OCBC Bank    Last:23.94    -0.59

3988 hk and its hk share listing

• 2006:  BOC' s listing on the  Hong Kong Stock Exchange  on 1 June 2006, was the largest  IPO  since 2000 and the fourth largest IPO ever, raising some US$9.7  billion in the H-share Global Offering. The Over-Allotment Option was then exercised on 7 June 2006, raising the total value of their IPO to US$11.2  billion.^[28]  BOC also made a successful IPO in mainland China on 5 July 2006, offering up to 10  billion A-shares on the  Shanghai A Stock Exchange  for RMB20  billion (US$2.5  billion). BOC also bought  Singapore Airlines' s stake in  Singapore Aircraft Leasing Enterprise, renaming it  BOC Aviation  in 2007.
• 2008:  Bank of China buys a 20 percent stake in La  Compagnie Financiè re Edmond de Rothschild  (LCFR) for 236.3  million euros (US$340  million)
• 2001-2007:  Massive staff layoffs and paycuts in BOC Singapore Branch, culminating in 2007 with branch head Zhu Hua being asked to leave by the Monetary Authority of Singapore for his poor performance. He was replaced by  Liu Yan Fen.
• https://www.hkex.com.hk/-/media/HKEX-Market/News/News-Release/2023/230822news/30H-Factsheet.pdf
• https://www.boc.cn/en/investor/ir4/201501/t20150114_4462767.html#:~:text=IPO%20of%20The%20Security%3A%20On,with%202.95HKD%20per%20share.

chartiskao      ( Date: 02-Apr-2024 10:29) Posted: how money was siphoned out of china in the early vie one bank https://www.huale.tv/vodplay/202987-2-23.html chartiskao      ( Date: 02-Apr-2024 10:25) Posted: 08:48 AM EDT, 03/29/2024 (MT Newswires) -- Bank of China (HKG:3988, SHA:601988) recorded a 2.38% rise in attributable profit for the year ended Dec. 31, 2023, to 231.9 billion yuan from 226.52 billion yuan in 2022, a filing posted on the Hong Kong bourse on Thursday stated. Basic earnings were 0.74 yuan per share during the year, up from 0.72 yuan per share in 2022, according to the filing. Analysts polled by Visible Alpha estimated diluted earnings per share at 0.75 yuan. The lender saw a net interest income of 466.55 billion yuan during 2023, up 1.58% from 459.27 billion yuan in 2022. Visible Alpha analysts forecast net interest income at 469.44 billion yuan. The bank has proposed a final dividend of 2.364 yuan per 10 shares for 2023, subject to shareholder approval. Here' s a summary of the key financial information for Bank of China for the year ended December 31, 2023, based on the provided news report: Attributable Profit: Bank of China recorded a 2.38% increase in attributable profit, rising to 231.9 billion yuan from 226.52 billion yuan in 2022. Earnings Per Share (EPS): Basic earnings per share increased to 0.74 yuan per share in 2023 from 0.72 yuan per share in 2022. Analysts estimated diluted earnings per share at 0.75 yuan, according to Visible Alpha. Net Interest Income: The bank reported a net interest income of 466.55 billion yuan for 2023, up 1.58% from 459.27 billion yuan in 2022. Visible Alpha analysts forecasted net interest income at 469.44 billion yuan. Dividend: Bank of China proposed a final dividend of 2.364 yuan per 10 shares for the year 2023, pending shareholder approval. Overall, Bank of China' s financial performance for 2023 showed moderate growth in attributable profit and net interest income compared to the previous year. The proposed dividend indicates the bank' s commitment to returning value to its shareholders.

 

how money was siphoned out of china in the early vie one bank
https://www.huale.tv/vodplay/202987-2-23.html

