$8 billion wiped off OCBC value as shares slide 5.8% in heavy trade, Money News
AsiaOne7 Oct · 19:54← All topics · now
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OCBC shares have fallen nearly 6%, wiping about S$8 billion off the bank's value.
18 reports · 8 Oct · 03:23 SGT
Summary · from headlines4 points
- Citi downgraded OCBC to ‘sell’ with a target price of $27.50.
- OCBC shares fell 5.8% in heavy trade, wiping S$8 billion off its value.
- Market Talk forecast OCBC and UOB could benefit more from rising rates than DBS.
- RHB raised OCBC’s target price to $33.70 on a Fed rate hike.
Latest developments6 to read first
DBS, OCBC and UOB shares have fallen. Is it a good time to buy?
The Straits Times7 Oct · 19:04DBS, OCBC and UOB shares have fallen. Is it a good time to buy?
The Straits Times7 Oct · 18:54DBS, OCBC and UOB shares have fallen. Is it a good time to buy?
The Straits Times7 Oct · 18:44OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks
The Business Times7 Oct · 18:34RHB raises OCBC target price to $33.70 on Fed rate hike
The Edge Singapore7 Oct · 17:34Timeline 18 reports
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