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john_ric Supreme	07-May-2020 16:30        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	24$ will be years later. Right now 20++ happy already.
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kandinsky Master	07-May-2020 15:04        kandinsky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pathetic, can't even go back to 24 john_ric      ( Date: 07-May-2020 14:08) Posted: 2.Date, time and conductof AGM. The Companyispleased to announce that pursuant to the Order, its annual general meeting (&ldquo AGM&rdquo )will be convened and held by way of electronic meansonThursday, 28May2020at 10 a.m.(Singapore time). ======== Dividend  Payment Ex Date 15/06/2020 Pay Date 29/06/2020 =============== john_ric      ( Date: 06-May-2020 12:18) Posted: as at today, no e agm date is announced yet.
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john_ric Supreme	07-May-2020 14:08        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	2.Date, time and conductof AGM. The Companyispleased to announce that pursuant to the Order, its annual general meeting (&ldquo AGM&rdquo )will be convened and held by way of electronic meansonThursday, 28May2020at 10 a.m.(Singapore time). ======== Dividend  Payment Ex Date 15/06/2020 Pay Date 29/06/2020 =============== john_ric      ( Date: 06-May-2020 12:18) Posted: as at today, no e agm date is announced yet.
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Joelton Supreme	07-May-2020 12:07        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great Eastern Q1 profit tumbles 90% on non-operating losses   UPDATED WED, MAY 06, 2020 - 10:02 AM GREAT Eastern Holdings on Wednesday posted a 90 per cent drop in net profit to S$33.9 million for the first quarter ended March 31, 2020 from S$342.7 million a year ago. The insurance arm of OCBC Bank was weighed down by non-operating losses of S$222.8 million, compared to a non-operating profit of S$75.9 million a year earlier. Great Eastern said this was due to lower valuation of investments, arising from unfavourable financial market conditions in the first quarter. Meanwhile, operating profit doubled to S$298.6 million from S$148.7 million in the same quarter last year. This was driven by increased contribution from its core markets and a reduction in insurance contract liabilities in both Singapore and Malaysia. Total weighted new sales for the quarter grew 21 per cent to S$298.8 million, from S$247.4 million a year ago. According to Great Eastern, the group' s operations in Singapore and Malaysia continued its growth momentum, driven by agency channels in both countries and the bancassurance channel in Singapore. Correspondingly, new business embedded value increased by 15 per cent for the quarter to S$126.1 million, from S$109.8 million for the corresponding period last year. Group chief executive officer Khor Hock Seng noted that the group delivered " strong operating results" for the first quarter, but added that the onset of the Covid-19 outbreak has delivered many challenges globally which will continue for a period of time. " While the group' s profit was impacted by the volatility in the global financial markets during the quarter, our investment portfolio remains sound and our capital position also remains strong," Mr Khor said. Great Eastern expects its new business activity to be dampened as a result of weakened demand and restricted face-to-face interactions. Nonetheless, the digital and technology infrastructure initiatives it embarked on in the past two years have helped to cushion the impact of the Covid-19 situation, the company said. In the near term, sales from the bancassurance channel may see a more significant impact as sales activity is largely at bank branches, while new business volume may decline further if the economic slowdown and " circuit breaker" persist, Great Eastern noted. That said, it pointed out that the Covid-19 mortality rate is relatively low based on current statistics and that the group does not expect any material impact on its operating profit arising from a significant worsening of mortality risks. As at 9.57am on Wednesday, shares in Great Eastern were trading at S$18.90, up S$0.17 or 0.9 per cent. https://www.businesstimes.com.sg/companies-markets/great-eastern-q1-profit-tumbles-90-on-non-operating-losses