chartiskao      ( Date: 02-Apr-2024 10:25) Posted: 08:48 AM EDT, 03/29/2024 (MT Newswires) -- Bank of China (HKG:3988, SHA:601988) recorded a 2.38% rise in attributable profit for the year ended Dec. 31, 2023, to 231.9 billion yuan from 226.52 billion yuan in 2022, a filing posted on the Hong Kong bourse on Thursday stated. Basic earnings were 0.74 yuan per share during the year, up from 0.72 yuan per share in 2022, according to the filing. Analysts polled by Visible Alpha estimated diluted earnings per share at 0.75 yuan. The lender saw a net interest income of 466.55 billion yuan during 2023, up 1.58% from 459.27 billion yuan in 2022. Visible Alpha analysts forecast net interest income at 469.44 billion yuan. The bank has proposed a final dividend of 2.364 yuan per 10 shares for 2023, subject to shareholder approval. Here' s a summary of the key financial information for Bank of China for the year ended December 31, 2023, based on the provided news report: Attributable Profit: Bank of China recorded a 2.38% increase in attributable profit, rising to 231.9 billion yuan from 226.52 billion yuan in 2022. Earnings Per Share (EPS): Basic earnings per share increased to 0.74 yuan per share in 2023 from 0.72 yuan per share in 2022. Analysts estimated diluted earnings per share at 0.75 yuan, according to Visible Alpha. Net Interest Income: The bank reported a net interest income of 466.55 billion yuan for 2023, up 1.58% from 459.27 billion yuan in 2022. Visible Alpha analysts forecasted net interest income at 469.44 billion yuan. Dividend: Bank of China proposed a final dividend of 2.364 yuan per 10 shares for the year 2023, pending shareholder approval. Overall, Bank of China' s financial performance for 2023 showed moderate growth in attributable profit and net interest income compared to the previous year. The proposed dividend indicates the bank' s commitment to returning value to its shareholders.

 

08:48 AM EDT, 03/29/2024 (MT Newswires) -- Bank of China (HKG:3988, SHA:601988) recorded a 2.38% rise in attributable profit for the year ended Dec. 31, 2023, to 231.9 billion yuan from 226.52 billion yuan in 2022, a filing posted on the Hong Kong bourse on Thursday stated.

Basic earnings were 0.74 yuan per share during the year, up from 0.72 yuan per share in 2022, according to the filing. Analysts polled by Visible Alpha estimated diluted earnings per share at 0.75 yuan.
The lender saw a net interest income of 466.55 billion yuan during 2023, up 1.58% from 459.27 billion yuan in 2022. Visible Alpha analysts forecast net interest income at 469.44 billion yuan.
The bank has proposed a final dividend of 2.364 yuan per 10 shares for 2023, subject to shareholder approval.
Here' s a summary of the key financial information for Bank of China for the year ended December 31, 2023, based on the provided news report:

1. Attributable Profit: Bank of China recorded a 2.38% increase in attributable profit, rising to 231.9 billion yuan from 226.52 billion yuan in 2022.
2. Earnings Per Share (EPS):
   • Basic earnings per share increased to 0.74 yuan per share in 2023 from 0.72 yuan per share in 2022.
   • Analysts estimated diluted earnings per share at 0.75 yuan, according to Visible Alpha.
3. Net Interest Income: The bank reported a net interest income of 466.55 billion yuan for 2023, up 1.58% from 459.27 billion yuan in 2022. Visible Alpha analysts forecasted net interest income at 469.44 billion yuan.
4. Dividend: Bank of China proposed a final dividend of 2.364 yuan per 10 shares for the year 2023, pending shareholder approval.

Overall, Bank of China' s financial performance for 2023 showed moderate growth in attributable profit and net interest income compared to the previous year. The proposed dividend indicates the bank' s commitment to returning value to its shareholders.

 

 

Thank you. FY dividend of roughly 0.23 Yuan per share with July ex date.

chartiskao      ( Date: 01-Apr-2024 18:12) Posted: https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0328/2024032802338.pdf MrBear12      ( Date: 01-Apr-2024 07:50) Posted: Having said that, earnings for 2023 missed expectations by about 2 percent. Yield of 8 percent. Dividend payout ratio 40 to 60 percent. I will hold this stock

 

