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ocbc buyers fight back from the shortists
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3941-3960 of 4600
https://www.investing.com/currencies/usd-sgd
https://investors.sgx.com/securities/stocks?security=O39
https://www.bankofengland.co.uk/-/media/boe/files/speech/1999/the-asian-crisis-lessons-for-crisis-management-and-prevention.pdf
chartiskao ( Date: 29-Nov-2023 15:28) Posted:
during 1997 it was George soros the alpha work speculator this time round could it be...
How To Fix It
Just as the Asian crisis did not arise from a single source, there is not a single silver bullet that will fix it. The main policy imperatives can be grouped under the following four headings.
Financial sector reform in the ASEAN 4 economies and in South Korea-Because of the key role that financial-sector fragility played in motivating the crisis, efforts to overcome that fragility must be the centerpiece of the recovery strategy. Insolvent banks and finance companies should be resolved (equity holders should lose their stake and management should be replaced), while those that are undercapitalized should be recapitalized to meet international standards. Foreign ownership limits should be liberalized. Each of the crisis countries also should commit itself to upgrade significantly its system of financial supervision and regulation. A tangible way to illustrate this commitment would be for them to sign on to the Basle Committee' s new " Core Principles of Effective Banking Supervision," and to ask the IMF and the World Bank to monitor their compliance with these principles.
https://www.artofmanliness.com/character/behavior/how-to-really-be-alpha-like-the-wolf/
&ldquo The main characteristic of an alpha male wolf,&rdquo the veteran wolf researcher Rick McIntyre told me as we were watching gray wolves, &ldquo is a quiet confidence, quiet self-assurance. You know what you need to do you know what' s best for your pack. You lead by example. You' re very comfortable with that.
chartiskao ( Date: 29-Nov-2023 15:24) Posted:
can the speculators succeed in bringing down ocbc share in 2024?
Vulnerability was also heightened-particularly in Thailand and Indonesia (and later on in South Korea)-because banks and their corporate customers, in an effort to lower borrowing cost, undertook most of their foreign borrowing at short maturities and in foreign currency. These liquidity and currency mismatches eventually took their toll-both in motivating speculative attacks and in limiting the authorities' room for maneuver.
These financial-sector problems could not have progressed so far were it not for long-standing weaknesses in banking and financial-sector supervision. Loan classification and provisioning practices were too lax there was too much " connected" and " policy-directed" lending state-owned banks did not pay much attention to the creditworthiness of borrowers bank capital was often inadequate relative to the riskiness of banks' operating environment and there were strong expectations of government bailouts should banks get into difficulties. On top of this, the quality of public disclosure and transparency was poor.
" Like other financial crises of years past,
the Asian crisis can be traced to a
set of interrelated problems"
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during 1997 it was George soros the alpha work speculator this time round could it be...
How To Fix It
Just as the Asian crisis did not arise from a single source, there is not a single silver bullet that will fix it. The main policy imperatives can be grouped under the following four headings.
Financial sector reform in the ASEAN 4 economies and in South Korea-Because of the key role that financial-sector fragility played in motivating the crisis, efforts to overcome that fragility must be the centerpiece of the recovery strategy. Insolvent banks and finance companies should be resolved (equity holders should lose their stake and management should be replaced), while those that are undercapitalized should be recapitalized to meet international standards. Foreign ownership limits should be liberalized. Each of the crisis countries also should commit itself to upgrade significantly its system of financial supervision and regulation. A tangible way to illustrate this commitment would be for them to sign on to the Basle Committee' s new " Core Principles of Effective Banking Supervision," and to ask the IMF and the World Bank to monitor their compliance with these principles.
https://www.artofmanliness.com/character/behavior/how-to-really-be-alpha-like-the-wolf/
&ldquo The main characteristic of an alpha male wolf,&rdquo the veteran wolf researcher Rick McIntyre told me as we were watching gray wolves, &ldquo is a
quiet confidence, quiet self-assurance. You know what you need to do you know what' s best for your pack. You lead by example. You' re very comfortable with that.
chartiskao ( Date: 29-Nov-2023 15:24) Posted:
can the speculators succeed in bringing down ocbc share in 2024?
Vulnerability was also heightened-particularly in Thailand and Indonesia (and later on in South Korea)-because banks and their corporate customers, in an effort to lower borrowing cost, undertook most of their foreign borrowing at short maturities and in foreign currency. These liquidity and currency mismatches eventually took their toll-both in motivating speculative attacks and in limiting the authorities' room for maneuver.
These financial-sector problems could not have progressed so far were it not for long-standing weaknesses in banking and financial-sector supervision. Loan classification and provisioning practices were too lax there was too much " connected" and " policy-directed" lending state-owned banks did not pay much attention to the creditworthiness of borrowers bank capital was often inadequate relative to the riskiness of banks' operating environment and there were strong expectations of government bailouts should banks get into difficulties. On top of this, the quality of public disclosure and transparency was poor.
" Like other financial crises of years past,
the Asian crisis can be traced to a
set of interrelated problems"
chartiskao ( Date: 29-Nov-2023 11:56) Posted:
all rate hikes will come to an end just like any legendary investor
https://www.wsj.com/finance/investing/charlie-munger-berkshire-hathaway-dead-74d476a |
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can the speculators succeed in bringing down ocbc share in 2024?
