Singapore, Feb 3, 2026, 15:06 SGT — Regular session
- OCBC shares gained roughly 0.9% in afternoon trading, last seen at S$21.29
- Filing reveals 1,777 treasury shares allocated to employee share schemes
- Investors are focusing on the Feb. 25 results to gauge dividends, margins, and the credit outlook
OCBC shares climbed roughly 0.9% to S$21.29 by Tuesday afternoon, with about 1.85 million shares changing hands. The stock fluctuated between S$21.22 and S$21.43 during the session. (Shareinvestor)
The timing of the move is more significant than its scale. OCBC will release its full-year 2025 results on Feb. 25 before the market opens. Traders are sharpening their focus on capital management and dividends at Singapore’s major banks. (SGX Links)
Outside the company, focus remains on whether loan demand is holding steady. Preliminary figures cited by The Business Times showed commercial banks’ loans and advances to residents climbed 1.5% in December, reaching S$886.1 billion. Business loans jumped 2% that month. OCBC economist Selena Ling highlighted a “growth turbo charge” from AI-related sectors late last year, while independent economist Song Seng Wun warned that global policy “flip flops” could pose a drag in 2026. (The Business Times)
On Monday, the bank reported it deployed 1,777 treasury shares for employee share schemes, valued at S$26,634.21. The latest filing revealed OCBC’s treasury shares dropped slightly to 10,775,643 from 10,777,420. (Shareinvestor)
Treasury shares are stock a company repurchased and holds on its balance sheet. Companies usually use them for staff incentives as a routine matter, but investors tracking buybacks, employee expenses, and capital return strategies still take notice.
OCBC appeared again in Singapore’s latest push on aviation fuel. The Civil Aviation Authority of Singapore (CAAS) and Singapore Sustainable Aviation Fuel Company Ltd. kicked off a voluntary trial for sustainable aviation fuel (SAF), a greener alternative to conventional jet fuel. Alongside OCBC, nine firms are involved, including DBS Group Holdings, Temasek Holdings, Google, and Singapore Airlines. CAAS Director-General Han Kok Juan said the trial aims to test “end-to-end” procurement and accounting processes. (CAAS – CWP)
For bank investors, margins continue to be the biggest wildcard. The net interest margin—the gap between loan earnings and deposit costs—can shift rapidly with changes in funding expenses. Usually, this impact appears first in guidance, well before dividends are adjusted.
There’s a risk, though. Should credit growth slow or bad loans rise, the optimism over payouts could vanish quickly. With the sector already having surged, there’s little room left for mistakes.
The stock’s tape shows traders are holding off on chasing today’s filing, instead parking risk ahead of the print. The real event to watch is Feb. 25, when OCBC’s dividend call, credit-cost updates, and any new insights on margins and loan demand will come into focus.
