OCBC bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	CIMB	OCBC	8.64	10.88	Add
01/08/16	DIR	OCBC	8.37	11.7	Buy
01/14/16	Macquarie	OCBC	8.24	0	Neutral
01/18/16	Deutsche	OCBC	7.95	10	Buy	GGM, PB1.2x
01/18/16	DMG & Partners	OCBC	7.95	10.7	Buy	GGM, PB1.25x FY16
01/18/16	Goldman Sachs	OCBC	7.95	9.1	Neutral
01/28/16	JP Morgan	OCBC	7.62	9	Overweight
01/28/16	UOB Kay Hian	OCBC	7.62	11.25	Buy
01/29/16	Credit Suisse	OCBC	7.63	9.9	Neutral
01/29/16	HSBC	OCBC	7.63	10.2	Buy
02/04/16	UOB Kay Hian	OCBC	7.49	9.8	Buy	GGM, PB1.21x
02/11/16	UBS	OCBC	756	9	Buy	PER9x FY16
02/17/16	Bloomberg	OCBC	7.77	9.67	Buy	Consenus target
02/17/16	Lim & Tan	OCBC	7.77	0	Buy
02/18/16	Amfrasers	OCBC	7.78	8.41	Buy
02/18/16	CIMB	OCBC	7.78	10.01	Add	GGM, PB1.16x CY16
02/18/16	Credit Suisse	OCBC	7.78	9.9	Neutral
02/18/16	DBS Vickers	OCBC	7.78	9.4	Buy	GGM, PB1x FY16
02/18/16	DIR	OCBC	7.78	9.8	Buy	Warranted Equity Valuation Method
02/18/16	Kim Eng	OCBC	7.78	7.2	Sell	PB0.84x FY16
02/18/16	UOB Kay Hian	OCBC	7.78	9.98	Buy	GGM, PB1.19x
02/19/16	phillip	OCBC	7.92	7.85	Neutral	PB0.95x FY16
02/26/16	Credit Suisse	OCBC	7.84	9	Neutral
03/03/16	CIMB	OCBC	8.31	10.01	Add
03/04/16	JP Morgan	OCBC	8.6	7.7	Neutral
03/07/16	DMG & Partners	OCBC	8.79	9.6	Buy
03/24/16	DIR	OCBC	9.15	11	Buy
03/24/16	Kim Eng	OCBC	9.15	7.2	Sell
03/24/16	UOB Kay Hian	OCBC	9.15	9.98	Buy	GGM, PB1.19x FY16
04/07/16	DBS Vickers	OCBC	8.72	9.4	Buy
04/07/16	UBS	OCBC	8.72	10	Buy
04/07/16	UOB Kay Hian	OCBC	8.72	10.68	Buy	GGM, PB1.26x
04/08/16	Amfrasers	OCBC	8.81	8.41	Hold
04/08/16	CIMB	OCBC	8.81	10.01	Add	PB1.16x CY16
04/08/16	DIR	OCBC	8.81	11	Buy	Warranted Equity Valuation Method
04/08/16	DMG & Partners	OCBC	8.81	9.6	Buy	GGM
04/08/16	Kim Eng	OCBC	8.81	7.2	Sell	PB0.8x FY16
04/08/16	Macquarie	OCBC	8.81	9.5	Outperform
04/11/16	phillip	OCBC	8.78	7.85	Neutral	PB
04/26/16	HSBC	OCBC	9.28	10.2	Hold	GGM, PB1.2x FY16, PER11x FY16
04/29/16	Bloomberg	OCBC	8.9	9.33	Hold
05/03/16	Amfrasers	OCBC	8.77	8.41	Hold
05/03/16	DBS Vickers	OCBC	8.77	9.4	Hold
05/03/16	Deutsche	OCBC	8.77	9.5	Hold
05/03/16	DMG & Partners	OCBC	8.77	9.5	Neutral	GGM, PB1.1x
05/03/16	Jefferies	OCBC	8.77	8	Hold
05/03/16	Kim Eng	OCBC	8.77	7.2	Sell	PB0.8x FY16
05/03/16	phillip	OCBC	8.77	8.07	Neutral	PB0.95x FY16
05/03/16	UOB Kay Hian	OCBC	8.77	10.98	Buy	GGM, PB1.27x
05/04/16	CIMB	OCBC	8.6	8.8	Hold	GGM, PB1.02x CY16
