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The Cash Cow
UOB Kay Hian (UOBKH) was first listed in October 2000. Since then, there has been a myriad of developments that has happened. We have seen the 2003 SARS outbreak, the 2008 Global Financial Crisis and more recently, the COVID-19 epidemic that has scarred most economies across the world. With all the developments that has taken place, it makes sense to revisit the journey that UOBKH has went through thus far.
Table: Historical key financial ratios - UOBKH
Source: Company reports
Note: The End-of-Year share price was based on UOBKHs annual report, which is the share price at the end of Mar after the financial year (i.e. share price for FY2006 would be the closing share price in Mar 2007).
Early bird catches the worm - Getting it for free
For unitholders who have stuck with the company since its listing &ndash congratulations to you. The firms closing price on the first trading day was $1.10 (the IPO price might have been lower, but couldn&rsquo t find it online. If anyone knows, feel free to drop me a message). If you had held the shares till today, you would have reaped total dividends amounting to $1.37 per share. The total gains from dividends and capital appreciation would thus be $1.87 per share:
Total gain = $1.37 (Total dividends) + $1.60 (Current market price) - $1.10 (cost price) = $1.87 per share
Do not forget that over this period, the net asset value (basically how much the firm is worth should you sell off the assets and pay off the liabilities) has appreciated by about 2 and a half times from 75 cents per share as at end 2001 to 195 cents per share as at end 2020, and looks set to increase further assuming the company maintains its growth trajectory.
9.5 cents dividends declared in FY2020 was high, but not the highest
Some of us might think that the dividends declared in FY2020 was a record high. However, this isnt the case. As shown in the table above, the highest dividend per share occurred in FY2007 at 20.89 cents, which corresponded to higher profits recorded in FY2007. Even at that amount of dividends per share, the payout ratio was still kept at a relatively conservative 55%.
Will that happen again?
Looking at the earnings reported by parent UOB (specifically, the share of profits of associates and joint ventures), it appears that UOBKH might be headed for another record year in 2021. Merely assuming a 50% jump in FY2021 earnings would imply that dividends per share for FY2021 might reach 15 cents per share, which would give a very attractive yield of 9.4% based on the current price of $1.60.
Conclusion
It is often said that opportunities doesnt come knocking on the doors twice. With the Net Asset Value of this firm set to increase annually (by virtue of the undistributed profits that keeps retained earnings growing) and a very attractive, and perhaps sustainable) yield of close to 10% at current prices, one would be hard-pressed to find a better alternative in todays environment.
Happy investing and stay safe, cheers!
Uncovering_Value
UOB Kay Hian (UOBKH) was first listed in October 2000. Since then, there has been a myriad of developments that has happened. We have seen the 2003 SARS outbreak, the 2008 Global Financial Crisis and more recently, the COVID-19 epidemic that has scarred most economies across the world. With all the developments that has taken place, it makes sense to revisit the journey that UOBKH has went through thus far.
Table: Historical key financial ratios - UOBKH
|
Note: The End-of-Year share price was based on UOBKHs annual report, which is the share price at the end of Mar after the financial year (i.e. share price for FY2006 would be the closing share price in Mar 2007).
Early bird catches the worm - Getting it for free
For unitholders who have stuck with the company since its listing &ndash congratulations to you. The firms closing price on the first trading day was $1.10 (the IPO price might have been lower, but couldn&rsquo t find it online. If anyone knows, feel free to drop me a message). If you had held the shares till today, you would have reaped total dividends amounting to $1.37 per share. The total gains from dividends and capital appreciation would thus be $1.87 per share:
Total gain = $1.37 (Total dividends) + $1.60 (Current market price) - $1.10 (cost price) = $1.87 per share
Do not forget that over this period, the net asset value (basically how much the firm is worth should you sell off the assets and pay off the liabilities) has appreciated by about 2 and a half times from 75 cents per share as at end 2001 to 195 cents per share as at end 2020, and looks set to increase further assuming the company maintains its growth trajectory.
9.5 cents dividends declared in FY2020 was high, but not the highest
Some of us might think that the dividends declared in FY2020 was a record high. However, this isnt the case. As shown in the table above, the highest dividend per share occurred in FY2007 at 20.89 cents, which corresponded to higher profits recorded in FY2007. Even at that amount of dividends per share, the payout ratio was still kept at a relatively conservative 55%.