Vulnerability was also heightened-particularly in Thailand and Indonesia (and later on in South Korea)-because banks and their corporate customers, in an effort to lower borrowing cost, undertook most of their foreign borrowing at short maturities and in foreign currency. These liquidity and currency mismatches eventually took their toll-both in motivating speculative attacks and in limiting the authorities' room for maneuver.
These financial-sector problems could not have progressed so far were it not for long-standing weaknesses in banking and financial-sector supervision. Loan classification and provisioning practices were too lax there was too much " connected" and " policy-directed" lending state-owned banks did not pay much attention to the creditworthiness of borrowers bank capital was often inadequate relative to the riskiness of banks' operating environment and there were strong expectations of government bailouts should banks get into difficulties. On top of this, the quality of public disclosure and transparency was poor.
" Like other financial crises of years past,
the Asian crisis can be traced to a
set of interrelated problems"
chartiskao ( Date: 29-Nov-2023 11:56) Posted:
all rate hikes will come to an end just like any legendary investor
https://www.wsj.com/finance/investing/charlie-munger-berkshire-hathaway-dead-74d476a8
chartiskao ( Date: 29-Nov-2023 11:53) Posted:
| when fed starts to cut rates from 2024 money from amazon,meta,apple,netfix,microft share will flow into sg bank stocks to enjoy the 6.3% yield
https://www.investing.com/currencies/usd-sgd
https://tradingeconomics.com/united-states/inflation-cpi
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all rate hikes will come to an end just like any legendary investor
https://www.wsj.com/finance/investing/charlie-munger-berkshire-hathaway-dead-74d476a8
chartiskao ( Date: 29-Nov-2023 11:53) Posted:
| when fed starts to cut rates from 2024 money from amazon,meta,apple,netfix,microft share will flow into sg bank stocks to enjoy the 6.3% yield
https://www.investing.com/currencies/usd-sgd
https://tradingeconomics.com/united-states/inflation-cpi
chartiskao ( Date: 28-Nov-2023 16:33) Posted:
https://www.marketwatch.com/investing/stock/amzn
https://www.cnbc.com/quotes/META
https://www.youtube.com/watch?v=GZhtGNhTgVM
vs
https://www.bloomberg.com/quote/OCBC:SP
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when fed starts to cut rates from 2024 money from amazon,meta,apple,netfix,microft share will flow into sg bank stocks to enjoy the 6.3% yield
https://www.investing.com/currencies/usd-sgd
https://tradingeconomics.com/united-states/inflation-cpi
chartiskao ( Date: 28-Nov-2023 16:33) Posted:
https://www.marketwatch.com/investing/stock/amzn
https://www.cnbc.com/quotes/META
https://www.youtube.com/watch?v=GZhtGNhTgVM
vs
https://www.bloomberg.com/quote/OCBC:SP
chartiskao ( Date: 28-Nov-2023 15:41) Posted:
| time to buy ocbc share at $12.61
https://finance.yahoo.com/quote/SGD%3DX/history?period1=1543363200& period2=1701129600& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true
https://www.investing.com/currencies/usd-sgd
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https://www.marketwatch.com/investing/stock/amzn
https://www.cnbc.com/quotes/META
https://www.youtube.com/watch?v=GZhtGNhTgVM
vs
https://www.bloomberg.com/quote/OCBC:SP
chartiskao ( Date: 28-Nov-2023 15:41) Posted:
| time to buy ocbc share at $12.61
https://finance.yahoo.com/quote/SGD%3DX/history?period1=1543363200& period2=1701129600& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true
https://www.investing.com/currencies/usd-sgd
chartiskao ( Date: 28-Nov-2023 14:15) Posted:
will sg bank shares outperform microsoft as fed cut rates in 2024
https://www.marketwatch.com/investing/stock/msf |
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time to buy ocbc share at $12.61
https://finance.yahoo.com/quote/SGD%3DX/history?period1=1543363200& period2=1701129600& interval=1d& filter=history& frequency=1d& includeAdjustedClose=true
https://www.investing.com/currencies/usd-sgd
chartiskao ( Date: 28-Nov-2023 14:15) Posted:
will sg bank shares outperform microsoft as fed cut rates in 2024
https://www.marketwatch.com/investing/stock/msft
chartiskao ( Date: 28-Nov-2023 13:58) Posted:
CDL to buy back 10% of preference shares for S$25.8 million via off-market purchase
Published Mon, Nov 27, 2023 · 9:47 am Updated Mon, Nov 27, 2023 · 3:28 pm
City Developments will buy back 33.1 million of its preference shares at S$0.78 apiece on Dec 1.
PHOTO: BLOOMBERG
PROPERTY giant City Developments Limited : C09 -0.97% (CDL) is shelling out S$25.8 million to buy back 33.1 million of its preference shares, or about 10 per cent of its 330.9 million preference shares, under its share purchase mandate approved by shareholders in April.
On Monday (Nov 27), CDL said this represents 100 per cent of the maximum buyback amount under its off-market equal access offer announced earlier this month.
They will be purchased on the Singapore Exchange on Dec 1 at S$0.78 apiece.