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Joelton Supreme	07-May-2020 11:55        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOB' s O& G exposure under 4% Q1 profit at 2-year low on impairment surge UPDATED WED, MAY 06, 2020 - 1:32 PM UNITED Overseas Bank (UOB)  on Wednesday posted a 19 per cent fall in Q1 net profit on declining margins and a surge in impairment charges, bringing its earnings to the lowest level in just over two years. Still, the bank' s Q1 net profit of S$855 million - down from S$1.05 billion a year ago - had beaten analysts' estimates of around S$739.3 million, according to Refinitiv data.  Jefferies analyst Krishna Guha said that while credit costs were much lower than guidance at 36 basis points, the bank built pre-emptive buffers on balance sheet for worsening asset quality. " Margins were weaker than expected. The key bright spot was fees which grew sequentially, and on the year," he said in an early note. UOB said that as at end-March 2020, outstanding oil-and-gas (O& G) loans stood at S$10.2 billion, representing 3.6 per cent of total loans as compared with 4.7 per cent as at end-June of 2018. Three-quarters of the  O& G exposure are to downstream players and traders, of which 70 per cent are national oil companies (NOCs) and global firms. The remaining exposure is mainly short-term structured exposure. There was no mention of Hin Leong, the oil trader widely reported to have collapsed amid staggering debt. Most banks in Singapore, including the local trio, have an exposure to the Singapore oil trading giant. It was reported according to unnamed sources that UOB had let Hin Leong draw down more than US$100 million as at early April. Singapore' s Big Three banks have a total exposure to Hin Leong that reportedly tops US$600 million. As for its remaining 25 per cent exposure to O& G upstream segment, UOB' s exposure is mainly to NOCs and international oil companies. The bank said vulnerable accounts in the O& G segments were already classified, with their collateral values marked down by as much as 90 per cent by end-2017. UOB disclosed that its 15 per cent exposure to small and medium-sized enterprises in Q1 2020 held steady over the quarter.  Incremental lending in Q1 2020 from a quarter ago was driven by large corporates and top-tier customers in developed markets, with half of its loan book made up of large corporates. The remaining loans are to individuals.  The bank said on Tuesday it has approved S$4 billion in loans under Enterprise Singapore' s temporary bridging loan programme since the government increased its risk-share of such loans to 90 per cent a month ago. The loans were extended to the bank' s mid-sized enterprise clients in sectors that have been hard hit by the Covid-19 pandemic. These include construction, consumer staples, retail and hospitality segments.  UOB had earlier announced S$3 billion in relief assistance for those affected by Covid-19. This is separate from the S$4 billion in government-assisted loans that the bank said this week it has offered to its customers. Q1 net interest income was flat at S$1.59 billion year-on-year as asset growth was offset by margin compression, said the lender in a statement. Net interest margin (NIM) stood at 1.71 per cent, down 5 basis points (bps) a quarter ago and 8 bps a year ago.  Total credit  costs rose 12 bps to 36bps from the previous quarter due to " a few significant non-performing accounts" , said UOB. On a year-on-year basis, total credit costs rose 17 bps. Non-performing loan ratio was higher at 1.6 per cent, up 0.1 percentage points from a year ago. This comes as the bank' s impairment charges jumped to S$286 million in Q1, from S$93 million a year earlier. An additional S$260 million of allowance was also set aside through  the regulatory loss allowance reserve to strengthen coverage amid weak macro conditions, said UOB.  Non-interest income for the first quarter slipped one per cent to S$813 million, down from S$819 million a year ago.  Net fee income grew 8 per cent to S$515 million largely from wealth management, while trading and investment income fell  17 per cent to S$224 million amid increased market volatility, said UOB.  Total income for first quarter stood at S$2.41 billion, unchanged from a year ago.  As at noon, shares of UOB were trading at S$19.93, up S$0.03. https://www.businesstimes.com.sg/companies-markets/uobs-og-exposure-under-4-q1-profit-at-2-year-low-on-impairment-surge
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damianlee Member	06-May-2020 20:05        damianlee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today after market close, I see quite a substantial amount of shares trading at $19.88 under auction. The share price before market close is around $19.97. What is the meaning of " auction" ? Why auction price do much lower than the price at 5pm?
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john_ric Supreme	06-May-2020 12:18        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	as at today, no e agm date is announced yet.
