OCBC kept at 'buy' by DBS with higher target price of $12.80

Stock Name: OCBC Bank
Company Name: OVERSEA-CHINESE BANKING CORP

Research House: DBS Vickers

Price Call: BUY

Target Price: 12.80

SINGAPORE (June 10): DBS Group Research is maintaining its "buy" recommendation on Oversea-Chinese Banking Corp. or OCBC, raising its target price by 10 cents to $12.80.

In a report out today, DBS believes OCBC-Wing Hang's Greater China franchise is still unappreciated.

Although integration is still on-going, signs of improvement are visible in its wealth management income line, it adds.