business shifts to higher-margin products, Maybank Securities' Thilan Wickramasinghe says in a note. The Singapore bank's 1Q noninterest income was partly supported by its insurance income, which rose 34% on year, he notes. Maybank raises its 2026-2028 noninterest income forecast for OCBC by 11% to 16%. It also upgrades OCBC's stock rating to buy from hold and raises its target price to S$24.45 from S$21.69. Shares are 2.9% higher at S$22.55.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

May 11, 2026 02:39 ET (06:39 GMT)

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