Will that happen again?
Looking at the earnings reported by parent UOB (specifically, the share of profits of associates and joint ventures), it appears that UOBKH might be headed for another record year in 2021. Merely assuming a 50% jump in FY2021 earnings would imply that dividends per share for FY2021 might reach 15 cents per share, which would give a very attractive yield of 9.4% based on the current price of $1.60.
Conclusion
It is often said that opportunities doesnt come knocking on the doors twice. With the Net Asset Value of this firm set to increase annually (by virtue of the undistributed profits that keeps retained earnings growing) and a very attractive, and perhaps sustainable) yield of close to 10% at current prices, one would be hard-pressed to find a better alternative in todays environment.
Happy investing and stay safe, cheers!
Uncovering_Value
UOB-Kay Hian Holdings
Between May 12 and 17, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 769,000 shares of the company for a consideration of S$1,184,760 at S$1.54 per share.
This increased his total interest in UOBKH from 30.85 per cent to 30.94 per cent.
Mr Wee' s preceding acquisition was on Jan 5 with 125,100 shares acquired at S$1.44 per share. His total interest in UOBKH has gradually increased from 27.98 per cent at the end of 2018.
This stock is for long.. Mr Wee is very patient business man. When the time right I believe he will make the move. Meanwhile just enjoy the dividend
Wa, very cheem.
anyway, I trust my good friend EeChao. It should be a good year or half year, where an interim is very possible.
the company has been very successful in a number of corporate work like M& A, takeover, privatisation, business acquisition etc. The takeover of JEP by UMS is handled by them for example. Don' t look on them just as a broker.
anyway, I trust my good friend EeChao. It should be a good year or half year, where an interim is very possible.
the company has been very successful in a number of corporate work like M& A, takeover, privatisation, business acquisition etc. The takeover of JEP by UMS is handled by them for example. Don' t look on them just as a broker.
Just offering my two cents worth on this issue.
The amount of stocks to purchase as well as the duration of holding has long been a debatable topic. I know of some who refuse to put a single cent into stocks, with the 1998 Malaysian CLOB scheme fresh off their minds. On the other extreme, I hear of people going to the extent of borrowing to finance their purchases (i.e. margin financing).
Stage of life matters
Ultimately, the stage of your life you are currently in plays a large part in dictating the asset allocation within your portfolio, and perhaps the duration you would be holding on to the security. Many factors come into play here &ndash your age, your family commitments, your health commitments etc. Someone who is married with a few kids and a mortgage to attend to would probably prefer to be less aggressive in his or her portfolio and elect to have greater stability in it.
Buy and keep till when?
To return to the question of buying and holding for how long, here is what I personally think for UOB Kay Hian. The yearly dividend payments since the stock was listed in 2000 offers an avenue of stability in income and the opportunity to participate in increased payouts based on the growth of the business. In general, since the Global Financial Crisis (GFC) in 2008, UOBKH has largely maintained a payout ratio of about 50%. Barring unforeseen circumstances, this implies that any growth in EPS would correspond to higher dividend payments to shareholders. Even better, the remaining earnings that isn&rsquo t distributed simply goes into the net asset value (NAV) of the firm in terms of retained earnings, leading to higher NAV in the process.
In the words of legendary investor Warren Buffett, &ldquo our favourite holding period is forever&rdquo . If your goal is for stable returns with a prospect of decent capital appreciation of the stock, UOBKH might be something that you can hold for as long as you would like.
Happy investing and stay safe, cheers!
Uncovering_Value
The amount of stocks to purchase as well as the duration of holding has long been a debatable topic. I know of some who refuse to put a single cent into stocks, with the 1998 Malaysian CLOB scheme fresh off their minds. On the other extreme, I hear of people going to the extent of borrowing to finance their purchases (i.e. margin financing).
Stage of life matters
Ultimately, the stage of your life you are currently in plays a large part in dictating the asset allocation within your portfolio, and perhaps the duration you would be holding on to the security. Many factors come into play here &ndash your age, your family commitments, your health commitments etc. Someone who is married with a few kids and a mortgage to attend to would probably prefer to be less aggressive in his or her portfolio and elect to have greater stability in it.
Buy and keep till when?
