|Bid||11.79 x 0|
|Ask||11.80 x 0|
|Day's Range||11.76 - 11.87|
|52 Week Range||8.36 - 11.96|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||14.76|
|Earnings Date||May 06, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.32 (2.70%)|
|Ex-Dividend Date||May 12, 2021|
|1y Target Est||13.94|
Rating Action: Moody's affirms OCBC Wing Hang Bank's A1/P-1 deposit ratings; outlook stableGlobal Credit Research - 04 Feb 2021Hong Kong, February 04, 2021 -- Moody's Investors Service has affirmed OCBC Wing Hang Bank Limited's (OCBC Wing Hang) long-term local currency and foreign currency deposit ratings at A1 with a stable outlook.Moody's has also affirmed OCBC Wing Hang's Baseline Credit Assessment (BCA) at a3 and adjusted BCA at a1.A full list of the affected ratings and assessments is provided at the end of the press release.RATINGS RATIONALEThe affirmation of OCBC Wing Hang's a3 BCA reflects the bank's strong capitalization, sound asset quality metrics, satisfactory liquidity and adequate profitability. It also reflects Moody's expectation that mild challenges to the bank's asset quality and profitability in 2021 are manageable despite the difficult operating environment in Hong Kong SAR triggered by coronavirus-related disruptions.Moody's expects OCBC Wing Hang to maintain good asset-quality metrics, underpinned by its prudent risk management, focus on mid to large-size borrowers and small portion of loans under relief measures.
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Singapore's top lenders, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd, reported declines in quarterly profits on Thursday, hit by lower net interest income, but the results still came in above analysts' estimates. DBS, Southeast Asia's biggest lender, posted a 20% fall in net profit to S$1.30 billion ($951 million) from S$1.63 billion a year earlier. Chief Executive Officer Piyush Gupta said in a statement that he expected a strong economic rebound in Asia from a low base to support mid-single-digit loan growth and double-digit fee income growth in 2021.