Disclaimer Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arisen from or in reliance upon the whole or any part of the contents of this announcement. Cash Dividend Announcement for Equity Issuer Issuer name BANK OF CHINA LIMITED Stock code 03988 Multi-counter stock code and currency Not applicable Other related stock code(s) and name(s) 04619 Preference Shares Title of announcement Proposed Distribution of Final Dividend for the Year Ended 31 December 2023 and Closure of Register of Members Announcement date 28 March 2024 Status New announcement Information relating to the dividend Dividend type Final Dividend nature Ordinary For the financial year end 31 December 2023 Reporting period end for the dividend declared 31 December 2023 Dividend declared RMB 2.364 per 10 share Date of shareholders' approval To be announced Information relating to Hong Kong share register Default currency and amount in which the dividend will be paid HKD amount to be announced Exchange rate To be announced Ex-dividend date 08 July 2024 Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend 09 July 2024 16:30 Book close period From 10 July 2024 to 16 July 2024 Record date 16 July 2024 Payment date 05 August 2024 Share registrar and its address Computershare Hong Kong Investor Services Limited Rooms 1712&ndash 1716 17th Floor, Hopewell Centre 183 Queen&rsquo s Road East Wanchai Hong Kong EF001 Page 2 of 2 v 1.1.1 Information relating to withholding tax Details of withholding tax applied to the dividend declared To be announced Information relating to listed warrants / convertible securities issued by the issuer Details of listed warrants / convertible securities issued by the issuer Not applicable Other information Other information Not applicable Directors of the issuer As at the date of this announcement, the directors of the Bank are: Ge Haijiao, Liu Jin, Lin Jingzhen, Zhang Yong*, Zhang Jiangang*, Huang Binghua*, Liu Hui*, Shi Yongyan*, Martin Cheung Kong Liao# , Chui Sai Peng

chartiskao      ( Date: 01-Apr-2024 18:12) Posted: https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0328/2024032802338.pdf MrBear12      ( Date: 01-Apr-2024 07:50) Posted: Having said that, earnings for 2023 missed expectations by about 2 percent. Yield of 8 percent. Dividend payout ratio 40 to 60 percent. I will hold this stock

 

https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0328/2024032802338.pdf

MrBear12      ( Date: 01-Apr-2024 07:50) Posted: Having said that, earnings for 2023 missed expectations by about 2 percent. Yield of 8 percent. Dividend payout ratio 40 to 60 percent. I will hold this stock. MrBear12      ( Date: 28-Mar-2024 16:02) Posted: Boc has impressive dividend record but this does not attract investors to its stock. Many are wary of Chinese banks and their exposure to Chinese property.

 

Having said that, earnings for 2023 missed expectations by about 2 percent. Yield of 8 percent. Dividend payout ratio 40 to 60 percent. I will hold this stock.

MrBear12      ( Date: 28-Mar-2024 16:02) Posted: Boc has impressive dividend record but this does not attract investors to its stock. Many are wary of Chinese banks and their exposure to Chinese property.

 

Boc has impressive dividend record but this does not attract investors to its stock. Many are wary of Chinese banks and their exposure to Chinese property.

 

will boc give good dvidends to attract overseas investors in line wit xi policy to lure investments in later result
https://stock.finance.sina.com.cn/hkstock/quotes/03988.html

chartiskao      ( Date: 20-Mar-2024 16:24) Posted: https://links.sgx.com/1.0.0/corporate-announcements/6ZRUFDLQ4RQ9LTAQ/4b572bc03f2440475d036b5660b6ba178debcac6f986d05c3bc67c69b4a7b708 chartiskao      ( Date: 19-Mar-2024 13:43) Posted: https://www.etnet.com.hk/www/eng/stocks/realtime/quote_dividend.php?code=3988 Exposure to Chinese Economy: Bank of China is one of the largest and most prominent banks in China, with significant exposure to the Chinese economy. By investing in BOC shares, investors gain exposure to China' s economic growth potential, which is one of the fastest-growing major economies in the world. Diversification: Investing in BOC shares can provide diversification benefits to an investor' s portfolio. Holding shares in a Chinese bank can diversify away from investments solely focused on Hong Kong or other international markets, potentially reducing overall portfolio risk. Potential for Growth: As China continues to develop and modernize its financial sector, BOC stands to benefit from increased demand for banking and financial services. With its established presence in China and abroad, BOC may have significant growth opportunities in areas such as retail banking, corporate lending, and wealth management. Dividend Income: BOC has a history of paying dividends to its shareholders. For income-seeking investors, investing in BOC shares can provide a source of dividend income, which may be attractive, especially in a low-interest-rate environment. Valuation: Depending on market conditions and investor sentiment, BOC shares may be perceived as attractively valued relative to other investment opportunities. Investors may see potential for capital appreciation if they believe BOC shares are undervalued. Access to Hong Kong Stock Market: Investing in BOC shares listed on the Hong Kong Stock Exchange provides access to one of the world' s leading financial markets. Hong Kong offers liquidity, transparency, and regulatory oversight, making it an attractive destination for international investors seeking exposure to Chinese companies. https://www.cnbc.com/2024/01/17/asia-markets.html

