|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.79 - 16.99|
|52 Week Range||12.17 - 19.37|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||11.74|
|Forward Dividend & Yield||0.61 (3.49%)|
|Ex-Dividend Date||Aug 13, 2021|
|1y Target Est||N/A|
SINGAPORE (Reuters) -Singapore lenders Oversea-Chinese Banking Corp and United Overseas Bank beat profit estimates, driven by recovery in core markets, but their sequential performance slowed sharply, underscoring challenges to maintain growth. Prospects in Singapore's banking sector have improved as a rebounding economy has boosted demand for mortgages and loans, while booming markets bolstered the wealth management business. At the same time, OCBC and UOB joined global peers such as HSBC and Standard Chartered in signalling strong asset quality after last year's huge provisions in the face of the coronavirus pandemic.
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.
Philippine stocks rocketed to a nine-month high after a shock interest rate cut. Gain exposure to the country's stocks with these ETFs.