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OCBC Bank    Last:23.94    -0.06

do not bet against the sg bank shares

 Post Reply 181-200 of 482
 
chartistkao1
    24-Feb-2023 15:37  
Contact    Quote!
how long is US' s dirty hands?
https://www.washingtonpost.com/opinions/2023/02/19/munich-china-blinken-wang/
 
https://www.youtube.com/watch?v=Ri89KOr1Z2I


chartistkao1      ( Date: 24-Feb-2023 15:35) Posted:

https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=XcLmlU9KRoo
 
usdsgd 1.3493


chartistkao1      ( Date: 24-Feb-2023 15:32) Posted:

https://www.youtube.com/watch?v=1Sv3xKf0cD


 
 
chartistkao1
    24-Feb-2023 15:35  
Contact    Quote!
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=XcLmlU9KRoo
 
usdsgd 1.3493


chartistkao1      ( Date: 24-Feb-2023 15:32) Posted:

https://www.youtube.com/watch?v=1Sv3xKf0cDw

chartistkao1      ( Date: 24-Feb-2023 15:29) Posted:

https://www.marketscreener.com/amp/quote/stock/UNITED-OVERSEAS-BANK-LIMI-6492550/news/UOB-Shares-Fall-After-Weaker-Than-Expected-Net-Profit-43059607/
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=DOKPCTVfqPU


 
 
chartistkao1
    24-Feb-2023 15:32  
Contact    Quote!
https://www.youtube.com/watch?v=1Sv3xKf0cDw

chartistkao1      ( Date: 24-Feb-2023 15:29) Posted:

https://www.marketscreener.com/amp/quote/stock/UNITED-OVERSEAS-BANK-LIMI-6492550/news/UOB-Shares-Fall-After-Weaker-Than-Expected-Net-Profit-43059607/
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=DOKPCTVfqPU


chartistkao1      ( Date: 24-Feb-2023 15:25) Posted:

https://www.cnbc.com/2023/02/23/asia-pacific-markets-set-to-fall-as-investors-digest-fed-minutes.html
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=zR3qXvVnavM


 

 
chartistkao1
    24-Feb-2023 15:29  
Contact    Quote!
https://www.marketscreener.com/amp/quote/stock/UNITED-OVERSEAS-BANK-LIMI-6492550/news/UOB-Shares-Fall-After-Weaker-Than-Expected-Net-Profit-43059607/
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=DOKPCTVfqPU


chartistkao1      ( Date: 24-Feb-2023 15:25) Posted:

https://www.cnbc.com/2023/02/23/asia-pacific-markets-set-to-fall-as-investors-digest-fed-minutes.html
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=zR3qXvVnavM


chartistkao1      ( Date: 24-Feb-2023 15:23) Posted:

https://www.youtube.com/watch?v=JmGzOCHj3as
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-uob-drops-45-s2961-despite-posting-record
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI


 
 
chartistkao1
    24-Feb-2023 15:25  
Contact    Quote!
https://www.cnbc.com/2023/02/23/asia-pacific-markets-set-to-fall-as-investors-digest-fed-minutes.html
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.youtube.com/watch?v=zR3qXvVnavM


chartistkao1      ( Date: 24-Feb-2023 15:23) Posted:

https://www.youtube.com/watch?v=JmGzOCHj3as
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-uob-drops-45-s2961-despite-posting-record
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI


chartistkao1      ( Date: 24-Feb-2023 15:21) Posted:

https://www.youtube.com/watch?v=e3PYn5egymA
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.marketwatch.com/story/uob-shares-fall-after-weaker-than-expected-net-profit-cc992104


 
 
chartistkao1
    24-Feb-2023 15:23  
Contact    Quote!
https://www.youtube.com/watch?v=JmGzOCHj3as
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-uob-drops-45-s2961-despite-posting-record
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI


chartistkao1      ( Date: 24-Feb-2023 15:21) Posted:

https://www.youtube.com/watch?v=e3PYn5egymA
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.marketwatch.com/story/uob-shares-fall-after-weaker-than-expected-net-profit-cc992104


chartistkao1      ( Date: 24-Feb-2023 15:20) Posted:

https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-great-eastern-ocbc-slip-over-1-following
 
