UOB Kay Hian    Last:3.75    -0.14

UOBKH

You should ask when the price is at 1.20 Mr Wee keep buying... Why did the company not the execute the buy back?

 

They just passed all the resolutions including the share buyback

 

Hi all, Am writing with regards to the AGM for UOBKH scheduled for this evening. Have written in to the company yesterday evening on some queries pertaining to increasing shareholder value. But haven't heard from the company yet. The email is reproduced below for reference: (Start of email) I would like to seek further clarification regarding the Company?s response to Question 4 of the announcement. The question and answer is reproduced below for reference: Question 4: Given that the company?s share price has been trading below it?s net asset value for many years, do you think privatisation or share buybacks would be an appropriate way to unlock shareholder value? Company?s reply: In near future, the Company has no intention for privatisation and share buyback. However, referring to the Addendum to the Share Purchase Mandate dated 9 Apr 2021, the company indicated under section 2.2: Rationale for the Renewal of the Share Buyback Mandate that ?The Directors constantly seek to increase Shareholders? value and to improve, inter alia, the return on equity of the Group. A share buyback at the appropriate price level is one of the ways through which the return on equity of the Group may be enhanced.? In view of the statements above, may I clarify what is UOBKH?s stand regarding a Share Purchase Mandate? (I.e. if there is indeed an intention to perform share buybacks and if no, what are the other ways for UOBKH to increase Shareholders? value). (End of email) Greatly apreciate if someone could raise it during the AGM if there's an opportunity. Thanks! May PM me also if you have further queries. Cheers! Uncovering_Value

 

I know of one previously listed company sell ipo at $1 and later privatize at $0.30.....real businessman.   Collect money from unsuspecting investors then buy back ownership at rock bottom price. Real businessman can have their cake and eat it too. 




 

crystalbee      ( Date: 22-Apr-2021 13:45) Posted: Agree its valuations is getting expensive after price ran up from $1.49 to $1.76 which is 18% in 3 months. Why privatize now when prices are on high side when they could have done it at lower prices.   .....just my opinion. Waiting for low price Silverlake Axis to privatize. superstartup      ( Date: 22-Apr-2021 11:05) Posted: Possible as mentioned. But competitions getting hot with everywhere, almost zero $ commission. My friends are basically opening new trading accounts, though still keep UOB KH. UOB KH basically now depends on the older folks to trade. Youngsters are very open to use other platforms. Price had run up from 1.25 to current 1.75 in 6 months. Quite familiar as UOH KH on my radar then. Got profit, suggest run ba.

 

Ok, understand on all the views. Thank bros!

crystalbee      ( Date: 22-Apr-2021 13:45) Posted: Agree its valuations is getting expensive after price ran up from $1.49 to $1.76 which is 18% in 3 months. Why privatize now when prices are on high side when they could have done it at lower prices.   .....just my opinion. Waiting for low price Silverlake Axis to privatize. superstartup      ( Date: 22-Apr-2021 11:05) Posted: Possible as mentioned. But competitions getting hot with everywhere, almost zero $ commission. My friends are basically opening new trading accounts, though still keep UOB KH. UOB KH basically now depends on the older folks to trade. Youngsters are very open to use other platforms. Price had run up from 1.25 to current 1.75 in 6 months. Quite familiar as UOH KH on my radar then. Got profit, suggest run ba.

 

Agree its valuations is getting expensive after price ran up from $1.49 to $1.76 which is 18% in 3 months. Why privatize now when prices are on high side when they could have done it at lower prices.   .....just my opinion. Waiting for low price Silverlake Axis to privatize.

superstartup      ( Date: 22-Apr-2021 11:05) Posted: Possible as mentioned. But competitions getting hot with everywhere, almost zero $ commission. My friends are basically opening new trading accounts, though still keep UOB KH. UOB KH basically now depends on the older folks to trade. Youngsters are very open to use other platforms. Price had run up from 1.25 to current 1.75 in 6 months. Quite familiar as UOH KH on my radar then. Got profit, suggest run ba.   wehuattogether88      ( Date: 22-Apr-2021 11:00) Posted: Anybody here would like to comment this stock UOB Kay Hian? They might start their share buy back program once pass through the AGM end of this month. I think there might be also be possibilities that it might be privatised soon.  DYODD.

 

Like in FY2020, its a bumper year for UOB Kay Hian as many people WFH and play stocks and share from home also.

wehuattogether88      ( Date: 22-Apr-2021 13:38) Posted: Probably there might be some gem in this brokerage line of businesses as you can look at the past years of dividend payouts. Lobster      ( Date: 22-Apr-2021 11:39) Posted: There was a crazy rumor that UOB might take it into their family. But I don' t know if SGX rule allows that. But then once upon a time OCBC tried to take Great Eastern private. But knowing the stingy people in UOB or UOBKH, any offer will not be fantastic , especially the price inches towards nav price, unless there' s something intrinsic   or intangible we don' t know

 

Probably there might be some gem in this brokerage line of businesses as you can look at the past years of dividend payouts.