05/04/16	Macquarie	OCBC	8.6	9.5	Outperform
05/06/16	Credit Suisse	OCBC	8.44	9	Neutral
05/10/16	DIR	OCBC	8.43	10.7	Buy	Warranted Equity Valuation Method
05/19/16	Goldman Sachs	OCBC	8.45	8.7	Neutral
05/19/16	UOB Kay Hian	OCBC	8.45	10.86	Buy	GGM, PB1.26x
06/09/16	DIR	OCBC	8.84	10.7	Buy
06/14/16	Deutsche	OCBC	8.46	9.5	Hold
06/30/16	Goldman Sachs	OCBC	8.49	9.2	Neutral
06/30/16	Kim Eng	OCBC	8.49	7.2	Sell
07/11/16	DBS Vickers	OCBC	8.74	9.4	Hold
07/11/16	DMG & Partners	OCBC	8.74	8.68	Neutral	GGM, PB0.98x FY16, PER10.3x FY16
07/19/16	DIR	OCBC	9	10.7	Buy
07/27/16	UOB Kay Hian	OCBC	8.84	10.86	Buy	GGM, PB1.26x FY16
07/28/16	Lim & Tan	OCBC	8.85	0	Hold
07/29/16	CIMB	OCBC	8.8	8.11	Reduce	GGM
07/29/16	Credit Suisse	OCBC	8.8	9	Neutral
07/29/16	DBS Vickers	OCBC	8.8	8.4	Hold
07/29/16	DIR	OCBC	8.8	11.3	Buy	Warranted Equity Valuation Method
07/29/16	Goldman Sachs	OCBC	8.8	9	Neutral
07/29/16	Kim Eng	OCBC	8.8	7.49	Sell	PB0.8x FY17
07/29/16	Lim & Tan	OCBC	8.8	0	Hold
07/29/16	Macquarie	OCBC	8.8	9.5	Outperform
07/29/16	UOB Kay Hian	OCBC	8.8	10.48	Buy	GGM, PB1.26x
08/01/16	phillip	OCBC	8.6	8.14	Neutral	PB0.95x FY16
08/12/16	Credit Suisse	OCBC	8.46	9	Neutral
08/12/16	Deutsche	OCBC	8.46	9	Hold
08/18/16	Kim Eng	OCBC	8.44	7.49	Sell
08/30/16	UOB Kay Hian	OCBC	8.58	10.3	Buy	GGM, PB1.21x
09/09/16	Credit Suisse	OCBC	8.87	8.8	Neutral
09/28/16	DIR	OCBC	8.59	11.3	Buy
10/03/16	Kim Eng	OCBC	8.65	7.49	Sell
10/05/16	DMG & Partners	OCBC	8.66	8.68	Neutral
10/11/16	UOB Kay Hian	OCBC	8.69	10.3	Buy
10/12/16	Goldman Sachs	OCBC	8.66	9	Neutral
10/17/16	DBS Vickers	OCBC	8.41	8.4	Hold
10/17/16	DIR	OCBC	8.41	11.3	Buy
10/19/16	CIMB	OCBC	8.49	8.11	Reduce
10/27/16	Lim & Tan	OCBC	8.53	0	Hold
10/28/16	CIMB	OCBC	8.58	8.18	Reduce	GGM, PB0.91x CY17
10/28/16	DBS Vickers	OCBC	8.58	8.6	Hold	GGM, PB0.9x FY17
10/28/16	DIR	OCBC	8.58	11	Buy	PB1.27x
10/28/16	DMG & Partners	OCBC	8.58	8.81	Neutral
10/28/16	Kim Eng	OCBC	8.58	7.4	Sell	PB0.8x FY17
10/28/16	phillip	OCBC	8.58	8.25	Neutral	PB0.95x FY16
10/28/16	UOB Kay Hian	OCBC	8.58	10.45	Buy	GGM, PB1.17x
11/07/16	Credit Suisse	OCBC	8.43	8.8	Neutral
11/14/16	UOB Kay Hian	OCBC	8.58	10.45	Buy	GGM, PB1.17x F717
11/25/16	Credit Suisse	OCBC	8.78	10.15	Outperform
11/28/16	DIR	OCBC	8.89	11	Buy
12/05/16	Kim Eng	OCBC	9.15	7.4	Sell	PB0.8x FY17
12/06/16	CIMB	OCBC	9.2	8.18	Reduce	GGM, PB0.91x CY17
12/07/16	DBS Vickers	OCBC	9.27	10.3	Buy	GGM, PB1.1x FY17
