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Latest Forum Topics / OCBC Bank    Last:12.36    +0.02  Post Reply
do not bet against the sg bank shares
pasttime
Elite
24-Mar-2023 12:38     
 
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Yells: "Buy good stock on sale and collect dividend long long time"
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 Alert Admin 		Mas on shareholders to bear losses before at1 is good to say other country adnomal ruling dies not apply here. At least at1 loan is not killed here. Sensible mas.
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chartistkao1
Supreme
24-Mar-2023 10:48     
 
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https://www.businesstimes.com.sg/companies-markets/transport-logistics/wee-ee-cheong-acquires-uob-shares-post-fy22-results
 
https://www.businesstimes.com.sg/companies-markets/banking-finance/uob-chief-executive-wee-ee-cheongs-2022-salary-rises-302-s142
 
https://www.dividends.sg/view/u11


chartistkao1      ( Date: 23-Mar-2023 10:46) Posted:

https://links.sgx.com/FileOpen/UOB-A2023-T01%20Notice%20of%20Use%20of%20Treasury%20Shares.ashx?App=Announcement& FileID=749966
 
https://links.sgx.com/FileOpen/UOB-A2023-06-Grant%20of%20Share%20Awards.ashx?App=Announcement& FileID=749993


chartistkao1      ( Date: 16-Mar-2023 11:32) Posted:

issues with USD liquidity can affect Korea, as the Korean economy is highly dependent on external trade and finance, and the majority of its international transactions are denominated in US dollars.
When there is a shortage of US dollars in the global financial system, it can lead to a rise in the cost of borrowing in dollars, making it more difficult for Korean companies to access dollar funding. This can impact their ability to import raw materials, finance their operations, and repay their dollar-denominated debts.
Moreover, the shortage of US dollars can lead to a decline in the value of the Korean won against the US dollar, which can affect the competitiveness of Korean exports and lead to higher import costs, inflation, and other economic challenges.
To address these challenges, the Korean government and central bank have implemented various measures to ensure an adequate supply of US dollars in the domestic market, such as setting up currency swap lines with other central banks, building up foreign exchange reserves, and providing dollar liquidity support to banks and corporations.
Overall, the issue of USD liquidity is an important consideration for the Korean economy, given its reliance on external trade and finance and the dominance of the US dollar in the global financial system.
 
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chartistkao1
Supreme
23-Mar-2023 10:46     
 
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https://links.sgx.com/FileOpen/UOB-A2023-T01%20Notice%20of%20Use%20of%20Treasury%20Shares.ashx?App=Announcement& FileID=749966
 
https://links.sgx.com/FileOpen/UOB-A2023-06-Grant%20of%20Share%20Awards.ashx?App=Announcement& FileID=749993


chartistkao1      ( Date: 16-Mar-2023 11:32) Posted:

issues with USD liquidity can affect Korea, as the Korean economy is highly dependent on external trade and finance, and the majority of its international transactions are denominated in US dollars.
When there is a shortage of US dollars in the global financial system, it can lead to a rise in the cost of borrowing in dollars, making it more difficult for Korean companies to access dollar funding. This can impact their ability to import raw materials, finance their operations, and repay their dollar-denominated debts.
Moreover, the shortage of US dollars can lead to a decline in the value of the Korean won against the US dollar, which can affect the competitiveness of Korean exports and lead to higher import costs, inflation, and other economic challenges.
To address these challenges, the Korean government and central bank have implemented various measures to ensure an adequate supply of US dollars in the domestic market, such as setting up currency swap lines with other central banks, building up foreign exchange reserves, and providing dollar liquidity support to banks and corporations.
Overall, the issue of USD liquidity is an important consideration for the Korean economy, given its reliance on external trade and finance and the dominance of the US dollar in the global financial system.
 

chartistkao1      ( Date: 16-Mar-2023 11:29) Posted:

Japanese banks have relatively high unrealized loss-to-equity ratios compared to their counterparts in the region. An unrealized loss-to-equity ratio is a measure of the potential loss a bank could face in its investment portfolio relative to its equity capital. It is calculated by dividing the total amount of unrealized losses on investments by the bank' s equity capital.
Japanese banks have been facing challenges due to a combination of factors, including a low-interest-rate environment, sluggish economic growth, and an aging population. These factors have put pressure on banks' profitability and have made it challenging to generate sufficient returns on their investment portfolios.
Moreover, the COVID-19 pandemic has further exacerbated the situation, leading to a rise in non-performing loans and a decline in asset values. This has resulted in higher levels of unrealized losses in banks' investment portfolios, which have contributed to the high unrealized loss-to-equity ratios seen in some Japanese banks.
To address these challenges, Japanese banks have been undertaking various measures, such as cost-cutting, diversifying their revenue streams, and investing in new growth areas. The government has also taken steps to support the banking sector, including providing financial assistance and implementing policies to stimulate economic growth.
 


