OCBC stock enters smaller lots as SGX cuts minimum to 10 shares

Published on 10/08/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OCBC stock was trading at SGD 29.06 on October 8, while its first-half profit reached SGD 4.19 billion, up 13 percent year on year. SGX also cut the minimum lot size.

OCBC, SG1S04926220, Illustration mit AI erstellt.

OCBC stock (ISIN SG1S04926220) was trading at SGD 29.06 on SGX on October 8, 2026 at 3:37 p.m. SGT, down 4.09 percent from SGD 30.30. The stock is now eligible for smaller board lots after SGX reduced the minimum trade size from 100 shares to 10.

SGX cuts the minimum lot size

According to TradingKey on October 8, 2026, the change took effect on October 5 for shares priced above SGD 10 and up to SGD 100. OCBC is one of the first 11 counters covered by the new framework, which leaves the share price and company valuation unchanged.

The practical change is substantial for smaller portfolios. A standard OCBC lot now contains 10 shares rather than 100, reducing the capital needed for one board lot by 90 percent before brokerage fees. SGX reviews eligibility every quarter, with the next review scheduled for January 2027.

Profit growth meets margin pressure

Money Snap reported on August 7, 2026, that OCBC generated SGD 4.19 billion in net profit during the first half of 2026, up 13 percent from SGD 3.70 billion a year earlier. Second-quarter net profit reached SGD 2.22 billion, an increase of 22 percent year on year.

The earnings mix is important for the stock. First-half net interest income fell 3 percent to SGD 4.5 billion, while non-interest income rose 36 percent to SGD 3.5 billion, according to The Smart Investor on October 5, 2026. Net interest margin narrowed to 1.73 percent from 1.98 percent a year earlier, making wealth and transaction income more important to the result.

Analysts split on the valuation

According to AsiaOne on October 8, 2026, Citi downgraded OCBC from Neutral to Sell on October 6 and set a SGD 27.50 target. The same report said RHB named OCBC its top Singapore bank pick and raised its target to SGD 33.70 from SGD 32.85.

That spread places the latest SGD 29.06 price between two sharply different views. Citi expects third-quarter 2026 earnings to be flat year on year, while RHB points to balance-sheet strength and earnings momentum. For investors, the next comparison is whether fee income can offset pressure on lending spreads.

OCBC stock remains below its yearly high

OCBC stock was trading at SGD 29.06 on SGX on October 8, 2026 at 3:37 p.m. SGT. Its 52-week range was SGD 16.62 to SGD 32.57, while market capitalization stood at SGD 130.5 billion as of October 8, 2026.