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investors licking wound after keppel sold its keppel bank and spc and sit on paper losses for more than 10 years

Published

26 Jan 2015, 11:50 am SGT

SINGAPORE - Analysts recommended on Monday that Keppel Land shareholders accept parent company Keppel Corp' s buyout offer for the mainboard-listed property developer, but they were not as positive about what the takeover would mean for KepCorp.
KepCorp will be paying a hefty price to take KepLand private and the benefits of this move are not immediately obvious, they said.
It is offering a two-tier price for the KepLand shares it does not already own: a base one of $4.38 apiece and $4.60 if it successfully buys over KepLand. This offer price includes KepLand' s proposed 14-cent dividend.

Analysts said that KepLand shareholders would do well to accept KepCorp' s offer, partly given the uncertain outlook for the developer' s core markets, Singapore and China.
KepCorp, however, may see its share price weaken over the next few days, they added.
" Given the rich price offered for KepLand and that synergies for the combination may not be immediately apparent, there may be some near-term weakness in KepCorp' s share price," OCBC Investment Research said in a note on Monday morning.

" We incorporate a higher conglomerate discount of 10 per cent (from 5 per cent previously) for the privatisation of KepLand ... our fair value estimate drops from $9.89 to $9.14." The value of a diversified company may often be weighed down by a so-called " conglomerate discount" on the sum of its parts.
Maybank Kim Eng also said in a note to clients on Monday that KepCorp' s takeover of KepLand may be a move to " buttress its earnings and plug a potential offshore and marine earnings gap should rig orders dry up" .
However, analysts said that KepCorp still had potential to rise in the longer term.
KepCorp chief executive Loh Chin Hua told a briefing on Friday last week that the conglomerate has made major moves in the past that the market " did not fully appreciate" at the time.
One example he cited was the development of the site of its old shipyard at Keppel Bay into private condominiums. It had to pay a development charge of about $1 billion to convert the site to residential use, but the properties there are now a source of good returns, he said. " Even now, every unit we sell in Keppel Bay goes straight to our bottomline because costs are quite low."
KepCorp shares rose 12 cents, or 1.5 per cent, to $8.22 by around 11.30am on Monday. KepLand rose 89 cents. or 24.4 per cent, to $4.54, its highest since April 2011.

chartistkao1 ( Date: 18-Apr-2023 13:40) Posted:

too late it is a good buy when temasek try to privatise keppep corp at $7.35
SINGAPORE - Keppel Corp delivered a total shareholder return of 49.3 per cent for the whole of 2022, compared with the Straits Times Index&rsquo s (STI) 8.4 per cent.
Also, Keppel&rsquo s total shareholder return reached 77.7 per cent over a 15-month period from January 2022 to end-March 2023, following the completion of the offshore & marine (O& M) transactions and the distribution in specie of Sembcorp Marine shares to Keppel shareholders.
In comparison, the STI&rsquo s total shareholder return for the same 15-month period was 9.2 per cent.
This was among Keppel&rsquo s responses to questions raised by shareholders ahead of its annual general meeting due to be held on Friday.
Replying to a question on why the company disposed of Keppel O& M just as the latter was starting to turn things around, Keppel said earnings from the O& M unit had been very volatile in recent years.
&ldquo Over the past five years, it ranged from a net profit of $157 million in 2019 to a net loss of $768 million in 2020. On average, the O& M business sustained an annual net loss of $178 million from FY2018 to FY2022,&rdquo it said.

Through the combination of Keppel O& M and Sembmarine, Keppel had a disposal gain of about $3.3 billion.
&ldquo Together with the vendor notes issued to Keppel from the sale of the legacy rigs to Asset Co, for which we will be repaid over time, as well as the out-of-scope assets, Keppel is unlocking close to $9.4 billion of value from the O& M transactions,&rdquo it said.
The vendor notes come with a coupon rate of 4 per cent that translates into some $170 million of interest income per annum.
&ldquo We will also benefit from a redemption premium equal to 5 per cent of the outstanding principal amount if and when the vendor notes are redeemed,&rdquo Keppel added.

Keppel said it is moving forward to transform itself into a global asset manager and operator to harness its capabilities in energy and environment, urban development and connectivity. It added that it has made significant progress in asset monetisation since October 2020, with more than $4.6 billion in asset monetisation announced by end-December 2022.
It said the company is on track to exceed the $5 billion target in 2023.
Asked how Keppel would negotiate the challenging global operating environment, the company replied that it has a strong track record for managing funds and playing a fiduciary role in looking after investors&rsquo interests.
&ldquo This, coupled with our strong operating capabilities in energy and environment, urban development and connectivity solutions, presents a strong value proposition to investors of our private funds and listed Reits (real estate investment trusts) and business trust.&rdquo
Keppel said that despite offloading Keppel O& M, it continues to retain strong domain knowledge and engineering and operational expertise in energy and environment, urban development and connectivity.