Lobster      ( Date: 22-Apr-2021 11:39) Posted: There was a crazy rumor that UOB might take it into their family. But I don' t know if SGX rule allows that. But then once upon a time OCBC tried to take Great Eastern private. But knowing the stingy people in UOB or UOBKH, any offer will not be fantastic , especially the price inches towards nav price, unless there' s something intrinsic   or intangible we don' t know. wehuattogether88      ( Date: 22-Apr-2021 11:00) Posted: Anybody here would like to comment this stock UOB Kay Hian? They might start their share buy back program once pass through the AGM end of this month. I think there might be also be possibilities that it might be privatised soon.  DYODD.

 

There was a crazy rumor that UOB might take it into their family. But I don' t know if SGX rule allows that. But then once upon a time OCBC tried to take Great Eastern private. But knowing the stingy people in UOB or UOBKH, any offer will not be fantastic , especially the price inches towards nav price, unless there' s something intrinsic   or intangible we don' t know.

wehuattogether88      ( Date: 22-Apr-2021 11:00) Posted: Anybody here would like to comment this stock UOB Kay Hian? They might start their share buy back program once pass through the AGM end of this month. I think there might be also be possibilities that it might be privatised soon.  DYODD.

 

Possible as mentioned.

But competitions getting hot with everywhere, almost zero $ commission.
My friends are basically opening new trading accounts, though still keep UOB KH.

UOB KH basically now depends on the older folks to trade.
Youngsters are very open to use other platforms.

Price had run up from 1.25 to current 1.75 in 6 months.
Quite familiar as UOH KH on my radar then.
Got profit, suggest run ba.

 

wehuattogether88      ( Date: 22-Apr-2021 11:00) Posted: Anybody here would like to comment this stock UOB Kay Hian? They might start their share buy back program once pass through the AGM end of this month. I think there might be also be possibilities that it might be privatised soon.  DYODD.

 

Anybody here would like to comment this stock UOB Kay Hian?
They might start their share buy back program once pass through the AGM end of this month. I think there might be also be possibilities that it might be privatised soon.  DYODD.

 

Coming AGM on 29 April, they going to renew those share buyback mandate . Hope it will further support the price.

 

Hit 175 today, and nobody even know, let alone mention it.
nav price here we come! And don' t forget the 9 cents dividends...

Lobster      ( Date: 10-Apr-2021 11:56) Posted: That' s why I kept saying it is cruising towards nav price! I like this kind of under the radar stock, while people are fighting and tearing their hair over other high profile stocks, this one moving slowly and nicely. who care if the industry brokerage is getting lower. This one is increasing its profits by more than 100%each year through operations and smart investments, giving out more than half its profits. Where to find such " old" stock giving out such crazy dividends of 9.5 cents. bamboo300306      ( Date: 09-Apr-2021 21:56) Posted: It should be trading around 20x PE, benchmark against SGX share price

 

That' s why I kept saying it is cruising towards nav price!

I like this kind of under the radar stock, while people are fighting and tearing their hair over other high profile stocks, this one moving slowly and nicely.

who care if the industry brokerage is getting lower. This one is increasing its profits by more than 100%each year through operations and smart investments, giving out more than half its profits. Where to find such " old" stock giving out such crazy dividends of 9.5 cents.

bamboo300306      ( Date: 09-Apr-2021 21:56) Posted: It should be trading around 20x PE, benchmark against SGX share price

 

face intense competition in retail brokerage as commision go down to as low as zero. 
fsxxne wonder what they make? any unknown risk?

 

It should be trading around 20x PE, benchmark against SGX share price

 

Saw the up momentum pass 1.70, might be something in the making, very long never see this price level.

 

Wow, must be during my primary school days. I kept track only from 2000.

today closed at recent high past the impossible $1.70, at $1.72.
on to nav price now.

ETLee8      ( Date: 30-Mar-2021 11:16) Posted: Historic high is $6 during the SingTel Share Listing many years ago. Lobster      ( Date: 30-Mar-2021 11:07) Posted: sorry, I meant to say ' recent highs' not ' record high' .... its historic record high is $2.87 in July 2007. But I don' t think we are going to get there. waiting for it to pole vault $1.70 and than on to match its nav

 

revisit this point: impossible $1.70

Lobster      ( Date: 29-Mar-2021 14:51) Posted: Touch its record highs of $1.64 again! At the rate it is going, I am sure it will break through the impossible $1.70. Don' t forget the 9.5 cents dividends which is more than the two years pre Covid combined. Crazy yields. :)

 

Get ready for super uptrend for Bitcoins,,Altcoins   on 14 April will be listed in   Nasdaq. Too bad only institutional can invest in Bitcoins ,altcoins etc .. .banks can consider let community buy ...now banks can afford give higher interest to singaporean ...