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chartistkao1
Supreme
16-Mar-2023 11:32     
 
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 Alert Admin 		issues with USD liquidity can affect Korea, as the Korean economy is highly dependent on external trade and finance, and the majority of its international transactions are denominated in US dollars.
When there is a shortage of US dollars in the global financial system, it can lead to a rise in the cost of borrowing in dollars, making it more difficult for Korean companies to access dollar funding. This can impact their ability to import raw materials, finance their operations, and repay their dollar-denominated debts.
Moreover, the shortage of US dollars can lead to a decline in the value of the Korean won against the US dollar, which can affect the competitiveness of Korean exports and lead to higher import costs, inflation, and other economic challenges.
To address these challenges, the Korean government and central bank have implemented various measures to ensure an adequate supply of US dollars in the domestic market, such as setting up currency swap lines with other central banks, building up foreign exchange reserves, and providing dollar liquidity support to banks and corporations.
Overall, the issue of USD liquidity is an important consideration for the Korean economy, given its reliance on external trade and finance and the dominance of the US dollar in the global financial system.
 

chartistkao1      ( Date: 16-Mar-2023 11:29) Posted:

Japanese banks have relatively high unrealized loss-to-equity ratios compared to their counterparts in the region. An unrealized loss-to-equity ratio is a measure of the potential loss a bank could face in its investment portfolio relative to its equity capital. It is calculated by dividing the total amount of unrealized losses on investments by the bank' s equity capital.
Japanese banks have been facing challenges due to a combination of factors, including a low-interest-rate environment, sluggish economic growth, and an aging population. These factors have put pressure on banks' profitability and have made it challenging to generate sufficient returns on their investment portfolios.
Moreover, the COVID-19 pandemic has further exacerbated the situation, leading to a rise in non-performing loans and a decline in asset values. This has resulted in higher levels of unrealized losses in banks' investment portfolios, which have contributed to the high unrealized loss-to-equity ratios seen in some Japanese banks.
To address these challenges, Japanese banks have been undertaking various measures, such as cost-cutting, diversifying their revenue streams, and investing in new growth areas. The government has also taken steps to support the banking sector, including providing financial assistance and implementing policies to stimulate economic growth.
 


chartistkao1      ( Date: 16-Mar-2023 11:26) Posted:

It seems that one of the problems faced by Silicon Valley Bank (SVB) was related to its funding and investment strategy. Banks generally make profits by investing the money deposited by customers into various assets such as loans, securities, and other investments that earn a higher rate of return than what they pay to depositors. However, SVB was facing a problem where it had to pay higher interest rates to retain deposits, which was putting pressure on its profitability.
Moreover, the bank was investing in low-risk bonds that were bought during times of low interest rates, and as a result, they were not earning a high return. One possible solution for the bank was to sell some of these low-yield bonds and invest in new bonds that offered a higher return. However, this would require the bank to realize a significant loss on the sale of the existing bonds.
Realizing a loss on the sale of investments is never an ideal situation for any bank or investor. However, in some cases, it may be necessary to address a liquidity or funding shortfall or to reposition the investment portfolio to generate better returns. Banks and investors need to carefully consider the risks and benefits of such transactions and ensure that they are aligned with their overall investment objectives and risk tolerance.
 
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chartistkao1
Supreme
16-Mar-2023 11:29     
 
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 Alert Admin
Japanese banks have relatively high unrealized loss-to-equity ratios compared to their counterparts in the region. An unrealized loss-to-equity ratio is a measure of the potential loss a bank could face in its investment portfolio relative to its equity capital. It is calculated by dividing the total amount of unrealized losses on investments by the bank' s equity capital.
Japanese banks have been facing challenges due to a combination of factors, including a low-interest-rate environment, sluggish economic growth, and an aging population. These factors have put pressure on banks' profitability and have made it challenging to generate sufficient returns on their investment portfolios.
Moreover, the COVID-19 pandemic has further exacerbated the situation, leading to a rise in non-performing loans and a decline in asset values. This has resulted in higher levels of unrealized losses in banks' investment portfolios, which have contributed to the high unrealized loss-to-equity ratios seen in some Japanese banks.
To address these challenges, Japanese banks have been undertaking various measures, such as cost-cutting, diversifying their revenue streams, and investing in new growth areas. The government has also taken steps to support the banking sector, including providing financial assistance and implementing policies to stimulate economic growth.
 


chartistkao1      ( Date: 16-Mar-2023 11:26) Posted:

It seems that one of the problems faced by Silicon Valley Bank (SVB) was related to its funding and investment strategy. Banks generally make profits by investing the money deposited by customers into various assets such as loans, securities, and other investments that earn a higher rate of return than what they pay to depositors. However, SVB was facing a problem where it had to pay higher interest rates to retain deposits, which was putting pressure on its profitability.
Moreover, the bank was investing in low-risk bonds that were bought during times of low interest rates, and as a result, they were not earning a high return. One possible solution for the bank was to sell some of these low-yield bonds and invest in new bonds that offered a higher return. However, this would require the bank to realize a significant loss on the sale of the existing bonds.
Realizing a loss on the sale of investments is never an ideal situation for any bank or investor. However, in some cases, it may be necessary to address a liquidity or funding shortfall or to reposition the investment portfolio to generate better returns. Banks and investors need to carefully consider the risks and benefits of such transactions and ensure that they are aligned with their overall investment objectives and risk tolerance.
 