To return to the question of buying and holding for how long, here is what I personally think for UOB Kay Hian. The yearly dividend payments since the stock was listed in 2000 offers an avenue of stability in income and the opportunity to participate in increased payouts based on the growth of the business. In general, since the Global Financial Crisis (GFC) in 2008, UOBKH has largely maintained a payout ratio of about 50%. Barring unforeseen circumstances, this implies that any growth in EPS would correspond to higher dividend payments to shareholders. Even better, the remaining earnings that isn&rsquo t distributed simply goes into the net asset value (NAV) of the firm in terms of retained earnings, leading to higher NAV in the process.
In the words of legendary investor Warren Buffett, &ldquo our favourite holding period is forever&rdquo . If your goal is for stable returns with a prospect of decent capital appreciation of the stock, UOBKH might be something that you can hold for as long as you would like.
Happy investing and stay safe, cheers!
Uncovering_Value
crystalbee ( Date: 20-May-2021 12:53) Posted:
|
1.60/1.61 now...
other stocks so sain watching, so it' s a pleasure viewing this,
other stocks so sain watching, so it' s a pleasure viewing this,
Until 2013, company used to pay twice a year, but even that the combined cannot beat the crazy dividends of 9.5 this year.
but my friend told me in the olden years they used to get about 20 cents a year... don' t know how true, need to check with EeChao. Who knows? the way he talks, seems like he' s hinting of an interim. Let' s see how the price movement go next month onwards.
but my friend told me in the olden years they used to get about 20 cents a year... don' t know how true, need to check with EeChao. Who knows? the way he talks, seems like he' s hinting of an interim. Let' s see how the price movement go next month onwards.
I think Dividend payment is once a year only. Recently dividend just paid out, so buy and keep till next year?
Wow! Really sounds like my very good friend EeChao....
I must add for him that the company pays out about half its profits, and it is every likelihood that the dividends of 9.5 will maintain, if not better.. PE is so bloody low, only half of financial industry PE. That' s why for some reason, market is confident it is moving towards two dollars which is about its Nav price. Its grandfather and uncles are already trading at premium to bv, like 1.2 to 1.5 times. So today price at 0.8 to nav it is attractively low Plus with the company pricing it' s scrips at $1.495, don' t expect the price to go below this, with EeChao and all his buddies committing to take up scrips, leaving the company with more cash to play around.. Sorry, I m no technical man, I juz parrot what my friends say., so don' t bother if what I said doesn' t make cents, I mean sense, to you. Cheers
bpdyohwadfmb
I must add for him that the company pays out about half its profits, and it is every likelihood that the dividends of 9.5 will maintain, if not better.. PE is so bloody low, only half of financial industry PE. That' s why for some reason, market is confident it is moving towards two dollars which is about its Nav price. Its grandfather and uncles are already trading at premium to bv, like 1.2 to 1.5 times. So today price at 0.8 to nav it is attractively low Plus with the company pricing it' s scrips at $1.495, don' t expect the price to go below this, with EeChao and all his buddies committing to take up scrips, leaving the company with more cash to play around.. Sorry, I m no technical man, I juz parrot what my friends say., so don' t bother if what I said doesn' t make cents, I mean sense, to you. Cheers
bpdyohwadfmb
The story of open market purchases vs a privatisation
Many of us wonder why a company isn&rsquo t privatised if the valuations are indeed so attractive. Well, truth be told, no one can be sure of the intrinsic motivations of a takeover of a company. It might be a case where the management feels that there is no requirement to tap the capital markets and hence leaving the firm listed is akin to wasting fees on unnecessary listing expenses. It could also arise from a sense of a deep valuation discount the company is currently trading at as compared to its fair value.
Insiders know it best
While the deemed interest of Mr Wee Ee Chao has crossed the 30% threshold for a mandatory takeover, the Company has previously announced that the crossing of the threshold was due to the issuance of shares under the Scrip Dividend Issuance scheme. Moreover, together with concerted persons, the collective interest in UOBKH is already more than 50%. Hence, there is no requirement to make a general offer. Readers may refer to the following link for more information:
https://links.sgx.com/FileOpen/UOBKHHL-Clarification%20Announcement%2028092020.ashx?App=Announcement& FileID=632987
Nonetheless, as the Chairman and Managing Director of UOBKH, Mr Wee has been actively buying back shares from the open market.
