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OCBC reports 12% rise in 3Q18 earnings to record $1.25 bilThis is slightly higher than the average estimate of $1.15 billion from three analysts, according to data from Refinitiv, formerly known as Thomson Reuters. Net interest income in the third quarter grew 9% to $1.51 billion from $1.38 billion a year ago, led by broad-based growth in customer loans of
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Broker's take: OCBC Investment Research upgrades CDL to 'buy', ups fair value estimate to S$10.73BROKERAGE OCBC Investment Research has upgraded its call on mainboard-listed City Developments Limited (CDL) to 'buy' and increased the fair value estimate from S$9.81 to S$10.73. The upgrade comes as negatives from property measures announced in July are priced in, with shares in the property developer now presenting value for investors. Read more at The Business Times.
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OCBC earnings up 12% to S$1.25b for Q3OCBC Bank turned a record net profit of S$1.25 billion for its third fiscal quarter in 2018, rising 12 per cent from the S$1.11 billion last year for the same period. Read more at The Business Times.
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A New Singapore Cabinet Could Propel Stocks Higher, OCBC SaysA younger Cabinet with tech- and media-savvy members would put more focus on making Singapore a “smarter” nation and may even cut corporate and personal taxes.
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