 

https://links.sgx.com/1.0.0/corporate-announcements/6ZRUFDLQ4RQ9LTAQ/4b572bc03f2440475d036b5660b6ba178debcac6f986d05c3bc67c69b4a7b708

chartiskao      ( Date: 19-Mar-2024 13:43) Posted: https://www.etnet.com.hk/www/eng/stocks/realtime/quote_dividend.php?code=3988 Exposure to Chinese Economy: Bank of China is one of the largest and most prominent banks in China, with significant exposure to the Chinese economy. By investing in BOC shares, investors gain exposure to China' s economic growth potential, which is one of the fastest-growing major economies in the world. Diversification: Investing in BOC shares can provide diversification benefits to an investor' s portfolio. Holding shares in a Chinese bank can diversify away from investments solely focused on Hong Kong or other international markets, potentially reducing overall portfolio risk. Potential for Growth: As China continues to develop and modernize its financial sector, BOC stands to benefit from increased demand for banking and financial services. With its established presence in China and abroad, BOC may have significant growth opportunities in areas such as retail banking, corporate lending, and wealth management. Dividend Income: BOC has a history of paying dividends to its shareholders. For income-seeking investors, investing in BOC shares can provide a source of dividend income, which may be attractive, especially in a low-interest-rate environment. Valuation: Depending on market conditions and investor sentiment, BOC shares may be perceived as attractively valued relative to other investment opportunities. Investors may see potential for capital appreciation if they believe BOC shares are undervalued. Access to Hong Kong Stock Market: Investing in BOC shares listed on the Hong Kong Stock Exchange provides access to one of the world' s leading financial markets. Hong Kong offers liquidity, transparency, and regulatory oversight, making it an attractive destination for international investors seeking exposure to Chinese companies. https://www.cnbc.com/2024/01/17/asia-markets.html chartiskao      ( Date: 18-Mar-2024 10:40) Posted: https://tradingeconomics.com/3988:hk https://www.investing.com/equities/bank-of-china-ss-ratios

 

chartiskao      ( Date: 18-Mar-2024 10:40) Posted: https://tradingeconomics.com/3988:hk https://www.investing.com/equities/bank-of-china-ss-ratios chartiskao      ( Date: 15-Feb-2024 10:59) Posted: Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.18 hours ago http://www.aastocks.com/en/stocks/news/aamm-content/aat2402142941/block-traded   https://www.livemint.com/market/stock-market-news/indian-stock-market-to-see-record-inflows-as-india-china-weight-gap-in-msci-index-shrinks-to-historic-low-11707900001739.html   American trying to ah nehised the whole world now https://www.youtube.com/watch?v=CCh5ZxSRJZg

 

chartiskao      ( Date: 15-Feb-2024 10:59) Posted: Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.18 hours ago http://www.aastocks.com/en/stocks/news/aamm-content/aat2402142941/block-traded   https://www.livemint.com/market/stock-market-news/indian-stock-market-to-see-record-inflows-as-india-china-weight-gap-in-msci-index-shrinks-to-historic-low-11707900001739.html   American trying to ah nehised the whole world now https://www.youtube.com/watch?v=CCh5ZxSRJZg chartiskao      ( Date: 07-Feb-2024 09:54) Posted: the very rich middle east money is coming into china market  soon https://www.bnnbloomberg.ca/abu-dhabi-wealth-fund-is-said-to-weigh-stake-in-wanda-mall-unit-1.2031154 Abu Dhabi Wealth Fund Is Said to Weigh Stake in Wanda Mall Unit. Abu Dhabi Investment Authority is considering buying a minority stake in Dalian Wanda Group Co. ' s mall operator, people familiar with the matter said, as the unit revamps its shareholding structure

 

chartiskao      ( Date: 07-Feb-2024 09:54) Posted: the very rich middle east money is coming into china market  soon https://www.bnnbloomberg.ca/abu-dhabi-wealth-fund-is-said-to-weigh-stake-in-wanda-mall-unit-1.2031154 Abu Dhabi Wealth Fund Is Said to Weigh Stake in Wanda Mall Unit. Abu Dhabi Investment Authority is considering buying a minority stake in Dalian Wanda Group Co. ' s mall operator, people familiar with the matter said, as the unit revamps its shareholding structure chartiskao      ( Date: 06-Feb-2024 16:41) Posted: china stock at 1998 low now https://www.straitstimes.com/business/china-tightens-trading-curbs-on-domestic-and-foreign-investors-as-stock-rout-deepens https://www.cnbc.com/quotes/3988-HK