Table: Insider share repurchases since the renewal of share buyback mandate
The table above shows the share repurchases made by Mr Wee since the renewal of the share buyback mandate. Within a short span of 5 days, a total of 769,000 shares were scooped up at prices between $1.54-$1.55. As a percentage of the total, this represented about 0.1% of total deemed interest.
A businessman knows it best
While a privatisation may or may not be on the cards, there is one thing that all of us can be sure of &ndash no one would buy something which they dont see any value in, much less a highly successful businessman.
Investors would do well to re-assess the counter based on its solid fundamentals instead of a privatisation. If the day comes for one, that will be a bonus. Otherwise, holding this stock would be an enjoyment in itself too.
Happy investing and stay safe, cheers!
Uncovering_Value
Many of us wonder why a company isn&rsquo t privatised if the valuations are indeed so attractive. Well, truth be told, no one can be sure of the intrinsic motivations of a takeover of a company. It might be a case where the management feels that there is no requirement to tap the capital markets and hence leaving the firm listed is akin to wasting fees on unnecessary listing expenses. It could also arise from a sense of a deep valuation discount the company is currently trading at as compared to its fair value.
Insiders know it best
While the deemed interest of Mr Wee Ee Chao has crossed the 30% threshold for a mandatory takeover, the Company has previously announced that the crossing of the threshold was due to the issuance of shares under the Scrip Dividend Issuance scheme. Moreover, together with concerted persons, the collective interest in UOBKH is already more than 50%. Hence, there is no requirement to make a general offer. Readers may refer to the following link for more information:
https://links.sgx.com/FileOpen/UOBKHHL-Clarification%20Announcement%2028092020.ashx?App=Announcement& FileID=632987
Nonetheless, as the Chairman and Managing Director of UOBKH, Mr Wee has been actively buying back shares from the open market.
Table: Insider share repurchases since the renewal of share buyback mandate
| Date of Notification | Shares purchased | Price | Deemed Interest (Before) | Deemed Interest (After) | Percent Total |
| 14-May | 50,000 | $ 1.55 | 258,195,206 | 258,245,206 | 30.85 |
| 17-May | 342,000 | $ 1.54 | 258,245,206 | 258,587,206 | 30.90 |
| 18-May | 377,000 | $ 1.54 | 258,587,206 | 258,964,206 | 30.94 |
The table above shows the share repurchases made by Mr Wee since the renewal of the share buyback mandate. Within a short span of 5 days, a total of 769,000 shares were scooped up at prices between $1.54-$1.55. As a percentage of the total, this represented about 0.1% of total deemed interest.
A businessman knows it best
While a privatisation may or may not be on the cards, there is one thing that all of us can be sure of &ndash no one would buy something which they dont see any value in, much less a highly successful businessman.
Investors would do well to re-assess the counter based on its solid fundamentals instead of a privatisation. If the day comes for one, that will be a bonus. Otherwise, holding this stock would be an enjoyment in itself too.
Happy investing and stay safe, cheers!
Uncovering_Value
bamboo300306 ( Date: 16-May-2021 21:49) Posted:
|
Profit potentials serves up promising opportunities for this counter
Using the parent as a role model
While UOB Kay Hian (UOBKH) has ceased quarterly reporting, it helps that one can still find some signs of its profit growth via the &ldquo share of profit of associates and Joint Ventures&rdquo line item reported by parent UOB.
Table 1: Share of profits from SG associates relative to total
Source: UOB&rsquo s financial reports
The above table shows the share of profits of SG associates and JVs as compared to the total amount of profits reported under &ldquo Share of profit of associates and Joint Ventures&rdquo by parent UOB.
Evidently, almost all of the profits (> 90%) reported in this segment were from SG, which is primarily attributable to UOBKH (note that in UOB&rsquo s financial statements, UOBKH is listed as the only material associate). Hence, a good sensing of UOBKH&rsquo s financial performance for 1Q21 would come from the profits from associates and JVs reported by UOB in 1Q21.
Table 2: Historical quarter-on-quarter growth rates of UOBKH&rsquo s NPAT and UOB&rsquo s share of profits from associates and JVs (SG only)
Table 2 above compares the quarter-on-quarter (QoQ) and half-on-half (HoH) growth rates of UOBKH&rsquo s net profit after tax (NPAT) and parent UOB&rsquo s share of profits from associates and JVs from SG. The variance in the last row represents how much higher (in the case of a positive figure) or lower (in the event of a negative figure) is UOBKHs growth rate in NPAT compared to the growth rate of UOBs profits from associates and JVs.