More On This Topic

Keppel aims to quadruple assets under management to $200 billion by 2030

Keppel subsidiary to sell remaining stake in Philippines property for 8 billion pesos

The company also reiterated its objective of maintaining a generous but sustainable dividend policy.
&ldquo While we do not have a specific dividend policy, the board and the management are cognisant that dividends are an important consideration for our shareholders. We have in recent years endeavoured to pay out about 50-60 per cent of our earnings.&rdquo
In addition to its asset monetisation strategy, growing recurring income is a key tenet of Keppel&rsquo s Vision 2030 plans. As the group&rsquo s recurring income increases, it will have greater confidence to pay out more of earnings as dividends, Keppel noted.

chartistkao1 ( Date: 18-Apr-2023 09:55) Posted:

when the western banking system weaken it is only way for china to step up its reform and strengthen its bank
https://www.cfbond.com/2023/03/21/wap_991008723.html

chartistkao1 ( Date: 18-Apr-2023 09:52) Posted:

after their listing honeymoon in 2006 this is the only chance to strength their system when the us banking system weaken in 202

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when the western banking system weaken it is only way for china to step up its reform and strengthen its bank
https://www.cfbond.com/2023/03/21/wap_991008723.html

chartistkao1 ( Date: 18-Apr-2023 09:52) Posted:

after their listing honeymoon in 2006 this is the only chance to strength their system when the us banking system weaken in 2023

chartistkao1 ( Date: 18-Apr-2023 09:49) Posted:

number 1 task is to make the bank sound and stable
http://www.gov.cn/xinwen/2023-01/16/content_5737140.ht

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after their listing honeymoon in 2006 this is the only chance to strength their system when the us banking system weaken in 2023

chartistkao1 ( Date: 18-Apr-2023 09:49) Posted:

number 1 task is to make the bank sound and stable
http://www.gov.cn/xinwen/2023-01/16/content_5737140.htm

chartistkao1 ( Date: 18-Apr-2023 09:43) Posted:

2023 main job for second largest economy central banker is to make sure that the 4 major bankers will not collapse like silcon valley bank, signature and silvergate and credit sussie bank
https://m.yicai.com/news/101641240.htm

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number 1 task is to make the bank sound and stable
http://www.gov.cn/xinwen/2023-01/16/content_5737140.htm

chartistkao1 ( Date: 18-Apr-2023 09:43) Posted:

2023 main job for second largest economy central banker is to make sure that the 4 major bankers will not collapse like silcon valley bank, signature and silvergate and credit sussie bank
https://m.yicai.com/news/101641240.html

chartistkao1 ( Date: 18-Apr-2023 09:39) Posted:

http://www.stcn.com/article/detail/819074.htm

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2023 main job for second largest economy central banker is to make sure that the 4 major bankers will not collapse like silcon valley bank, signature and silvergate and credit sussie bank
https://m.yicai.com/news/101641240.html

chartistkao1 ( Date: 18-Apr-2023 09:39) Posted:

http://www.stcn.com/article/detail/819074.html

chartistkao1 ( Date: 18-Apr-2023 09:32) Posted:

http://www.news.cn/fortune/2023-03/28/c_1129469630.ht

x 0

http://www.stcn.com/article/detail/819074.html

chartistkao1 ( Date: 18-Apr-2023 09:32) Posted:

http://www.news.cn/fortune/2023-03/28/c_1129469630.htm

chartistkao1 ( Date: 18-Apr-2023 09:29) Posted:

全球 紧缩 拐点或在 2023年中，缩表可能持续更长

http://paper.people.com.cn/gjjrb/html/2023-03/20/content_25971106.htm

x 0

http://www.news.cn/fortune/2023-03/28/c_1129469630.htm

chartistkao1 ( Date: 18-Apr-2023 09:29) Posted:

全球 紧缩 拐点或在 2023年中，缩表可能持续更长

http://paper.people.com.cn/gjjrb/html/2023-03/20/content_25971106.htm

chartistkao1 ( Date: 18-Apr-2023 09:07) Posted:

and wait for big shareholder to sell dbs to 2020 price of $17 to save any sector when us goes default on its debt in jun

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全球 紧缩 拐点或在 2023年中，缩表可能持续更长

http://paper.people.com.cn/gjjrb/html/2023-03/20/content_25971106.htm

chartistkao1 ( Date: 18-Apr-2023 09:07) Posted:

and wait for big shareholder to sell dbs to 2020 price of $17 to save any sector when us goes default on its debt in june

chartistkao1 ( Date: 18-Apr-2023 09:05) Posted:

selling dbs after ex dividend and exchange for uob share at $30 to get uob dividend before ex-28/4/2023

https://www.dividends.sg/view/D05

dbs -gain $2.66

uob-$30 and dividend $0.75

https://www.dividends.sg/view/D05

$2.66 plus $0.75=$3.41

x 0

and wait for big shareholder to sell dbs to 2020 price of $17 to save any sector when us goes default on its debt in june

chartistkao1 ( Date: 18-Apr-2023 09:05) Posted:

selling dbs after ex dividend and exchange for uob share at $30 to get uob dividend before ex-28/4/2023

https://www.dividends.sg/view/D05

dbs -gain $2.66

uob-$30 and dividend $0.75

https://www.dividends.sg/view/D05

$2.66 plus $0.75=$3.41

chartistkao1 ( Date: 14-Apr-2023 09:56) Posted:

When the yield on Singapore T-bills falls, it means that the price of the T-bills has increased. This happens when there is high demand for the T-bills in the market, which drives up their price and pushes down their yield.
There are several reasons why the demand for T-bills may increase, leading to a fall in yield:

Economic uncertainty: When investors are uncertain about the economy, they tend to flock to safe-haven assets like T-bills. This increases demand for the T-bills and drives down their yield.
Monetary policy: When the Monetary Authority of Singapore (MAS) loosens monetary policy by cutting interest rates or increasing money supply, it can increase demand for T-bills, as they become relatively more attractive compared to other investments. This can lead to a fall in T-bill yield.
Foreign demand: T-bills are attractive to foreign investors due to their stability and low default risk. If there is high foreign demand for T-bills, it can drive up their price and push down their yield.
Supply and demand dynamics: If the supply of T-bills is low compared to demand, it can lead to a fall in yield as investors bid up the price to get their hands on the limited supply.

In general, a fall in T-bill yield indicates that there is high demand for these safe-haven assets, which can be driven by a variety of factors, as described above.

x 0

selling dbs after ex dividend and exchange for uob share at $30 to get uob dividend before ex-28/4/2023

https://www.dividends.sg/view/D05

dbs -gain $2.66

uob-$30 and dividend $0.75

https://www.dividends.sg/view/D05

$2.66 plus $0.75=$3.41

chartistkao1 ( Date: 14-Apr-2023 09:56) Posted:

When the yield on Singapore T-bills falls, it means that the price of the T-bills has increased. This happens when there is high demand for the T-bills in the market, which drives up their price and pushes down their yield.
There are several reasons why the demand for T-bills may increase, leading to a fall in yield:

Economic uncertainty: When investors are uncertain about the economy, they tend to flock to safe-haven assets like T-bills. This increases demand for the T-bills and drives down their yield.
Monetary policy: When the Monetary Authority of Singapore (MAS) loosens monetary policy by cutting interest rates or increasing money supply, it can increase demand for T-bills, as they become relatively more attractive compared to other investments. This can lead to a fall in T-bill yield.
Foreign demand: T-bills are attractive to foreign investors due to their stability and low default risk. If there is high foreign demand for T-bills, it can drive up their price and push down their yield.
Supply and demand dynamics: If the supply of T-bills is low compared to demand, it can lead to a fall in yield as investors bid up the price to get their hands on the limited supply.

In general, a fall in T-bill yield indicates that there is high demand for these safe-haven assets, which can be driven by a variety of factors, as described above.

chartistkao1 ( Date: 14-Apr-2023 09:43) Posted:

MAS (Monetary Authority of Singapore) can tighten monetary policy in several ways:

Increase interest rates: MAS can raise the interest rates at which it lends to banks, which can then raise their lending rates to consumers and businesses. This makes borrowing more expensive, which reduces spending and investment, and helps to curb inflation.
Increase reserve requirements: MAS can increase the reserve requirements that banks must hold, which reduces the amount of money they have available to lend. This can also help to reduce inflation by slowing down economic activity.
Reduce the money supply: MAS can sell government securities, which reduces the amount of money in circulation. This can also help to reduce inflation by slowing down economic activity.
Adjust the exchange rate: As Singapore' s currency is managed against a basket of currencies, MAS can adjust the exchange rate by increasing the slope or width of the currency band. This makes the Singapore dollar more expensive, which can reduce import prices and help to reduce inflation.

usd sgd 1.3256

x 0

When the yield on Singapore T-bills falls, it means that the price of the T-bills has increased. This happens when there is high demand for the T-bills in the market, which drives up their price and pushes down their yield.
There are several reasons why the demand for T-bills may increase, leading to a fall in yield:

Economic uncertainty: When investors are uncertain about the economy, they tend to flock to safe-haven assets like T-bills. This increases demand for the T-bills and drives down their yield.
Monetary policy: When the Monetary Authority of Singapore (MAS) loosens monetary policy by cutting interest rates or increasing money supply, it can increase demand for T-bills, as they become relatively more attractive compared to other investments. This can lead to a fall in T-bill yield.
Foreign demand: T-bills are attractive to foreign investors due to their stability and low default risk. If there is high foreign demand for T-bills, it can drive up their price and push down their yield.
Supply and demand dynamics: If the supply of T-bills is low compared to demand, it can lead to a fall in yield as investors bid up the price to get their hands on the limited supply.

