DBS adjusts OCBC stock target to SGD 32.50

DBS adjusted its target for OCBC to SGD 32.50 on October 18, 2026, according to MarketScreener. OCBC was trading at EUR 20.23 at Lang & Schwarz on October 26, 2026 at 3:12 p.m. CEST.

Profit growth supports the case

OCBC reported first-half 2026 net profit of SGD 4.19 billion, up 13.00 percent from the year-earlier period. The bank also declared an interim dividend of SGD 0.47 per share, 15.00 percent above the SGD 0.41 paid a year earlier, according to OCBC on August 7, 2026. The earnings figure gives the analyst target a recent operating reference rather than leaving the valuation case to price movement alone.

OCBC remains below its yearly high

A Singapore-market comparison listed OCBC at SGD 28.95 on October 26, 2026, against a 52-week range of SGD 16.75 to SGD 32.57. That places the stock 11.12 percent below its 52-week high, with the quotation identified as SGX: O39 by Growbeansprout.

What does the target imply?

DBS's SGD 32.50 target stands 12.26 percent above the SGD 28.95 Singapore quotation. A higher target from UOB Kay Hian provides a second valuation marker: the firm maintained a Buy rating and a SGD 35.70 target on October 12, 2026, according to UOB Kay Hian. That target is 23.32 percent above the same Singapore price.

Euro quotation for German investors

The Lang & Schwarz quotation puts the Singapore bank at EUR 20.23 during the afternoon Berlin session. The operating figures, dividend increase and two dated targets give investors several separate reference points for assessing the stock before the next reported period.

At Lang & Schwarz, OCBC was trading at EUR 20.23 on October 26, 2026 at 3:12 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of OCBC stock.

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