Singapore Stock Market News

OCBC Bank - Notes from CEO luncheon

StockFanatic
Publish date: Fri, 13 Feb 2015, 01:36 PM
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We hosted OCBC CEO Mr Samuel Tsien for post results investor lunch. The tone of the discussions was optimistic, with positive read-through for NIMs in a rising rate environment, continued uplift in synergies from Wing Hang and consistent CET1 accretion.

The stock stays our top pick within Singapore banks. Key reasons we see to own the stock include consistent organic build-up of capital and possible early closing of gap with peers; and NIM pick-up due to 44% CASA.
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