Oversea-Chinese Banking Future Growth

Future criteria checks 0/6

Oversea-Chinese Banking is forecast to grow earnings and revenue by 0.8% and 3.2% per annum respectively. EPS is expected to grow by 1.1% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

0.8%

Earnings growth rate

1.1%

EPS growth rate

Banks earnings growth	7.4%
Revenue growth rate	3.2%
Future return on equity	12.0%
Analyst coverage	Good
Last updated	01 Sep 2024

Recent future growth updates

Recent updates

Oversea-Chinese Banking's (SGX:O39) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 05

Oversea-Chinese Banking's (SGX:O39) Dividend Will Be Increased To SGD0.42

Apr 24

Here's Why Oversea-Chinese Banking (SGX:O39) Has Caught The Eye Of Investors

Feb 28

Oversea-Chinese Banking's (SGX:O39) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 07

Is Now The Time To Put Oversea-Chinese Banking (SGX:O39) On Your Watchlist?

Jul 19

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To SGD0.40

Apr 04

Here's Why We Think Oversea-Chinese Banking (SGX:O39) Might Deserve Your Attention Today

Apr 03

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To SGD0.40

Feb 27

If EPS Growth Is Important To You, Oversea-Chinese Banking (SGX:O39) Presents An Opportunity

Dec 14

Oversea-Chinese Banking's (SGX:O39) Upcoming Dividend Will Be Larger Than Last Year's

Aug 08

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To S$0.28

Apr 07

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To S$0.28

Mar 24

Oversea-Chinese Banking's (SGX:O39) Upcoming Dividend Will Be Larger Than Last Year's

Mar 10

Here's Why I Think Oversea-Chinese Banking (SGX:O39) Might Deserve Your Attention Today

Feb 23

Oversea-Chinese Banking's (SGX:O39) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 09

Should Oversea-Chinese Banking Corporation Limited (SGX:O39) Be Part Of Your Dividend Portfolio?

Feb 18

Do Institutions Own Oversea-Chinese Banking Corporation Limited (SGX:O39) Shares?

Jan 14

Earnings and Revenue Growth Forecasts

SGX:O39 - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	14,677	7,527	N/A	N/A	13
12/31/2025	14,285	7,345	N/A	N/A	14
12/31/2024	14,147	7,435	N/A	N/A	13
6/30/2024	13,273	7,358	1,601	2,144	N/A
3/31/2024	12,991	7,124	N/A	N/A	N/A
12/31/2023	12,774	7,021	-5,951	-5,414	N/A
9/30/2023	12,804	7,007	N/A	N/A	N/A
6/30/2023	12,038	6,523	-10,303	-9,816	N/A
3/31/2023	11,732	6,215	N/A	N/A	N/A
12/31/2022	10,702	5,526	-872	-393	N/A
9/30/2022	10,337	5,124	N/A	N/A	N/A
6/30/2022	9,737	4,743	-14,238	-13,797	N/A
3/31/2022	9,569	4,667	N/A	N/A	N/A
12/31/2021	9,723	4,812	-12,323	-11,880	N/A
9/30/2021	9,691	4,963	N/A	N/A	N/A
6/30/2021	9,481	4,766	5,087	5,503	N/A
3/31/2021	9,016	4,336	N/A	N/A	N/A
12/31/2020	8,096	3,533	1,802	2,186	N/A
9/30/2020	8,611	3,638	N/A	N/A	N/A
6/30/2020	8,755	3,784	1,785	2,172	N/A
3/31/2020	9,387	4,277	N/A	N/A	N/A
12/31/2019	9,981	4,810	4,958	5,326	N/A
9/30/2019	9,411	4,533	-4,221	-3,871	N/A
6/30/2019	9,573	4,606	-102	209	N/A
3/31/2019	9,519	4,592	-1,409	-1,096	N/A
12/31/2018	9,413	4,473	-5,564	-5,267	N/A
9/30/2018	9,728	4,538	-7,216	-6,933	N/A
6/30/2018	9,495	4,401	-17,284	-17,004	N/A
3/31/2018	9,223	4,242	N/A	-14,505	N/A
12/31/2017	8,856	3,983	N/A	-24,618	N/A
9/30/2017	8,268	3,760	N/A	-28,733	N/A
6/30/2017	8,045	3,586	N/A	-19,517	N/A
3/31/2017	7,824	3,421	N/A	-23,598	N/A
12/31/2016	7,763	3,414	N/A	-10,119	N/A
9/30/2016	7,998	3,568	N/A	6,951	N/A
6/30/2016	7,902	3,536	N/A	7,626	N/A
3/31/2016	8,083	3,699	N/A	14,634	N/A
12/31/2015	8,234	3,846	N/A	10,879	N/A
9/30/2015	8,012	3,678	N/A	757	N/A
6/30/2015	8,412	4,006	N/A	-5,753	N/A
3/31/2015	8,181	3,879	N/A	-6,257	N/A
12/31/2014	7,983	3,785	N/A	-10,582	N/A
9/30/2014	7,738	3,676	N/A	-18,353	N/A
6/30/2014	7,059	3,205	N/A	-23,160	N/A
3/31/2014	6,632	2,881	N/A	-28,019	N/A
12/31/2013	6,354	2,678	N/A	-31,604	N/A
9/30/2013	6,324	2,608	N/A	-22,996	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: O39's forecast earnings growth (0.8% per year) is below the savings rate (2.2%).

