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UOB-Kay Hian Holdings
Between Sept 10 and 16, UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao acquired 130,500 UOBKH shares for a consideration of S$164,325 at S$1.26 per share. This increased his total interest in UOBKH from 30.60 per cent to 30.62 per cent.
The four filed transactions represented 30 per cent more shares acquired and a 2 cents higher average price than his preceding acquisition on Aug 27.
Besides his stockbroking involvement in UOBKH, Mr Wee is also involved in investment and real estate development in the region.
He serves on the board of Haw Par Corporation and UOL Group as a non-executive director and is a director of Kheng Leong Co Pte Ltd and Wee Investment Group.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
UOB-Kay Hian Holdings
UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao increased his total interest in UOBKH on Aug 27, which is now at 30.60 per cent.
Mr Wee acquired 100,000 UOBKH shares for a consideration of S$124,000 at S$1.24 per share, matching his acquisitions for the preceding two sessions.
Besides his stockbroking involvement in UOBKH, Mr Wee is also involved in investment and real estate development in the region.
He serves on the board of Haw Par Corporation Ltd and UOL Group Ltd as a non-executive director and is a director of Kheng Leong Co Pte Ltd and Wee Investment Group.
Mr Wee' s total interest in UOBKH has gradually increased from 29.49 per cent at the end of 2019, and increased from 27.98 per cent at the end of 2018.
UOB Kay Hian lowers target price on Oxley, raises net profit estimates for FY21-22 on deferred revenue recognition
UOB Kay Hian analysts Loke Peihao and Nicola Ho have maintained their &ldquo buy&rdquo call on Oxley Holdings with a lower target price of 37 cents from 48 cents previously.
The lower target price is &ldquo pegged at 30% discount to net asset value (NAV) of 52 cents/share (previously 69 cents) which has declined due to the large impairments,&rdquo say Loke and Ho.
The recommendation comes after the group registered a $296.3 million loss for 2H20 ended June on August 28.
The loss was due mainly to Covid-19 related losses from the disposal of its stake in its associated company, Galliard Group and
30 Raffles Place, as well as lower appraised values on investment properties.
The results were, however, &ldquo as expected&rdquo , according to the guidance released by Oxley on August 7.
Excluding fair value and non-recurring losses, Oxley reported a net profit of $13.1 million for FY20.
Due to the construction delays for its projects in Singapore, Ireland, and Malaysia, as well as the deferred start of new construction sites, and trimming occupancies and rates for its hotel portfolio, Loke and Ho have raised their net profit estimates for FY21-22 by 27% and 28% respectively.
I guess next year will have better dividend.
Will consider to buy when it dip next year.
Joelton ( Date: 31-Aug-2020 09:04) Posted:
UOB-Kay Hian Holdings
UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao increased his total stake in UOBKH between Aug 25 and 26, which is now at 30.59 per cent. He acquired 100,000 UOBKH shares for a consideration of S$124,000 at S$1.24 per share.
Besides his stockbroking involvement in UOBKH, Mr Wee is also involved in investment and real estate development in the region. He serves on the board of Haw Par Corporation Ltd and UOL Group as a non-executive director and is a director of Kheng Leong Co and Wee Investment Group.
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UOB-Kay Hian Holdings
UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee-chao increased his total stake in UOBKH between Aug 25 and 26, which is now at 30.59 per cent. He acquired 100,000 UOBKH shares for a consideration of S$124,000 at S$1.24 per share.
Besides his stockbroking involvement in UOBKH, Mr Wee is also involved in investment and real estate development in the region. He serves on the board of Haw Par Corporation Ltd and UOL Group as a non-executive director and is a director of Kheng Leong Co and Wee Investment Group.
Deemed Interest 30.58%
Date of acquisition 25-Aug-2020
31,500 shares
S$1.2400 per share
Securities via market transaction
Y still can buy?
CHAIRMAN and managing director of UOB Kay Hian, Wee Ee Chao, has been nibbling on the mainboard-listed brokerage shares in recent years, and now his gradually built-up shareholding is inching near the 30 per cent trigger point for a mandatory general offer.
https://www.businesstimes.com.sg/companies-markets/with-his-uob-kay-hian-deemed-stake-nearing-30-will-wee-ee-chao-make-an-offer
UOB Kay Hian earnings more than double to $76.0 in 1H20
UOB Kay Hian, the brokerage arm under the UOB Group, has more than doubled its earnings in 1H20.
