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Genting SP Next Move
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anthonykwong
Supreme |
14-Feb-2017 10:24
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Think the banks arranged the loan AFTER SWIBER case known.....
I just dont understand ........ |
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seanpent
Supreme |
14-Feb-2017 09:45
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seems OCBC also badly affected by O& G problems ..... haiz ..... :( |
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Octavia
Supreme |
14-Feb-2017 09:31
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4Q16 net profit of $789m (-18% y/y, -16% q/q) missed estimates, dragged by a jump in provisions to $305m (+57% y/y, +84% q/q), stemming from bad O& G accounts. Net interest income dipped to $1.25b (-7% y/y, +1% q/q) due to a NIM compression to 1.63% (-9bps y/y, +1bps q/q) despite a larger loan book (+5% y/y, +6% q/q). Non-interest income was down at $926m (-4% y/y, -5% q/q) as growth in wealth management was knocked back by lower life assurance profit and net trading income. NPL ratio ticked up to 1.3% (4Q15: 0.9%, 3Q16: 1.2%), while Tier-1 CAR slipped to 14.7% (4Q15: 14.8%, 3Q16: 15.1%). Final DPS maintained at $0.18, bringing FY16 payout to $0.36 (unch). NAV/share at $8.49. |
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FATABA
Supreme |
14-Feb-2017 09:24
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Actually its a fair set of result as there is a large provision of NPL ( if this nver happen and put back to profit /future result will be better) Dividend maintain as expected. GE did pull it down too. UE sale will be the next catalyst ....and not forgeting any interest rate hike coming forward.
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lingua101
Veteran |
14-Feb-2017 09:06
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Result not good enough? |
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bishan22
Supreme |
14-Feb-2017 09:00
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Heavy selling today.................
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john_ric
Supreme |
13-Feb-2017 11:26
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general rule... buy on expectation sell on news.
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leongyan
Master |
13-Feb-2017 10:44
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also note that share price has risen a fair bit over the last 2 months. Some of these have been factored in. So DODD Agree with your points in general
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FATABA
Supreme |
13-Feb-2017 09:09
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GE result out ....reasonable . OCBC result tmr .......expected to be at least reasonable ....Wealth mgt strong. WH loans for NOV a record. Now with UE sale an added catalyst. Bank of Singapore side is doing well. 18c dividend will be maintained . Happy investing. |
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john_ric
Supreme |
13-Feb-2017 08:57
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analyst... results expected to drop 10 pcent.
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kirana
Senior |
11-Feb-2017 17:19
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Yes. Ask GE to pay special div. then use the money to buy more GE and then delist. If not enough, can also sell Bukit Sembawang. |
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nea03177
Senior |
11-Feb-2017 16:57
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Even if OCBC sells UE, we are not expecting a special dividend. When they sold F&N, they didn't distribute the profits to us.
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kirana
Senior |
11-Feb-2017 14:29
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What final price and to whom UE will go to will probably be determined by a panel of professionals, the owners in concert. No one can change that. |
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FATABA
Supreme |
10-Feb-2017 22:33
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" " At least 10 parties including regional property developers, private equity firms and real estate funds have indicated interest, people with knowledge of the matter had told Bloomberg, asking not to be identified because the information is private." " " I am surprise by the number of interested parties....which should resut in a fierce battle for UE......and if a higher price wld certainly boost OCBC profit margin . |
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FATABA
Supreme |
10-Feb-2017 18:00
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JOINT ANNOUNCEMENT: OCBC GROUP' S SHAREHOLDINGS IN UNITED ENGINEERS LIMITED AND WBL CORPORATION LIMITED Oversea-Chinese Banking Corporation Limited (" OCBC Bank" ) and Great Eastern Holdings Limited (" GEH" ) refer to their joint announcements dated 26 September 2016 and 5 January 2017 (the &ldquo Joint Announcements&rdquo ) in relation to their combined stakes in United Engineers Limited (&ldquo UEL&rdquo ) and WBL Corporation Limited (&ldquo WBL&rdquo ). OCBC Bank and GEH wish to announce that as part of the strategic review referred to in the Joint Announcements, they have received non-binding expressions of interests over their combined stakes in UEL and WBL. OCBC Bank and GEH are evaluating these expressions of interests and there is no certainty that any transaction will materialise or that any agreement will be entered into. Shareholders are advised to exercise caution when dealing in the shares of OCBC Bank or GEH and to refrain from taking any action in respect of their investments which may be prejudicial to their interests. In the event that shareholders wish to deal in the shares of OCBC Bank or GEH, they should seek their own professional advice and consult with their own stockbrokers. OCBC Bank and GEH will, in compliance with applicable rules (including the Corporate Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further announcements as appropriate. |
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kirana
Senior |
10-Feb-2017 13:52
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Like I read in the other topic under United Engineers, this LMT is somewhat shady. Reverse back at least 10 years ago when 2 casinos bidding process, one HK/Macau figure is " opted" out. |
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FATABA
Supreme |
10-Feb-2017 13:45
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serious parties are involved.....potential for a good price. Will OCBC and GE halt too ....wld not like unless the final bidder is confirmed and sold. KKR & Co. and Malaysian conglomerate Samling Group are among suitors shortlisted in the bidding for United Engineers Ltd., the century-old Singapore property group, people with knowledge of the matter said. Perennial Real Estate Holdings Ltd., Ascendas-Singbridge Pte and an investment vehicle of Malaysian tycoon Lee Ming Tee were also invited to start due diligence, according to the people. Final bids for United Engineers, which has a market value of S$1.9 billion ($1.3 billion), are expected to be submitted around the end of March, the people said, asking not to be identified because the information is private.
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kirana
Senior |
10-Feb-2017 10:56
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Let' s just hope they don' t say " proceeds be used for working capital and business expansion opportunity" . Yet, if expand business would be good too. |
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FATABA
Supreme |
10-Feb-2017 10:36
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Finally UE is going for ?? OCBC and GE is going to beneift. WIll there be a special dividend ....:)) Wow result timed on 14th Feb ....and UE halt today ..... |
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FATABA
Supreme |
09-Feb-2017 09:19
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OCBC Bank said on Wednesday that its wholly owned subsidiary in Indonesia, OCBC Sekuritas, had completed the sale of a stake in Indonesia' s longest toll road for 2.57 trillion rupiah (S$272.4 million) last month. The transaction is said to be the largest merger and acquisition (M& A) deal on which an Asian bank has advised in Indonesia, and ranks among the 10 largest M& A deals in the country since the start of 2016. OCBC Sekuritas was the exclusive financial adviser to a consortium of four sellers, led by Indonesian private equity fund Saratoga Capital. The combined 22.3 per cent stake in the Cikopo-Palimanan Toll Road was sold to Astratel Nusantara, a subsidiary of Indonesian conglomerate Astra International. OCBC said that at 2.57 trillion rupiah, the transaction valued the stake in the toll road at over three times book value - almost double the average valuation achieved by other transactions in the infrastructure sector in Indonesia in recent years. |
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