OCBC's 4Q12 net profit expected to decline 13%

But strong GEH results will offset revenue impact.

Although DBS Vickers expects OCBC’s 4Q12 net profit to contract 13% q-o-q  stemming mainly from topline pressure, overall revenue impact could be offset with the strong set of GEH’s results. 

"Elsewhere, we expect modest growth from its wealth management platform from its emerging markets business. Provisions should  remain benign and NPL ratio still the lowest vs peers."