OCBC: Seeing a wave of upgrades amg Foreign Houses, notably Morgan Stanley (TP: $10.4 , Duetsche (TP: $10.40), Daiwa ($10.40), Macquarie (TP: $11.30) and JP Morgan maintaining Outperform rating on stock prior to its results release on 1st Nov….
Highlight Great Eastern stellar results to already contribute $83m to grp’s quarter profits, suggesting a much stronger grp outcome for 3Q10, while bank’s exposure to higher-margin Asean markets would help to offset the expected weak profitability of its Core SG markets.
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