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FATABA Supreme	06-May-2020 12:09        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	As long as its approved in the new AGM in full .....not cut or reduce ( unlikely in my opionion )  In this AGM a new XD n pay date will be known Gd luck  damianlee      ( Date: 06-May-2020 11:20) Posted: Can I check if you buy Uob shares today, you will still be entitled to the $ 0.75 dividend? Or Uob is previously xd already for the $0.75?, assuming this dividend is approved at the AGM . Thanks FATABA      ( Date: 06-May-2020 10:59) Posted: Q1 result come normally without dividend / so I didnt expect them to talk abt dividend for Q1 ( which ONLY DBS offer quarterly dividend)  Overall its Q1 result come in better then some expected.  ( w a large provision too )  Separately UOB has advise that a NEW meeting date will be announced for end 2019 /where the big dividend ( 75c) was last announced I really doubt it wld be NOT approved in the agm   Gd luck  Happy investing.
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damianlee Member	06-May-2020 11:20        damianlee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can I check if you buy Uob shares today, you will still be entitled to the $ 0.75 dividend? Or Uob is previously xd already for the $0.75?, assuming this dividend is approved at the AGM . Thanks FATABA      ( Date: 06-May-2020 10:59) Posted: Q1 result come normally without dividend / so I didnt expect them to talk abt dividend for Q1 ( which ONLY DBS offer quarterly dividend)  Overall its Q1 result come in better then some expected.  ( w a large provision too )  Separately UOB has advise that a NEW meeting date will be announced for end 2019 /where the big dividend ( 75c) was last announced I really doubt it wld be NOT approved in the agm   Gd luck  Happy investing.  john_ric      ( Date: 06-May-2020 10:39) Posted: no sound no image about 2020 results and div leh. dont know why.
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FATABA Supreme	06-May-2020 10:59        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Q1 result come normally without dividend / so I didnt expect them to talk abt dividend for Q1 ( which ONLY DBS offer quarterly dividend)  Overall its Q1 result come in better then some expected.  ( w a large provision too )  Separately UOB has advise that a NEW meeting date will be announced for end 2019 /where the big dividend ( 75c) was last announced I really doubt it wld be NOT approved in the agm   Gd luck  Happy investing.  john_ric      ( Date: 06-May-2020 10:39) Posted: no sound no image about 2020 results and div leh. dont know why.
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john_ric Supreme	06-May-2020 10:39        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	no sound no image about 2020 results and div leh. dont know why.
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FATABA Supreme	06-May-2020 10:23        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Awaiting there AGM which is not know yet.  So wait for any SGX annoucment .  damianlee      ( Date: 05-May-2020 16:19) Posted: May I know the ex date for the $0.5 + $0.25 dividend ? FATABA      ( Date: 30-Apr-2020 10:21) Posted: With the 20+55 c dividend more of less confirm ( like DBS)  I wld not be surprise it can visit $21 early May  Gd Luck
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damianlee Member	06-May-2020 09:56        damianlee About Contact  Quote this Post!
x 0   x 0  Alert Admin	United Overseas Bank Ltd.'s first-quarter net profit fell 19% as the bank set aside additional money toward impairment charges following possible deteriorating economic conditions from the Covid-19 pandemic. Net profit for the first three months of the year fell to 855 million Singapore dollars (US$604.20 million), the bank said Wednesday. Revenue during the period was marginally down to S$2.41 billion as the low interest rate environment and slowing business momentum during the end of March hurt its business. For the quarter, the bank set aside S$546 million toward impairment charges as it weighed the economic and financial impact the pandemic will have on businesses worldwide. Write to P.R. Venkat at [email protected]
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damianlee Member	05-May-2020 16:19        damianlee About Contact  Quote this Post!