Feb 24, 2023 29.50 29.95 29.40 29.95 29.95 3,541,800
Feb 23, 2023 30.70 30.71 29.51 29.62 29.62 8,127,100
Feb 22, 2023 30.80 31.00 30.69 30.99 30.99 4,558,000




https://www.youtube.com/watch?v=e3PYn5egymA


 
 


 

 
chartistkao1
    24-Feb-2023 15:21  
Contact    Quote!
https://www.youtube.com/watch?v=e3PYn5egymA
 
https://finance.yahoo.com/quote/U11.SI/history?p=U11.SI
 
https://www.marketwatch.com/story/uob-shares-fall-after-weaker-than-expected-net-profit-cc992104


chartistkao1      ( Date: 24-Feb-2023 15:20) Posted:

https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-great-eastern-ocbc-slip-over-1-following
 
Feb 24, 2023 29.50 29.95 29.40 29.95 29.95 3,541,800
Feb 23, 2023 30.70 30.71 29.51 29.62 29.62 8,127,100
Feb 22, 2023 30.80 31.00 30.69 30.99 30.99 4,558,000




https://www.youtube.com/watch?v=e3PYn5egymA


 
 


chartistkao1      ( Date: 24-Feb-2023 15:17) Posted:

the bank bad news in 2023
https://www.youtube.com/watch?v=YN-CRzjNef0
 
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-great-eastern-ocbc-slip-over-1-following


 
 
chartistkao1
    24-Feb-2023 15:20  
Contact    Quote!
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-great-eastern-ocbc-slip-over-1-following
 
Feb 24, 2023 29.50 29.95 29.40 29.95 29.95 3,541,800
Feb 23, 2023 30.70 30.71 29.51 29.62 29.62 8,127,100
Feb 22, 2023 30.80 31.00 30.69 30.99 30.99 4,558,000




https://www.youtube.com/watch?v=e3PYn5egymA


 
 


chartistkao1      ( Date: 24-Feb-2023 15:17) Posted:

the bank bad news in 2023
https://www.youtube.com/watch?v=YN-CRzjNef0
 
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-great-eastern-ocbc-slip-over-1-following


chartistkao1      ( Date: 24-Feb-2023 13:39) Posted:

https://www.theedgesingapore.com/capital/results/uob-reports-record-high-fy2022-earnings-457-bil-final-dividend-75-cents-share
 
 
https://www.youtube.com/watch?v=Zqcf1r1zBxc


 
 
chartistkao1
    24-Feb-2023 15:17  
Contact    Quote!
the bank bad news in 2023
https://www.youtube.com/watch?v=YN-CRzjNef0
 
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/hot-stock-great-eastern-ocbc-slip-over-1-following


chartistkao1      ( Date: 24-Feb-2023 13:39) Posted:

https://www.theedgesingapore.com/capital/results/uob-reports-record-high-fy2022-earnings-457-bil-final-dividend-75-cents-share
 
 
https://www.youtube.com/watch?v=Zqcf1r1zBxc


chartistkao1      ( Date: 24-Feb-2023 13:21) Posted:

2 years after the 2009' s great financial crisis
https://www.reuters.com/article/uob-idUSL3E7JC2342011081


 
 
chartistkao1
    24-Feb-2023 13:39  
Contact    Quote!
https://www.theedgesingapore.com/capital/results/uob-reports-record-high-fy2022-earnings-457-bil-final-dividend-75-cents-share
 
 
https://www.youtube.com/watch?v=Zqcf1r1zBxc


chartistkao1      ( Date: 24-Feb-2023 13:21) Posted:

2 years after the 2009' s great financial crisis
https://www.reuters.com/article/uob-idUSL3E7JC23420110812

chartistkao1      ( Date: 24-Feb-2023 13:19) Posted:

https://www.srx.com.sg/singapore-property-news/31022/banker-wee-cho-yaw-buys-all-45-unsold-units-at-the-nassim-for-4116m?utm_medium=TheStraitsTimes2 years after the oil crashed to usd 25 in 2015
 


