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FATABA Supreme	23-Mar-2017 10:23        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OCBC nett income in 2016 is close to 3.5B ....( provision for Erza is well taken care of no worry ....ASSUME zero fm liquidation ...worst case ) ​ Wealth mgt and current WH operations in China is growing ....added with GE penetration into this new market. Cards and domestic market cant be decided by one 360 or whatever ...further changes are better for its bottom line ( Robinson ocbc card is very popular.....but all these is only part of its total polio ) ​ Recent sale of HK life/ hundreds of $M into pocket....UE ? Properties up for sale ?  Re-structuring ...... ​ This solid gem will be polished up and shine ......$10 is not an issue...its only when ? Invest1      ( Date: 21-Mar-2017 22:19) Posted: OCBC have one of the worst credit card services as well. I think they are TOO HAO LIAN liao...this bank could be out of the game soon...
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oceanblue Veteran	23-Mar-2017 09:45        oceanblue About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share buyback yesterday.
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Invest1 Elite	21-Mar-2017 22:19        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	OCBC have one of the worst credit card services as well. I think they are TOO HAO LIAN liao...this bank could be out of the game soon...
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FATABA Supreme	21-Mar-2017 21:24        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	SINGAPORE (March 20): Oversea-Chinese Banking Corporation (OCBC Bank) announced that its wholly owned subsidiary, OCBC Wing Hang Bank has entered into an agreement to sell its 33.33% stake in the capital of Hong Kong Life Insurance to First Origin International. In a filing on Monday night, OCBC Bank said the consideration for the stake sale is HK$2.37 billion ($425.9 million), payable in cash. The sale is conditional upon regulatory approvals. The unaudited net asset value, as well as the unaudited net tangible asset value, of Hong Kong Life was HK$793 million as at Dec 31 2016. According to RHB, the sale could give OCBC a one-time gain of HK$1.57 billion. ​ HK$ 1.57B ....aro S$500M , can afford a special dividend lah. :) FATABA      ( Date: 21-Mar-2017 21:14) Posted: Wow just after these events....OCBC is redemping notes @6% interest ....just announce. ​ W sale of HK life ins.....wld there be a nice special dividend coming up ?  Anybody guesses...:))   FATABA      ( Date: 21-Mar-2017 10:33) Posted: Just note fm today papers...OCBC is selling another shop at SimLIM tower...indicative 16M ? ​ Interesting to note OCBC is " " unlocking value " " ...majority of thest properties are bot 10/30 years ago....... ​ wow, the solid rock do have a lot of deep deep pockets ......solid GEM ( wonder what was the actual book value for most of its properties )
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FATABA Supreme	21-Mar-2017 21:14        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Wow just after these events....OCBC is redemping notes @6% interest ....just announce. ​ W sale of HK life ins.....wld there be a nice special dividend coming up ?  Anybody guesses...:))   FATABA      ( Date: 21-Mar-2017 10:33) Posted: Just note fm today papers...OCBC is selling another shop at SimLIM tower...indicative 16M ? ​ Interesting to note OCBC is " " unlocking value " " ...majority of thest properties are bot 10/30 years ago....... ​ wow, the solid rock do have a lot of deep deep pockets ......solid GEM ( wonder what was the actual book value for most of its properties ) Moomoomoo      ( Date: 21-Mar-2017 09:44) Posted: Agreed with u, my friend! Filter the noise..
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Barcalo Master	21-Mar-2017 20:56        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any impact to OCBC share price? Stagnant at 9.60++ for long time already. hp3000      ( Date: 21-Mar-2017 20:14) Posted: [HONG KONG] First Origin International Ltd, a Hong Kong-based investment firm, has agreed to acquire Hong Kong Life Insurance Ltd for HK$7.1 billion (S$1.27 billion), said two of the owners of the Hong Kong insurer in the latest insurance deal in the territory.   Hong Kong is a developed life insurance market, with a life and health insurance premium-to-GDP ratio of 13.4 per cent in 2015, the second-highest in Asia, according to Swiss Re. Still, the market offers strong growth, with Swiss Re forecasting premiums to grow 9.2 per cent in 2016, making it attractive to new entrants. Hong Kong Life Insurance was founded in 2001 by OCBC Wing Hang Bank, Asia Insurance Co, Shanghai Commercial Bank, Chong Hing Bank and Wing Lung Bank. OCBC Wing Hang Bank owns a 33 per cent stake while the others own about 16.7 per cent each.
