OCBC Bank
Last:23.94
-0.06
do not bet against the sg bank shares
Post Reply
121-140 of 482
https://www.ikanbot.com/play/746494
chartistkao1 ( Date: 10-Apr-2023 15:48) Posted:
fighting with rate hikes virus
https://aidi.tv/play/3001-1-1.html
chartistkao1 ( Date: 10-Apr-2023 15:38) Posted:
more money will flow from cpf into ocbc as it is still around 2011 share price despite inproved in its earning performance so many time and higher dividend yields
https://www.theedgemarkets.com/article/uob-lowers-target-ocbc-1180-keeps-bu |
|
|
|
fighting with rate hikes virus
https://aidi.tv/play/3001-1-1.html
chartistkao1 ( Date: 10-Apr-2023 15:38) Posted:
more money will flow from cpf into ocbc as it is still around 2011 share price despite inproved in its earning performance so many time and higher dividend yields
https://www.theedgemarkets.com/article/uob-lowers-target-ocbc-1180-keeps-buy
chartistkao1 ( Date: 10-Apr-2023 15:26) Posted:
https://sginvestors.io/analysts/research/2023/04/singapore-stock-alpha-picks-april-2023-uob-kay-hian-research-2023-04-04
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=A54IIPUCMSHXM8YO
https://www.businesstimes.com.sg/companies-markets/sembcorp-leads-buyback-tally-second-consecutive-week
|
|
|
|
more money will flow from cpf into ocbc as it is still around 2011 share price despite inproved in its earning performance so many time and higher dividend yields
https://www.theedgemarkets.com/article/uob-lowers-target-ocbc-1180-keeps-buy
chartistkao1 ( Date: 10-Apr-2023 15:26) Posted:
https://sginvestors.io/analysts/research/2023/04/singapore-stock-alpha-picks-april-2023-uob-kay-hian-research-2023-04-04
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=A54IIPUCMSHXM8YO
https://www.businesstimes.com.sg/companies-markets/sembcorp-leads-buyback-tally-second-consecutive-week
chartistkao1 ( Date: 06-Apr-2023 15:37) Posted:
| money from australia coming back too
https://www.listcorp.com/asx/sectors/financials/banks
usdsgd1.328
|
|
|
|
https://sginvestors.io/analysts/research/2023/04/singapore-stock-alpha-picks-april-2023-uob-kay-hian-research-2023-04-04
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=A54IIPUCMSHXM8YO
https://www.businesstimes.com.sg/companies-markets/sembcorp-leads-buyback-tally-second-consecutive-week
chartistkao1 ( Date: 06-Apr-2023 15:37) Posted:
| money from australia coming back too
https://www.listcorp.com/asx/sectors/financials/banks
usdsgd1.328
chartistkao1 ( Date: 06-Apr-2023 15:33) Posted:
| money from t-bills and fd goes back into ocbc and uob after this money share squeeze..it is over
Singapore banks may face squeeze in net interest margins amid muted loan growth, high demand for FDs
THU, APR 06, 2023 - 05:50 AM
|
|
|
|
money from australia coming back too
https://www.listcorp.com/asx/sectors/financials/banks
usdsgd1.328
chartistkao1 ( Date: 06-Apr-2023 15:33) Posted:
| money from t-bills and fd goes back into ocbc and uob after this money share squeeze..it is over
Singapore banks may face squeeze in net interest margins amid muted loan growth, high demand for FDs
THU, APR 06, 2023 - 05:50 AM
chartistkao1 ( Date: 31-Mar-2023 14:35) Posted:
| luckily silicon valley,silvergate and singnature bank collpase and
https://www.cbsnews.com/news/credit-suisse-shares-down-ubs-takeover/
we are seeing
https://www.finews.asia/finance/38968-singapore-edb-new-requirements-family-offices
|
|
|
|
money from t-bills and fd goes back into ocbc and uob after this money share squeeze..it is over
Singapore banks may face squeeze in net interest margins amid muted loan growth, high demand for FDs
THU, APR 06, 2023 - 05:50 AM
chartistkao1 ( Date: 31-Mar-2023 14:35) Posted:
| luckily silicon valley,silvergate and singnature bank collpase and
https://www.cbsnews.com/news/credit-suisse-shares-down-ubs-takeover/
we are seeing
https://www.finews.asia/finance/38968-singapore-edb-new-requirements-family-offices
pasttime ( Date: 24-Mar-2023 12:38) Posted:
| 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. |
|
|
|
luckily silicon valley,silvergate and singnature bank collpase and
https://www.cbsnews.com/news/credit-suisse-shares-down-ubs-takeover/
we are seeing
https://www.finews.asia/finance/38968-singapore-edb-new-requirements-family-offices
pasttime ( Date: 24-Mar-2023 12:38) Posted:
| 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. |
|
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.
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.
|
|
|
|
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.
|
|
|
|
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.
|
|
|
|
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.
|
|
|
|
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.
|
|
|
|
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 |
|
|
|
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.
|
|
|
|
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 |
|
|
|
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 |
|
Is recovering. Later sure turn Green
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.
|
|
|
|
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 |
|
|
|
