|Bid||10.73 x 0|
|Ask||10.73 x 0|
|Day's Range||10.72 - 10.83|
|52 Week Range||10.36 - 12.19|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||9.95|
|Earnings Date||Nov 1, 2019|
|Forward Dividend & Yield||0.50 (4.71%)|
|1y Target Est||13.94|
If you want to know who really controls Oversea-Chinese Banking Corporation Limited (SGX:O39), then you'll have to...
* U.S. curve inverts for first time in 12 years * Singapore hurt by losses in financial sector * Vietnam claws back ground to end 1.1% higher By Soumyajit Saha Aug 15 (Reuters) - Most Southeast Asian stock markets ended lower on Thursday, tracking a global downturn in equities as an inversion in the U.S. bond yield curve triggered recession fears, while the Vietnam index closed at its highest in two weeks. Risk appetite was all but eradicated as the inversion came shortly after economic data showed China's industrial output growth cooling to a more than 17-year low, pointing towards a slowdown in Southeast Asia's biggest trading partner. Adding to market uncertainty, no trade concessions were made by Beijing following the postponement of 10% tariffs on over $150 billion worth of Chinese imports by U.S. President Donald Trump, senior U.S. officials said on Wednesday.
Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state. The government cut its forecast range for gross domestic product in Singapore - often seen as a bellwether for global growth because international trade dwarfs its domestic economy - to zero to 1% from its previous 1.5%-2.5% projection. Singapore's downgrade adds to concerns globally about the effect of increasing protectionism on exports and production.
Singapore's Oversea-Chinese Banking Corp Ltd reported steady earnings and profit jumped at United Overseas Bank in the second quarter, with improved margins and loan growth providing support in a slowing economy. Analysts however expect Singapore banks' performance to weaken as a decline in interest rates and the faltering economy put pressure on the sector's profit and revenue growth after three strong years. "While economic growth in our key markets is slowing, our healthy capital, funding and liquidity position will allow us to comfortably navigate the challenging operating environment and pursue our long-term growth strategy," OCBC CEO Samuel Tsien said in a statement on Friday.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bank of Singapore Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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