The offer, which was launched on Nov 9, closed at 5.30 pm on Nov 23.
All preference shares purchased or acquired by CDL in connection with the offer will thereafter be cancelled.
As these shares do not carry general voting rights, there will be no implications arising from Singapore&rsquo s takeover and mergers code.
A NEWSLETTER FOR YOU
Tuesday, 12 PM
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
Your feedback is important to us
Tell us what you think. Email us at [email protected]
In its Nov 2 filing announcing the deal, the group said its off-market equal access offer would provide its preference shareholders with a &ldquo cash exit opportunity to tender their preference shares for acceptance by the company and monetise such preference shares&rdquo .
It would also allow the company to exercise greater control over its share capital structure, said CDL, which noted that the trading volume of such shares had been &ldquo generally low&rdquo .
Shares of CDL were trading S$0.06 or 1 per cent higher at S$6.27 as at 9.16 am on Monday, after its latest update.
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will sg bank shares outperform microsoft as fed cut rates in 2024
https://www.marketwatch.com/investing/stock/msft
chartiskao ( Date: 28-Nov-2023 13:58) Posted:
CDL to buy back 10% of preference shares for S$25.8 million via off-market purchase
Published Mon, Nov 27, 2023 · 9:47 am Updated Mon, Nov 27, 2023 · 3:28 pm
City Developments will buy back 33.1 million of its preference shares at S$0.78 apiece on Dec 1.
PHOTO: BLOOMBERG
PROPERTY giant City Developments Limited : C09 -0.97% (CDL) is shelling out S$25.8 million to buy back 33.1 million of its preference shares, or about 10 per cent of its 330.9 million preference shares, under its share purchase mandate approved by shareholders in April.
On Monday (Nov 27), CDL said this represents 100 per cent of the maximum buyback amount under its off-market equal access offer announced earlier this month.
They will be purchased on the Singapore Exchange on Dec 1 at S$0.78 apiece.
The offer, which was launched on Nov 9, closed at 5.30 pm on Nov 23.
All preference shares purchased or acquired by CDL in connection with the offer will thereafter be cancelled.
As these shares do not carry general voting rights, there will be no implications arising from Singapore&rsquo s takeover and mergers code.
A NEWSLETTER FOR YOU
Tuesday, 12 PM
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
Your feedback is important to us
Tell us what you think. Email us at [email protected]
In its Nov 2 filing announcing the deal, the group said its off-market equal access offer would provide its preference shareholders with a &ldquo cash exit opportunity to tender their preference shares for acceptance by the company and monetise such preference shares&rdquo .
It would also allow the company to exercise greater control over its share capital structure, said CDL, which noted that the trading volume of such shares had been &ldquo generally low&rdquo .
Shares of CDL were trading S$0.06 or 1 per cent higher at S$6.27 as at 9.16 am on Monday, after its latest update.
chartiskao ( Date: 28-Nov-2023 13:56) Posted:
Crescendas&rsquo Leow family buys Jalan Besar shophouses for S$38.5 million, Textile Centre car park for S$26 million
Separately, Apricot Capital is said to be buying Serene Centre for about S$105 million Mohinani family puts Bugis Point on market at S$85 million indicative price
Published Tue, Oct 10, 2023 · 5:00 am
The trio of shophouses at Nos 203, 205 and 207 Jalan Besar on a corner site. One of the tenants is Authentic Mun Chee Kee King of Pig&rsquo s Organ Soup.
PHOTO: GOOGLE MAPS
CRESCENDAS Group chairman Lawrence Leow and his family have picked up three freehold shophouses on a corner lot in Jalan Besar for S$38.5 million, as well as the multi-storey car park at Textile Centre in Jalan Sultan and an adjacent plot for about S$26 million.
Separately, word on the street is that Serene Centre in Bukit Timah is being sold for about S$105 million.
In Jalan Besar, the three-storey shophouses that the Leow family is buying are Nos 203, 205 and 207 the trio are on a single freehold land lot of about 6,378 square feet (sq ft) at the junction with Sam Leong Road.
The site is zoned commercial with a 3.0 plot ratio under the Urban Redevelopment Authority&rsquo s (URA) latest Master Plan. The shophouses are in the Jalan Besar Secondary Settlement conservation area. The rear of the property can be extended up to six storeys. Tenants include Authentic Mun Chee Kee King of Pig&rsquo s Organ Soup.
Last year, a wholly owned unit of CREO Fund 1, which in turn is fully owned by variable capital company (VCC) Crescendas Real Estate Opportunities, picked up six adjoining freehold shophouses at Nos 311, 313, 315, 317, 319 and 321 Geylang Road for S$42.55 million. Crescendas Real Estate Opportunities is linked to Lawrence Leow.
The shophouses have a combined land area of 9,792 sq ft and floor area of 17,014 sq ft. Four of the shophouses have two storeys each the remaining two each have two storeys and an attic. The shophouses are zoned for commercial use with a 3.0 gross plot ratio and five-storey rear extension permitted. This allows for value-add potential to tap the unutilised floor area of 12,362 sq ft.
|
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|
|
CDL to buy back 10% of preference shares for S$25.8 million via off-market purchase
Published Mon, Nov 27, 2023 · 9:47 am Updated Mon, Nov 27, 2023 · 3:28 pm
City Developments will buy back 33.1 million of its preference shares at S$0.78 apiece on Dec 1.
