OCBC Stock (SGX: O39) Outlook 2026: Record Highs, Dividend Upside, and the Risks Investors Should Watch (as of 25 Dec 2025)
OCBC shares closed at S$19.78 on 24 Dec 2025, near record highs after setting new peaks earlier in December. The rally has been driven by strong wealth management fee income and expectations of higher capital returns, despite falling interest margins. Bank of Singapore, OCBC’s private bank, reported assets under management above US$145 billion in Q3. Singapore markets were closed on 25 Dec for Christmas.