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hp3000 Veteran	21-Mar-2017 20:14        hp3000 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Huart Ah !! Count $$$$$ liao"
x 0   x 0  Alert Admin	[HONG KONG] First Origin International Ltd, a Hong Kong-based investment firm, has agreed to acquire Hong Kong Life Insurance Ltd for HK$7.1 billion (S$1.27 billion), said two of the owners of the Hong Kong insurer in the latest insurance deal in the territory.   Hong Kong is a developed life insurance market, with a life and health insurance premium-to-GDP ratio of 13.4 per cent in 2015, the second-highest in Asia, according to Swiss Re. Still, the market offers strong growth, with Swiss Re forecasting premiums to grow 9.2 per cent in 2016, making it attractive to new entrants. Hong Kong Life Insurance was founded in 2001 by OCBC Wing Hang Bank, Asia Insurance Co, Shanghai Commercial Bank, Chong Hing Bank and Wing Lung Bank. OCBC Wing Hang Bank owns a 33 per cent stake while the others own about 16.7 per cent each.
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famouspinky Supreme	21-Mar-2017 13:05        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Long or shorr? Lol Moomoomoo      ( Date: 21-Mar-2017 09:44) Posted: Agreed with u, my friend! Filter the noise.. seanpent      ( Date: 21-Mar-2017 08:54) Posted: yes !    great news ..... lol ..... everyday hearing  talks of  stocks collapsing so that those who miss the boat can buy ..... filter out noises, and stay focus .....
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FATABA Supreme	21-Mar-2017 10:33        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Just note fm today papers...OCBC is selling another shop at SimLIM tower...indicative 16M ? ​ Interesting to note OCBC is " " unlocking value " " ...majority of thest properties are bot 10/30 years ago....... ​ wow, the solid rock do have a lot of deep deep pockets ......solid GEM ( wonder what was the actual book value for most of its properties ) Moomoomoo      ( Date: 21-Mar-2017 09:44) Posted: Agreed with u, my friend! Filter the noise.. seanpent      ( Date: 21-Mar-2017 08:54) Posted: yes !    great news ..... lol ..... everyday hearing  talks of  stocks collapsing so that those who miss the boat can buy ..... filter out noises, and stay focus .....
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Moomoomoo Senior	21-Mar-2017 09:44        Moomoomoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed with u, my friend! Filter the noise.. seanpent      ( Date: 21-Mar-2017 08:54) Posted: yes !    great news ..... lol ..... everyday hearing  talks of  stocks collapsing so that those who miss the boat can buy ..... filter out noises, and stay focus ..... FATABA      ( Date: 21-Mar-2017 08:22) Posted: OCBC Wing Hang Bank sells 33.33% stake in Hong Kong Life Insurance for $426 mil ​ WOW this is good news....a 33% stake sold for 54% of the company total NAV  ( HK life was 793M as of 31st Dec 16 ) ​ Further OCBC WH got to distribute their products .....why not ...:)) Happy investing. OCBC might see $20 in 10 yrs time ..haha ​ Solid as a rock.
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seanpent Supreme	21-Mar-2017 08:54        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes !    great news ..... lol ..... everyday hearing  talks of  stocks collapsing so that those who miss the boat can buy ..... filter out noises, and stay focus ..... FATABA      ( Date: 21-Mar-2017 08:22) Posted: OCBC Wing Hang Bank sells 33.33% stake in Hong Kong Life Insurance for $426 mil ​ WOW this is good news....a 33% stake sold for 54% of the company total NAV  ( HK life was 793M as of 31st Dec 16 ) ​ Further OCBC WH got to distribute their products .....why not ...:)) Happy investing. OCBC might see $20 in 10 yrs time ..haha ​ Solid as a rock.
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FATABA Supreme	21-Mar-2017 08:22        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OCBC Wing Hang Bank sells 33.33% stake in Hong Kong Life Insurance for $426 mil ​ WOW this is good news....a 33% stake sold for 54% of the company total NAV  ( HK life was 793M as of 31st Dec 16 ) ​ Further OCBC WH got to distribute their products .....why not ...:)) Happy investing. OCBC might see $20 in 10 yrs time ..haha ​ Solid as a rock.