chartistkao1      ( Date: 16-Mar-2023 11:22) Posted:

Silicon Valley Bank was facing financial difficulties and had sought advice from Goldman Sachs on how to raise capital. The bank was experiencing a decline in deposits and the value of its bond portfolio due to the impact of rising interest rates, which was putting pressure on its finances. The prospect of a downgrade by Moody' s Investors Service would have made it even more difficult for the bank to raise funds and maintain profitability.
Raising capital is a common challenge for banks, particularly in times of economic uncertainty or market volatility. Banks may need to raise capital to meet regulatory requirements, support growth initiatives, or address financial difficulties such as those faced by Silicon Valley Bank. There are various ways that banks can raise capital, including issuing new shares or debt, selling assets, or reducing costs.
It is not uncommon for banks to seek advice from investment banks or financial advisors on how to raise capital or address financial challenges. These advisors can provide valuable insights and expertise on capital markets, financial instruments, and other strategic options that can help banks navigate challenging market conditions.
 
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chartistkao1
Supreme
16-Mar-2023 11:26     
 
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 Alert Admin 		It seems that one of the problems faced by Silicon Valley Bank (SVB) was related to its funding and investment strategy. Banks generally make profits by investing the money deposited by customers into various assets such as loans, securities, and other investments that earn a higher rate of return than what they pay to depositors. However, SVB was facing a problem where it had to pay higher interest rates to retain deposits, which was putting pressure on its profitability.
Moreover, the bank was investing in low-risk bonds that were bought during times of low interest rates, and as a result, they were not earning a high return. One possible solution for the bank was to sell some of these low-yield bonds and invest in new bonds that offered a higher return. However, this would require the bank to realize a significant loss on the sale of the existing bonds.
Realizing a loss on the sale of investments is never an ideal situation for any bank or investor. However, in some cases, it may be necessary to address a liquidity or funding shortfall or to reposition the investment portfolio to generate better returns. Banks and investors need to carefully consider the risks and benefits of such transactions and ensure that they are aligned with their overall investment objectives and risk tolerance.
 

chartistkao1      ( Date: 16-Mar-2023 11:22) Posted:

Silicon Valley Bank was facing financial difficulties and had sought advice from Goldman Sachs on how to raise capital. The bank was experiencing a decline in deposits and the value of its bond portfolio due to the impact of rising interest rates, which was putting pressure on its finances. The prospect of a downgrade by Moody' s Investors Service would have made it even more difficult for the bank to raise funds and maintain profitability.
Raising capital is a common challenge for banks, particularly in times of economic uncertainty or market volatility. Banks may need to raise capital to meet regulatory requirements, support growth initiatives, or address financial difficulties such as those faced by Silicon Valley Bank. There are various ways that banks can raise capital, including issuing new shares or debt, selling assets, or reducing costs.
It is not uncommon for banks to seek advice from investment banks or financial advisors on how to raise capital or address financial challenges. These advisors can provide valuable insights and expertise on capital markets, financial instruments, and other strategic options that can help banks navigate challenging market conditions.
 

chartistkao1      ( Date: 16-Mar-2023 11:19) Posted:

In the case of Credit Suisse, the recent selloff may be related to the bank' s involvement in the collapse of Greensill Capital, a supply chain finance firm that had significant exposure to Credit Suisse. The bank has also been dealing with other issues, including a $5.5 billion loss related to the collapse of Archegos Capital Management, a family office that had borrowed heavily from several banks, including Credit Suisse.
The sudden collapse of Silicon Valley Bank could also be contributing to investor concerns. While Silicon Valley Bank is not a major player in the global financial system, its collapse could be seen as a sign of broader economic weakness or instability, which could lead to a wider selloff.
The implications of a selloff in the financial markets can be significant, both for the banking sector and the wider economy. A sustained selloff can lead to a tightening of credit conditions, a reduction in lending and investment activity, and a potential slowdown in economic growth. It is important for regulators, investors, and other stakeholders to closely monitor the situation and take appropriate measures to ensure the stability of the financial system.
 
