Summary of Key points and Why Investors Should Care:

OCBC 8 Nov 2024

💡OCBC delivered strong results for Q3 2024, with a 9% increase in net profit to S$1.97 billion. 

Key highlights include:

💡-Non-Interest Income: Up 41%, driven by record gains in trading and a 10% increase in fee income, especially from wealth management.

💡-Wealth Management Growth: Income rose 15%, contributing 34% of total group income, with assets under management (AUM) up 5%.

💡-Loan Growth and Quality: Customer loans grew by 4%, with a low non-performing loan (NPL) ratio of 0.9%.

Feel free to contact me for a deeper discussion on OCBC’s prospects or for insights on other investment opportunities. My goal is to help clients make well-informed decisions in line with both market conditions and their personal financial goals,

If you seek expert guidance tailored to your financial goals, I invite you to connect with me. Together, we can navigate investing complexities and position your portfolio for long-term success.

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or email @ ohlh@phillip.com.sg