 

the very rich middle east money is coming into china market  soon

chartiskao      ( Date: 06-Feb-2024 16:41) Posted: china stock at 1998 low now https://www.straitstimes.com/business/china-tightens-trading-curbs-on-domestic-and-foreign-investors-as-stock-rout-deepens https://www.cnbc.com/quotes/3988-HK chartiskao      ( Date: 29-Jan-2024 14:43) Posted: The effectiveness of an economic stimulus in China, or any country, depends on various factors, including the nature of the stimulus measures, the overall economic conditions, and the ability of the government to implement and manage the policies. China has a history of using economic stimulus measures to boost its economy during periods of slowdown. The success of these measures often depends on the specific policies implemented. Common stimulus measures include infrastructure spending, tax cuts, monetary policy adjustments, and measures to support consumer spending.

 

china stock at 1998 low now

chartiskao      ( Date: 29-Jan-2024 14:43) Posted: The effectiveness of an economic stimulus in China, or any country, depends on various factors, including the nature of the stimulus measures, the overall economic conditions, and the ability of the government to implement and manage the policies. China has a history of using economic stimulus measures to boost its economy during periods of slowdown. The success of these measures often depends on the specific policies implemented. Common stimulus measures include infrastructure spending, tax cuts, monetary policy adjustments, and measures to support consumer spending.   chartiskao      ( Date: 23-Jan-2024 23:30) Posted: the US and its fed and its printing money exercises and rate hikes exercises https://www.youtube.com/watch?v=d93ogcokpa

 

The effectiveness of an economic stimulus in China, or any country, depends on various factors, including the nature of the stimulus measures, the overall economic conditions, and the ability of the government to implement and manage the policies.
China has a history of using economic stimulus measures to boost its economy during periods of slowdown. The success of these measures often depends on the specific policies implemented. Common stimulus measures include infrastructure spending, tax cuts, monetary policy adjustments, and measures to support consumer spending.
 

chartiskao      ( Date: 23-Jan-2024 23:30) Posted: the US and its fed and its printing money exercises and rate hikes exercises https://www.youtube.com/watch?v=d93ogcokpa4 chartiskao      ( Date: 17-Jan-2024 09:12) Posted: 1 citi share can buy 6 ocbc share at current price and usdsgd 1.343 https://www.cnbc.com/quotes/C if it did not work up just do this https://www.cnbc.com/2009/03/05/stocks-slide-as-citi-breaks-below-1.html

 

the US and its fed and its printing money exercises and rate hikes exercises
https://www.youtube.com/watch?v=d93ogcokpa4

chartiskao      ( Date: 17-Jan-2024 09:12) Posted: 1 citi share can buy 6 ocbc share at current price and usdsgd 1.343 https://www.cnbc.com/quotes/C if it did not work up just do this https://www.cnbc.com/2009/03/05/stocks-slide-as-citi-breaks-below-1.html chartiskao      ( Date: 15-Jan-2024 14:01) Posted: when will kerry property become allgreen property in sgx again? https://www.cnbc.com/quotes/683-HK Incorporated in 1986, Allgreen was listed on the Singapore Stock Exchange in May 1999 and was then majority owned by the Kuok Group. It was delisted in August 2011 from the Singapore Stock Exchange following its compulsory acquisition by Brookvale Investments Pte Ltd (which is part of the Kuok Group of companies). https://sg.news.yahoo.com/kuok-group-acquire-shares-allgreen-160000353.html

 

1 citi share can buy 6 ocbc share at current price and usdsgd 1.343

chartiskao      ( Date: 15-Jan-2024 14:01) Posted: when will kerry property become allgreen property in sgx again? https://www.cnbc.com/quotes/683-HK Incorporated in 1986, Allgreen was listed on the Singapore Stock Exchange in May 1999 and was then majority owned by the Kuok Group. It was delisted in August 2011 from the Singapore Stock Exchange following its compulsory acquisition by Brookvale Investments Pte Ltd (which is part of the Kuok Group of companies). https://sg.news.yahoo.com/kuok-group-acquire-shares-allgreen-160000353.html chartiskao      ( Date: 12-Jan-2024 10:57) Posted: http://www.lrrb.cn/shareholiderDetail/9666.html http://wenhui.whb.cn/zhuzhan/xinwen/20190117/236416.html

