|Bid||8.72 x 0|
|Ask||8.73 x 0|
|Day's range||8.62 - 8.76|
|52-week range||7.80 - 11.23|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||10.10|
|Earnings date||05 Nov 2020|
|Forward dividend & yield||0.32 (3.65%)|
|Ex-dividend date||22 May 2020|
|1y target est||13.94|
Singapore's second-largest lender Oversea-Chinese Banking Corp reported a larger-than-expected 40% tumble in second-quarter net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity. The result underscored a cautious sector outlook as larger peer DBS Group and smaller competitor United Overseas Bank shored up allowances and cut costs to deal with the double whammy of low interest rates and weak growth. Kevin Kwek, senior analyst at Sanford C. Bernstein, said the sector's results were "not too bad" considering that the June quarter globally would "arguably be the worst quarter in history".
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Low U.S. rates to pressure U.S. yields, help Asian FX-strategist * Markets hoping for more details on support in future -analysts * Singapore down 2.4%, at two-month low as banks tumble By Rashmi Ashok July 30 (Reuters) - Stocks across most of Asia's emerging markets drifted lower on Thursday as investors judged a steady message from the U.S. Federal Reserve on stimulus as too little to reinvigorate a rally that has relied on the flood of cheap money globally. After a cautious start which picked up chiefly on the U.S. central bank's promise to use "all tools" to support growth, major markets wobbled, while the Philippines, Thailand, Malaysia and Singapore chalked up significant losses.
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Singapore lenders slide, MAS asks banks to cap dividends * Singapore Airlines hits lowest since Aug. 1998 * Remote work, U.S.-China tech troubles to benefit Taiwan - ANZ By Rashmi Ashok July 30 (Reuters) - Singapore shares hit a two-month low on Thursday, hurt by a sell-off in banking stocks after the central bank asked lenders to cap dividends this year, denting the appeal of a sector favoured for steady payouts to shareholders. The FTSE Straits Times Index slid as much as 2.4%, after the Monetary Authority of Singapore (MAS) called on banks to cap 2020 total dividends at 60% of what they paid out last year as the city-state faces its deepest recession ever in the wake of the coronavirus pandemic that has roiled the global economy.