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chartistkao1
Supreme
16-Mar-2023 11:22     
 
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 Alert Admin 		Silicon Valley Bank was facing financial difficulties and had sought advice from Goldman Sachs on how to raise capital. The bank was experiencing a decline in deposits and the value of its bond portfolio due to the impact of rising interest rates, which was putting pressure on its finances. The prospect of a downgrade by Moody' s Investors Service would have made it even more difficult for the bank to raise funds and maintain profitability.
Raising capital is a common challenge for banks, particularly in times of economic uncertainty or market volatility. Banks may need to raise capital to meet regulatory requirements, support growth initiatives, or address financial difficulties such as those faced by Silicon Valley Bank. There are various ways that banks can raise capital, including issuing new shares or debt, selling assets, or reducing costs.
It is not uncommon for banks to seek advice from investment banks or financial advisors on how to raise capital or address financial challenges. These advisors can provide valuable insights and expertise on capital markets, financial instruments, and other strategic options that can help banks navigate challenging market conditions.
 

chartistkao1      ( Date: 16-Mar-2023 11:19) Posted:

In the case of Credit Suisse, the recent selloff may be related to the bank' s involvement in the collapse of Greensill Capital, a supply chain finance firm that had significant exposure to Credit Suisse. The bank has also been dealing with other issues, including a $5.5 billion loss related to the collapse of Archegos Capital Management, a family office that had borrowed heavily from several banks, including Credit Suisse.
The sudden collapse of Silicon Valley Bank could also be contributing to investor concerns. While Silicon Valley Bank is not a major player in the global financial system, its collapse could be seen as a sign of broader economic weakness or instability, which could lead to a wider selloff.
The implications of a selloff in the financial markets can be significant, both for the banking sector and the wider economy. A sustained selloff can lead to a tightening of credit conditions, a reduction in lending and investment activity, and a potential slowdown in economic growth. It is important for regulators, investors, and other stakeholders to closely monitor the situation and take appropriate measures to ensure the stability of the financial system.
 

chartistkao1      ( Date: 16-Mar-2023 11:08) Posted:

monitoring sg financial system after the three us bank' s collpase and the selling of european bank shares
The continued functioning of the SGD money market and forex markets also suggests that there is confidence in the financial system and that investors are able to transact and access funding as needed
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chartistkao1
Supreme
16-Mar-2023 11:19     
 
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 Alert Admin 		In the case of Credit Suisse, the recent selloff may be related to the bank' s involvement in the collapse of Greensill Capital, a supply chain finance firm that had significant exposure to Credit Suisse. The bank has also been dealing with other issues, including a $5.5 billion loss related to the collapse of Archegos Capital Management, a family office that had borrowed heavily from several banks, including Credit Suisse.
The sudden collapse of Silicon Valley Bank could also be contributing to investor concerns. While Silicon Valley Bank is not a major player in the global financial system, its collapse could be seen as a sign of broader economic weakness or instability, which could lead to a wider selloff.
The implications of a selloff in the financial markets can be significant, both for the banking sector and the wider economy. A sustained selloff can lead to a tightening of credit conditions, a reduction in lending and investment activity, and a potential slowdown in economic growth. It is important for regulators, investors, and other stakeholders to closely monitor the situation and take appropriate measures to ensure the stability of the financial system.
 

chartistkao1      ( Date: 16-Mar-2023 11:08) Posted:

monitoring sg financial system after the three us bank' s collpase and the selling of european bank shares
The continued functioning of the SGD money market and forex markets also suggests that there is confidence in the financial system and that investors are able to transact and access funding as needed.

chartistkao1      ( Date: 16-Mar-2023 11:02) Posted:

it is important to note that there may still be indirect exposure or contagion effects that could impact the financial system. As such, it is crucial for banks to manage their risks and maintain their liquidity and capital buffers to withstand any potential shocks or disruptions in the financial markets.
Overall, the confirmation by Singapore' s locally listed banks that they do not have direct exposure to these banks is a positive development and reflects the strength and resilience of the Singapore banking system. The regulatory oversight and risk management practices of the Monetary Authority of Singapore also play a critical role in ensuring the stability of the financial system.
 
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chartistkao1
Supreme
16-Mar-2023 11:08     
 
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 Alert Admin 		monitoring sg financial system after the three us bank' s collpase and the selling of european bank shares
The continued functioning of the SGD money market and forex markets also suggests that there is confidence in the financial system and that investors are able to transact and access funding as needed.

chartistkao1      ( Date: 16-Mar-2023 11:02) Posted:

it is important to note that there may still be indirect exposure or contagion effects that could impact the financial system. As such, it is crucial for banks to manage their risks and maintain their liquidity and capital buffers to withstand any potential shocks or disruptions in the financial markets.
Overall, the confirmation by Singapore' s locally listed banks that they do not have direct exposure to these banks is a positive development and reflects the strength and resilience of the Singapore banking system. The regulatory oversight and risk management practices of the Monetary Authority of Singapore also play a critical role in ensuring the stability of the financial system.
 

Sgvale      ( Date: 16-Mar-2023 10:38) Posted:

Is recovering. Later sure turn Green
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chartistkao1
Supreme
16-Mar-2023 11:02     
 
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 Alert Admin 		it is important to note that there may still be indirect exposure or contagion effects that could impact the financial system. As such, it is crucial for banks to manage their risks and maintain their liquidity and capital buffers to withstand any potential shocks or disruptions in the financial markets.
Overall, the confirmation by Singapore' s locally listed banks that they do not have direct exposure to these banks is a positive development and reflects the strength and resilience of the Singapore banking system. The regulatory oversight and risk management practices of the Monetary Authority of Singapore also play a critical role in ensuring the stability of the financial system.
 