 

when will kerry property become allgreen property in sgx again?

chartiskao      ( Date: 12-Jan-2024 10:57) Posted: http://www.lrrb.cn/shareholiderDetail/9666.html http://wenhui.whb.cn/zhuzhan/xinwen/20190117/236416.html chartiskao      ( Date: 11-Jan-2024 12:08) Posted: really hope JB can slove its transportation and connectivity issues within the JB state and make it the Shenzhen in this part of the region(for indonesia and indonesia) [KUALA LUMPUR] Johor, the southernmost state in Malaysia, is finding itself in the regional spotlight these days as it builds momentum towards its aim of achieving the type of success that Shenzhen has enjoyed. For some years now, Johor has harboured ambitions of being able to flourish in the same vein as the Chinese city, in what some commentators have labelled as the &ldquo Shenzhentrification&rdquo of Johor. Johor chief minister Onn Hafiz Ghazi said last September that this vision could be realised with the establishment of the new Johor-Singapore special economic zone (SEZ). He noted how Shenzhen, in the four decades after it became an SEZ, had transformed from a city of just 300,000 people to a modern high-tech metropolis with a population of more than 17 million. Singapore and Malaysia are set to sign a memorandum of understanding on Thursday (Jan 11) for the Johor-Singapore SEZ. At a leaders&rsquo retreat last October, Prime Minister Lee Hsien Loong said the SEZ should improve cross-border goods flows, which may mean special tax arrangements and bonded warehouses as well as the flow of people who work on both sides, with SEZ investor companies also &ldquo able to get personnel they need&rdquo . SEE ALSO Singapore, Malaysia ink MOU on Johor-Singapore Special Economic Zone Your feedback is important to us Tell us what you think. Email us at  [email protected] It was reported last week that Johor&rsquo s state government has proposed that its business hub Iskandar Malaysia be designated as the site of the Johor-Singapore SEZ. Analysts say that key to Johor&rsquo s longer-term success will be the extent to which it can attract more investments. Last August, Malaysia&rsquo s Prime Minister Anwar Ibrahim said the government would create a special financial zone in the Forest City area in Iskandar Puteri to boost investment and economic growth in Johor. He announced incentives such as a lower income tax rate of 15 per cent for skilled workers and the provision of multiple-entry visas. Wong Chin Yoong, an economics professor of the Universiti Tunku Abdul Rahman Malaysia, said that strong political will and having sustainable policies would be the pull factors to attract investors to Johor. As many high-growth and high-value investments take at least 10 years to realise, he stressed the need for policy certainty that will assure investors that their plans would not be affected, such as by a change of government in Malaysia. Wong noted that the establishment of the SEZ should be seen as a joint bilateral effort to collaborate and to attract investment to the region. &ldquo (Malaysia has) always viewed our Asean peers as competitors, but together we can be stronger. Instead of competing with Singapore, Johor can play a complementary role to Singapore and (provide things) such as production facilities and workers,&rdquo he said. JB&rsquo s transformation Loong Kok Wen, the head of the regional property sector at RHB Investment Bank, visited Johor Bahru twice in 2023 &ndash 10 years after her last trip to the city &ndash and was impressed by the many developments and business activities there. &ldquo Johor Bahru has evolved from a town centre into a city. You can feel the momentum on the ground, the way people are spending, and there are new property launches targeting the middle and high-income group,&rdquo she said. Loong attributed the robust growth to the strong Singapore dollar and the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link. The latter &ndash a 4km rail shuttle service that has an estimated development cost of RM10 billion (S$2.9 billion) &ndash is under construction and is expected to be operational by the end of 2026. It is expected to ferry as many as 10,000 passengers per hour in each direction when it begins service in end-2026. The close proximity to Singapore remains Johor&rsquo s biggest advantage over other cities in the region, said Loong. This strategic location has attracted many multinational companies to Malaysia&rsquo s southern tip, including tech giants Microsoft and Nvidia, which have announced plans to build data centres in Johor. &ldquo This has spurred demand for industrial land in Johor, especially in established industrial areas such as Sedenak and Kulai,&rdquo she said. She noted that asking prices for industrial plots increased to more than RM120 per square feet in 2023, from RM80 previously. Rising property prices and rentals in Singapore have also resulted in more Malaysians who work in Singapore to relocate to Johor Bahru in recent years, usually at the city centre or in housing areas nearer to the Second Link in Tuas. Johor Bahru Chinese Chamber of Commerce and Industry president Low Kueck Shin said the Singapore dollar &ndash which is worth about RM3.50 &ndash makes it attractive for workers in Singapore to spend in Johor or other states in Malaysia. The ringgit depreciated by nearly 6 per cent against the Singdollar last year. At its lowest, the ringgit traded at RM3.53 on Dec 13, 2023. Even with the RTS and SEZ, Low felt that more needs to be done to ensure that Johor&rsquo s economy can continue to grow and be able to take advantage of the proximity to Singapore. &ldquo Nurturing and retaining talent is one of the keys to continue attracting high value investments to Johor,&rdquo he said. Loong noted that the potentially larger catalyst for Johor would be a revival of the terminated Kuala Lumpur-Singapore high speed rail (HSR). The project, should it ever be realised, would fuel the construction sector and other related industries in the short to medium term, as well as generating more economic benefits for both countries, he said. Last November, Malaysia&rsquo s next king, Johor ruler Sultan Ibrahim Iskandar was quoted in  The Straits Times  as saying that he wants to revive the HSR project, which was terminated in 2021. He wants to realign the HSR to run through Forest City, a development by Chinese real estate developer Country Garden. The revival of the HSR has been discussed on several occasions since Anwar took office in November 2022. But observers noted that as much as the government is keen to do so, funding the expensive construction costs will be a big issue. Malaysia&rsquo s debt and liabilities has reached RM1.5 trillion, which is about 82 per cent of total gross domestic product. The country&rsquo s Transport Minister Anthony Loke had previously said that the HSR&rsquo s revival was possible, but it could only work if it is based on private sector financing. &ldquo With the HSR, it will be a game changer to the mobility of goods and people as it&rsquo s no longer limited to Johor Bahru and Singapore, but (the connectivity) between other states in Peninsula Malaysia and Singapore,&rdquo said RHB&rsquo s Loong. KEYWORDS IN THIS ARTICLE Anwar Ibrahim  Forest City  Asean  Asean Business  Construction

