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Oriental Bank of Commerce (ICICI securities) Steady performance in tough scenario |
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Business to grow at 19% CAGR over FY11-13E;Slippages to remain high in Q2FY12 as well | Date | Rating | Target Price | Recommendation Price | Broker house | | 29 Jul 2011 | buy (from hold) | 410 (from 374) | 353 | ICICI securities Report | |
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Oriental Bank of Commerce (Angel) NIM remains stable sequentially; slippages decline |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 29 Jul 2011 | accumulate | 383 | 351 | Angel Report | |
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Oriental Bank of Commerce (Citi) 1QFY12 Results: Quantitatively Fine; Quality Modest |
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1Q12 profits down 2%yoy, modest quality; but ahead of estimates;P&L: Modest NIM decline, strong trading gains, but costs higher;Balance Sheet: Modest growth, quality;Valuations the key attraction | Date | Rating | Target Price | Recommendation Price | Broker house | | 25 Jul 2011 | buy | 370 | 355 | Citi Report | |
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Oriental Bank of Commerce (Citi) Modest Fundamentals, but Cheap Valuations |
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Revising earnings down by 12-14% over FY12-13E;Modest franchise, asset quality risks relatively high;Valuations are cheap, maintain Buy | Date | Rating | Target Price | Recommendation Price | Broker house | | 21 Jun 2011 | buy | 370 (from 400) | 315 | Citi Report | |
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oriental bank of commerce (ICICIsec) Negatives seem to be priced in |
Asset quality slips further; Ad-hoc provision for retirement benefits save PAT from one-off hit
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Reports.DesiStockResearch.com |
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oriental bank of commerce (Angel) Strong sequential business growth, but with higher slippages |
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oriental bank of commerce (Citi) 4Q11 Results: Modest Business, but Valuations Cheap |
4Q11 Profits up 5%, well below estimates; P&L: Lower NIMs, sluggish core fee growth and high credit costs; Balance Sheet: Lower growth, strain in quality; Modest numbers, but valuations relatively cheap
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 2 May 2011 |
buy |
400 |
332 |
Citi Report |
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Reports.DesiStockResearch.com |
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oriental bank of commerce (ICICIsec) Asset Quality strained: a negative surprise |
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oriental bank of commerce (Citi) 3Q11: Mixed Results, but Stock Looks Cheap |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 1 Feb 2011 |
buy |
400 (From 390) |
331 |
Citi Report |
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Reports.DesiStockResearch.com |
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oriental bank of commerce (angel) Moderate business growth with deteriorating asset quality |