12/07/16	Deutsche	OCBC	9.27	9	Hold
01/03/17	DMG & Partners	OCBC	8.92	8.81	Neutral
01/03/17	UOB Kay Hian	OCBC	8.92	10.45	Buy
01/04/17	Kim Eng	OCBC	8.98	7.4	Sell
01/06/17	UOB Kay Hian	OCBC	9.18	10.65	Buy	GGM, PB1.2x FY17
01/11/17	DIR	OCBC	9.35	11	Buy
02/02/17	Lim & Tan	OCBC	9.48	0	Hold
02/03/17	CIMB	OCBC	9.45	8.18	Reduce
02/06/17	Macquarie	OCBC	9.42	10	Outperform
02/08/17	UOB Kay Hian	OCBC	9.66	10.65	Buy
02/14/17	Lim & Tan	OCBC	9.75	0	Take profit/Sell	Buy @ $8.49
02/15/17	CIMB	OCBC	9.43	8.83	Reduce	GGM, PB0.98x CY17
02/15/17	Credit Suisse	OCBC	9.43	10.5	Outperform
02/15/17	DBS Vickers	OCBC	9.43	10.3	Hold	GGM, PB1.1x FY17
02/15/17	DIR	OCBC	9.43	11	Buy	GGM, PB1.23x
02/15/17	DMG & Partners	OCBC	9.43	8.9	Neutral	GGM, PB1x FY17
02/15/17	Kim Eng	OCBC	9.43	8.05	Sell	PB0.9x FY17
02/15/17	UOB Kay Hian	OCBC	9.43	10.75	Buy	GGM, PB1.19x FY17
02/16/17	phillip	OCBC	9.45	8.48	Reduce	PB0.95x FY17
03/02/17	UOB Kay Hian	OCBC	9.53	10.75	Buy	GGM, PB1.19x FY17
03/03/17	CIMB	OCBC	9.51	8.83	Reduce
03/03/17	Jefferies	OCBC	9.51	8	Underperform
03/06/17	Macquarie	OCBC	9.49	10	Outperform
03/21/17	DMG & Partners	OCBC	9.63	8.9	Neutral	GGM, PB1x FY17
03/21/17	Kim Eng	OCBC	9.63	8.05	Sell
04/03/17	Kim Eng	OCBC	9.72	8.05	Sell
04/12/17	UOB Kay Hian	OCBC	9.59	10.75	Buy	GGM, PB1.19x FY17
04/18/17	DIR	OCBC	9.59	11	Buy
04/25/17	CIMB	OCBC	9.64	8.83	Reduce
04/25/17	Sanford C Bernstein	OCBC	9.64	10.95	Outperform
05/09/17	DMG & Partners	OCBC	10.3	8.9	Neutral
05/09/17	Lim & Tan	OCBC	10.3	0	Hold
05/11/17	CIMB	OCBC	10.46	9.94	Hold	GGM, PB1.1x CY17
05/11/17	Credit Suisse	OCBC	10.46	11.1	Outperform
05/11/17	DBS Vickers	OCBC	10.46	10.3	Hold	GGM, PB1.1x FY17
05/11/17	DIR	OCBC	10.46	11	Hold	GGM, PB1.22x FY17
05/11/17	DMG & Partners	OCBC	10.46	10.22	Neutral
05/11/17	Kim Eng	OCBC	10.46	9.85	Hold	PB1.1x FY17
05/11/17	Macquarie	OCBC	10.46	10	Outperform	PB1.19x
05/11/17	phillip	OCBC	10.46	8.48	Reduce	PB0.95x FY17
05/11/17	UOB Kay Hian	OCBC	10.46	11.7	Buy	GGM, PB1.3x FY17
05/23/17	Jefferies	OCBC	10.3	10.5	Hold
06/08/17	UOB Kay Hian	OCBC	10.58	11.7	Buy
06/14/17	Kim Eng	OCBC	10.74	9.85	Hold	PB1.1x FY18
06/28/17	DMG & Partners	OCBC	10.73	10.15	Neutral
06/28/17	UOB Kay Hian	OCBC	10.73	11.7	Buy	GGM, PB1.3x FY17
07/03/17	Kim Eng	OCBC	10.79	9.85	Hold
07/04/17	UOB Kay Hian	OCBC	10.72	13	Buy	GGM, PB1.36x FY18