In general, a fall in T-bill yield indicates that there is high demand for these safe-haven assets, which can be driven by a variety of factors, as described above.

chartistkao1 ( Date: 14-Apr-2023 09:43) Posted:

MAS (Monetary Authority of Singapore) can tighten monetary policy in several ways:

Increase interest rates: MAS can raise the interest rates at which it lends to banks, which can then raise their lending rates to consumers and businesses. This makes borrowing more expensive, which reduces spending and investment, and helps to curb inflation.
Increase reserve requirements: MAS can increase the reserve requirements that banks must hold, which reduces the amount of money they have available to lend. This can also help to reduce inflation by slowing down economic activity.
Reduce the money supply: MAS can sell government securities, which reduces the amount of money in circulation. This can also help to reduce inflation by slowing down economic activity.
Adjust the exchange rate: As Singapore' s currency is managed against a basket of currencies, MAS can adjust the exchange rate by increasing the slope or width of the currency band. This makes the Singapore dollar more expensive, which can reduce import prices and help to reduce inflation.

usd sgd 1.3256

chartistkao1 ( Date: 14-Apr-2023 09:32) Posted:

the four china banks or buy uob
https://links.sgx.com/FileOpen/UOB%20AR2022.ashx?App=Announcement& FileID=75071

x 0

MAS (Monetary Authority of Singapore) can tighten monetary policy in several ways:

Increase interest rates: MAS can raise the interest rates at which it lends to banks, which can then raise their lending rates to consumers and businesses. This makes borrowing more expensive, which reduces spending and investment, and helps to curb inflation.
Increase reserve requirements: MAS can increase the reserve requirements that banks must hold, which reduces the amount of money they have available to lend. This can also help to reduce inflation by slowing down economic activity.
Reduce the money supply: MAS can sell government securities, which reduces the amount of money in circulation. This can also help to reduce inflation by slowing down economic activity.
Adjust the exchange rate: As Singapore' s currency is managed against a basket of currencies, MAS can adjust the exchange rate by increasing the slope or width of the currency band. This makes the Singapore dollar more expensive, which can reduce import prices and help to reduce inflation.

usd sgd 1.3256

chartistkao1 ( Date: 14-Apr-2023 09:32) Posted:

the four china banks or buy uob
https://links.sgx.com/FileOpen/UOB%20AR2022.ashx?App=Announcement& FileID=750711

chartistkao1 ( Date: 13-Apr-2023 16:52) Posted:

https://finance.yahoo.com/news/tech-giants-drag-hang-seng-043913975.html

https://seekingalpha.com/news/3955870-tencent-repurchased-930k-shares-for-353m

x 0

the four china banks or buy uob
https://links.sgx.com/FileOpen/UOB%20AR2022.ashx?App=Announcement& FileID=750711

chartistkao1 ( Date: 13-Apr-2023 16:52) Posted:

https://finance.yahoo.com/news/tech-giants-drag-hang-seng-043913975.html

https://seekingalpha.com/news/3955870-tencent-repurchased-930k-shares-for-353m

chartistkao1 ( Date: 06-Apr-2023 15:28) Posted:

https://finance.sina.com.cn/stock/hkstock/hkstocknews/2023-03-29/doc-imynpyey8245984.shtml

https://www.offshore-technology.com/news/petrochina-profits-2022/

x 0

https://finance.yahoo.com/news/tech-giants-drag-hang-seng-043913975.html

https://seekingalpha.com/news/3955870-tencent-repurchased-930k-shares-for-353m

chartistkao1 ( Date: 06-Apr-2023 15:28) Posted:

https://finance.sina.com.cn/stock/hkstock/hkstocknews/2023-03-29/doc-imynpyey8245984.shtml

https://www.offshore-technology.com/news/petrochina-profits-2022/

chartistkao1 ( Date: 06-Apr-2023 15:25) Posted:

https://www.marketscreener.com/quote/index/SHANGHAI-STOCK-EXCHANGE-B-11252822/news/China-Central-Bank-Injects-4-Billion-Yuan-in-Short-Term-Liquidity-into-Banks-43430493/

The People' s Bank of China (PBOC), which is China' s central bank, injects yuan into banks for a variety of reasons. One of the main reasons is to ensure that there is sufficient liquidity in the banking system, which is important for maintaining financial stability and supporting economic growth.
When the PBOC injects yuan into banks, it is essentially providing them with additional funds that they can use to make loans and support economic activity. This can help to stimulate lending and investment, which in turn can boost economic growth.
Another reason why the PBOC might inject yuan into banks is to manage interest rates. By providing additional funds to banks, the PBOC can help to lower short-term interest rates, which can make borrowing cheaper and stimulate economic activity.
In addition, the PBOC may inject yuan into banks to support specific sectors or regions of the economy. For example, during the COVID-19 pandemic, the PBOC provided funding to banks to support small and medium-sized enterprises, which were particularly hard-hit by the economic downturn.
Finally, the PBOC may inject yuan into banks to support the exchange rate of the yuan. By providing additional funds to banks, the PBOC can help to support the value of the yuan, which can make Chinese exports more competitive and support economic growth.
In conclusion, the PBOC injects yuan into banks for a variety of reasons, including to ensure sufficient liquidity in the banking system, manage interest rates, support specific sectors or regions of the economy, and support the exchange rate of the yuan.

