To The Moon

🌟🌟🌟OCBC $ocbc bank(O39.SI)$  Q2 25 report reminded us why this bank is more than just another blue chip name.  Amid margin pressures and global headwinds, it delivered solid beats on profit and showcased growth in fee income, all while reaffirming a generous dividend that anchors investor confidence.

Q2 25 Earnings Highlights 

Net profit of SGD 1.82 billion was down YoY but topped consensus estimates by 2%.

Net interest income slipped 6% to SGD 2.28 billion as NIM narrowed to 1.92%.  However Management still targets 1.90% to 1.95% for 2025.

Non interest income jumped 5%, led by wealth management fees as Assets Under Management hit a record SGD 310 billion, an increase of 11%.

Asset quality stays rock solid with Non Performing loan ratio at 0.90% and credit allowances modestly up to SGD 326 million.

Analysts Expectations 

Most analysts penciled in around SGD 1.78 billion in Q2 25 profit.  OCBC's SGD 1.82 billion exceeded their expectations.  OCBC earned mostly a Hold rating.

Guidance calls for a mid single digit loan growth, cost to income ratio in the low 40s range and credit costs of 20 to 25 BP this year, reflecting caution on trade tensions and rate moves. 

Is OCBC Undervalued?

At SGD 16.79 per share, OCBC yields 5%, comfortably above its peers.

With a 60% payout ratio which includes special dividends and buybacks, fortress grade capital and diversified income streams, OCBC's valuation offers a margin of safety for patient, income focused investors like me.

Bonus : Tiger Brokers SG60 Promotion

From now until 17 October, you can trade OCBC and other SGX stocks, SReits, DLCs and SDRs under Tiger Brokers SG60 promotion:

Zero custody fees to hold Singapore stocks without extra charges 

Zero commission on all SG trades 

Exciting prizes for the Top 100 SG traders to win exciting prizes and stock vouchers. 

Anchoring Your Portfolio with OCBC 

In times of shifting tides and market turbulence, $ocbc bank(O39.SI)$  stands as a beacon of prudence and purpose.  Its Q2 resilience, coupled with fee driven growth and steady dividends, make it more than just a holding.  It is a conviction that OCBC will continue to grow slow and steadily with a long term horizon. 

Seize this moment and leverage Tiger Brokers SG60 promotion to optimise your entry point and let OCBC anchor your portfolio through the storms ahead, to reap rewards ultimately. 

Go Long Go Strong Go OCBC! 😍😍😍🇸🇬🇸🇬🇸🇬🌈🌈🌈💰💰💰

@Tiger_comments  @Tiger_SG  @TigerStars  @Daily_Discussion  @CaptainTiger  @TigerClub