Jefferies Financial Group Comments on OVERSEA-CHINESE/ADR’s FY2019 Earnings (OVCHY)

OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) – Investment analysts at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for OVERSEA-CHINESE/ADR in a research note issued on Monday, January 7th. Jefferies Financial Group analyst K. Guha now expects that the company will earn $1.75 per share for the year, down from their previous forecast of $1.77.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered OVERSEA-CHINESE/ADR from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine raised OVERSEA-CHINESE/ADR from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

Shares of OTCMKTS OVCHY opened at $17.31 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.75. The stock has a market cap of $35.66 billion, a PE ratio of 12.28, a P/E/G ratio of 1.94 and a beta of 0.43. OVERSEA-CHINESE/ADR has a 52 week low of $14.95 and a 52 week high of $21.27.

About OVERSEA-CHINESE/ADR

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides a range of products and services to individuals, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, bancassurance products, and structured deposits; and brokerage services.

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