Oversea-Chinese Banking Corp Ltd (OTCPK:OVCHY)
$ 24.5121 0.8305 (3.51%) Market Cap: 55.14 Bil Enterprise Value: 77.90 Bil PE Ratio: 9.82 PB Ratio: 1.32 GF Score: 73/100
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Half Year 2020 Oversea-Chinese Banking Corporation Ltd Earnings Media Briefing Transcript

Aug 07, 2020 / NTS GMT
Release Date Price: $12.51 (-2.19%)
Unidentified Company Representative

Hi. Good morning. Thank you for joining us this morning to our -- at our results earnings call. On today, who we have on our panel with Mr. Samuel Tsien, our group CEO; Ms. Helen Wong, which is our Deputy President; and Mr. Ching Wei Hong, our Deputy President; as well as Darren Tan, our CFO.

So we're going to start with Darren kind of taking us through our presentation slides on our results for first half as well as second quarter. And thereafter, we will take questions. (Operator Instructions)

Darren, please.

Siew Peng Tan
Oversea-Chinese Banking Corporation Limited - Executive VP & CFO

Yes. Good morning. Thank you for joining us today. I will point you to Slide 4. Now you can see from Slide 4, our net profit for the first half of 2020 was $1.43 billion, is down 42% year-on-year as compared to $2.45 billion in the previous year. Now for the second quarter, our net profit was 5% higher at $730 million, and this compares to $698 million in the first quarter of 2020.

I'll move on to Slide 5. If you were

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