Sgvale      ( Date: 16-Mar-2023 10:38) Posted:

Is recovering. Later sure turn Green
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Sgvale
Supreme
16-Mar-2023 10:38     
 
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 Alert Admin 		Is recovering. Later sure turn Green
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chartistkao1
Supreme
16-Mar-2023 10:37     
 
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 Alert Admin 		Singapore' s banking system is known for its stability and strong regulatory framework. The Monetary Authority of Singapore (MAS) is the central bank and financial regulator of Singapore and has a reputation for being conservative in its policies, which has helped Singapore banks weather various economic and financial crises.
Singapore banks have also been actively managing their liquidity, which refers to their ability to meet their short-term obligations. In 2020, Singapore banks had a strong liquidity position, with a liquidity coverage ratio of around 180%, which indicates that they have enough high-quality liquid assets to cover their short-term funding needs.
 

chartistkao1      ( Date: 03-Mar-2023 14:37) Posted:

https://www.businesstimes.com.sg/companies-markets/indias-adani-secured-us3-billion-credit-sovereign-wealth-fund

chartistkao1      ( Date: 03-Mar-2023 14:25) Posted:

BB go in to buy adani' s share after its lost $150 b market cap
why you run?
Wee Ee Cheong, CEO of United Overseas Bank (UOB), has raised his stake in the bank his family controls. On Feb 23, he acquired 100,000 shares on the open market at about $29.58 each, bringing his direct stake to 3.28 million shares, equivalent to 0.2%.
In addition, Wee has a deemed stake in another 173.7 million shares. The two stakes give him a total deemed interest of nearly 177 million shares, equivalent to 10.57%.
The last time Wee bought from the market was on Aug 19 when he acquired 25,000 shares at $26.80 each. Wee aside, the most recent acquisition by a UOB director was on Nov 11, 2022, when chairman Wong Kan Seng acquired 10,000 shares at about $29.39 each, bringing his holdings to 32,470 shares.
UOB reported its FY2022 ended December 2022 earnings before the market opened on Feb 23, the same day Wee bought the shares. In FY2022, the bank reported earnings of $4.8 billion, up 18% from $4.08 billion in FY2021, thanks to better margins from higher interest rates.
The bank plans to pay a final dividend of 75 cents. This brings the payout for FY2022 to $1.35, representing a payout ratio of around 49%.
Besides enjoying the gains from higher interest rates, the bank has charted new growth ahead with the recent acquisition of Citigroup&rsquo s consumer banking business in four markets: Malaysia, Thailand, Indonesia and Vietnam.
&ldquo This transformational deal, sealed during the pandemic, positions us well in our strategic ambitions in the regional consumer banking space. We are excited to serve our enlarged customer base of 7 million with our expanded network and strengthened capabilities,&rdquo says Wee.
&ldquo The Asean region is vibrant with immense long-term potential. We remain positive about the region despite the global economic gloom in the near term. Looking ahead, we are confident that our strategy of seeking growth while ensuring stability will continue to create value for our customers and other stakeholders,&rdquo he adds.

 
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chartistkao1
Supreme
03-Mar-2023 14:37     
 
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 Alert Admin 		https://www.businesstimes.com.sg/companies-markets/indias-adani-secured-us3-billion-credit-sovereign-wealth-fund

chartistkao1      ( Date: 03-Mar-2023 14:25) Posted:

BB go in to buy adani' s share after its lost $150 b market cap
why you run?
Wee Ee Cheong, CEO of United Overseas Bank (UOB), has raised his stake in the bank his family controls. On Feb 23, he acquired 100,000 shares on the open market at about $29.58 each, bringing his direct stake to 3.28 million shares, equivalent to 0.2%.
In addition, Wee has a deemed stake in another 173.7 million shares. The two stakes give him a total deemed interest of nearly 177 million shares, equivalent to 10.57%.
The last time Wee bought from the market was on Aug 19 when he acquired 25,000 shares at $26.80 each. Wee aside, the most recent acquisition by a UOB director was on Nov 11, 2022, when chairman Wong Kan Seng acquired 10,000 shares at about $29.39 each, bringing his holdings to 32,470 shares.
UOB reported its FY2022 ended December 2022 earnings before the market opened on Feb 23, the same day Wee bought the shares. In FY2022, the bank reported earnings of $4.8 billion, up 18% from $4.08 billion in FY2021, thanks to better margins from higher interest rates.
The bank plans to pay a final dividend of 75 cents. This brings the payout for FY2022 to $1.35, representing a payout ratio of around 49%.
Besides enjoying the gains from higher interest rates, the bank has charted new growth ahead with the recent acquisition of Citigroup&rsquo s consumer banking business in four markets: Malaysia, Thailand, Indonesia and Vietnam.
&ldquo This transformational deal, sealed during the pandemic, positions us well in our strategic ambitions in the regional consumer banking space. We are excited to serve our enlarged customer base of 7 million with our expanded network and strengthened capabilities,&rdquo says Wee.
&ldquo The Asean region is vibrant with immense long-term potential. We remain positive about the region despite the global economic gloom in the near term. Looking ahead, we are confident that our strategy of seeking growth while ensuring stability will continue to create value for our customers and other stakeholders,&rdquo he adds.

