UOB Kay Hian sets SGD 35.70 target for OCBC stock

Published on 10/19/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CGSI sees third-quarter profit at SGD 1.97 billion on October 15, 2026. OCBC stock costs EUR 20.22 on October 19, 2026, before November 6 results.

Profit estimate and reporting date

UOB Kay Hian assigned a SGD 35.70 target to OCBC on October 15, 2026.
CGSI projected third-quarter net profit of SGD 1.97 billion for the period ended September 30, 2026.
OCBC stock trades at EUR 20.22 at 9:19 a.m. CEST at Lang & Schwarz on October 19, 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 20.22 at Lang & Schwarz on October 19, 2026, at 9:19 a.m. CEST. UOB Kay Hian assigned the bank a SGD 35.70 target in a research report dated October 15, 2026.

Analyst target stays above results risk

The report made OCBC its preferred Singapore bank pick and paired the target with a Buy rating. Its analysts expect third-quarter net profit of SGD 2.05 billion, down 8 percent quarter on quarter but up 4 percent year on year.

The estimate points to a softer sequence after a strong first half. UOB Kay Hian expects OCBC's wealth-management fees to remain an important earnings driver, while its cost-to-income ratio is projected at 40.1 percent in the third quarter, compared with 38.6 percent in the second quarter.

What does the profit estimate mean?

Asianomist reported on October 15, 2026, that CGS International projected third-quarter net profit of SGD 1.97 billion for the period ended September 30, 2026. That forecast represents a 0.6 percent year-on-year decline and an 11.5 percent quarter-on-quarter increase.

The difference between the two estimates highlights the market's central question: how much of OCBC's recent earnings strength can persist after insurance-related gains lifted the second quarter? OCBC operates across personal, business and wealth banking in ASEAN and Greater China, according to OCBC.

November 6 sets the next test

OCBC's recent operating picture combines stronger fee businesses with pressure on traditional interest income. Its first-half net profit reached SGD 4.19 billion, up 13 percent year on year, while net interest income fell 3 percent, according to the October 15 research coverage from UOB Kay Hian.

Three dated milestones frame the recent stock story: OCBC's second-quarter net profit reached SGD 2.20 billion on June 30, 2026; first-half net profit reached SGD 4.19 billion on June 30, 2026; and the third-quarter estimate of SGD 1.97 billion was published on October 15, 2026. The next scheduled event is the third-quarter results announcement on November 6, 2026.

Price stays the market reference

The current quote places the Singapore bank at EUR 20.22 in pre-market trading from a German investor perspective. The key test is whether reported third-quarter earnings confirm the fee-income strength behind the SGD 35.70 analyst target.

OCBC was trading at EUR 20.22 at Lang & Schwarz on October 19, 2026, at 9:19 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of OCBC stock.