NRA Capital Pte Ltd

Written by: Lynn Look

Monday 4 May 2015

OCBC - 1Q15 results update

Record profit but weak core lending

BUY on weakness. OCBC shares are trading close to our fair value of S$11, arrived at after factoring in an average 3-year forward average ROE of 11% and valuing the shares at a 12% premium to market PER of 11X. As its ROE will not be accretive before FY17, investors can take their time to accumulate the shares on price weakness

Please login

Premium Content

Premium Content

This article requires a premium subscription. Click here to upgrade.

If you are not yet a registered member of NetResearch Asia, please click here to register before paying.

If you accessing this site though Lim&Tan's website and using Internet Explorer, please click here  to rectify access issues.

Access to this Web site is granted by NRA Capital Pte. Ltd. strictly on the terms and subject to the conditions set out hereunder. By entering into the Web Site, Subscriber is deemed to have accepted and agreed to be bound by the terms and conditions  set out hereunder.