Stock Analysis
Oversea-Chinese Banking First Quarter 2024 Earnings: Beats Expectations
Oversea-Chinese Banking (SGX:O39) First Quarter 2024 Results
Key Financial Results
- Revenue: S$3.46b (up 6.7% from 1Q 2023).
- Net income: S$1.98b (up 5.5% from 1Q 2023).
- Profit margin: 57% (in line with 1Q 2023).
- EPS: S$0.44.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Oversea-Chinese Banking Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Banks industry in Asia.
Performance of the market in Singapore.
The company's shares are down 1.1% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Oversea-Chinese Banking that you should be aware of before investing here.
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About SGX:O39
Oversea-Chinese Banking
Engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.
Flawless balance sheet with solid track record and pays a dividend.