x 0

https://finance.sina.com.cn/stock/hkstock/hkstocknews/2023-03-29/doc-imynpyey8245984.shtml

https://www.offshore-technology.com/news/petrochina-profits-2022/

chartistkao1 ( Date: 06-Apr-2023 15:25) Posted:

https://www.marketscreener.com/quote/index/SHANGHAI-STOCK-EXCHANGE-B-11252822/news/China-Central-Bank-Injects-4-Billion-Yuan-in-Short-Term-Liquidity-into-Banks-43430493/

The People' s Bank of China (PBOC), which is China' s central bank, injects yuan into banks for a variety of reasons. One of the main reasons is to ensure that there is sufficient liquidity in the banking system, which is important for maintaining financial stability and supporting economic growth.
When the PBOC injects yuan into banks, it is essentially providing them with additional funds that they can use to make loans and support economic activity. This can help to stimulate lending and investment, which in turn can boost economic growth.
Another reason why the PBOC might inject yuan into banks is to manage interest rates. By providing additional funds to banks, the PBOC can help to lower short-term interest rates, which can make borrowing cheaper and stimulate economic activity.
In addition, the PBOC may inject yuan into banks to support specific sectors or regions of the economy. For example, during the COVID-19 pandemic, the PBOC provided funding to banks to support small and medium-sized enterprises, which were particularly hard-hit by the economic downturn.
Finally, the PBOC may inject yuan into banks to support the exchange rate of the yuan. By providing additional funds to banks, the PBOC can help to support the value of the yuan, which can make Chinese exports more competitive and support economic growth.
In conclusion, the PBOC injects yuan into banks for a variety of reasons, including to ensure sufficient liquidity in the banking system, manage interest rates, support specific sectors or regions of the economy, and support the exchange rate of the yuan.

chartistkao1 ( Date: 16-Mar-2023 13:34) Posted:

http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=02318

https://finance.sina.com.cn/jjxw/2023-03-16/doc-imykzspx7798207.shtml

x 0

https://www.marketscreener.com/quote/index/SHANGHAI-STOCK-EXCHANGE-B-11252822/news/China-Central-Bank-Injects-4-Billion-Yuan-in-Short-Term-Liquidity-into-Banks-43430493/

The People' s Bank of China (PBOC), which is China' s central bank, injects yuan into banks for a variety of reasons. One of the main reasons is to ensure that there is sufficient liquidity in the banking system, which is important for maintaining financial stability and supporting economic growth.
When the PBOC injects yuan into banks, it is essentially providing them with additional funds that they can use to make loans and support economic activity. This can help to stimulate lending and investment, which in turn can boost economic growth.
Another reason why the PBOC might inject yuan into banks is to manage interest rates. By providing additional funds to banks, the PBOC can help to lower short-term interest rates, which can make borrowing cheaper and stimulate economic activity.
In addition, the PBOC may inject yuan into banks to support specific sectors or regions of the economy. For example, during the COVID-19 pandemic, the PBOC provided funding to banks to support small and medium-sized enterprises, which were particularly hard-hit by the economic downturn.
Finally, the PBOC may inject yuan into banks to support the exchange rate of the yuan. By providing additional funds to banks, the PBOC can help to support the value of the yuan, which can make Chinese exports more competitive and support economic growth.
In conclusion, the PBOC injects yuan into banks for a variety of reasons, including to ensure sufficient liquidity in the banking system, manage interest rates, support specific sectors or regions of the economy, and support the exchange rate of the yuan.

chartistkao1 ( Date: 16-Mar-2023 13:34) Posted:

http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=02318

https://finance.sina.com.cn/jjxw/2023-03-16/doc-imykzspx7798207.shtml

chartistkao1 ( Date: 24-Feb-2023 09:52) Posted:

Giant operator Dairy Farm sells grocery business to Malaysian company

BY

VASANTHA GANESAN

theedgemarkets.com

KUALA LUMPUR (Feb 23): DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery retail industry.
In a statement on Thursday (Feb 23), the group said it had entered into an agreement with a Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim to sell all of DFI&rsquo s food businesses in Malaysia, including Giant.
DFI operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant Mini stores. The deal is expected to be completed in early March 2023.
Lim is the group deputy chairman of SOGO Department Store Sdn Bhd and the executive chairman of GAMA Group, which owns and operates GAMA Supermarket & Departmental Store in Penang.
The announcement confirms The Edge&rsquo s report that DFI would be selling its grocery business in Malaysia.
DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd, a company linked to Negeri Sembilan royalty.
A company called Macrovalue Sdn Bhd was incorporated to take over GCH Retail.
Macrovalue is equally owned by USP Resources Sdn Bhd and Gyap Holdings Sdn Bhd. Lim owns all but one share of USP Resources.
USP Resources wholly owns GAMA. USP Equity Sdn Bhd, in which USP Resources holds 50%, owns 90% of SOGO (KL). This means that effectively, SOGO, GAMA and GCH Retail will now have a common shareholder.
Meanwhile, Gyap is 90% owned by Datuk Gary Yap Keng Fatt and 10% by Yap Lin Han. Yap is said to be the person behind Euro Deli Shop Sdn Bhd, a company that specialises in imported meat and sausages from Europe.
DFI says the new retail group shares similar beliefs as DFI in delivering great quality, service and value to customers.
&ldquo By bringing these businesses together, under experienced local ownership, both customers and team members will continue to benefit from the positive changes to Giant, Cold Storage and Mercato that have taken place in recent years, forging an exciting platform for future growth through deep market knowledge, brand investment and competitive strength,&rdquo DFI said.
The new owners plan to retain all 2,500 staff.
GCH, which had aggressively shut stores in Malaysia since 2019, bringing the total number of stores to less than half by 2021, undertook a revamping, resizing and repositioning exercise to return to the black. It also started opening Giant Mini.
Between 2014 and 2019, GCH was in the red. It returned to the black in 2020, posting RM12.23 million net profit.
However, it slipped back into the red in FY2021. It is yet to file its financials for the year ended Dec 31, 2022. In FY2021, the retailer posted a net loss of RM106.17 million on the back of RM2.38 billion in revenue.
It had total liabilities of RM2.71 billion and total assets of RM1.23 billion.
The statement did not reveal how much the business was sold for.
While sources say that the deal is valued &ldquo at least a couple of billion ringgit&rdquo , some say that the new owners may be assuming the debt of GCH as part of the purchase price.
Commenting on the deal, DFI' s CEO for Southeast Asia, Chris Bush, said: " We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members. This is a win for both our customers and team members &mdash by combining our food business with the local retail group&rsquo s other retail businesses, this will provide greater competitiveness, service and value for customers in Malaysia."
He said he has complete confidence in the future success of the food business under their leadership, and that it is the best outcome for all.
Meanwhile, Lim said as the new owner, Macrovalue will endeavour to the best of its abilities to add value and to enhance the respective brand equities of the Cold Storage, TMC, Giant and Mercato brand names in Malaysia.
GCH entered the country in 1999 via the purchase of a 90% stake in the Giant business, which was then operated by the Teng family. At the time, there were seven stores &mdash five supermarkets and two hypermarkets.
DFI is incorporated in Bermuda and has a main listing on the London Stock Exchange and secondary listings in Bermuda and Singapore. It is not known how the sale of the Malaysian business will impact the listed entities.
Meanwhile, DFI stressed that it will continue to operate the health and beauty chain under Guardian Health & Beauty Sdn Bhd.
Bush says DFI remains fully committed to its retail business in Malaysia, sharpening its strategic focus on the fast-growing health and beauty business and will continue to wholly own and operate Guardian Health and Beauty stores. &ldquo The company has exciting plans over the next two years &mdash continuing to refresh the Guardian store format and significantly expanding its store network (currently over 500), with the expected creation of hundreds of jobs,&rdquo Bush said.
He adds that the transition will enable it to focus its priorities exclusively on the expansion of its Guardian Health and Beauty business in Malaysia.
" We are very excited by the opportunities for Guardian as it continues to grow rapidly, bolstered by the significant expansion of our store network, store refurbishments and improved customer offerings. This move will allow us to have an even greater impact for our customers as we build on our strengths in delivering excellence to our customers every day," he added.

x 0

http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=02318

https://finance.sina.com.cn/jjxw/2023-03-16/doc-imykzspx7798207.shtml

chartistkao1 ( Date: 24-Feb-2023 09:52) Posted:

Giant operator Dairy Farm sells grocery business to Malaysian company

BY

VASANTHA GANESAN

theedgemarkets.com

KUALA LUMPUR (Feb 23): DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery retail industry.
In a statement on Thursday (Feb 23), the group said it had entered into an agreement with a Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim to sell all of DFI&rsquo s food businesses in Malaysia, including Giant.
DFI operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant Mini stores. The deal is expected to be completed in early March 2023.
Lim is the group deputy chairman of SOGO Department Store Sdn Bhd and the executive chairman of GAMA Group, which owns and operates GAMA Supermarket & Departmental Store in Penang.
The announcement confirms The Edge&rsquo s report that DFI would be selling its grocery business in Malaysia.
DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd, a company linked to Negeri Sembilan royalty.
A company called Macrovalue Sdn Bhd was incorporated to take over GCH Retail.
Macrovalue is equally owned by USP Resources Sdn Bhd and Gyap Holdings Sdn Bhd. Lim owns all but one share of USP Resources.
USP Resources wholly owns GAMA. USP Equity Sdn Bhd, in which USP Resources holds 50%, owns 90% of SOGO (KL). This means that effectively, SOGO, GAMA and GCH Retail will now have a common shareholder.
Meanwhile, Gyap is 90% owned by Datuk Gary Yap Keng Fatt and 10% by Yap Lin Han. Yap is said to be the person behind Euro Deli Shop Sdn Bhd, a company that specialises in imported meat and sausages from Europe.
DFI says the new retail group shares similar beliefs as DFI in delivering great quality, service and value to customers.
&ldquo By bringing these businesses together, under experienced local ownership, both customers and team members will continue to benefit from the positive changes to Giant, Cold Storage and Mercato that have taken place in recent years, forging an exciting platform for future growth through deep market knowledge, brand investment and competitive strength,&rdquo DFI said.
The new owners plan to retain all 2,500 staff.
GCH, which had aggressively shut stores in Malaysia since 2019, bringing the total number of stores to less than half by 2021, undertook a revamping, resizing and repositioning exercise to return to the black. It also started opening Giant Mini.
Between 2014 and 2019, GCH was in the red. It returned to the black in 2020, posting RM12.23 million net profit.
However, it slipped back into the red in FY2021. It is yet to file its financials for the year ended Dec 31, 2022. In FY2021, the retailer posted a net loss of RM106.17 million on the back of RM2.38 billion in revenue.
It had total liabilities of RM2.71 billion and total assets of RM1.23 billion.
The statement did not reveal how much the business was sold for.
While sources say that the deal is valued &ldquo at least a couple of billion ringgit&rdquo , some say that the new owners may be assuming the debt of GCH as part of the purchase price.
Commenting on the deal, DFI' s CEO for Southeast Asia, Chris Bush, said: " We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members. This is a win for both our customers and team members &mdash by combining our food business with the local retail group&rsquo s other retail businesses, this will provide greater competitiveness, service and value for customers in Malaysia."
He said he has complete confidence in the future success of the food business under their leadership, and that it is the best outcome for all.
Meanwhile, Lim said as the new owner, Macrovalue will endeavour to the best of its abilities to add value and to enhance the respective brand equities of the Cold Storage, TMC, Giant and Mercato brand names in Malaysia.
GCH entered the country in 1999 via the purchase of a 90% stake in the Giant business, which was then operated by the Teng family. At the time, there were seven stores &mdash five supermarkets and two hypermarkets.
DFI is incorporated in Bermuda and has a main listing on the London Stock Exchange and secondary listings in Bermuda and Singapore. It is not known how the sale of the Malaysian business will impact the listed entities.
Meanwhile, DFI stressed that it will continue to operate the health and beauty chain under Guardian Health & Beauty Sdn Bhd.
Bush says DFI remains fully committed to its retail business in Malaysia, sharpening its strategic focus on the fast-growing health and beauty business and will continue to wholly own and operate Guardian Health and Beauty stores. &ldquo The company has exciting plans over the next two years &mdash continuing to refresh the Guardian store format and significantly expanding its store network (currently over 500), with the expected creation of hundreds of jobs,&rdquo Bush said.
He adds that the transition will enable it to focus its priorities exclusively on the expansion of its Guardian Health and Beauty business in Malaysia.
" We are very excited by the opportunities for Guardian as it continues to grow rapidly, bolstered by the significant expansion of our store network, store refurbishments and improved customer offerings. This move will allow us to have an even greater impact for our customers as we build on our strengths in delivering excellence to our customers every day," he added.

chartistkao1 ( Date: 24-Feb-2023 09:26) Posted:

https://links.sgx.com/FileOpen/OCBC_Full_Year_2022_Results_Presentation.ashx?App=Announcement& FileID=74761