 

 
chartistkao1
    24-Feb-2023 13:21  
Contact    Quote!
2 years after the 2009' s great financial crisis
https://www.reuters.com/article/uob-idUSL3E7JC23420110812

chartistkao1      ( Date: 24-Feb-2023 13:19) Posted:

https://www.srx.com.sg/singapore-property-news/31022/banker-wee-cho-yaw-buys-all-45-unsold-units-at-the-nassim-for-4116m?utm_medium=TheStraitsTimes2 years after the oil crashed to usd 25 in 2015
 

slingshotpro      ( Date: 24-Feb-2023 12:04) Posted:

Can you stop posting historical news?? How do I block you from seeing your posts


 
 
chartistkao1
    24-Feb-2023 13:19  
Contact    Quote!
https://www.srx.com.sg/singapore-property-news/31022/banker-wee-cho-yaw-buys-all-45-unsold-units-at-the-nassim-for-4116m?utm_medium=TheStraitsTimes2 years after the oil crashed to usd 25 in 2015
 

slingshotpro      ( Date: 24-Feb-2023 12:04) Posted:

Can you stop posting historical news?? How do I block you from seeing your posts?

chartistkao1      ( Date: 24-Feb-2023 11:56) Posted:

https://www.straitstimes.com/business/companies-markets/temasek-drops-4-billion-bid-for-keppel-corp
 
https://www.straitstimes.com/business/keppel-tumbles-over-24-as-stock-trades-ex-distribution-for-sembmarine-shares


 
 
slingshotpro
    24-Feb-2023 12:04  
Contact    Quote!
Can you stop posting historical news?? How do I block you from seeing your posts?

chartistkao1      ( Date: 24-Feb-2023 11:56) Posted:

https://www.straitstimes.com/business/companies-markets/temasek-drops-4-billion-bid-for-keppel-corp
 
https://www.straitstimes.com/business/keppel-tumbles-over-24-as-stock-trades-ex-distribution-for-sembmarine-shares


chartistkao1      ( Date: 24-Feb-2023 11:49) Posted:

lding

 

 
By Pang Ai LinDow Jones Newswires
May 31, 2004 12:01 am ET
 
 
 
SINGAPORE -- United Overseas Bank Ltd. Friday again rejected Temasek Holdings Pte. Ltd.' s bid for its property holding in a high-profile tussle between the family-owned bank and the state-owned investment company.
Singapore' s second-largest lender by assets said Temasek' s revised cash offer of S$2.26 (US$1.33) a share, or S$780 million (US$459.2 million), for 49% of United Overseas Land Ltd. was still too low -- despite its being 10% higher than Temasek' s initial offer of S$2.06 a share.
" The board, in consultation with its financial adviser, decided to continue to consider all options that might be available to UOB in relation to its shareholding in UOL," UOB said. In response, Temasek spokeswoman Rachel Lin said " we note the UOB announcement" and decline to comment further.
Analysts said they weren' t surprised that UOB Chairman and Chief Executive Wee Cho Yaw and his board decided to snub Temasek' s bid after UOL said it decided to explore ways to " unlock shareholder value."
UOL said Tuesday that it has formed a committee of directors to find ways of improving shareholder value at UOL and said for the first time that Temasek' s offer was lower than its revised book value of S$3.31 a share.
 
UOL, a thinly traded property company, owns 4% of UOB, shares in other property companies, as well as a portfolio of commercial buildings and hotels. Analysts add that time is on UOB' s side as it has an additional two years to cut its noncore UOL investment to meet central-bank requirements.
And they expect the billionaire Mr. Wee will want to keep control over UOL for a grip on the UOB group. Mr. Wee, who also serves as the chairman of UOL' s board, commands 21% of UOB through direct and indirect stakes held in various companies, including UOL. That could drop to 17% if UOL is sold to Temasek.
UOL likely will be exploring ways to unlock the value of its UOB stake, analysts suggested, by either initiating a share buyback with UOB or selling its 4% UOB stake to institutional investors and then returning around S$1 billion in proceeds to UOL shareholders -- both of which will prevent Temasek from garnering the prized stake.
UOB' s own financial adviser, Credit Suisse First Boston, has been assigned to come up with ways to sell UOL but hasn' t made its plans public. Analysts said the bank may opt to give UOB shareholders UOL stock in a share distribution, in the same way it gave out Haw Par Corp. shares in December 2002.
Earlier Friday, South Korea' s Financial Supervisory Commission approved Temasek' s plan to buy an additional 6.39% in Hana Bank, a move that will give the Singapore company a total 9.99% stake in the South Korean bank and make it the bank' s largest shareholder.


https://www.wsj.com/articles/SB108595119505624741



will uob one day run by indian and start to buy indian bank after junior wee retire?