 

Ling9345      ( Date: 02-Mar-2023 16:59) Posted:

BB run 🏃 ‍ ♂ ️ 🏃 ‍ ♂ ️ run
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chartistkao1
Supreme
03-Mar-2023 14:25     
 
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 Alert Admin 		BB go in to buy adani' s share after its lost $150 b market cap
why you run?
Wee Ee Cheong, CEO of United Overseas Bank (UOB), has raised his stake in the bank his family controls. On Feb 23, he acquired 100,000 shares on the open market at about $29.58 each, bringing his direct stake to 3.28 million shares, equivalent to 0.2%.
In addition, Wee has a deemed stake in another 173.7 million shares. The two stakes give him a total deemed interest of nearly 177 million shares, equivalent to 10.57%.
The last time Wee bought from the market was on Aug 19 when he acquired 25,000 shares at $26.80 each. Wee aside, the most recent acquisition by a UOB director was on Nov 11, 2022, when chairman Wong Kan Seng acquired 10,000 shares at about $29.39 each, bringing his holdings to 32,470 shares.
UOB reported its FY2022 ended December 2022 earnings before the market opened on Feb 23, the same day Wee bought the shares. In FY2022, the bank reported earnings of $4.8 billion, up 18% from $4.08 billion in FY2021, thanks to better margins from higher interest rates.
The bank plans to pay a final dividend of 75 cents. This brings the payout for FY2022 to $1.35, representing a payout ratio of around 49%.
Besides enjoying the gains from higher interest rates, the bank has charted new growth ahead with the recent acquisition of Citigroup&rsquo s consumer banking business in four markets: Malaysia, Thailand, Indonesia and Vietnam.
&ldquo This transformational deal, sealed during the pandemic, positions us well in our strategic ambitions in the regional consumer banking space. We are excited to serve our enlarged customer base of 7 million with our expanded network and strengthened capabilities,&rdquo says Wee.
&ldquo The Asean region is vibrant with immense long-term potential. We remain positive about the region despite the global economic gloom in the near term. Looking ahead, we are confident that our strategy of seeking growth while ensuring stability will continue to create value for our customers and other stakeholders,&rdquo he adds.

 

Ling9345      ( Date: 02-Mar-2023 16:59) Posted:

BB run 🏃 ‍ ♂ ️ 🏃 ‍ ♂ ️ run
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Ling9345
Veteran
02-Mar-2023 16:59     
 
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 Alert Admin 		BB run 🏃 ‍ ♂ ️ 🏃 ‍ ♂ ️ run
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chartistkao1
Supreme
02-Mar-2023 16:57     
 
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chartistkao1      ( Date: 01-Mar-2023 17:28) Posted:

usd rupiah 15235
The impact of US rate hikes on the Indonesian economy will depend on a range of factors, including the size and speed of the rate increases, as well as Indonesia' s own economic and financial conditions.
One potential impact of US rate hikes is that they could lead to higher borrowing costs for Indonesian companies and the government. If Indonesian borrowers have significant dollar-denominated debt, as is often the case in emerging markets, then higher US interest rates could lead to higher borrowing costs and debt servicing costs, putting pressure on the economy.
In addition, higher US rates could lead to a strengthening of the dollar, which could make Indonesian exports more expensive and less competitive in global markets. This could hurt Indonesian businesses that rely on exports for their revenue, and could also lead to a wider trade deficit.
On the other hand, if the US rate hikes are driven by a strong US economy and higher demand for imports, this could be positive for Indonesia' s export-oriented economy, which could benefit from increased demand for Indonesian goods.
Overall, the impact of US rate hikes on the Indonesian economy is complex and will depend on a range of factors. While higher US rates could pose challenges for the Indonesian economy, there may also be opportunities for growth and development if the global economic environment remains favorable.
 

chartistkao1      ( Date: 01-Mar-2023 16:57) Posted:

Emerging markets are economies that are in the process of rapid growth and development, and are often characterized by high levels of economic volatility and uncertainty. These economies often rely heavily on foreign investment and financing to fund their growth, which can lead to heavy borrowing in foreign currencies such as the US dollar.
One of the key risks associated with heavy dollar loan borrowings in emerging markets is currency mismatch. If the value of the local currency falls against the dollar, the cost of servicing these loans increases, putting significant pressure on the borrower' s ability to repay. In addition, if global interest rates rise, the cost of servicing these loans also increases, which can be particularly challenging for emerging market borrowers with weaker credit profiles.
Despite these risks, many emerging market borrowers continue to borrow heavily in dollars due to the relative ease and lower cost of access to funding, as well as the potential benefits of diversifying their sources of financing. However, it is important for borrowers to manage their currency and interest rate risk carefully, and to ensure that they have adequate reserves and other safeguards in place to manage potential financial shocks.
 
