OCBC: GEH’s weaker 4Q results means analysts have to adjust their forecast for OCBC’s 4Q net profit down by ~10%. Still, this may be less of a concern, given the strong underlying business trends at GE. The upstreaming of cash to OCBC is also a positive, and may help improve its capital adequacy ratios, which under Basel III, can be rather punitive for OCBC.
OCBC’s results due 18 Feb.
No comments:
Post a Comment