 
 
chartistkao1
    24-Feb-2023 11:56  
Contact    Quote!
https://www.straitstimes.com/business/companies-markets/temasek-drops-4-billion-bid-for-keppel-corp
 
https://www.straitstimes.com/business/keppel-tumbles-over-24-as-stock-trades-ex-distribution-for-sembmarine-shares


chartistkao1      ( Date: 24-Feb-2023 11:49) Posted:

lding

 

 
By Pang Ai LinDow Jones Newswires
May 31, 2004 12:01 am ET
 
 
 
SINGAPORE -- United Overseas Bank Ltd. Friday again rejected Temasek Holdings Pte. Ltd.' s bid for its property holding in a high-profile tussle between the family-owned bank and the state-owned investment company.
Singapore' s second-largest lender by assets said Temasek' s revised cash offer of S$2.26 (US$1.33) a share, or S$780 million (US$459.2 million), for 49% of United Overseas Land Ltd. was still too low -- despite its being 10% higher than Temasek' s initial offer of S$2.06 a share.
" The board, in consultation with its financial adviser, decided to continue to consider all options that might be available to UOB in relation to its shareholding in UOL," UOB said. In response, Temasek spokeswoman Rachel Lin said " we note the UOB announcement" and decline to comment further.
Analysts said they weren' t surprised that UOB Chairman and Chief Executive Wee Cho Yaw and his board decided to snub Temasek' s bid after UOL said it decided to explore ways to " unlock shareholder value."
UOL said Tuesday that it has formed a committee of directors to find ways of improving shareholder value at UOL and said for the first time that Temasek' s offer was lower than its revised book value of S$3.31 a share.
 
UOL, a thinly traded property company, owns 4% of UOB, shares in other property companies, as well as a portfolio of commercial buildings and hotels. Analysts add that time is on UOB' s side as it has an additional two years to cut its noncore UOL investment to meet central-bank requirements.
And they expect the billionaire Mr. Wee will want to keep control over UOL for a grip on the UOB group. Mr. Wee, who also serves as the chairman of UOL' s board, commands 21% of UOB through direct and indirect stakes held in various companies, including UOL. That could drop to 17% if UOL is sold to Temasek.
UOL likely will be exploring ways to unlock the value of its UOB stake, analysts suggested, by either initiating a share buyback with UOB or selling its 4% UOB stake to institutional investors and then returning around S$1 billion in proceeds to UOL shareholders -- both of which will prevent Temasek from garnering the prized stake.
UOB' s own financial adviser, Credit Suisse First Boston, has been assigned to come up with ways to sell UOL but hasn' t made its plans public. Analysts said the bank may opt to give UOB shareholders UOL stock in a share distribution, in the same way it gave out Haw Par Corp. shares in December 2002.
Earlier Friday, South Korea' s Financial Supervisory Commission approved Temasek' s plan to buy an additional 6.39% in Hana Bank, a move that will give the Singapore company a total 9.99% stake in the South Korean bank and make it the bank' s largest shareholder.


https://www.wsj.com/articles/SB108595119505624741



will uob one day run by indian and start to buy indian bank after junior wee retire?


chartistkao1      ( Date: 24-Feb-2023 11:46) Posted:

UPDATE 1-Singapore' s UOL Group makes bid for UIC

By Reuters Staff
2 Min Read
 
(Updates with details, background)
SINGAPORE, Jan 14 (Reuters) - UOL Group UTOS.SI, a property firm controlled by United Overseas Bank UOBH.SI Chairman Wee Cho Yaw, on Wednesday offered to buy United Industrial Corp (UIC) UICS.SI in a deal that values UIC around S$1.6 billion ($1.08 billion).
UOL, which currently controls 30.2 percent of UIC, will pay S$1.20 for every UIC share it does not own, according to a filing on the Singapore Exchange.
That represents a premium of 9.1 percent over UIC&rsquo s last traded price of S$1.10 a share. The shares were suspended earlier Wednesday.
 
