Oversea-Chinese Banking Corp.'s plan to return S$2.5 billion of capital to shareholders over two years via special dividends and share buybacks is a much-welcomed investment thesis for the stock, RHB Research analysts says in a note.
It is a good defensive option given the Singapore-listed bank's solid asset quality and capital levels, as well as its connectivity play, where it is well poised to gain from supply-chain shifts, they write.
Together with the ordinary DPS, investors can expect total payouts of 60% in 2024 and 2025, they say.
RHB upgrades the stock to buy from neutral and raises the target price to S$19.10 from S$16.80. Shares are up 0.8% at S$17.34.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。