Brokers' take: Jefferies raises OCBC to 'buy', sees earnings, dividend cushion for trio

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Brokers' Take: Jefferies raises OCBCBank to 'buy', sees earnings, dividend cushion for trio

"The results reaffirm the resilient and stable nature of earnings which in turn is reflective of multiple earnings lever, buffers to mitigate asset quality deterioration and healthy capital position," said Mr Guha.

"While lower rates and ample liquidity may provide upside risk, recent oil price volatility may delay any expected recovery. While our concern on mergers and acquisitions overhang and excess capital still hold, we think the valuation of OCBC discounts those risks," said Mr Guha. While Mr Guha said recent oil price volatility might delay any expected recovery, UOB Kay Hian said in a report that banks have whittled down their exposures to the oil-and-gas sector through recoveries and write-offs.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 15. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인