David Lum, an analyst at Daiwa Institute of Research, said it appeared UIC&rsquo s major shareholders believed the company to be significantly undervalued.
&ldquo Do I see that happening in other companies? Yes. If you know the intrinsic value of your assets, which has been grossly undervalued in the market, you could acquire those assets,&rdquo he said.
Shares in UIC, which is part-owned by the Wee family, have fallen from a 12-month high of S$3.17 in June last year.
UOL owns various properties in Singapore, Malaysia, China, Australia and Myanmar as well as the firm that manages the Pan Pacific hotel chain. Its current market capitalisation is around S$1.75 billion.
 
&ldquo As the principal activities of the UOL Group and the UIC Group are substantially the same, UOL is of the view that the offer represents an opportunity to better align the strategic objectives&rdquo of the two firms, UIC said in the filing.
UIC' s main asset is its 72.4 percent stake in another listed company called Singapore Land (SingLand) SLND.SI, which owns various office and retail properties including Singapore' s Marina Square shopping mall.
According to UOL, it will be required to make an offer for SingLand at S$3.57 a share if or when its offer for UIC becomes unconditional. SingLand shares were last traded at S$3.42 apiece.
https://www.reuters.com/article/uol-uic/update-1-singapores-uol-group-makes-bid-for-uic-idUKSIN38979220090114



 


 
 
chartistkao1
    24-Feb-2023 11:49  
Contact    Quote!

lding

 

 
By Pang Ai LinDow Jones Newswires
May 31, 2004 12:01 am ET
 
 
 
SINGAPORE -- United Overseas Bank Ltd. Friday again rejected Temasek Holdings Pte. Ltd.' s bid for its property holding in a high-profile tussle between the family-owned bank and the state-owned investment company.
Singapore' s second-largest lender by assets said Temasek' s revised cash offer of S$2.26 (US$1.33) a share, or S$780 million (US$459.2 million), for 49% of United Overseas Land Ltd. was still too low -- despite its being 10% higher than Temasek' s initial offer of S$2.06 a share.
" The board, in consultation with its financial adviser, decided to continue to consider all options that might be available to UOB in relation to its shareholding in UOL," UOB said. In response, Temasek spokeswoman Rachel Lin said " we note the UOB announcement" and decline to comment further.
Analysts said they weren' t surprised that UOB Chairman and Chief Executive Wee Cho Yaw and his board decided to snub Temasek' s bid after UOL said it decided to explore ways to " unlock shareholder value."
UOL said Tuesday that it has formed a committee of directors to find ways of improving shareholder value at UOL and said for the first time that Temasek' s offer was lower than its revised book value of S$3.31 a share.
 
UOL, a thinly traded property company, owns 4% of UOB, shares in other property companies, as well as a portfolio of commercial buildings and hotels. Analysts add that time is on UOB' s side as it has an additional two years to cut its noncore UOL investment to meet central-bank requirements.
And they expect the billionaire Mr. Wee will want to keep control over UOL for a grip on the UOB group. Mr. Wee, who also serves as the chairman of UOL' s board, commands 21% of UOB through direct and indirect stakes held in various companies, including UOL. That could drop to 17% if UOL is sold to Temasek.
UOL likely will be exploring ways to unlock the value of its UOB stake, analysts suggested, by either initiating a share buyback with UOB or selling its 4% UOB stake to institutional investors and then returning around S$1 billion in proceeds to UOL shareholders -- both of which will prevent Temasek from garnering the prized stake.
UOB' s own financial adviser, Credit Suisse First Boston, has been assigned to come up with ways to sell UOL but hasn' t made its plans public. Analysts said the bank may opt to give UOB shareholders UOL stock in a share distribution, in the same way it gave out Haw Par Corp. shares in December 2002.
Earlier Friday, South Korea' s Financial Supervisory Commission approved Temasek' s plan to buy an additional 6.39% in Hana Bank, a move that will give the Singapore company a total 9.99% stake in the South Korean bank and make it the bank' s largest shareholder.


