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

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

Several other research firms have also issued reports on OVCHY. ValuEngine raised OVERSEA-CHINESE/ADR from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered OVERSEA-CHINESE/ADR from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.

Shares of OVCHY opened at $17.31 on Thursday. OVERSEA-CHINESE/ADR has a 52-week low of $14.95 and a 52-week high of $21.27. The company has a market capitalization of $35.66 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.94 and a beta of 0.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.75.


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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