Should I Buy OCBC Stock in Singapore in 2025?

Why trust HelloSafe ?

At HelloSafe, our expert has been tracking the performance of OCBC for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by OCBC.

What is OCBC?

The Price of OCBC Stock

The price of OCBC stock is rising this week. OCBC shares are now trading at SGD 16.48, posting a 24-hour gain of SGD 0.04 (+0.24%) and a weekly increase of 0.80%. The bank’s market capitalization stands at SGD 74.1 billion, with an average three-month trading volume of almost 7 million shares. The current P/E Ratio is 9.99, with an attractive dividend yield of 5.16% and a low beta of 0.4—reflecting stable performance. These indicators highlight OCBC’s strong potential for investors seeking both income and resilience within the Singapore market.

Our full analysis of the OCBC stock

After a thorough review of OCBC’s most recent financial results and a detailed analysis of its three-year share price history, we have leveraged multiple sources of financial data, technical indicators, market signals, and competitor benchmarks, all filtered through our proprietary quantitative models. The result is a holistic view of OCBC stock, integrating both momentum and fundamental value while systematically highlighting bullish catalysts. So, why might OCBC stock once again become a strategic entry point into the Southeast Asian financial sector in 2025?

Recent performance and market context

OCBC stock has delivered consistent shareholder value over the past year, recently marking a new uptrend that sets it apart within the Singapore Exchange. Currently priced at SGD 16.48, OCBC notched a 0.80% gain in the past week and 8.78% over the last year, reflecting renewed investor confidence. The Q1 2025 results were a further catalyst, with net profit of SGD 1.88 billion—beating consensus estimates and illustrating the group’s earnings resilience. Positive earnings momentum has coincided with the confirmation of the "One Group" strategy, a framework that integrates OCBC’s core banking, wealth management, and insurance segments, increasing efficiency and opening new revenue streams. In a regional context, the bank is benefiting from robust Southeast Asian growth prospects and stable monetary policy in Singapore, with the ASEAN banking sector seen globally as a safe haven amid volatility elsewhere.

Technical analysis

Technical indicators highlight OCBC’s emerging bullish structure. The Relative Strength Index (RSI) stands at 62.19, a neutral-to-positive zone that signals strong but not overextended momentum. The MACD remains just above neutral, while all key moving averages (20, 50, 100, 200 days) are flashing a buy signal, producing a technical consensus firmly in favor of buyers. Immediate supports are formed at SGD 16.19–16.25, and resistance is visible around SGD 16.50–16.56. Most notably, 12 out of 12 tracked moving averages are aligned bullishly, underscoring the robust structural momentum supporting the stock. Such technical confluence, especially after breaking above the 200-day moving average, has historically coincided with the start of sustained uptrends for OCBC. Market dynamics suggest limited downside from current levels, backed by strong institutional demand and a float conducive to dynamic price action.

Fundamental analysis

Fundamental metrics further reinforce OCBC’s credentials as a high-quality investment case. The group booked SGD 3.66 billion in revenue and SGD 1.88 billion in net income in Q1 2025, outperforming analyst expectations and reflecting decades of steady earnings growth. With a current P/E of 9.99, OCBC is attractively valued relative to both regional and global banking peers, offering investors a rare combination of growth, value, and strong profitability. Its dividend yield of 5.16% to 6.13% is superior even among high-yielding Asian banks, underpinned by a disciplined payout policy and rising annual dividends. Beyond the numbers, OCBC’s unique competitive advantages include a dominant regional franchise, significant market share in Singapore and the broader ASEAN region, and a brand recognized for consistent trust and innovation. Strategically, the group’s expansion in Greater China, ambitious revenue targets, and leadership in digital transformation are all paying off. Investment in technology, innovative wealth management, and “One Group Banking” integration continue to unlock new revenue streams while efficiently managing costs. With net interest margins expected to remain stable around 2% and strong return on equity, OCBC is structurally positioned to withstand global headwinds while benefiting from long-term Asia growth trends.

Volume and liquidity

The stock’s average three-month trading volume hovers at 6.97 million shares, ensuring high market liquidity and smooth order execution for investors. A market capitalisation of SGD 74.1 billion places OCBC among the top few Singapore and regional blue chips. Substantial liquidity attracts institutional investors, enhancing price stability and valuation depth, while also making the stock a regular component of portfolio allocations in major Asian indices. OCBC’s sizable float and balanced ownership further amplify the ability for valuation multiples to improve alongside news flow and market catalysts.

Catalysts and positive outlook

• Digital transformation and “One Group” strategy: The ongoing digitisation of its banking and wealth management operations has accelerated revenue growth, expense efficiency, and client acquisition.
• Strategic ASEAN-Greater China expansion: New investments and partnerships in Hong Kong, Macao, and across ASEAN markets are forecast to add SGD 3 billion in extra revenue by year-end, positioning OCBC as a regional powerhouse.
• Growth of Bank of Singapore: The private-banking arm is on track for SGD 145 billion in assets under management by end 2025, boosting fee income and cross-selling opportunities.
• Consistent outperformance: OCBC has a proven ability to exceed both internal and analyst earnings forecasts, underpinning management credibility and investor confidence.
• Strong ESG and innovation credentials: Commitment to sustainability and technology-led solutions enhances long-term appeal among ESG-focused funds and the next generation of investors.