With the exception of the QoQ growth rates for 1Q19, one can see that for the remaining quarters/ half years, UOBKH&rsquo s NPAT growth has been higher than the growth rate reported by UOB. The outperformance ranged from 27.2% to 85.4%.
Strong growth in associates and JVs profits for UOB in 1Q21
In 1Q21, UOB reported that the share of profits from associates and JVs was $32 mil. In the corresponding period in 1Q20, the figure was $18 mil, representing a growth rate of 77.8%. This is likely to imply that the growth rate for UOBKH&rsquo s 1Q21 NPAT was minimally 77.8% (assuming zero outperformance).
Strong fundamentals and improving prospects
Earlier on, I have detailed the key reasons why I purchased this stock (low PB and decent yield of > 6.7%, based on a price of $1.42). If we take a moment to relook at the profit potential and growth of this stock, just assuming a 50% growth in FY21 NPAT for this firm would imply a corresponding 50% increase in dividend per share (i.e. 14.3 cents). At the current price of $1.54, the yield is close to 10%.
With the renewed lockdowns we are seeing across the world (and even in Singapore and Taiwan, which has been largely successful in containing the virus previously), it wouldn&rsquo t be tough to figure out where these work-from-home employees are going to focus their attention on. The first lockdowns we saw in 2020 have helped power UOBKH to a record year. The second and subsequent ones are likely to make 2021 a bumper year too.
Conclusion
For those who have missed the ship when the price was hovering near $1.30, fret not. For the ship has once again docked for those willing to embark on a rewarding journey. However, seize the opportunity before it slips away. At a prospective yield of close to 10% based on profit potentials and current price, this is one ship most of us should be happy to stay on.
Happy investing and stay safe, cheers!
Uncovering_Value
Using the parent as a role model
While UOB Kay Hian (UOBKH) has ceased quarterly reporting, it helps that one can still find some signs of its profit growth via the &ldquo share of profit of associates and Joint Ventures&rdquo line item reported by parent UOB.
Table 1: Share of profits from SG associates relative to total
| In S$ mil | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 |
| UOB' s share of profits of associates and JVs &ndash SG segment | 13 | 17 | 16 | 24 | 25 | 29 |
| UOB' s share of profits of associates and JVs - Total | 14 | 20 | 18 | 22 | 24 | 34 |
| % SG | 92.9% | 85.0% | 88.9% | 109.1% | 104.2% | 85.3% |
The above table shows the share of profits of SG associates and JVs as compared to the total amount of profits reported under &ldquo Share of profit of associates and Joint Ventures&rdquo by parent UOB.
Evidently, almost all of the profits (> 90%) reported in this segment were from SG, which is primarily attributable to UOBKH (note that in UOB&rsquo s financial statements, UOBKH is listed as the only material associate). Hence, a good sensing of UOBKH&rsquo s financial performance for 1Q21 would come from the profits from associates and JVs reported by UOB in 1Q21.
Table 2: Historical quarter-on-quarter growth rates of UOBKH&rsquo s NPAT and UOB&rsquo s share of profits from associates and JVs (SG only)
| Growth rates: | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1H20 | 2H20 |
| UOBKH' s NPAT [A] | -49.4% | -24.0% | 13.9% | 77.0% | 167.2% | 107.4% |
| UOB' s share of profits of associates and JVs - SG [B] | -27.8% | -52.6% | -13.3% | 21.4% | 81.8% | 80% |
| Variance [A-B] | -21.6% | 28.6% | 27.2% | 55.6% | 85.4% | 27.4% |
Table 2 above compares the quarter-on-quarter (QoQ) and half-on-half (HoH) growth rates of UOBKH&rsquo s net profit after tax (NPAT) and parent UOB&rsquo s share of profits from associates and JVs from SG. The variance in the last row represents how much higher (in the case of a positive figure) or lower (in the event of a negative figure) is UOBKHs growth rate in NPAT compared to the growth rate of UOBs profits from associates and JVs.
With the exception of the QoQ growth rates for 1Q19, one can see that for the remaining quarters/ half years, UOBKH&rsquo s NPAT growth has been higher than the growth rate reported by UOB. The outperformance ranged from 27.2% to 85.4%.
