so a miss for ocbc.hey are expected to maintain their 50% dividend payout ratio target for 2024. . there was a lot of focus on dividends given expectations of a strong 2023 performance. what else we are tracking, the net interest -- rather, the focus, they expect the range to be 2.2% to 2.25% over 2024. they also see low single-digit loan growth next year, that was another focus of these earnings given that the prophets were looking to be driven more by the non-landing income, things like wealth fees and insurance as well. when you break it down, their net interest income for the fourth quarter was $811 million, roughly half of the overall income for the fourth-quarter period. their final dividend as share is at $.42. that is the last of the single port major banks to report. we had the arrivals dbs group and uov reporting full-year earnings at all-time highs. but ocbc's fourth-quarter net income was a bit of a miss, coming in at 1.6 2 billion singapore dollars. less shift now and look at how u.s. future

we are seeing ocbc cutting -- coming a little under the radar but still somewhat active. >> ocbc hastive in m&a, perhaps with less high-profile acquisitions than its peers after they acquired the retail units of citigroup in various regions in the asia-pacific. ocbc is in the process of acquiring the indonesian unit of commonwealth bank of australia and there is such high-growth potential in indonesia, it is an exciting opportunity, and metlife in malaysia. it's also important to note ocbc maintains a stronger capital buffer than its peers so it's on with the right money to invest and engage when the right opportunity does arise and grow organically and in organically over the mid to long term. >> that was bloomberg intelligence senior analyst for southeast asia banks in singapore. singapore trade opening in the top of the next hour. let's look at other corporate stories we are tracking. ebay shares with a strong holiday quarter, giving investors fresh hope following steep job let's. fourth-quarter profit was $1.07 a share on sales of $2.56 billion. ebay also added to billion dollars

also coming up, ocbc bank explains why they remain overweight in japan, neutral on the u.s., and europeand indonesia shares their thoughts on how the election results will impact the nation's economy and markets. market opens in tokyo and seoul next. this is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. >> this is daybreak asia, we are counting down to asia's major market opens. haidi: was to contend with, we have japan, the number surprising, slipping into recession, clouds of the way forward for the bank of japan, particularly with how strong the yen has been. we are also looking acros

ocbc is still owned by one of the key families, but they are no longer in management, so it will be interesting the grandchildren, the millennials, decide to be on the management or take a step back and do things a little differently. haslinda: but you kind of wonder how investors are looking at it and how they go about doing their business. patrick: there's not much being said so far, at least in public. i'm sure questions are being asked, is this bank ultimately going to be in play? will there be stakes being sold or inherited? these are the things investors are probably thinking right now, looking for some kind of continuity in the family role in that bank. haslinda: interesting. patrick winters there. that's too a check on how markets are shaping up as we await. crucial pci data out of the u.s. , crucial given that we had fed officials coming out to say that they are in no hurry to cut rates. markets precis and 80 basis point cut for the year, down from 150 -- pricing in 80 basis points cut for the year, down from 150. csi index up 0.9%. we know investors have begun to get back to the chine