Macquarie turns neutral on OCBC stock with SGD 30.00 target

Published on 10/23/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie turned neutral on OCBC stock with an SGD 30.00 target on October 13, 2026. The stock was EUR 20.27 at Lang & Schwarz on October 23, 2026.

The bank enters earnings season

Macquarie moved to neutral with an SGD 30.00 target on October 13, 2026.
OCBC reported SGD 4.19 billion in first-half 2026 net profit on August 7, 2026.
OCBC stock traded at EUR 20.27 at 9:28 a.m. CEST at Lang & Schwarz on October 23, 2026.
OCBC is scheduled to report third-quarter results on November 6, 2026.

OCBC, SG1S04926220, Illustration mit AI erstellt.

OCBC (ISIN SG1S04926220) was trading at EUR 20.27 at Lang & Schwarz on October 23, 2026 at 9:28 a.m. CEST. Macquarie downgraded the bank to neutral with an SGD 30.00 target on October 13, 2026, according to The Business Times.

Analyst views split ahead of results

The neutral call contrasts with Maybank Securities analysts, who retained a buy view and an SGD 37.23 target, as reported by The Business Times on October 16, 2026. The spread between those views puts earnings quality and valuation ahead of a simple direction call.

OCBC's first-half 2026 net profit rose 13 percent year on year to a record SGD 4.19 billion, while the interim dividend increased 15 percent to SGD 0.47 per share, according to OCBC on August 7, 2026.

What does the SGD 30.00 target signal?

The target reflects a cautious valuation stance rather than a rejection of the bank's earnings base. OCBC's second-quarter 2026 net profit reached SGD 4.20 billion, up 22 percent from a year earlier, while total income rose 18 percent to SGD 4.17 billion, according to Yahoo Finance on October 3, 2026.

Three milestones shaped the stock

On May 8, 2026, OCBC reported first-quarter net profit of SGD 1.97 billion, according to OCBC. On August 7, 2026, first-half net profit reached SGD 4.19 billion and the interim dividend was SGD 0.47 per share, according to OCBC. On October 13, 2026, Macquarie moved to neutral with an SGD 30.00 target, according to The Business Times.

Two dates now matter

OCBC's revised 6 percent cashback structure is scheduled to begin on November 1, 2026, while third-quarter results are scheduled for November 6, 2026, according to OCBC and The Business Times.

Euro quote before Xetra

The next report will test whether the record first-half profit can offset concerns about valuation, margins and the repeatability of wealth-related income. OCBC stock was trading at EUR 20.27 at Lang & Schwarz on October 23, 2026 at 9:28 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of OCBC stock.