PHOTO: BLOOMBERG
PROPERTY giant City Developments Limited : C09 -0.97% (CDL) is shelling out S$25.8 million to buy back 33.1 million of its preference shares, or about 10 per cent of its 330.9 million preference shares, under its share purchase mandate approved by shareholders in April.
On Monday (Nov 27), CDL said this represents 100 per cent of the maximum buyback amount under its off-market equal access offer
announced earlier this month.
They will be purchased on the Singapore Exchange on Dec 1 at S$0.78 apiece.
The offer, which was launched on Nov 9, closed at 5.30 pm on Nov 23.
All preference shares purchased or acquired by CDL in connection with the offer will thereafter be cancelled.
As these shares do not carry general voting rights, there will be no implications arising from Singapore&rsquo s takeover and mergers code.
A NEWSLETTER FOR YOU
Tuesday, 12 PM
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
Your feedback is important to us
Tell us what you think. Email us at
[email protected]
In its Nov 2 filing announcing the deal, the group said its off-market equal access offer would provide its preference shareholders with a &ldquo cash exit opportunity to tender their preference shares for acceptance by the company and monetise such preference shares&rdquo .
It would also allow the company to exercise greater control over its share capital structure, said CDL, which noted that the trading volume of such shares had been &ldquo generally low&rdquo .
Shares of CDL were trading S$0.06 or 1 per cent higher at S$6.27 as at 9.16 am on Monday, after its latest update.
chartiskao ( Date: 28-Nov-2023 13:56) Posted:
Crescendas&rsquo Leow family buys Jalan Besar shophouses for S$38.5 million, Textile Centre car park for S$26 million
Separately, Apricot Capital is said to be buying Serene Centre for about S$105 million Mohinani family puts Bugis Point on market at S$85 million indicative price
Published Tue, Oct 10, 2023 · 5:00 am
The trio of shophouses at Nos 203, 205 and 207 Jalan Besar on a corner site. One of the tenants is Authentic Mun Chee Kee King of Pig&rsquo s Organ Soup.
PHOTO: GOOGLE MAPS
CRESCENDAS Group chairman Lawrence Leow and his family have picked up three freehold shophouses on a corner lot in Jalan Besar for S$38.5 million, as well as the multi-storey car park at Textile Centre in Jalan Sultan and an adjacent plot for about S$26 million.
Separately, word on the street is that Serene Centre in Bukit Timah is being sold for about S$105 million.
In Jalan Besar, the three-storey shophouses that the Leow family is buying are Nos 203, 205 and 207 the trio are on a single freehold land lot of about 6,378 square feet (sq ft) at the junction with Sam Leong Road.
The site is zoned commercial with a 3.0 plot ratio under the Urban Redevelopment Authority&rsquo s (URA) latest Master Plan. The shophouses are in the Jalan Besar Secondary Settlement conservation area. The rear of the property can be extended up to six storeys. Tenants include Authentic Mun Chee Kee King of Pig&rsquo s Organ Soup.
Last year, a wholly owned unit of CREO Fund 1, which in turn is fully owned by variable capital company (VCC) Crescendas Real Estate Opportunities, picked up six adjoining freehold shophouses at Nos 311, 313, 315, 317, 319 and 321 Geylang Road for S$42.55 million. Crescendas Real Estate Opportunities is linked to Lawrence Leow.
The shophouses have a combined land area of 9,792 sq ft and floor area of 17,014 sq ft. Four of the shophouses have two storeys each the remaining two each have two storeys and an attic. The shophouses are zoned for commercial use with a 3.0 gross plot ratio and five-storey rear extension permitted. This allows for value-add potential to tap the unutilised floor area of 12,362 sq ft.
chartiskao ( Date: 28-Nov-2023 13:54) Posted:
time to bargain hunt as us interest rate peak at first half of 2024
Fragrance Group boss bags two industrial buildings for S$101 million
Published Thu, Oct 26, 2023 · 9:44 pm
ENTITIES controlled by Fragrance Group founder and chairman James Koh have picked up two ageing freehold Singapore industrial buildings for a total of nearly S$101 million.
He is paying S$61 million for a five-storey property at 3 New Industrial Road, in the Upper Paya Lebar-Bartley area. The property, with a site area of 34,125 sq ft, is substantially occupied by the seller, Kimly Construction, which is expected to lease back space in the building for a short period. There are also other third-party tenants in the building. Kimly Construction is owned by a Khoo family.
The other property Koh is buying, for nearly S$40 million, is at 3 Kallang Pudding Road. The low-rise building, with a site area of about 24,700 sq ft, is at the corner of Kallang Pudding and Tannery roads. The property is being sold by Cheng Meng Furniture Group, controlled by a Choo family. The seller occupies the building.
Under the Urban Redevelopment Authority&rsquo s latest Master Plan, both sites are zoned for Business 1 use, which allows light and clean industrial use. They also have the same plot ratio, that is, the ratio of maximum gross floor area to land area &ndash 2.5.
