Report
Michael Wu
EUR 101.80 For Business Accounts Only

OCBC is well positioned for growth in the Asia region; wealth management a key driver.

Overseas Chinese Banking Corporation, or OCBC, reported a largely in-line fourth-quarter and full-year result, but the market appears disappointed by a lower-than-peer dividend payout. The final dividend of SGD 0.19 was a slight increase from SGD 0.18 last year. While the total fiscal 2017 dividend also increased by the same magnitude to SGD 0.37 from SGD 0.36, the full-year dividend represents a payout of around 40% of earnings, at the low end of long-term guidance of 40%-50%. While peers DBS G...
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Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

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Analysts
Michael Wu

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