OCBC

OCBC: 3Q net profit likely +21.9% YoY at $548.7m according to consensus estimates. Investors will be eyeing loan growth, especially in SME sector and progress on state of private bank. Net-interest income expected to be weak, so trading and fee income will need to account for mortgage earnings shortfall. Morgan Stanley note corporate and SME loans likely to benefit from pickup in system lending. Results due during midday trading break Monday