Investment strategies

From an investment strategy perspective, OCBC’s current setup seems to represent an excellent opportunity for both short-term traders and long-term investors. For the short-term, the stock’s recent rebound from robust technical supports and positive earnings surprise suggests the potential for an immediate upside move toward the analyst target of SGD 17.31. In the medium term, ongoing revenue and earnings growth, combined with new catalysts like digital innovation and ASEAN expansion, favor further capital appreciation—especially for those seeking consistent yield through rising dividends. For the long-term investor, OCBC is uniquely positioned to benefit from Southeast Asia’s secular banking growth, ongoing financial inclusion, and the digitalisation of core financial services. OCBC’s undervalued multiples, leading market share, and resilient business model indicate ample room for rerating as macroeconomic tailwinds accelerate. Entering at or near current levels allows investors to potentially capture the next bullish leg, reinforced by both a cyclical and structural growth narrative.

Is it the right time to buy OCBC?

In summary, OCBC combines earnings consistency, market leadership, technological innovation, and a secure regional franchise into a compelling investment profile. The stock’s attractive earnings multiple, above-average dividend yield, robust technical posture, and favourable analyst outlook all point toward renewed institutional and retail buying interest. As Southeast Asia’s financial sector evolves, OCBC’s strategic investments and management execution position it at the forefront of this transformation. The stock may be entering a new bullish phase, with tangible upside potential supported by its fundamentals, momentum, and a robust, forward-looking strategy. For investors in Singapore seeking balance, yield, growth, and blue-chip resilience, OCBC seems to represent an excellent opportunity for both capital gain and income generation in 2025 and beyond.

How to buy OCBC stock in Singapore?

Buying OCBC shares online through a regulated broker in Singapore is both straightforward and secure. Investors have two main options: traditional spot buying, where you directly own OCBC shares, or trading via Contracts for Difference (CFDs), which allows you to benefit from price movements without actual ownership. Each method comes with different fees and considerations. To compare the best brokers and their offers for OCBC stock, see the detailed broker comparison further down the page.

Spot buying

A cash purchase of OCBC involves buying real shares listed on the SGX, making you an official OCBC shareholder. Local brokers typically charge a fixed commission per order, often around SGD 5–10 per trade.

Gain Scenario: OCBC Share Price

If the OCBC share price is 16.48 SGD, you can buy around 60 shares with a $1,000 stake, including a brokerage fee of around $5.

Gain scenario: If the share price rises by 10%, your shares are now worth $1,100. Result: +$100 gross gain, i.e. +10% on your investment.

This approach suits investors looking for steady dividends and seeking to benefit from potential capital gains over the long term.

Trading via CFD

CFD trading on OCBC allows you to speculate on the share price without taking ownership. The main fees here are the spread—often just a few cents per share—and overnight financing if you hold leveraged positions open beyond a single day.

Gain scenario

You open a CFD position on OCBC shares, with 5x leverage.

This gives you a market exposure of $5,000.

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

CFDs are more suitable for active investors seeking flexibility and higher risk/reward over a short-term horizon.

Final advice

Before investing, always compare the fees, market access, and support offered by different brokers. Choosing between spot buying and CFDs depends on your investment objectives, risk profile, and whether you prefer owning OCBC shares or trading market trends. You will find a broker comparator further down the page to help you make the right choice.

Our 7 tips for buying OCBC stock

The latest news about OCBC

OCBC stock continued its steady upward momentum, posting a 0.8% gain over the past week. The share price closed at 16.48 SGD, firmly above all major moving averages, reflecting positive sentiment. This resilience comes as the Singapore banking sector remains a defensive hotspot for local and international investors.

OCBC has announced a significant increase in its quarterly dividend payout, with a yield above 5%. The most recent dividend was 0.528 SGD per share, ex-dividend on 25 April 2025. Supported by three consecutive years of dividend growth and a payout policy targeting 60% of annual profits, OCBC stands out for income-focused investors in Singapore.

Positive Q1 2025 results exceeded market expectations, reinforcing OCBC’s operational momentum and outlook. OCBC delivered S$3.66 billion in revenue and S$1.88 billion in net profit, both ahead of analyst forecasts. This performance was fueled by robust loan volume, ongoing digital transformation, and the successful execution of the “One Group Banking” strategy.

Technical indicators for OCBC remain overwhelmingly bullish, with all major moving averages signaling a buy. Despite a neutral RSI, technical consensus reports 12 out of 12 moving averages in positive alignment. Key support levels at 16.19–16.25 SGD offer reassurance for tactical buyers and portfolio managers in the SG market.

Analyst consensus and market sentiment have turned strongly optimistic for OCBC’s medium-term prospects. With a consensus target price of 17.31 SGD and 16 of 22 analysts recommending a buy, the stock is widely seen as undervalued given its strong fundamentals, resilient dividend policy, and regional leadership. This bolsters OCBC’s profile as a core SG banking sector holding.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.