https://www.wsj.com/articles/SB108595119505624741



will uob one day run by indian and start to buy indian bank after junior wee retire?


chartistkao1      ( Date: 24-Feb-2023 11:46) Posted:

UPDATE 1-Singapore' s UOL Group makes bid for UIC

By Reuters Staff
2 Min Read
 
(Updates with details, background)
SINGAPORE, Jan 14 (Reuters) - UOL Group UTOS.SI, a property firm controlled by United Overseas Bank UOBH.SI Chairman Wee Cho Yaw, on Wednesday offered to buy United Industrial Corp (UIC) UICS.SI in a deal that values UIC around S$1.6 billion ($1.08 billion).
UOL, which currently controls 30.2 percent of UIC, will pay S$1.20 for every UIC share it does not own, according to a filing on the Singapore Exchange.
That represents a premium of 9.1 percent over UIC&rsquo s last traded price of S$1.10 a share. The shares were suspended earlier Wednesday.
 
David Lum, an analyst at Daiwa Institute of Research, said it appeared UIC&rsquo s major shareholders believed the company to be significantly undervalued.
&ldquo Do I see that happening in other companies? Yes. If you know the intrinsic value of your assets, which has been grossly undervalued in the market, you could acquire those assets,&rdquo he said.
Shares in UIC, which is part-owned by the Wee family, have fallen from a 12-month high of S$3.17 in June last year.
UOL owns various properties in Singapore, Malaysia, China, Australia and Myanmar as well as the firm that manages the Pan Pacific hotel chain. Its current market capitalisation is around S$1.75 billion.
 
&ldquo As the principal activities of the UOL Group and the UIC Group are substantially the same, UOL is of the view that the offer represents an opportunity to better align the strategic objectives&rdquo of the two firms, UIC said in the filing.
UIC' s main asset is its 72.4 percent stake in another listed company called Singapore Land (SingLand) SLND.SI, which owns various office and retail properties including Singapore' s Marina Square shopping mall.
According to UOL, it will be required to make an offer for SingLand at S$3.57 a share if or when its offer for UIC becomes unconditional. SingLand shares were last traded at S$3.42 apiece.
https://www.reuters.com/article/uol-uic/update-1-singapores-uol-group-makes-bid-for-uic-idUKSIN38979220090114



 

chartistkao1      ( Date: 24-Feb-2023 11:43) Posted:

what UOB had done over a series of acquisitions and merger from 1965 till 2023 tell us how the bank is run if there is continuity over the years
https://www.theedgemarkets.com/article/billionaire-wee-cho-yaw-raises-indirect-stakes-uic-uob-and-uol-grou


 

 
chartistkao1
    24-Feb-2023 11:46  
Contact    Quote!

UPDATE 1-Singapore' s UOL Group makes bid for UIC

By Reuters Staff
2 Min Read
 
(Updates with details, background)
SINGAPORE, Jan 14 (Reuters) - UOL Group UTOS.SI, a property firm controlled by United Overseas Bank UOBH.SI Chairman Wee Cho Yaw, on Wednesday offered to buy United Industrial Corp (UIC) UICS.SI in a deal that values UIC around S$1.6 billion ($1.08 billion).
UOL, which currently controls 30.2 percent of UIC, will pay S$1.20 for every UIC share it does not own, according to a filing on the Singapore Exchange.
That represents a premium of 9.1 percent over UIC&rsquo s last traded price of S$1.10 a share. The shares were suspended earlier Wednesday.
 
David Lum, an analyst at Daiwa Institute of Research, said it appeared UIC&rsquo s major shareholders believed the company to be significantly undervalued.
&ldquo Do I see that happening in other companies? Yes. If you know the intrinsic value of your assets, which has been grossly undervalued in the market, you could acquire those assets,&rdquo he said.
Shares in UIC, which is part-owned by the Wee family, have fallen from a 12-month high of S$3.17 in June last year.
UOL owns various properties in Singapore, Malaysia, China, Australia and Myanmar as well as the firm that manages the Pan Pacific hotel chain. Its current market capitalisation is around S$1.75 billion.
 
