Oversea-Chinese traded at 21.10 this Monday February 2nd, decreasing 0.13 or 0.61 percent since the previous trading session. Looking back, over the last four weeks, Oversea-Chinese lost 5.71 percent. Over the last 12 months, its price rose by 22.25 percent. Looking ahead, we forecast Oversea-Chinese to be priced at 20.75 by the end of this quarter and at 19.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
Oversea-Chinese Banking Corporation Limited (the Bank) is a Singapore-based financial services company. The Bank is engaged in the business of banking, life assurance, general insurance, asset management, wealth management, investment holding, futures and stockbroking. The Company’s segments include Global Consumer/Private Banking, Global Wholesale Banking, Global Treasury and Markets and Insurance. Global Consumer/Private Banking provides a range of products and services to individual customers. Global Wholesale Banking provides a range of financing solutions, including long-term project financing, short-term credit, working capital and trade financing, as well as customized and structured equity-linked financing. Global Treasury and Markets engages in foreign exchange activities, money market operations, fixed income and derivatives trading. The Insurance segment provides life and general insurance products in Singapore and Malaysia.