Earnings vs Market: O39's earnings (0.8% per year) are forecast to grow slower than the SG market (10% per year).

High Growth Earnings: O39's earnings are forecast to grow, but not significantly.

Revenue vs Market: O39's revenue (3.2% per year) is forecast to grow slower than the SG market (3.7% per year).

High Growth Revenue: O39's revenue (3.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: O39's Return on Equity is forecast to be low in 3 years time (12%).

Oversea-Chinese Banking Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target raised to S$12.35

Recent updates

Oversea-Chinese Banking's (SGX:O39) Shareholders Will Receive A Bigger Dividend Than Last Year

First half dividend of S$0.44 announced

Second quarter 2024 earnings released

Oversea-Chinese Banking Corporation Limited Announces Interim One-Tier Tax Exempt Dividend for the Financial Year Ending 31 December 2024, Payable on 23 August 2024

Oversea-Chinese Banking Corporation Limited (SGX:O39) acquired additional 5.08% stake in Great Eastern Holdings Limited (SGX:G07) for approximately SGD 620 million.

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Oversea-Chinese Banking's (SGX:O39) Dividend Will Be Increased To SGD0.42

Final dividend increased to S$0.42

Full year 2023 earnings: EPS misses analyst expectations

Oversea-Chinese Banking Corporation Limited, Annual General Meeting, Apr 30, 2024

Here's Why Oversea-Chinese Banking (SGX:O39) Has Caught The Eye Of Investors

OCBC Appoints Seth Tan as its China Unit's New Head of Corporate Banking

Oversea-Chinese Banking Corporation Limited to Report Q1, 2024 Results on May 10, 2024

Third quarter 2023 earnings released

Ocbc Announces Management Changes

High number of new directors

Oversea-Chinese Banking Corporation Limited Appoints Seck Wai Kwong as Non-Executive and Independent Director, Member of Audit Committee and Member of Risk Management Committee, Effective September 4, 2023

Oversea-Chinese Banking's (SGX:O39) Shareholders Will Receive A Bigger Dividend Than Last Year

Oversea-Chinese Banking Corporation Limited Announces Interim One-Tier Tax Exempt Dividend for the Financial Year Ending 31 December 2023, Payable on 25 August 2023

Second quarter 2023 earnings: Revenues exceed analyst expectations

OCBC Appoints Mike Ng as New Group Chief for Sustainability Effective August 1, 2023

Is Now The Time To Put Oversea-Chinese Banking (SGX:O39) On Your Watchlist?

First quarter 2023 earnings released: EPS: S$1.68 (vs S$1.21 in 1Q 2022)

Upcoming dividend of S$0.40 per share at 6.4% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To SGD0.40

Here's Why We Think Oversea-Chinese Banking (SGX:O39) Might Deserve Your Attention Today

Independent Non-Executive Chairman exercised options to buy S$2.1m worth of stock.

