Sign up & unlock articles! Will OCBC share price sink or swim? On 8 May 2020, OCBC announced a set of poor Q1 FY2020 business update that saw the number 2 bank in Singapore recording the worst financial performance among the three local banks. While COVID-19 pandemic had been cited by OCBC CEO as the culprit for the subpar performance, investors must be wondering how on earth did OCBC manage to fare so badly against the other two banks.
OCBC share price in explosive free fall
OCBC share price in devastating bloodbath
OCBC share price to increase three-fold in decade?
OCBC share price led to my first investment in decade
On a year-on-year basis, net profit plunged 43% to reach an abysmal $698 million. This is the lowest as compared to DBS ($1.17 billion) and UOB ($855 million). OCBC’s decline was also the biggest among the three local...