Louis Koen
Value, financial industry, utilities, foreign companies

OCBC Offers Growth At A Reasonable Price

Editor’s Note: There is much greater liquidity on the Singapore exchange under the ticker OCBC Overseas Chinese Banking Corp. (OTCPK:OVCHY), one of Singapore's three major banks, has the lowest Non-Performing Loan (NPL) ratio and highest ROA of all three major banks. The bank also has significant growth potential in certain markets such as Indonesia, where the bank has managed to maintain its NPL ratio at about half the national average through conservative lending practices. The rising rates environment will also benefit OCBC beyond net interest margin (NIM) expansion through its 87%-owned insurance subsidiary, Great Eastern Holdings (GEH) (OTCPK:GEHDY), which is the largest insurance group in Singapore and Malaysia. Insurance companies generally report improved investment returns in ...
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