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Some analysts see astable outlookahead for Oversea-Chinese Banking Corporation (OCBC Bank) following its results for 3QFY2022 ended September,with mid-single digit loan growth within reach in the final quarter of the year.
$Industrial Bank (601166.SH)$analysts are themost bullishamong research houses here, maintaining“buy”on OCBC with a higher target price of$15from $13.90 previously. The new target price represents a25% upsidefrom a share price of $12.04.
Meanwhile, Maybank Research analyst Thilan Wickramsinghe thinksboth margins and funding costs are set to rise.
On the other hand,$CGS (06881.HK)$CGS-CIMB Research analysts Andrea Choong and Lim Siew Khee thinkOCBC’s conservative NIM guidance spells compression in the coming year, such as when the US Fed pauses or cuts rates.
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