Oriental Bank of Commerce share price target and research reports

Name: Latest research reports of Oriental Bank of Commerce authored by HDFC Securities and published by - Trendlyne research reports.
Item: Oriental Bank of Commerce
Rating: 3
Author: HDFC Securities

Latest analyst research reports with target prices and PDF download for ORIENTBANK, BSE:500315 Oriental Bank of Commerce

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Oriental Bank of Commerce

16 Aug 2016

Oriental Bank of Commerce (1QFY17): No respite from stress. Maintain NEUTRAL

Neutral: Oriental Bank of Commerce

Recommendation Target

HDFC Securities

OBC yet again disappointed with elevated slippages as high as 9.3%. The saving grace was that relapse from the restructured book contributed 44% to overall slippages. The operating performance remained dismal with elusive loan growth and NIMs dented by high interest reversals negating the impact of lower CoF. One-offs from provisions write back on restructured assets and high trading gains aided profitability.

Oriental Bank of Commerce

16 Aug 2016

Oriental Bank of Commerce: Asset quality pressure persists; Growth re

Neutral: Oriental Bank of Commerce

Target

Motilal Oswal

GNPA increased 17% QoQ to INR172b (11.5% of advances) driven by continuous pressure on the corporate loan book. Calculated PCR remained subdued at 32% (down ~60bp QoQ). Net stressed loans in...

Oriental Bank of Commerce

12 May 2016

OBC Q4FY16 Update 12May2016

Neutral: Oriental Bank of Commerce

Phillip Capital

8 OBC reported a loss of Rs 1.5bn at PBT level, however it managed to report meagre profitofRs216mnduetotaxwritebackofRs1.7bn. 8 NIIwasweak(+4%yoy)duetomutedcreditgrowth(2.5%yoy)andtepidNIMof2.65%....

Oriental Bank of Commerce

16 Feb 2016

Oriental Bank of Commerce (3QFY16): Undemanding valuations. Maintain BUY

Buy: Oriental Bank of Commerce

Target

HDFC Securities

OBC reported net loss (Rs 4.2bn) with weak PPOP (-24/23% YoY/QoQ) and higher LLP (Rs 14.5bn, 3.8% ann). Unlike most PSB peers (barring BoB), the bank implemented 80% of the RBI?s asset quality review (AQR) in 3Q. Slippages were elevated at ~Rs 40bn (10.5% ann. vs. 2.1% ann).

Oriental Bank of Commerce

15 Feb 2016

OBC Q3FY16 Update 15Feb2016

Neutral: Oriental Bank of Commerce

Recommendation Target

Phillip Capital

8 Preprovision profits declined (25%) led by weak NII, decline in noninterest income, and18%increaseinoperatingexpenses. 9 Assetquality deteriorated sharply as slippages amounted to Rs 39.8bn (Rs 7.7bn in...

Oriental Bank of Commerce

12 Feb 2016

Oriental Bank of Commerce: Negative asset quality surprise; Growth re

Neutral: Oriental Bank of Commerce

Motilal Oswal

Negative asset quality surprise; Growth remains moderate; Cut earnings by 50% OBC reported net loss of INR4.2b led by weak PPoP (-24% YoY) and sharp rise in credit costs (3.9% v/s 1.3% in 2Q). During 3QFY16, staff expenses (+30% YoY)...

Oriental Bank of Commerce

03 Nov 2015

Oriental Bank of Commerce (2QFY16): Undemanding valuations. Maintain BUY

Buy: Oriental Bank of Commerce

Target

HDFC Securities

OBC beat estimates across business parameters, led by (1) Gross stress additions (Rs 10.6bn) at a multi-quarter low, (2) Stable asset quality, with slippages of just Rs 7.7bn, (3) 200bps rise in PCR, (4) Negligible restructuring of Rs 2bn under the 5:25 scheme, (5) NIM expansion of ~11bps QoQ, (6) CASA improvement of 75bps QoQ to 25%, and (7) Core/net earnings 8/34% ahead of estimates.

Oriental Bank of Commerce

03 Nov 2015

OBC 3Nov2015

Buy: Oriental Bank of Commerce

Target

Phillip Capital

on the noncorporate loan segment (retail, agriculture, and MSME). Consequently, overall creditgrowthisexpectedtoremainsubduedat~7%inFY16duetoweakcreditofftakein the corporate loan book. We expect NIM at 2.6% in FY16 and 77% CAGR in earnings over...

Is Oriental Bank of Commerce worth buying?

32 Votes:

Buy 81.25%

Sell 15.62%

Hold 3.12%