Ocbc Bank - 1st quarter results is out. Net profit increased 12 percent to 1.88b vs 1.69b last year, ROE 13 percent, EPS 1.68. Nice results! Price likely Gapped up and rises higher with a better set of financial numbers!
The higher net profit was driven by higher income and lower ops costs.
Net fee income was up 6% to 546m. Net trading income was up 31% to 396m. Insurance income was exceptional higher at 306m....