Strong growth in associates and JVs profits for UOB in 1Q21
In 1Q21, UOB reported that the share of profits from associates and JVs was $32 mil. In the corresponding period in 1Q20, the figure was $18 mil, representing a growth rate of 77.8%. This is likely to imply that the growth rate for UOBKH&rsquo s 1Q21 NPAT was minimally 77.8% (assuming zero outperformance).
Strong fundamentals and improving prospects
Earlier on, I have detailed the key reasons why I purchased this stock (low PB and decent yield of > 6.7%, based on a price of $1.42). If we take a moment to relook at the profit potential and growth of this stock, just assuming a 50% growth in FY21 NPAT for this firm would imply a corresponding 50% increase in dividend per share (i.e. 14.3 cents). At the current price of $1.54, the yield is close to 10%.
With the renewed lockdowns we are seeing across the world (and even in Singapore and Taiwan, which has been largely successful in containing the virus previously), it wouldn&rsquo t be tough to figure out where these work-from-home employees are going to focus their attention on. The first lockdowns we saw in 2020 have helped power UOBKH to a record year. The second and subsequent ones are likely to make 2021 a bumper year too.
Conclusion
For those who have missed the ship when the price was hovering near $1.30, fret not. For the ship has once again docked for those willing to embark on a rewarding journey. However, seize the opportunity before it slips away. At a prospective yield of close to 10% based on profit potentials and current price, this is one ship most of us should be happy to stay on.
Happy investing and stay safe, cheers!
Uncovering_Value
Can ask your friend EeChao why he is buying and not the company ? The share buyback mandate has been renewed.
Insiders and SSHs started to buy and accumulate again. Including my friend EeChao.
Start of the climb to sanity and target nav price.
those who took the dividends and then sold below the price sans dividends, where' s the logic? Unless you are thinking of possible shorting all the way to pit bottom. Not going to happen.
Start of the climb to sanity and target nav price.
those who took the dividends and then sold below the price sans dividends, where' s the logic? Unless you are thinking of possible shorting all the way to pit bottom. Not going to happen.
This press release was not announced by UOB KH via SGX.
MEDIA RELEASE
ECXX and UOB Kay Hian collaborate to offer Securitised Token Offerings
&bull This collaboration brings ECXX technology platform to UOB Kay Hian&rsquo s large pool of investors in Asia.
&bull ECXX&rsquo s digital platform was an early pioneer RMO offering securities in Fintech Sandbox Express approved by the Monetary Authority of Singapore.
&bull Robust and exciting pipeline of deep-tech start-ups to be marketed to the accredited investors of both parties.
SINGAPORE &ndash 1 February 2021 &ndash ECXX Global, a pioneer in operating digital asset exchange using blockchain technology, announced today that it has entered into an important collaboration with regional brokerage UOB Kay Hian to bring in deep-tech start-ups to their network and offer them the opportunity to list via Securitised Token Offerings (STOs) to raise growth capital.
Under this collaboration, both companies will facilitate tokenization projects and tap on UOB Kay Hian&rsquo s large pool of investors to market and distribute tokens to potential investors.
They will comply with regulations for token issuance and they will provide investor education and analysis on tokenization and tokens investment.
&ldquo We are excited by the opportunities arising from this collaboration with UOB Kay Hian.
They are one of the leading regional brokerage out there and we believe that we are able to address their large list of accredited investors who are interested in token investment. In addition, the synergy from this collaboration will create more opportunities for investors to tap into digital assets and the blockchain space,&rdquo said Mr Branson Lee, Chief Executive Officer of ECXX.
With Singapore currently being Asia&rsquo s highest-ranking fintech city and seeing a growth of 30% of fintech funding over the past few years from 2015 to 20191 , this collaboration presents great opportunity for UOB Kay Hian to expand their business into the fintech sector, growing their already well-established presence in the banking and finance sector.
ECXX is also able to leverage on this collaboration and accelerate the development and expansion of their fintech business.
ECXX had already previously secured admission from the Monetary Authority of Singapore (&ldquo MAS&rdquo ) to the Fintech Sandbox Express under a Recognised Market Operator (RMO) regime.
