Brokers' take

OCBC | Buy

June 10 close: S$10.06

Target price: S$12.80

DBS Group Research, June 10

We believe the market is still under-appreciating the OCBC-WHB's (Wing Hang Bank) franchise in Greater China. With its enlarged presence there, OCBC's growth prospects in wealth management, retail & commercial banking and insurance are further enhanced.

Active cross-selling for OCBC's private banking and insurance businesses are key wins. Integration is on-going, but improvement is visible in its wealth-management income line. We expect income from this to continue …