Singapore Bank OCBC’s Shares Hit Record as Wealth Unit Shines

Oversea-Chinese Banking Corp. shares hit a fresh record as the wealth-management business outperforms, according to analysts.

OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago. The stock has underperformed Singapore’s benchmark Straits Times Index and its biggest company, DBS Group Holdings Ltd., year-to-date, but since the beginning of November it’s been besting both of those.