Wealth and Asset Management
OCBC is divesting its non-core businesses, investing in wealth management
UOB KayHian is maintaining its ‘buy’ call on Oversea-Chinese Banking Corporation with a target price of S$11.70. The bank is divesting its 33.3% stake in Hong Kong Life Insurance for S$426 million and the proceeds are to be re-invested into its core wealth management business and high-growth emerging markets, such…
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