 

chartiskao      ( Date: 11-Jan-2024 12:08) Posted: really hope JB can slove its transportation and connectivity issues within the JB state and make it the Shenzhen in this part of the region(for indonesia and indonesia) [KUALA LUMPUR] Johor, the southernmost state in Malaysia, is finding itself in the regional spotlight these days as it builds momentum towards its aim of achieving the type of success that Shenzhen has enjoyed. For some years now, Johor has harboured ambitions of being able to flourish in the same vein as the Chinese city, in what some commentators have labelled as the &ldquo Shenzhentrification&rdquo of Johor. Johor chief minister Onn Hafiz Ghazi said last September that this vision could be realised with the establishment of the new Johor-Singapore special economic zone (SEZ). He noted how Shenzhen, in the four decades after it became an SEZ, had transformed from a city of just 300,000 people to a modern high-tech metropolis with a population of more than 17 million. Singapore and Malaysia are set to sign a memorandum of understanding on Thursday (Jan 11) for the Johor-Singapore SEZ. At a leaders&rsquo retreat last October, Prime Minister Lee Hsien Loong said the SEZ should improve cross-border goods flows, which may mean special tax arrangements and bonded warehouses as well as the flow of people who work on both sides, with SEZ investor companies also &ldquo able to get personnel they need&rdquo . SEE ALSO Singapore, Malaysia ink MOU on Johor-Singapore Special Economic Zone Your feedback is important to us Tell us what you think. Email us at  [email protected] It was reported last week that Johor&rsquo s state government has proposed that its business hub Iskandar Malaysia be designated as the site of the Johor-Singapore SEZ. Analysts say that key to Johor&rsquo s longer-term success will be the extent to which it can attract more investments. Last August, Malaysia&rsquo s Prime Minister Anwar Ibrahim said the government would create a special financial zone in the Forest City area in Iskandar Puteri to boost investment and economic growth in Johor. He announced incentives such as a lower income tax rate of 15 per cent for skilled workers and the provision of multiple-entry visas. Wong Chin Yoong, an economics professor of the Universiti Tunku Abdul Rahman Malaysia, said that strong political will and having sustainable policies would be the pull factors to attract investors to Johor. As many high-growth and high-value investments take at least 10 years to realise, he stressed the need for policy certainty that will assure investors that their plans would not be affected, such as by a change of government in Malaysia. Wong noted that the establishment of the SEZ should be seen as a joint bilateral effort to collaborate and to attract investment to the region. &ldquo (Malaysia has) always viewed our Asean peers as competitors, but together we can be stronger. Instead of competing with Singapore, Johor can play a complementary role to Singapore and (provide things) such as production facilities and workers,&rdquo he said. JB&rsquo s transformation Loong Kok Wen, the head of the regional property sector at RHB Investment Bank, visited Johor Bahru twice in 2023 &ndash 10 years after her last trip to the city &ndash and was impressed by the many developments and business activities there. &ldquo Johor Bahru has evolved from a town centre into a city. You can feel the momentum on the ground, the way people are spending, and there are new property launches targeting the middle and high-income group,&rdquo she said. Loong attributed the robust growth to the strong Singapore dollar and