Market watchers could not ascertain whether the two properties have untapped gross floor area. However, they suggested that the sites could be redeveloped into facilities built to modern industrial property specifications and green standards, which would command higher rental and capital values.
That said, Koh may just continue to lease out the properties in the near- to mid-term.
A NEWSLETTER FOR YOU
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Crescendas&rsquo Leow family buys Jalan Besar shophouses for S$38.5 million, Textile Centre car park for S$26 million
Separately, Apricot Capital is said to be buying Serene Centre for about S$105 million Mohinani family puts Bugis Point on market at S$85 million indicative price
Published Tue, Oct 10, 2023 · 5:00 am
The trio of shophouses at Nos 203, 205 and 207 Jalan Besar on a corner site. One of the tenants is Authentic Mun Chee Kee King of Pig&rsquo s Organ Soup.
PHOTO: GOOGLE MAPS
CRESCENDAS Group chairman Lawrence Leow and his family have picked up three freehold shophouses on a corner lot in Jalan Besar for S$38.5 million, as well as the multi-storey car park at Textile Centre in Jalan Sultan and an adjacent plot for about S$26 million.
Separately, word on the street is that Serene Centre in Bukit Timah is being sold for about S$105 million.
In Jalan Besar, the three-storey shophouses that the Leow family is buying are Nos 203, 205 and 207 the trio are on a single freehold land lot of about 6,378 square feet (sq ft) at the junction with Sam Leong Road.
The site is zoned commercial with a 3.0 plot ratio under the Urban Redevelopment Authority&rsquo s (URA) latest Master Plan. The shophouses are in the Jalan Besar Secondary Settlement conservation area. The rear of the property can be extended up to six storeys. Tenants include Authentic Mun Chee Kee King of Pig&rsquo s Organ Soup.
Last year, a wholly owned unit of CREO Fund 1, which in turn is fully owned by variable capital company (VCC) Crescendas Real Estate Opportunities, picked up six adjoining freehold shophouses at Nos 311, 313, 315, 317, 319 and 321 Geylang Road for S$42.55 million. Crescendas Real Estate Opportunities is linked to Lawrence Leow.
The shophouses have a combined land area of 9,792 sq ft and floor area of 17,014 sq ft. Four of the shophouses have two storeys each the remaining two each have two storeys and an attic. The shophouses are zoned for commercial use with a 3.0 gross plot ratio and five-storey rear extension permitted. This allows for value-add potential to tap the unutilised floor area of 12,362 sq ft.
chartiskao ( Date: 28-Nov-2023 13:54) Posted:
time to bargain hunt as us interest rate peak at first half of 2024
Fragrance Group boss bags two industrial buildings for S$101 million
Published Thu, Oct 26, 2023 · 9:44 pm
ENTITIES controlled by Fragrance Group founder and chairman James Koh have picked up two ageing freehold Singapore industrial buildings for a total of nearly S$101 million.
He is paying S$61 million for a five-storey property at 3 New Industrial Road, in the Upper Paya Lebar-Bartley area. The property, with a site area of 34,125 sq ft, is substantially occupied by the seller, Kimly Construction, which is expected to lease back space in the building for a short period. There are also other third-party tenants in the building. Kimly Construction is owned by a Khoo family.
The other property Koh is buying, for nearly S$40 million, is at 3 Kallang Pudding Road. The low-rise building, with a site area of about 24,700 sq ft, is at the corner of Kallang Pudding and Tannery roads. The property is being sold by Cheng Meng Furniture Group, controlled by a Choo family. The seller occupies the building.
Under the Urban Redevelopment Authority&rsquo s latest Master Plan, both sites are zoned for Business 1 use, which allows light and clean industrial use. They also have the same plot ratio, that is, the ratio of maximum gross floor area to land area &ndash 2.5.
Market watchers could not ascertain whether the two properties have untapped gross floor area. However, they suggested that the sites could be redeveloped into facilities built to modern industrial property specifications and green standards, which would command higher rental and capital values.
That said, Koh may just continue to lease out the properties in the near- to mid-term.
A NEWSLETTER FOR YOU
chartiskao ( Date: 28-Nov-2023 13:11) Posted:
Great Eastern Q2 profit up 251% to S$193.2 million after change in accounting standards
Published Thu, Aug 03, 2023 · 8:59 am
GREAT Eastern, : G07 +1.14%the insurance arm of OCBC, on Thursday (Aug 3) posted a 251 per cent rise in net profit for the second quarter ended June, to S$193.2 million from S$55 million in the same period the year before.
The jump in profit came after the group adopted a change in accounting standards on Jan 1, which led to the comparative numbers for FY2022 being restated. Before the numbers were restated, net profit for Q2 2022 was S$282.9 million.
The replacement of Singapore Financial Reporting Standard (SFRS) 4 Insurance Contracts into SFRS 17 impacted the timing of profit recognition and initial shareholders&rsquo equity. It will not significantly affect the group&rsquo s business operations, earning prospects and ability to pay dividends, Great Eastern said.
The group will pay an interim dividend of S$0.35 per share on Aug 31. The interim dividend was S$0.10 for the previous financial year. Great Eastern said that it will aim to pay a more steady dividend payment twice a year, targeting a full-year payout that is based on sustainable profits. The company also aims to maintain each dividend amount at a level no lower than the preceding one.