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Siwomp Supreme	20-Mar-2017 10:14        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	that' s for Ezra only? the amounts(700,300,100) i recalled are for Ezra and Companies. FATABA      ( Date: 20-Mar-2017 09:58) Posted:   The company said it had unsecured loans of US$272 million, owed to DBS Bank, US$184 million owed to Oversea-Chinese Banking Corp and US$108 million to a Singapore affiliate of HSBC Plc. The company said in a court filing in the US Bankruptcy Court in New York that it had up to US$1 billion in assets and up to US$500 million in liabilities. ​ The above is the official reported amount as in Reuters report.  Those who went in to our banks report, ( can only recall OCBC) ...the provision is well taken care of  ( ASSUME they even get back ZERO from any liquidation.   Siwomp      ( Date: 20-Mar-2017 09:50) Posted: if my memory does not fails me..... the amount on loan are 700mil, 300mil, 100mil from DBS, OCBC and UOB..............
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leongyan Master	20-Mar-2017 10:03        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	These banks can take the write off la.. just wait for share price to correct and than enter again. All will be well again FATABA      ( Date: 20-Mar-2017 09:58) Posted:   The company said it had unsecured loans of US$272 million, owed to DBS Bank, US$184 million owed to Oversea-Chinese Banking Corp and US$108 million to a Singapore affiliate of HSBC Plc. The company said in a court filing in the US Bankruptcy Court in New York that it had up to US$1 billion in assets and up to US$500 million in liabilities. ​ The above is the official reported amount as in Reuters report.  Those who went in to our banks report, ( can only recall OCBC) ...the provision is well taken care of  ( ASSUME they even get back ZERO from any liquidation.   Siwomp      ( Date: 20-Mar-2017 09:50) Posted: if my memory does not fails me..... the amount on loan are 700mil, 300mil, 100mil from DBS, OCBC and UOB..............
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FATABA Supreme	20-Mar-2017 09:58        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The company said it had unsecured loans of US$272 million, owed to DBS Bank, US$184 million owed to Oversea-Chinese Banking Corp and US$108 million to a Singapore affiliate of HSBC Plc. The company said in a court filing in the US Bankruptcy Court in New York that it had up to US$1 billion in assets and up to US$500 million in liabilities. ​ The above is the official reported amount as in Reuters report.  Those who went in to our banks report, ( can only recall OCBC) ...the provision is well taken care of  ( ASSUME they even get back ZERO from any liquidation.   Siwomp      ( Date: 20-Mar-2017 09:50) Posted: if my memory does not fails me..... the amount on loan are 700mil, 300mil, 100mil from DBS, OCBC and UOB..............
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Siwomp Supreme	20-Mar-2017 09:50        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	if my memory does not fails me..... the amount on loan are 700mil, 300mil, 100mil from DBS, OCBC and UOB..............
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leongyan Master	20-Mar-2017 09:36        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	thereabouts.. DBS has the greatest exposure. But CEO came out to say they are well mitigated on the losses. Well time will tell Siwomp      ( Date: 20-Mar-2017 09:28) Posted: Ezra bites the dust........ what was the amount of loan to Ezra and Cos? S$300millions?
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Siwomp Supreme	20-Mar-2017 09:28        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ezra bites the dust........ what was the amount of loan to Ezra and Cos? S$300millions?
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seanpent Supreme	16-Mar-2017 14:56        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	UE moved up to 2.88 / 2.89 ..... Tend to think its getting nearer and nearer  to closing on the UE thing ..... hopefully will know in coming sessions ..... seanpent      ( Date: 16-Mar-2017 11:34) Posted: gathering bullets  for the next impulsive wave ..... FATABA      ( Date: 16-Mar-2017 11:14) Posted: Some profit taking are expected. ​ Just one catalyst...UE will see OCBC fly again :)
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goldvision Senior	16-Mar-2017 14:29        goldvision About Contact  Quote this Post!
x 0   x 0  Alert Admin	After the euphoria, quietly enters the correction?
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