Monday, February 21, 2011


OCBC: Other houses ratings, following grp’s 4Q10/FY10 Results.

Citi maintains Buy Call with $10.60 TP from $11.40, remain upbeat on top-line growth outlook into 2011, although pared forecastsby 3-6% largely on lower insurance income post the weaker 4Q performance.

Daiwa maintain Outperform with $10.80 TP, believe the 4Q10 performance revealed encouraging trends (such as strong loan-growth momentum and a stable NIM), and any results-related selldown would offer an opportunity, for investors to accumulate the shares.

UBS maintain Buy, (Key Call) with $11.30 TP, remain sanguine on stock as it is attractively priced and its wealth management franchise should help it achieve a stronger and more profitable profile.

DB maintain Buy with $10.40 TP, Tip that underlying trends better than the headline result, earnings trends likely to improve in 2011.

JPM maintains Overweight, note that 4Q10 misses the mark, further outperformance to be results led, prefer DBS in the sector.

BNP reiterate Buy, with $11.05 TP, tip that Earnings disappointed on weaker insurance income, Key positives: Strong loan traction and low credit charges.

DMG Upgrade to Buy, $10.60 from $9.60, noting that wealth management and loans outperformed. Share price underperformance vs its peers YTD, had made it more attractive.

No comments:

Post a Comment