[New post] CIMB: OCBC – In line with our estimate/beat consensus on lower credit cost and tax TP$13.75

alanyeo posted: " OCBC released 3Q21 earnings this morning.---OCBC's 3Q21 net profit was in line with our S$1.19bn estimate (+6% qoq/ +17% yoy) and above consensus' S$1.15bn estimates. 9M21 net profit formed 77%/78% of our/consensus' forecasts.Although NIMs declined 6bp q" New post on Alpha Edge Investing CIMB: OCBC – In line with our estimate/beat consensus on lower credit cost and tax TP$13.75 by alanyeo OCBC released 3Q21 earnings this morning.---OCBC's 3Q21 net profit was in line with our S$1.19bn estimate (+6% qoq/ +17% yoy) and above consensus' S$1.15bn estimates. 9M21 net profit formed 77%/78% of our/consensus' forecasts.Although NIMs declined 6bp qoq, NII stayed flattish on the back of +3.7% loan growth (2Q21: +1.4%, 9M21: +6.5%).. Fees were resilient but […] Read more of this post alanyeo | November 3, 2021 at 3:22 pm | Tags: OCBC | Categories: Earnings Updates/ Corporate Actions, Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5Oo Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/11/03/cimb-ocbc-in-line-with-our-estimate-beat-consensus-on-lower-credit-cost-and-tax-tp13-75/