x 0

Giant operator Dairy Farm sells grocery business to Malaysian company

BY

VASANTHA GANESAN

theedgemarkets.com

KUALA LUMPUR (Feb 23): DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery retail industry.
In a statement on Thursday (Feb 23), the group said it had entered into an agreement with a Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim to sell all of DFI&rsquo s food businesses in Malaysia, including Giant.
DFI operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant Mini stores. The deal is expected to be completed in early March 2023.
Lim is the group deputy chairman of SOGO Department Store Sdn Bhd and the executive chairman of GAMA Group, which owns and operates GAMA Supermarket & Departmental Store in Penang.
The announcement confirms The Edge&rsquo s report that DFI would be selling its grocery business in Malaysia.
DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd, a company linked to Negeri Sembilan royalty.
A company called Macrovalue Sdn Bhd was incorporated to take over GCH Retail.
Macrovalue is equally owned by USP Resources Sdn Bhd and Gyap Holdings Sdn Bhd. Lim owns all but one share of USP Resources.
USP Resources wholly owns GAMA. USP Equity Sdn Bhd, in which USP Resources holds 50%, owns 90% of SOGO (KL). This means that effectively, SOGO, GAMA and GCH Retail will now have a common shareholder.
Meanwhile, Gyap is 90% owned by Datuk Gary Yap Keng Fatt and 10% by Yap Lin Han. Yap is said to be the person behind Euro Deli Shop Sdn Bhd, a company that specialises in imported meat and sausages from Europe.
DFI says the new retail group shares similar beliefs as DFI in delivering great quality, service and value to customers.
&ldquo By bringing these businesses together, under experienced local ownership, both customers and team members will continue to benefit from the positive changes to Giant, Cold Storage and Mercato that have taken place in recent years, forging an exciting platform for future growth through deep market knowledge, brand investment and competitive strength,&rdquo DFI said.
The new owners plan to retain all 2,500 staff.
GCH, which had aggressively shut stores in Malaysia since 2019, bringing the total number of stores to less than half by 2021, undertook a revamping, resizing and repositioning exercise to return to the black. It also started opening Giant Mini.
Between 2014 and 2019, GCH was in the red. It returned to the black in 2020, posting RM12.23 million net profit.
However, it slipped back into the red in FY2021. It is yet to file its financials for the year ended Dec 31, 2022. In FY2021, the retailer posted a net loss of RM106.17 million on the back of RM2.38 billion in revenue.
It had total liabilities of RM2.71 billion and total assets of RM1.23 billion.
The statement did not reveal how much the business was sold for.
While sources say that the deal is valued &ldquo at least a couple of billion ringgit&rdquo , some say that the new owners may be assuming the debt of GCH as part of the purchase price.
Commenting on the deal, DFI' s CEO for Southeast Asia, Chris Bush, said: " We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members. This is a win for both our customers and team members &mdash by combining our food business with the local retail group&rsquo s other retail businesses, this will provide greater competitiveness, service and value for customers in Malaysia."
He said he has complete confidence in the future success of the food business under their leadership, and that it is the best outcome for all.
Meanwhile, Lim said as the new owner, Macrovalue will endeavour to the best of its abilities to add value and to enhance the respective brand equities of the Cold Storage, TMC, Giant and Mercato brand names in Malaysia.
GCH entered the country in 1999 via the purchase of a 90% stake in the Giant business, which was then operated by the Teng family. At the time, there were seven stores &mdash five supermarkets and two hypermarkets.
DFI is incorporated in Bermuda and has a main listing on the London Stock Exchange and secondary listings in Bermuda and Singapore. It is not known how the sale of the Malaysian business will impact the listed entities.
Meanwhile, DFI stressed that it will continue to operate the health and beauty chain under Guardian Health & Beauty Sdn Bhd.
Bush says DFI remains fully committed to its retail business in Malaysia, sharpening its strategic focus on the fast-growing health and beauty business and will continue to wholly own and operate Guardian Health and Beauty stores. &ldquo The company has exciting plans over the next two years &mdash continuing to refresh the Guardian store format and significantly expanding its store network (currently over 500), with the expected creation of hundreds of jobs,&rdquo Bush said.
He adds that the transition will enable it to focus its priorities exclusively on the expansion of its Guardian Health and Beauty business in Malaysia.
" We are very excited by the opportunities for Guardian as it continues to grow rapidly, bolstered by the significant expansion of our store network, store refurbishments and improved customer offerings. This move will allow us to have an even greater impact for our customers as we build on our strengths in delivering excellence to our customers every day," he added.

chartistkao1 ( Date: 24-Feb-2023 09:26) Posted:

https://links.sgx.com/FileOpen/OCBC_Full_Year_2022_Results_Presentation.ashx?App=Announcement& FileID=747614

chartistkao1 ( Date: 23-Feb-2023 15:09) Posted:

https://www.china-briefing.com/news/mainland-china-and-hong-kong-to-expand-their-stock-connect-scheme

x 0

https://links.sgx.com/FileOpen/OCBC_Full_Year_2022_Results_Presentation.ashx?App=Announcement& FileID=747614

chartistkao1 ( Date: 23-Feb-2023 15:09) Posted:

https://www.china-briefing.com/news/mainland-china-and-hong-kong-to-expand-their-stock-connect-scheme/

chartistkao1 ( Date: 09-Feb-2023 11:21) Posted:

during oct 2022 massive short position on the 4 chiuna bank shares listed in hk,so what now in 2023 us big investment bankers will come in to buy up when it is rock bottom?
https://www.sydneytoday.com/content-102245614673201