&ldquo As the principal activities of the UOL Group and the UIC Group are substantially the same, UOL is of the view that the offer represents an opportunity to better align the strategic objectives&rdquo of the two firms, UIC said in the filing.
UIC' s main asset is its 72.4 percent stake in another listed company called Singapore Land (SingLand) SLND.SI, which owns various office and retail properties including Singapore' s Marina Square shopping mall.
According to UOL, it will be required to make an offer for SingLand at S$3.57 a share if or when its offer for UIC becomes unconditional. SingLand shares were last traded at S$3.42 apiece.
https://www.reuters.com/article/uol-uic/update-1-singapores-uol-group-makes-bid-for-uic-idUKSIN38979220090114



 

chartistkao1      ( Date: 24-Feb-2023 11:43) Posted:

what UOB had done over a series of acquisitions and merger from 1965 till 2023 tell us how the bank is run if there is continuity over the years
https://www.theedgemarkets.com/article/billionaire-wee-cho-yaw-raises-indirect-stakes-uic-uob-and-uol-group

chartistkao1      ( Date: 24-Feb-2023 11:41) Posted:

https://sgwealthbuilder.com/2019/03/04/haw-par-share-price-danced-with-uob/
 
https://www.theedgemarkets.com/article/wee-cho-yaw-raises-stake-haw-par
 
https://lushhomemedia.wordpress.com/2007/07/20/lippo-snaps-up-1b-worth-of-prime-property/


 
 
chartistkao1
    24-Feb-2023 11:43  
Contact    Quote!
what UOB had done over a series of acquisitions and merger from 1965 till 2023 tell us how the bank is run if there is continuity over the years
https://www.theedgemarkets.com/article/billionaire-wee-cho-yaw-raises-indirect-stakes-uic-uob-and-uol-group

chartistkao1      ( Date: 24-Feb-2023 11:41) Posted:

https://sgwealthbuilder.com/2019/03/04/haw-par-share-price-danced-with-uob/
 
https://www.theedgemarkets.com/article/wee-cho-yaw-raises-stake-haw-par
 
https://lushhomemedia.wordpress.com/2007/07/20/lippo-snaps-up-1b-worth-of-prime-property/


chartistkao1      ( Date: 24-Feb-2023 11:11) Posted:

uob
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=U11& annc=BOYCETLJEB9CT5R


 
 
chartistkao1
    24-Feb-2023 11:41  
Contact    Quote!
https://sgwealthbuilder.com/2019/03/04/haw-par-share-price-danced-with-uob/
 
https://www.theedgemarkets.com/article/wee-cho-yaw-raises-stake-haw-par
 
https://lushhomemedia.wordpress.com/2007/07/20/lippo-snaps-up-1b-worth-of-prime-property/


chartistkao1      ( Date: 24-Feb-2023 11:11) Posted:

uob
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=U11& annc=BOYCETLJEB9CT5RY

chartistkao1      ( Date: 24-Feb-2023 09:38) Posted:

sg 6 months t-bills of 3.93% vsuob  4.59%yield at $29.58 which one offer better returns with consideration of its risk exposure in asea


 
 
chartistkao1
    24-Feb-2023 11:11  
Contact    Quote!
uob
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=U11& annc=BOYCETLJEB9CT5RY

chartistkao1      ( Date: 24-Feb-2023 09:38) Posted:

sg 6 months t-bills of 3.93% vsuob  4.59%yield at $29.58 which one offer better returns with consideration of its risk exposure in asean

chartistkao1      ( Date: 24-Feb-2023 09:35) Posted:

few days ago 6 months t-bill of 3.93% vs 5.4% yield at $12.58, which offers better return


 
 
chartistkao1
    24-Feb-2023 09:38  
Contact    Quote!
sg 6 months t-bills of 3.93% vsuob  4.59%yield at $29.58 which one offer better returns with consideration of its risk exposure in asean

chartistkao1      ( Date: 24-Feb-2023 09:35) Posted:

few days ago 6 months t-bill of 3.93% vs 5.4% yield at $12.58, which offers better return?

chartistkao1      ( Date: 24-Feb-2023 09:33) Posted:

https://www.businesstimes.com.sg/companies-markets/singapores-latest-six-month-t-bill-offers-393-yield
 
vs
 
https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=LHKGT6OUZWXSY2XT


 
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