07/12/17	Credit Suisse	OCBC	10.79	10.9	Neutral
07/27/17	Lim & Tan	OCBC	11.25	0	Hold
07/28/17	Macquarie	OCBC	11.49	10.4	Neutral	GGM, PB1.27x FY18
07/28/17	phillip	OCBC	11.49	10.81	Neutral	GGM, PB1.2x
07/28/17	DIR	OCBC	11.49	11.5	Hold	GGM, PB1.24x
07/28/17	UOB Kay Hian	OCBC	11.49	13.38	Buy	GGM, PB1.39x FY18
07/28/17	DMG & Partners	OCBC	11.49	10.96	Neutral	GGM, PB1.16x FY17
07/28/17	CIMB	OCBC	11.49	11.98	Hold	GGM, PB1.3x CY17
07/28/17	DBS Vickers	OCBC	11.49	12.8	Buy	GGM, PB1.3x FY18
08/07/17	UOB Kay Hian	OCBC	11.21	13.38	Buy
08/18/17	Macquarie	OCBC	11.14	10.4	Neutral
08/22/17	Kim Eng	OCBC	11.02	11.05	Hold	GGM, PB1.1x FY18
08/23/17	Macquarie	OCBC	11.07	12.2	Outperform
08/23/17	DBS Vickers	OCBC	11.07	12.8	Buy
08/23/17	Deutsche	OCBC	11.07	11.5	Hold
09/12/17	DMG & Partners	OCBC	10.92	10.96	Neutral	PB1.1x FY18
09/18/17	phillip	OCBC	10.95	10.81	Neutral
09/18/17	Kim Eng	OCBC	10.95	11.05	Hold
09/20/17	DBS Vickers	OCBC	11	12.8	Buy	GGM, PB1.3x FY18
09/20/17	Credit Suisse	OCBC	11	10.9	Neutral
09/20/17	Macquarie	OCBC	11	12.2	Outperform
10/06/17	UOB Kay Hian	OCBC	11.25	13.38	Buy	GGM, PB1.39x FY18
10/09/17	DIR	OCBC	11.37	11.5	Hold
10/09/17	DBS Vickers	OCBC	11.37	12.8	Buy	GGM, PB1.3x FY18
10/09/17	Credit Suisse	OCBC	11.37	11.6	Neutral
10/20/17	phillip	OCBC	11.44	11.95	Accumulate
10/23/17	Macquarie	OCBC	11.49	12.2	Outperform
10/25/17	DBS Vickers	OCBC	11.46	12.8	Buy
10/27/17	UOB Kay Hian	OCBC	11.57	13.56	Buy	GGM, PB1.44x FY18
10/27/17	phillip	OCBC	11.57	13.48	Buy	GGM, PB1.44x FY18
10/27/17	CIMB	OCBC	11.57	12.6	Add	GGM, PB1.29x FY18
10/27/17	DBS Vickers	OCBC	11.57	13.5	Buy	GGM, PB1.3x Fy18
10/27/17	Lim & Tan	OCBC	11.57	0	Buy
10/27/17	Credit Suisse	OCBC	11.57	11.7	Neutral
11/01/17	UOB Kay Hian	OCBC	11.9	13.56	Buy	GGM, PB1.44x FY18
11/01/17	Deutsche	OCBC	11.9	12.3	Hold
11/20/17	Credit Suisse	OCBC	11.65	12.6	Neutral
11/20/17	CIMB	OCBC	11.65	12.6	Add
11/23/17	DBS Vickers	OCBC	12.01	13.5	Buy	GGM, PB1.3x FY18
12/01/17	UOB Kay Hian	OCBC	12.45	13.56	Buy	GGM, PB1.44x FY18
12/08/17	phillip	OCBC	12.12	13.48	Buy
12/20/17	CIMB	OCBC	12.25	12.6	Add
01/02/18	UOB Kay Hian	OCBC	12.39	13.56	Buy	GGM, PB1.44x FY18
01/05/18	DBS Vickers	OCBC	12.95	14	Buy	GGM, PB1.4x FY18
01/05/18	UOB Kay Hian	OCBC	12.95	14.88	Buy	GGM, PB1.58x FY18
01/09/18	Deutsche	OCBC	12.99	13.6	Hold
01/10/18	phillip	OCBC	12.91	13.48	Buy
02/05/18	Macquarie	OCBC	12.81	14	Outperform