Citi 'positive' on OCBC's reported pullout of Bank Permata bidding

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Analysts are expected to watch OCBC's final dividend payout, against the latest report of OCBC dropping out of the Bank Permata bid.CITI Investment Research sees a"positive" impact on shares of OCBC after Singapore's second-largest bank reportedly ended its run to make an offer for Bank Permata.

"We see this as positive for the stock as we had previously opined that an Indonesia M&A (merger and...

 

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