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OCBC ( (SG:O39) ) has issued an update.
OCBC has clarified its stance regarding the potential privatization and delisting of Great Eastern Holdings (GEH) shares, emphasizing that it has no intention to convert its Class C Non-Voting shares to ordinary shares after the five-year period, as this would affect GEH’s free float status. Despite the confusion caused by recent media reports, OCBC remains committed to its strategic goal of delisting GEH, having increased its economic interest to 93.72% since October 2024, and has stated that its current exit offer is final with no plans for another offer in the near future.
The most recent analyst rating on (SG:O39) stock is a Hold with a S$15.90 price target. To see the full list of analyst forecasts on OCBC stock, see the SG:O39 Stock Forecast page.
More about OCBC
OCBC is a prominent financial services group in Singapore, primarily involved in banking, insurance, and asset management. It has a significant presence in the Southeast Asian market, focusing on providing comprehensive financial solutions to its clients.
YTD Price Performance: -1.33%
Average Trading Volume: 7,364,440
Technical Sentiment Signal: Buy
Current Market Cap: S$71.46B
For an in-depth examination of O39 stock, go to TipRanks’ Overview page.