OCBC Investment Research starts Hong Kong coverage

It's part of OCBC's expansion to Hong Kong.

OCBC Investment Research started covering Hong Kong stocks as part of its overseas expansion.

OCBC group corporate communications vice president Kelvin Ang told Singapore Business Review that the move is "part of our on-going plan to expand our coverage beyond the Singapore market to the Hong Kong market."

On its first day, the bank initially released reports on three companies, Fosun International, China State Construction International, and China Evergrande.

Moreover, Bloomberg reports that the bank plans to add 60 more listed stocks in Hong Kong, with 14 to 20 started by year-end. This would supplement the 50 Singaporean firms OCBC's analysts are covering.

Read the full report here.