OCBC hits historic S$100 billion milestone as Singapore's banking sector surges. The bank's share price climbed 2.6% to S$22.55, marking a record high and making OCBC only the second Singapore-listed company to join this exclusive valuation club alongside DBS Group. Strong fourth-quarter earnings of S$1.75 billion and a potential 60% profit payout strategy are driving institutional investor interest. Meanwhile, First REIT divested its entire Indonesian portfolio for S$471.5 million to eliminate currency volatility, while ST Engineering secured a major S$600 million Kuwait defence contract for missile gunboat platform systems. These developments reflect robust regional market recovery and strategic corporate positioning in Asia-Pacific markets.