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To SGD0.40

Full year 2022 earnings released: EPS: S$1.27 (vs S$1.07 in FY 2021)

Oversea-Chinese Banking Corporation Limited Announces Appointment of Helen Wong Pik Kuen as Executive Director

Oversea-Chinese Banking Corporation Limited Announces the Cessation of Ooi Sang Kuang to Be a Member of the Audit Committee, Effective 31 January 2023

Oversea-Chinese Banking Corporation Limited to Report Q3, 2023 Results on Nov 10, 2023

Oversea-Chinese Banking Corporation Limited to Report Fiscal Year 2022 Results on Feb 24, 2023

Oversea-Chinese Banking Corporation Limited Announces Cessation of Fwee Joo Yeow as Non-Executive and Independent Director

Oversea-Chinese Banking Corporation Limited Announces Management Changes

If EPS Growth Is Important To You, Oversea-Chinese Banking (SGX:O39) Presents An Opportunity

Oversea-Chinese Banking Corporation Limited Announces Executive Changes

OCBC Bank Announces Executive Changes, Effective 1 January 2023

Third quarter 2022 earnings: EPS exceeds analyst expectations

OCBC Bank Appoints Sunny Quek as Head of Global Consumer Financial Services

OCBC Bank Announces Chief Financial Officer Changes

High number of new directors

Oversea-Chinese Banking Corporation Limited Announces Cessation of Tan Ngiap Joo as Non-Executive and Non-Independent Director and Member of Audit Committee

Oversea-Chinese Banking Corporation Limited Appoints Melvyn Low as Head for Global Transaction Banking

Oversea-Chinese Banking Corporation Limited Appoints Donald MacDonald as Head for Group Data Office

Oversea-Chinese Banking's (SGX:O39) Upcoming Dividend Will Be Larger Than Last Year's

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Oversea-Chinese Banking Corporation Limited Announces Interim One-Tier Tax Exempt Dividend for the Financial Year Ending 31 December 2022, Payable on 25 August 2022

Oversea-Chinese Banking Corp Appoints Donald Macdonald as Head for Group Data Office

Oversea-Chinese Banking Corporation Limited Announces Appointment of Lee Hwee Boon as Head of Group Human Resources

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of S$0.28 per share

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To S$0.28

Oversea-Chinese Banking Corporation Limited to Report Q3, 2022 Results on Nov 04, 2022

Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To S$0.28

Oversea-Chinese Banking Corporation Limited Announces Cessation of Jason Ho Poh Wah as Head of Group Human Resources

Oversea-Chinese Banking's (SGX:O39) Upcoming Dividend Will Be Larger Than Last Year's

Oversea-Chinese Banking Corporation Limited Announces Cessation of Jason Ho Poh Wah as Head of Group Human Resources

Oversea-Chinese Banking Corporation Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on 20 May 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Here's Why I Think Oversea-Chinese Banking (SGX:O39) Might Deserve Your Attention Today

Oversea-Chinese Banking Corporation Limited to Report Fiscal Year 2021 Results on Feb 23, 2022

Oversea-Chinese Banking Corporation Limited Appoints Chong Chuan Neo as Non-Executive and Independent Director, Effective February 18, 2022

Third quarter 2021 earnings released: EPS S$0.27

Deputy President and Head of Global Wealth Management & Consumer Banking Wei Hong Ching has left the company

Oversea-Chinese Banking's (SGX:O39) Shareholders Will Receive A Bigger Dividend Than Last Year

Second quarter 2021 earnings released

Non-Executive Independent Director has left the company

UOB to Look At Citigroup’s Assets

Upcoming dividend of S$0.16 per share

Group CEO and Executive & Non-Independent Director Nag Tsien has left the company

Full year 2020 earnings released: EPS S$0.80 (vs S$1.12 in FY 2019)

Oversea-Chinese Banking Corp Appoints Andrew Khoo Cheng Hoe as A Non-Executive and Independent Director