x 0   x 0  Alert Admin	May I know the ex date for the $0.5 + $0.25 dividend ? FATABA      ( Date: 30-Apr-2020 10:21) Posted: With the 20+55 c dividend more of less confirm ( like DBS)  I wld not be surprise it can visit $21 early May  Gd Luck  john_ric      ( Date: 07-Apr-2020 10:45) Posted: strong resistance at $20. pushed back to 19.xx
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FATABA Supreme	30-Apr-2020 10:21        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	With the 20+55 c dividend more of less confirm ( like DBS)  I wld not be surprise it can visit $21 early May  Gd Luck  john_ric      ( Date: 07-Apr-2020 10:45) Posted: strong resistance at $20. pushed back to 19.xx
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Joelton Supreme	30-Apr-2020 10:15        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Banks set to report first profit falls since 2016 All three of Singapore' s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fuelled economic slump. Net income at each lender probably slid between 21 per cent and 28 per cent in the three months ended March 31 from a year earlier, according to the average estimates of six analysts surveyed by Bloomberg. DBS Group Holdings, the nation' s largest bank, is seen to report the steepest profit drop when it kicks off the earnings season today, while OCBC Bank is forecast to report the smallest contraction. The pain for Singapore' s lenders is set to persist as Singapore braces itself for a sharp economic contraction this year, thanks to the pandemic that is crippling manufacturing, tourism and other services. Banks are also contending with falling interest rates and slowing loan growth, and the crash in oil prices may trigger defaults among local firms that cater to the energy sector. " Banks always tend to do badly in the midst of an economic recession," said Ms Tan Min Lan, Asia-Pacific head of UBS Global Wealth Management' s chief investment office. The slumping economy will fuel bad loans, squeeze interest margins and slow credit growth, she said. OCBC and United Overseas Bank will report next week. The last time the trio all posted a profit retreat was in the final quarter of 2016, when many energy-related firms defaulted in the aftermath of an earlier oil slump. Analysts are predicting a sharp jump in credit costs due to the banks' exposure to the oil, gas and commodities sector and loans to small and mid-sized companies. The banks had combined exposure of US$680 million (S$962 million) to Hin Leong Trading, the Singapore oil trader that filed for court protection from creditors this month, as of April 9. It is not clear whether the local lenders will have provisioned against Hin Leong by the end of last month. DBS may have booked a loan-loss buffer of $640 million in the quarter, up from $76 million a year ago, according to Morgan Stanley analysts. They see OCBC' s provisions swelling 81 per cent to $451 million, and UOB' s more than tripling to $380 million. Jefferies analyst Krishna Guha expects the banks to book credit costs of 60 to 100 basis points and said guidance will be crucial to understanding the cost trajectory this year. Analysts expect single-digit declines in net interest margins this quarter, but said loans will be supported by larger companies drawing on commitment lines and banks providing short-term US dollar liquidity last month. Net interest margins probably shrank only slightly in the quarter because the United States Federal Reserve' s interest rate cut came late in the period, Citigroup analyst Robert Kong said in a note. The banks are expected to give guidance on this year' s dividends, with UBS Securities saying cuts are more likely for DBS and UOB than OCBC. OCBC has " more headroom" to maintain dividends given its higher capital levels and lower current payout ratio, Sanford C. Bernstein analyst Kevin Kwek wrote in a note. Analysts estimate dividend yield for all three banks to remain between 4 per cent and 7 per cent this year even after earnings decline, supported by Tier-1 capital ratios exceeding 14 per cent. https://www.straitstimes.com/business/banking/banks-set-to-report-first-profit-falls-since-2016
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john_ric Supreme	07-Apr-2020 10:45        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	strong resistance at $20. pushed back to 19.xx
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kandinsky Master	07-Apr-2020 09:30        kandinsky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Back to 20 territory
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uiop1223 Supreme	31-Mar-2020 20:03        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bad debts lor. Expect NPL to increase
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Observers Elite	31-Mar-2020 19:51        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Willt UOB own all the SMEs after this covid virus is over? After all, borrowing from central bank costs next to nothing. chubbybastard      ( Date: 17-Mar-2020 21:39) Posted: It will get worse before it gets better. UOB has the biggest exposure to SME companies as compared to the other 3 banks and we know SMEs especially in Singapore is being hard hit with retail falling, hospitality is bleeding, the import and exporters also bleeding, engineering companies and services all taking a hit. Its a matter of time these will show up on their NPL numbers coupled with a few big corporate defaults in time to come and the near 0 interest rate, the bank is essentially taking on higher risk for lower returns.    TA_Expert      ( Date: 17-Mar-2020 14:13) Posted: UOB is damn strong despite the sell off. Many people are holding on and new investors are buying in on dips.
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