the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link. The latter &ndash a 4km rail shuttle service that has an estimated development cost of RM10 billion (S$2.9 billion) &ndash is under construction and is expected to be operational by the end of 2026. It is expected to ferry as many as 10,000 passengers per hour in each direction when it begins service in end-2026. The close proximity to Singapore remains Johor&rsquo s biggest advantage over other cities in the region, said Loong. This strategic location has attracted many multinational companies to Malaysia&rsquo s southern tip, including tech giants Microsoft and Nvidia, which have announced plans to build data centres in Johor. &ldquo This has spurred demand for industrial land in Johor, especially in established industrial areas such as Sedenak and Kulai,&rdquo she said. She noted that asking prices for industrial plots increased to more than RM120 per square feet in 2023, from RM80 previously. Rising property prices and rentals in Singapore have also resulted in more Malaysians who work in Singapore to relocate to Johor Bahru in recent years, usually at the city centre or in housing areas nearer to the Second Link in Tuas. Johor Bahru Chinese Chamber of Commerce and Industry president Low Kueck Shin said the Singapore dollar &ndash which is worth about RM3.50 &ndash makes it attractive for workers in Singapore to spend in Johor or other states in Malaysia. The ringgit depreciated by nearly 6 per cent against the Singdollar last year. At its lowest, the ringgit traded at RM3.53 on Dec 13, 2023. Even with the RTS and SEZ, Low felt that more needs to be done to ensure that Johor&rsquo s economy can continue to grow and be able to take advantage of the proximity to Singapore. &ldquo Nurturing and retaining talent is one of the keys to continue attracting high value investments to Johor,&rdquo he said. Loong noted that the potentially larger catalyst for Johor would be a revival of the terminated Kuala Lumpur-Singapore high speed rail (HSR). The project, should it ever be realised, would fuel the construction sector and other related industries in the short to medium term, as well as generating more economic benefits for both countries, he said. Last November, Malaysia&rsquo s next king, Johor ruler Sultan Ibrahim Iskandar was quoted in  The Straits Times  as saying that he wants to revive the HSR project, which was terminated in 2021. He wants to realign the HSR to run through Forest City, a development by Chinese real estate developer Country Garden. The revival of the HSR has been discussed on several occasions since Anwar took office in November 2022. But observers noted that as much as the government is keen to do so, funding the expensive construction costs will be a big issue. Malaysia&rsquo s debt and liabilities has reached RM1.5 trillion, which is about 82 per cent of total gross domestic product. The country&rsquo s Transport Minister Anthony Loke had previously said that the HSR&rsquo s revival was possible, but it could only work if it is based on private sector financing. &ldquo With the HSR, it will be a game changer to the mobility of goods and people as it&rsquo s no longer limited to Johor Bahru and Singapore, but (the connectivity) between other states in Peninsula Malaysia and Singapore,&rdquo said RHB&rsquo s Loong. KEYWORDS IN THIS ARTICLE Anwar Ibrahim  Forest City  Asean  Asean Business  Construction    chartiskao      ( Date: 29-Dec-2023 09:43) Posted: it is time to switched from venture share into ocbc share after last two monet AI' s rally in the US Market Summary  >   Venture Corporation Ltd 13.60 SGD &minus 0.050 (0.37%) todayand ocbc share $13.04