OCBC is the most well capitalised bank in Singapore

Friday, July 17, 2009

OCBC is a prime beneficiary of the rebound in sales of private residential properties. It has the largest exposure to property developers, with building & construction accounting for 20.8% of total loans in 1Q09 (DBS: 14.1%, UOB: 12.5%).

We expect low probability of negative surprises from marked-to-market losses for non-participating funds at Great Eastern given an improvement in sentiment in the equity market. In Malaysia, Great Eastern will be able to distribute insurance products through OCBC’s extensive branch network due to the liberalisation of the financial sector.

OCBC is the most well capitalised bank in Singapore with tier-1 capital adequacy ratio (CAR) at 15.1%. Given that the worst is likely behind us in terms of a Gross Domestic Product (GDP) contraction, OCBC could utilise surplus capital for reactivation of its share buyback programme.


Click here for more Banks and Financial Institutes Technical Analysis

Sponsored Links



Related Posts by Categories



Labels:

Comments

No response to “OCBC is the most well capitalised bank in Singapore”
Post a Comment | Post Comments (Atom)

Post a Comment

Disclaimers

These articles are neither an offer nor the solicitation of an offer to sell or purchase any investment. Its contents are based on information obtained from sources believed to be reliable and we make no representation and accepts no responsibility or liability as to its completeness or accuracy. We share them here as they are very informative, we claim no rights to these articles. If you own these articles, and do not wish to share it here, please do inform us by putting a comment and we will remove them immediately. We do not have any intentions to infringe any copyrights of yours. This is a place to keep record on the analyst recommendation for our own future references. We hope this serves as a record in the future, also make them searchable. We bear no responsibility for any profit, loss generated from these reports.
 
Citrus Pink Blogger Theme Design By LawnyDesignz Powered by Blogger