0440 GMT - Oversea-Chinese Banking Corp.'s 2025 earnings growth appears to be on shaky ground, CGS International analysts write in a note. They expect OCBC to report 1Q total income of S$3.58 billion, down 1.3% on year. Net interest income likely softened, as net interest margins could be compressed further, fully reflecting the impact of the Fed's rate cuts in the final months of last year, they say. CGS International has cut its 2025 to 2027 earnings per share forecast for OCBC by 5.2%, 4.9% and 5.1% respectively, given a dampened economic outlook. The brokerage also downgrades the stock's rating to hold from add and cut the target price to S$17.20 from S$19.50. Shares are up 0.3% at S$16.64.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 00:40 ET (04:40 GMT)
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