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Experts split on outlook

The Straits Times

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January 16, 2026

“We also like OCBC for its focus on trade and investment flows within ASEAN and a defensively low estimated 2026 price-to-book ratio of 1.45x,” the firm said, adding that it has a “buy” rating and a $23.65 price target for OCBC.

The price-to-book ratio compares a company’s market value to its book value, showing how much investors pay for its net assets.

Morningstar noted that UOB is slightly more attractive at this stage on a risk-reward basis and projected its dividend yield to be 5.8 per cent based on its Jan 5 closing price of $35.50.

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