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The impact of US rate hikes on the Indonesian economy will depend on a range of factors, including the size and speed of the rate increases, as well as Indonesia' s own economic and financial conditions.
One potential impact of US rate hikes is that they could lead to higher borrowing costs for Indonesian companies and the government. If Indonesian borrowers have significant dollar-denominated debt, as is often the case in emerging markets, then higher US interest rates could lead to higher borrowing costs and debt servicing costs, putting pressure on the economy.
In addition, higher US rates could lead to a strengthening of the dollar, which could make Indonesian exports more expensive and less competitive in global markets. This could hurt Indonesian businesses that rely on exports for their revenue, and could also lead to a wider trade deficit.
On the other hand, if the US rate hikes are driven by a strong US economy and higher demand for imports, this could be positive for Indonesia' s export-oriented economy, which could benefit from increased demand for Indonesian goods.
Overall, the impact of US rate hikes on the Indonesian economy is complex and will depend on a range of factors. While higher US rates could pose challenges for the Indonesian economy, there may also be opportunities for growth and development if the global economic environment remains favorable.
 

chartistkao1      ( Date: 01-Mar-2023 16:57) Posted:

Emerging markets are economies that are in the process of rapid growth and development, and are often characterized by high levels of economic volatility and uncertainty. These economies often rely heavily on foreign investment and financing to fund their growth, which can lead to heavy borrowing in foreign currencies such as the US dollar.
One of the key risks associated with heavy dollar loan borrowings in emerging markets is currency mismatch. If the value of the local currency falls against the dollar, the cost of servicing these loans increases, putting significant pressure on the borrower' s ability to repay. In addition, if global interest rates rise, the cost of servicing these loans also increases, which can be particularly challenging for emerging market borrowers with weaker credit profiles.
Despite these risks, many emerging market borrowers continue to borrow heavily in dollars due to the relative ease and lower cost of access to funding, as well as the potential benefits of diversifying their sources of financing. However, it is important for borrowers to manage their currency and interest rate risk carefully, and to ensure that they have adequate reserves and other safeguards in place to manage potential financial shocks.
 

chartistkao1      ( Date: 01-Mar-2023 16:51) Posted:

The Fed, which announced a smaller quarter-point rate hike this week, has raised interest rates from 0.25 percent in March 2022 to a current level of 4.75 percent. In turn, inflation rates have dropped from a peak of 9.1 percent in June 2022 to 6.5 percent in December 2022.2 Feb 2023
 
If the Federal Reserve were to hike interest rates more than 12 times, it could have significant effects on the global economy. Here are some potential consequences:
  1. Slower economic growth: Higher interest rates make it more expensive for businesses and consumers to borrow money, which can slow down spending and investment. This, in turn, could lead to slower economic growth in the US and other countries that rely on US demand.
  2. Stronger dollar: Higher interest rates tend to make a country' s currency more attractive to investors, as they can earn a higher return on their investments. This could lead to a stronger US dollar, which could hurt US exports and make it more difficult for US businesses to compete in international markets.
  3. Increased debt burden: Many countries, especially emerging markets, have borrowed heavily in US dollars. Higher interest rates could make it more difficult for these countries to service their debt, leading to defaults and financial crises.
  4. Volatility in financial markets: Large and unexpected interest rate hikes could cause volatility in financial markets, as investors adjust their expectations for growth and inflation. This could lead to a sharp sell-off in stocks and other assets, which could harm investors and pension funds.
Overall, it' s difficult to predict the exact consequences of 12 or more interest rate hikes by the Federal Reserve, as it would depend on a variety of factors, including the pace and timing of the hikes, and the overall state of the global economy. However, it' s likely that such a move would have significant implications for businesses, consumers, and investors around the world.
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 Alert Admin 		Emerging markets are economies that are in the process of rapid growth and development, and are often characterized by high levels of economic volatility and uncertainty. These economies often rely heavily on foreign investment and financing to fund their growth, which can lead to heavy borrowing in foreign currencies such as the US dollar.
One of the key risks associated with heavy dollar loan borrowings in emerging markets is currency mismatch. If the value of the local currency falls against the dollar, the cost of servicing these loans increases, putting significant pressure on the borrower' s ability to repay. In addition, if global interest rates rise, the cost of servicing these loans also increases, which can be particularly challenging for emerging market borrowers with weaker credit profiles.
Despite these risks, many emerging market borrowers continue to borrow heavily in dollars due to the relative ease and lower cost of access to funding, as well as the potential benefits of diversifying their sources of financing. However, it is important for borrowers to manage their currency and interest rate risk carefully, and to ensure that they have adequate reserves and other safeguards in place to manage potential financial shocks.
 

chartistkao1      ( Date: 01-Mar-2023 16:51) Posted:

The Fed, which announced a smaller quarter-point rate hike this week, has raised interest rates from 0.25 percent in March 2022 to a current level of 4.75 percent. In turn, inflation rates have dropped from a peak of 9.1 percent in June 2022 to 6.5 percent in December 2022.2 Feb 2023
 
If the Federal Reserve were to hike interest rates more than 12 times, it could have significant effects on the global economy. Here are some potential consequences:
  1. Slower economic growth: Higher interest rates make it more expensive for businesses and consumers to borrow money, which can slow down spending and investment. This, in turn, could lead to slower economic growth in the US and other countries that rely on US demand.
  2. Stronger dollar: Higher interest rates tend to make a country' s currency more attractive to investors, as they can earn a higher return on their investments. This could lead to a stronger US dollar, which could hurt US exports and make it more difficult for US businesses to compete in international markets.
  3. Increased debt burden: Many countries, especially emerging markets, have borrowed heavily in US dollars. Higher interest rates could make it more difficult for these countries to service their debt, leading to defaults and financial crises.
  4. Volatility in financial markets: Large and unexpected interest rate hikes could cause volatility in financial markets, as investors adjust their expectations for growth and inflation. This could lead to a sharp sell-off in stocks and other assets, which could harm investors and pension funds.
Overall, it' s difficult to predict the exact consequences of 12 or more interest rate hikes by the Federal Reserve, as it would depend on a variety of factors, including the pace and timing of the hikes, and the overall state of the global economy. However, it' s likely that such a move would have significant implications for businesses, consumers, and investors around the world.


chartistkao1      ( Date: 01-Mar-2023 16:38) Posted:

how us continue to supply weapons to ukraine and rate hikjes screw up global economy

usd sgd 1.34
 
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The Fed, which announced a smaller quarter-point rate hike this week, has raised interest rates from 0.25 percent in March 2022 to a current level of 4.75 percent. In turn, inflation rates have dropped from a peak of 9.1 percent in June 2022 to 6.5 percent in December 2022.2 Feb 2023
 
If the Federal Reserve were to hike interest rates more than 12 times, it could have significant effects on the global economy. Here are some potential consequences:
  1. Slower economic growth: Higher interest rates make it more expensive for businesses and consumers to borrow money, which can slow down spending and investment. This, in turn, could lead to slower economic growth in the US and other countries that rely on US demand.
  2. Stronger dollar: Higher interest rates tend to make a country' s currency more attractive to investors, as they can earn a higher return on their investments. This could lead to a stronger US dollar, which could hurt US exports and make it more difficult for US businesses to compete in international markets.
  3. Increased debt burden: Many countries, especially emerging markets, have borrowed heavily in US dollars. Higher interest rates could make it more difficult for these countries to service their debt, leading to defaults and financial crises.
  4. Volatility in financial markets: Large and unexpected interest rate hikes could cause volatility in financial markets, as investors adjust their expectations for growth and inflation. This could lead to a sharp sell-off in stocks and other assets, which could harm investors and pension funds.
Overall, it' s difficult to predict the exact consequences of 12 or more interest rate hikes by the Federal Reserve, as it would depend on a variety of factors, including the pace and timing of the hikes, and the overall state of the global economy. However, it' s likely that such a move would have significant implications for businesses, consumers, and investors around the world.


chartistkao1      ( Date: 01-Mar-2023 16:38) Posted:

how us continue to supply weapons to ukraine and rate hikjes screw up global economy

usd sgd 1.34
 

chartistkao1      ( Date: 01-Mar-2023 13:42) Posted:

usd sgd-1.3459
usd cnh-6.9123
eurousd- 1.0592
usdyen 13641
gbpusd-1.2041
 
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chartistkao1
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01-Mar-2023 16:38     
 
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 Alert Admin 		how us continue to supply weapons to ukraine and rate hikjes screw up global economy

usd sgd 1.34
 

chartistkao1      ( Date: 01-Mar-2023 13:42) Posted:

usd sgd-1.3459
usd cnh-6.9123
eurousd- 1.0592
usdyen 13641
gbpusd-1.2041
 

chartistkao1      ( Date: 01-Mar-2023 13:30) Posted:

A US recession could potentially have an impact on Singapore' s property market, as Singapore is a small and highly open economy that is heavily reliant on exports and foreign investment.
If the US recession leads to a slowdown in the global economy, it could reduce demand for Singapore' s exports, leading to a decrease in economic growth and potentially impacting the property market.
Additionally, if the recession leads to a decrease in foreign investment in Singapore, it could lead to a decrease in demand for properties in the country. Singapore' s property market has historically been attractive to foreign investors due to its stability, strong legal framework, and attractive yields. A US recession could reduce investor confidence and lead to a decrease in foreign investment in Singapore, potentially impacting the property market.
However, it is important to note that there are other factors that can impact Singapore' s property market, such as domestic policies, interest rates, and market dynamics. Therefore, while a US recession could potentially have an impact on Singapore' s property market, the exact impact will depend on a variety of factors and is difficult to predict with certainty.
 
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