For the half-year period ended June, UOB Kay Hian reported earnings of $76.0 million, a 163.2% surge from the $29.0 million posted in 1H19.
Total revenue for 1H20 grew 56.7% y-o-y to $269.5 million, mainly due to a 90% y-o-y increase in commission income of $186.3 million.
UOB Kay Hian says the growth in commission income was mainly due to active retail participation across regional and US markets as a result of market volatility.
Interest income grew 6.2% y-o-y $63.8 million as a result of higher margin and structured loans.
Other operating income increased 42.9% y-o-y to S$18.8 million with more structured lending and corporate finance activities.
Total income rose 58.5% y-o-y from $277.0 million. Overall commission and personnel expenses increased due to higher business volume.
In its outlook statement, the company says it expects stock trading momentum to &ldquo sustain for the rest of our financial year driving our brokerage
income&rdquo due to near zero global interest rates.
&ldquo The macro outlook remains grim however as global economies struggle to emerge from lock-downs originating from the Covid-19 pandemic. This represents the key risk to the hitherto strong performance seen of the global markets and could dampen market sentiment and trading volumes,&rdquo it adds.
As at end June, cash and cash equivalents stood at $570.2 million.
covid 19, eveybody work from home but are actually trading stocks
1H Eps 9.28 cents Vs 3.58 .
Very good result due to high market fluctuation and economic downturn! 😀
Once it reach 30%, he can take his time to target. One thing for sure, the coming result will be good based on the trading volume for pass 6 months. This year is their 50th anniversary , let hope they have special dividend for the shareholders.
newbiexpert ( Date: 23-Jun-2020 18:01) Posted:
30.58% Deemed Interest
not trigger
LowLow12 ( Date: 20-May-2020 17:54) Posted:
Wee going to trigger a delist soon?
0.5 percent more to acquire
Wonder what?s the price going to be |
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30.58% Deemed Interest
not trigger
LowLow12 ( Date: 20-May-2020 17:54) Posted:
Wee going to trigger a delist soon?
0.5 percent more to acquire
Wonder what?s the price going to be |
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The Company is pleased to announce that 15,286,038 new ordinary shares in the capital of the Company (&ldquo New Shares&rdquo ) have been allotted and issued to the eligible shareholders of the Company who have validly elected to participate (&ldquo Participating Shareholders&rdquo ) in the UOB-Kay Hian Holdings Limited Scrip Dividend Scheme (the &ldquo Scheme&rdquo ) in respect of the First and Final Dividend.
Wee going to trigger a delist soon?
0.5 percent more to acquire
Wonder what?s the price going to be
Issue/ Reinvestment Price
SGD 1.072
Security Credit Date
23/06/2020
UOB-Kay Hian Holdings
UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee Chao increased his total stake in UOBKH between May 6 and 8, which is now at 29.97 per cent. He acquired 415,100 UOBKH shares for a consideration of S$478,338 at S$1.15 per share.
Mr Wee also serves on the board of Haw Par Corporation and UOL Group as a non-executive director, and is also a director of Kheng Leong Co Pte Ltd, and Wee Investment Group.
UOB-Kay Hian Holdings
UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee Chao increased his total stake in UOBKH on May 5, which is now at 29.92 per cent. He acquired 22,700 UOBKH shares for a consideration of S$26,332 at S$1.16 per share.
Mr Wee also serves on the board of Haw Par Corporation and UOL Group as a non-executive director, and is also a director of Kheng Leong Co Pte Ltd, and Wee Investment Group.
That mean Mr Wee convert his scrip dividend to shares in June (Which he did last year), than he will hold more than 30% already. Hope you can offer a good price for those long time supporter.
UOB-Kay Hian Holdings
UOB-Kay Hian Holdings (UOBKH) chairman and managing director Wee Ee Chao increased his total stake in UOBKH between April 2 and 9, which is now at 29.91 per cent.
Mr Wee acquired 230,800 UOBKH shares for a consideration of S$264,076 at S$1.14 per share.
https://www.businesstimes.com.sg/companies-markets/director-filings-at-a-more-measured-pace
Too many buy back, acquisition coming soon..
DYODD
Buy small ok, once they buy out the company should pay out quite handsomely