The latest results bring net profit for the first half of 2023 to S$437.2 million, 95 per cent higher than the S$224.1 million recorded in the same period last year.
Before restatement due to a change in accounting standards, net profit for H1 2022 stood at S$502.9 million.
SEE ALSO
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time to bargain hunt as us interest rate peak at first half of 2024
Fragrance Group boss bags two industrial buildings for S$101 million
Published Thu, Oct 26, 2023 · 9:44 pm
ENTITIES controlled by Fragrance Group founder and chairman James Koh have picked up two ageing freehold Singapore industrial buildings for a total of nearly S$101 million.
He is paying S$61 million for a five-storey property at 3 New Industrial Road, in the Upper Paya Lebar-Bartley area. The property, with a site area of 34,125 sq ft, is substantially occupied by the seller, Kimly Construction, which is expected to lease back space in the building for a short period. There are also other third-party tenants in the building. Kimly Construction is owned by a Khoo family.
The other property Koh is buying, for nearly S$40 million, is at 3 Kallang Pudding Road. The low-rise building, with a site area of about 24,700 sq ft, is at the corner of Kallang Pudding and Tannery roads. The property is being sold by Cheng Meng Furniture Group, controlled by a Choo family. The seller occupies the building.
Under the Urban Redevelopment Authority&rsquo s latest Master Plan, both sites are zoned for Business 1 use, which allows light and clean industrial use. They also have the same plot ratio, that is, the ratio of maximum gross floor area to land area &ndash 2.5.
Market watchers could not ascertain whether the two properties have untapped gross floor area. However, they suggested that the sites could be redeveloped into facilities built to modern industrial property specifications and green standards, which would command higher rental and capital values.
That said, Koh may just continue to lease out the properties in the near- to mid-term.
A NEWSLETTER FOR YOU
chartiskao ( Date: 28-Nov-2023 13:11) Posted:
Great Eastern Q2 profit up 251% to S$193.2 million after change in accounting standards
Published Thu, Aug 03, 2023 · 8:59 am
GREAT Eastern, : G07 +1.14%the insurance arm of OCBC, on Thursday (Aug 3) posted a 251 per cent rise in net profit for the second quarter ended June, to S$193.2 million from S$55 million in the same period the year before.
The jump in profit came after the group adopted a change in accounting standards on Jan 1, which led to the comparative numbers for FY2022 being restated. Before the numbers were restated, net profit for Q2 2022 was S$282.9 million.
The replacement of Singapore Financial Reporting Standard (SFRS) 4 Insurance Contracts into SFRS 17 impacted the timing of profit recognition and initial shareholders&rsquo equity. It will not significantly affect the group&rsquo s business operations, earning prospects and ability to pay dividends, Great Eastern said.
The group will pay an interim dividend of S$0.35 per share on Aug 31. The interim dividend was S$0.10 for the previous financial year. Great Eastern said that it will aim to pay a more steady dividend payment twice a year, targeting a full-year payout that is based on sustainable profits. The company also aims to maintain each dividend amount at a level no lower than the preceding one.
The latest results bring net profit for the first half of 2023 to S$437.2 million, 95 per cent higher than the S$224.1 million recorded in the same period last year.
Before restatement due to a change in accounting standards, net profit for H1 2022 stood at S$502.9 million.
SEE ALSO
chartiskao ( Date: 28-Nov-2023 10:25) Posted:
will GE increase its dividend in 2024?
https://finance.yahoo.com/news/great-eastern-holdings-sgx-g07-001237480.htm |
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Great Eastern Q2 profit up 251% to S$193.2 million after change in accounting standards
Published Thu, Aug 03, 2023 · 8:59 am
GREAT Eastern, : G07 +1.14%the insurance arm of OCBC, on Thursday (Aug 3) posted a 251 per cent rise in net profit for the second quarter ended June, to S$193.2 million from S$55 million in the same period the year before.
The jump in profit came after the group adopted a change in accounting standards on Jan 1, which led to the comparative numbers for FY2022 being restated. Before the numbers were restated, net profit for Q2 2022 was S$282.9 million.
The replacement of Singapore Financial Reporting Standard (SFRS) 4 Insurance Contracts into SFRS 17 impacted the timing of profit recognition and initial shareholders&rsquo equity. It will not significantly affect the group&rsquo s business operations, earning prospects and ability to pay dividends, Great Eastern said.
The group will pay an interim dividend of S$0.35 per share on Aug 31. The interim dividend was S$0.10 for the previous financial year. Great Eastern said that it will aim to pay a more steady dividend payment twice a year, targeting a full-year payout that is based on sustainable profits. The company also aims to maintain each dividend amount at a level no lower than the preceding one.
The latest results bring net profit for the first half of 2023 to S$437.2 million, 95 per cent higher than the S$224.1 million recorded in the same period last year.
Before restatement due to a change in accounting standards, net profit for H1 2022 stood at S$502.9 million.
