PhillipCapital's Glenn Thum is maintaining "buy" on OCBC with an unchange target price of $14.22
"Our FY2022F estimates remain unchanged. Catalysts include lower provisions and higher interest income as economic conditions improve. OCBC is our preferred pick among the three banks due to attractive valuations, upside in dividend from a 15% CET-1 and lower provisioning as the Indonesian and Malaysian economies recover," writes Thum.
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