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Oversea-Chinese Banking Corporation

Singapore Equities Research

05 August 2013

FYE Mar FY10 FY11 FY12F FY13F FY14F

Valuation Ratios

2 of 9

P/E (X), adj. 13.2 12.7 14.5 12.5 11.8

P/B (X) 1.6 1.6 1.6 1.6 1.5

1 Date: 19 July 2013 Our Ref.: Conversion to a Feeder Fund ...

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Oversea-Chinese Banking Corporation Singapore Equities Research 05 August 2013 FYE Mar FY10 FY11 FY12F FY13F FY14F Valuation Ratios 2 of 9 P/E (X), adj. 13.2 12.7 14.5 12.5 11.8 P/B (X) 1.6 1.6 1.6 1.6 1.5

Oversea-Chinese Banking Corporation Singapore Equities Research 05 August 2013 3 of 9

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OCBC - Under Construction Home - Phillip Securities Pte Ltd

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