SEE ALSO
chartiskao ( Date: 28-Nov-2023 10:25) Posted:
will GE increase its dividend in 2024?
https://finance.yahoo.com/news/great-eastern-holdings-sgx-g07-001237480.html
chartiskao ( Date: 28-Nov-2023 10:17) Posted:
Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m. In an SGX filing, OCBC said that the shares were priced at S$16.99 each. OCBC now owns 88.4% of Great Eastern' s total shares, from 87.9% previously.20 Jun 2023
https://sbr.com.sg/news/ocbc-buys-more-great-eastern-shares-s399m
https://www.dividends.sg/view/G07
now that the three bank shares contyinue to fall it is time for ocbc to buy more GE share like in june 2023
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will GE increase its dividend in 2024?
https://finance.yahoo.com/news/great-eastern-holdings-sgx-g07-001237480.html
chartiskao ( Date: 28-Nov-2023 10:17) Posted:
Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m. In an SGX filing, OCBC said that the shares were priced at S$16.99 each. OCBC now owns 88.4% of Great Eastern' s total shares, from 87.9% previously.20 Jun 2023
https://sbr.com.sg/news/ocbc-buys-more-great-eastern-shares-s399m
https://www.dividends.sg/view/G07
now that the three bank shares contyinue to fall it is time for ocbc to buy more GE share like in june 2023
chartiskao ( Date: 28-Nov-2023 06:02) Posted:
https://www.investing.com/currencies/usd-sgd
money flow back from US to asia again for 2024 stock rally as inflation is put in control in 2023
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Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m. In an SGX filing, OCBC said that the shares were priced at S$16.99 each. OCBC now owns 88.4% of Great Eastern' s total shares, from 87.9% previously.20 Jun 2023
https://sbr.com.sg/news/ocbc-buys-more-great-eastern-shares-s399m
https://www.dividends.sg/view/G07
now that the three bank shares contyinue to fall it is time for ocbc to buy more GE share like in june 2023
chartiskao ( Date: 28-Nov-2023 06:02) Posted:
https://www.investing.com/currencies/usd-sgd
money flow back from US to asia again for 2024 stock rally as inflation is put in control in 2023
chartiskao ( Date: 27-Nov-2023 16:46) Posted:
| will ocbc,maybank,uob,dbs be its bankers in 2024?
Published Mon, Nov 06, 2023 · 11:22 am
UNITS of (Reit) jumped as much as 31 per cent on Monday (Nov 6) amid heavy trading, extending gains recorded on Friday.
The heavy trading came as investors digest the Reit&rsquo s business update on Friday. The Reit&rsquo s manager announced that it is on track to conclude negotiations with lenders by the end of 2023, along with the potential introduction of a sponsor support package which could help with the Reit&rsquo s liquidity.
Separately, DBS Group Research upgraded the Reit to &ldquo buy&rdquo from &ldquo fully valued&rdquo as it senses a trading opportunity for investors. The Reit&rsquo s units could re-rate as discussions to resolve its debt covenant breach will likely approach a resolution, analysts said.
The counter reached a two and a half-month high of US$0.076 during the afternoon trading session, rising US$0.018 as at 3.24 pm. The last time the Reit&rsquo s units closed near this level was Aug 23. Manulife US Reit was also the second most traded counter by volume at the time, with 49.1 million units changing hands.
DBS maintained its target price of US$0.10 on Manulife US Reit, which implies a potential upside of 31.6 per cent from the counter&rsquo s 3.24 pm trading price.
CGS-CIMB, meanwhile, retained its &ldquo add&rdquo call and target price of US$0.25, which implies a potential upside of 228.9 per cent.
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https://www.investing.com/currencies/usd-sgd
money flow back from US to asia again for 2024 stock rally as inflation is put in control in 2023
chartiskao ( Date: 27-Nov-2023 16:46) Posted:
| will ocbc,maybank,uob,dbs be its bankers in 2024?
Published Mon, Nov 06, 2023 · 11:22 am
UNITS of (Reit) jumped as much as 31 per cent on Monday (Nov 6) amid heavy trading, extending gains recorded on Friday.
The heavy trading came as investors digest the Reit&rsquo s business update on Friday. The Reit&rsquo s manager announced that it is on track to conclude negotiations with lenders by the end of 2023, along with the potential introduction of a sponsor support package which could help with the Reit&rsquo s liquidity.
Separately, DBS Group Research upgraded the Reit to &ldquo buy&rdquo from &ldquo fully valued&rdquo as it senses a trading opportunity for investors. The Reit&rsquo s units could re-rate as discussions to resolve its debt covenant breach will likely approach a resolution, analysts said.
The counter reached a two and a half-month high of US$0.076 during the afternoon trading session, rising US$0.018 as at 3.24 pm. The last time the Reit&rsquo s units closed near this level was Aug 23. Manulife US Reit was also the second most traded counter by volume at the time, with 49.1 million units changing hands.
DBS maintained its target price of US$0.10 on Manulife US Reit, which implies a potential upside of 31.6 per cent from the counter&rsquo s 3.24 pm trading price.
CGS-CIMB, meanwhile, retained its &ldquo add&rdquo call and target price of US$0.25, which implies a potential upside of 228.9 per cent.
chartiskao ( Date: 27-Nov-2023 16:42) Posted:
https://sginvestors.io/analysts/research/2023/08/manulife-us-reit-uob-kay-hian-research-2023-08-16
usdsgd 1.3373
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will ocbc,maybank,uob,dbs be its bankers in 2024?