This makes them an early pioneer RMO offering securities in Fintech Express Sandbox approved by the Monetary Authority of Singapore to be integrated with MyInfo, the one-stop Singapore government identity platform. Page 2 of 2 1. Oliver Wyman, Singapore Fintech Landscape 2020 And Beyond, https://www.oliverwyman.com/content/dam/oliverwyman/v2/publications/2020/dec/singapore-fintech-landscape-2020-and-beyond.pdf
Mr Esmond Choo, Senior Executive Director of UOB Kay Hian, said, &ldquo The ECXX platform is designed to be very versatile and will serve the fast growing digital asset space. UOB Kay Hian is very happy to work with ECXX, a company which has a strong domain knowledge in STO offerings matched by a robust pipeline of rapid growth technology-based companies. We believe that this collaboration will allow us to leverage our respective strengths to grow our presence the fintech sector.&rdquo ###
About ECXX ECXX is a premier Digital Securities Exchange made in Singapore with a global reach, allowing users to buy, sell, and store digital assets. Its platform is dedicated to offer unique experiences regardless whether you are a professional or institutional trader. It is a Recognised Market Operator (RMO) offering Digital Securities In MAS Fintech Sandbox Express. ECXX is the 1st Exchange to be approved and the only private company to be onboarded for MyInfo Business. For more information, please visit https://www.ecxx.com/
About UOB Kay Hian UOB-Kay Hian Group is a regional financial services group headquartered in Singapore. It is a widely recognised brand in every jurisdiction in which it has operations such as Singapore, Hong Kong, Thailand, Malaysia, Indonesia, London, New York and Toronto. In Singapore, it is the largest domestic broker based on the number of registered trading representatives employed. In addition to its broking agency services in equities, bonds, CFDs, DLCs, Robo, LFX and commodities, it provides high value-added services in corporate advisory and fund raising, leveraging on its wide network of corporate contacts and deep distribution capabilities to execute IPOs, secondary placements and other corporate finance and investment banking activities. Our regional distribution footprint now spans regional financial centres. For media queries, please reach out to: Ashley Tan FPR E: [email protected] T: (+65) 6438-2990
https://links.sgx.com/FileOpen/ECXX%20Media%20Release_Final.ashx?App=Announcement& FileID=646987
https://links.sgx.com/FileOpen/2021%2002%2001%20HLL%20press%20release.ashx?App=Announcement& FileID=646986
MEDIA RELEASE
ECXX and UOB Kay Hian collaborate to offer Securitised Token Offerings
&bull This collaboration brings ECXX technology platform to UOB Kay Hian&rsquo s large pool of investors in Asia.
&bull ECXX&rsquo s digital platform was an early pioneer RMO offering securities in Fintech Sandbox Express approved by the Monetary Authority of Singapore.
&bull Robust and exciting pipeline of deep-tech start-ups to be marketed to the accredited investors of both parties.
SINGAPORE &ndash 1 February 2021 &ndash ECXX Global, a pioneer in operating digital asset exchange using blockchain technology, announced today that it has entered into an important collaboration with regional brokerage UOB Kay Hian to bring in deep-tech start-ups to their network and offer them the opportunity to list via Securitised Token Offerings (STOs) to raise growth capital.
Under this collaboration, both companies will facilitate tokenization projects and tap on UOB Kay Hian&rsquo s large pool of investors to market and distribute tokens to potential investors.
They will comply with regulations for token issuance and they will provide investor education and analysis on tokenization and tokens investment.
&ldquo We are excited by the opportunities arising from this collaboration with UOB Kay Hian.
They are one of the leading regional brokerage out there and we believe that we are able to address their large list of accredited investors who are interested in token investment. In addition, the synergy from this collaboration will create more opportunities for investors to tap into digital assets and the blockchain space,&rdquo said Mr Branson Lee, Chief Executive Officer of ECXX.
With Singapore currently being Asia&rsquo s highest-ranking fintech city and seeing a growth of 30% of fintech funding over the past few years from 2015 to 20191 , this collaboration presents great opportunity for UOB Kay Hian to expand their business into the fintech sector, growing their already well-established presence in the banking and finance sector.
ECXX is also able to leverage on this collaboration and accelerate the development and expansion of their fintech business.
ECXX had already previously secured admission from the Monetary Authority of Singapore (&ldquo MAS&rdquo ) to the Fintech Sandbox Express under a Recognised Market Operator (RMO) regime.
