Citi downgraded OCBC ( $OCBC Bank(O39.SI)$ ) to "sell" on 6 October with a $27.50 target, flagging flat 3Q earnings and a softer CET1 ratio (13.3%, down 70bps q-o-q) as risks to the stock's re-rating. Citi also pointed out OCBC's P/E has run up the most among local banks this year, leaving less buffer if sentiment turns. UOB Kay Hian disagrees, keeping OCBC as a top pick on 22% H1 earnings growth and wealth management strength. (Source: https://www.businesstimes.com.sg/companies-markets/rhb-optimistic-about-singapore-banks-even-ocbc-sheds-s8-billion-value) Weekly Chart: Uptrend Still Intact, but a Correction Is Underway OCBC weekly chart Zooming out on the weekly chart, OCBC’s broader uptrend since 2021 remains structurally intact. The sto