Published Mon, Nov 06, 2023 · 11:22 am
UNITS of (Reit) jumped as much as 31 per cent on Monday (Nov 6) amid heavy trading, extending gains recorded on Friday.
The heavy trading came as investors digest the Reit&rsquo s
business update on Friday. The Reit&rsquo s manager announced that it is on track to conclude negotiations with lenders by the end of 2023, along with the potential introduction of a sponsor support package which could help with the Reit&rsquo s liquidity.
Separately, DBS Group Research upgraded the Reit to &ldquo buy&rdquo from &ldquo fully valued&rdquo as it senses a trading opportunity for investors. The Reit&rsquo s units could re-rate as discussions to resolve its debt covenant breach will likely approach a resolution, analysts said.
The counter reached a two and a half-month high of US$0.076 during the afternoon trading session, rising US$0.018 as at 3.24 pm. The last time the Reit&rsquo s units closed near this level was Aug 23. Manulife US Reit was also the second most traded counter by volume at the time, with 49.1 million units changing hands.
DBS maintained its target price of US$0.10 on Manulife US Reit, which implies a potential upside of 31.6 per cent from the counter&rsquo s 3.24 pm trading price.
CGS-CIMB, meanwhile, retained its &ldquo add&rdquo call and target price of US$0.25, which implies a potential upside of 228.9 per cent.
chartiskao ( Date: 27-Nov-2023 16:42) Posted:
https://sginvestors.io/analysts/research/2023/08/manulife-us-reit-uob-kay-hian-research-2023-08-16
usdsgd 1.3373
chartiskao ( Date: 27-Nov-2023 15:35) Posted:
https://finance.yahoo.com/quote/mort?ltr=1
https://finance.yahoo.com/quote/REM?p=REM& ncid=yahooproperties_peoplealso_km0o32z3jzm
What is the largest REIT ETF in the US?
The largest REIT ETF is the Schwab U.S. REIT ETF SCHH with $5.92B in assets. In the last trailing year, the best-performing REIT ETF was VPN at 10.18%. The most recent ETF launched in the REIT space was the SRH REIT Covered Call ETF SRHR on 11/01/23. REIT ETFs hold exclusively real estate investments trusts (REITs).
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https://sginvestors.io/analysts/research/2023/08/manulife-us-reit-uob-kay-hian-research-2023-08-16
usdsgd 1.3373
chartiskao ( Date: 27-Nov-2023 15:35) Posted:
https://finance.yahoo.com/quote/mort?ltr=1
https://finance.yahoo.com/quote/REM?p=REM& ncid=yahooproperties_peoplealso_km0o32z3jzm
What is the largest REIT ETF in the US?
The largest REIT ETF is the Schwab U.S. REIT ETF SCHH with $5.92B in assets. In the last trailing year, the best-performing REIT ETF was VPN at 10.18%. The most recent ETF launched in the REIT space was the SRH REIT Covered Call ETF SRHR on 11/01/23. REIT ETFs hold exclusively real estate investments trusts (REITs).
chartiskao ( Date: 27-Nov-2023 15:28) Posted:
| own big companies in australia
1.46% |
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https://finance.yahoo.com/quote/mort?ltr=1
https://finance.yahoo.com/quote/REM?p=REM& ncid=yahooproperties_peoplealso_km0o32z3jzm
What is the largest REIT ETF in the US?
The largest REIT ETF is the Schwab U.S. REIT ETF SCHH with $5.92B in assets. In the last trailing year, the best-performing REIT ETF was VPN at 10.18%. The most recent ETF launched in the REIT space was the SRH REIT Covered Call ETF SRHR on 11/01/23. REIT ETFs hold exclusively real estate investments trusts (REITs).
chartiskao ( Date: 27-Nov-2023 15:28) Posted:
own big companies in australia
1.46%
chartiskao ( Date: 27-Nov-2023 15:06) Posted:
no more poor people in sg
https://www.youtube.com/watch?v=z6vvVSDnM4 |
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own big companies in australia
1.46%chartiskao ( Date: 27-Nov-2023 15:06) Posted:
no more poor people in sg
https://www.youtube.com/watch?v=z6vvVSDnM4U
chartiskao ( Date: 27-Nov-2023 14:33) Posted:
| will the dollar recover from the shorting?
https://www.marketwatch.com/investing/stock/5?countrycode=hk
https://www.marketwatch.com/investing/stock/btou?countrycode=sg
https://www.investing.com/currencies/usd-sgd
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no more poor people in sg
https://www.youtube.com/watch?v=z6vvVSDnM4U
chartiskao ( Date: 27-Nov-2023 14:33) Posted:
| will the dollar recover from the shorting?
https://www.marketwatch.com/investing/stock/5?countrycode=hk
https://www.marketwatch.com/investing/stock/btou?countrycode=sg
https://www.investing.com/currencies/usd-sgd
chartiskao ( Date: 27-Nov-2023 14:07) Posted:
https://mothership.sg/2018/06/hong-kong-investors-suntec-city/
https://www.youtube.com/watch?v=ssrrUPJbZlo
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