This makes them an early pioneer RMO offering securities in Fintech Express Sandbox approved by the Monetary Authority of Singapore to be integrated with MyInfo, the one-stop Singapore government identity platform. Page 2 of 2 1. Oliver Wyman, Singapore Fintech Landscape 2020 And Beyond, https://www.oliverwyman.com/content/dam/oliverwyman/v2/publications/2020/dec/singapore-fintech-landscape-2020-and-beyond.pdf
Mr Esmond Choo, Senior Executive Director of UOB Kay Hian, said, &ldquo The ECXX platform is designed to be very versatile and will serve the fast growing digital asset space. UOB Kay Hian is very happy to work with ECXX, a company which has a strong domain knowledge in STO offerings matched by a robust pipeline of rapid growth technology-based companies. We believe that this collaboration will allow us to leverage our respective strengths to grow our presence the fintech sector.&rdquo ###
About ECXX ECXX is a premier Digital Securities Exchange made in Singapore with a global reach, allowing users to buy, sell, and store digital assets. Its platform is dedicated to offer unique experiences regardless whether you are a professional or institutional trader. It is a Recognised Market Operator (RMO) offering Digital Securities In MAS Fintech Sandbox Express. ECXX is the 1st Exchange to be approved and the only private company to be onboarded for MyInfo Business. For more information, please visit https://www.ecxx.com/
About UOB Kay Hian UOB-Kay Hian Group is a regional financial services group headquartered in Singapore. It is a widely recognised brand in every jurisdiction in which it has operations such as Singapore, Hong Kong, Thailand, Malaysia, Indonesia, London, New York and Toronto. In Singapore, it is the largest domestic broker based on the number of registered trading representatives employed. In addition to its broking agency services in equities, bonds, CFDs, DLCs, Robo, LFX and commodities, it provides high value-added services in corporate advisory and fund raising, leveraging on its wide network of corporate contacts and deep distribution capabilities to execute IPOs, secondary placements and other corporate finance and investment banking activities. Our regional distribution footprint now spans regional financial centres. For media queries, please reach out to: Ashley Tan FPR E: [email protected] T: (+65) 6438-2990
https://links.sgx.com/FileOpen/ECXX%20Media%20Release_Final.ashx?App=Announcement& FileID=646987
https://links.sgx.com/FileOpen/2021%2002%2001%20HLL%20press%20release.ashx?App=Announcement& FileID=646986
The company has accumulated so many retained earning over the year.. dont understand why they are not giving out special dividend.
I am waiting for the next AGM (Post-Covid) to ask the management tough question.
1) After approval of share buyback mandate, did the company buy back any share? if not why?
2) If Mr Wee not interested in taking the company private, why he keep increasing his stake?
3) During the time, when Mr Wee upped his stake, why did the company not buy back share? The board did not see any value?
I am waiting for the next AGM (Post-Covid) to ask the management tough question.
1) After approval of share buyback mandate, did the company buy back any share? if not why?
2) If Mr Wee not interested in taking the company private, why he keep increasing his stake?
3) During the time, when Mr Wee upped his stake, why did the company not buy back share? The board did not see any value?
Secret_Squirrel ( Date: 05-May-2021 22:40) Posted:
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When more people WFH like last year, earning will be good for UOB Kay Hian.
Need to monitor the next earning report to have a better gauge.
Need to monitor the next earning report to have a better gauge.
Lobster ( Date: 03-May-2021 14:38) Posted:
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Crazy 9.5 cents dividends, xD tomorrow.
I am very confident that it will bounce back to this level very shortly after xD, because target is nav price.
so enjoy the lobster first... fine wine can come later.
I am very confident that it will bounce back to this level very shortly after xD, because target is nav price.
so enjoy the lobster first... fine wine can come later.
Lobster ( Date: 19-Apr-2021 23:06) Posted:
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In bull or bear market, there is always buyers and sellers.
As long as there are buyers and sells, UOB Kay Hian stand to gain.
Only risk is buyers or contra players default payment when they are unable to pay.
As long as there are buyers and sells, UOB Kay Hian stand to gain.
Only risk is buyers or contra players default payment when they are unable to pay.
Take a look at SGX website dated 27/4/2021. SGX queries and shareholders Q& A . Very good questions asked. Must read. Don' t read will regret.
bamboo300306 ( Date: 28-Apr-2021 19:47) Posted:
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Less than 10x PE and you said is expensive?
crystalbee ( Date: 22-Apr-2021 13:45) Posted:
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