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Great Eastern Holdings (GEH)
Banking & finance
‘Not cheap’, ‘no value’ but market excited: OCBC’s GEH bid divides analysts
“We are unclear of incremental synergies that could accrue by acquiring the 11.56% of GEH that OCBC does not already own.”
May 16, 2024
Banking & finance
AIA targets higher dividends; Prudential aims for 15%-20% CAGR
Based on 1QFY2024 results for the January-March quarter, AIA Group comes out ahead as investors’ favourite.
May 16, 2024
Right Timing
Despite hiccups, local banks stay resilient with STI well-supported
Focus on banks and GEH continue to underpin STI; China Leaders ETF to test 2023 high.
May 10, 2024
Company in the news
With 1% stake in Great Eastern, Malaysia's Sungei Bagan Rubber Co sees shares jump to record high
The estimated proceeds of RM426.88 million is more than its existing market capitalisation of RM371.46 million.
May 10, 2024
Company in the news
Great Eastern shares extend gains to trade slightly above OCBC's offer price
The close price — a five-year high — follows OCBC’s $1.4 billion privatisation bid, announced pre-market.
May 10, 2024
Offer
OCBC makes privatisation bid for Great Eastern with $25.60 offer price
OCBC has announced a $1.4 billion voluntary unconditional general offer for the 11.56% stake in GEH it does not currently own.
May 10, 2024
Singapore news
DBS remains as Singapore’s most valuable brand, while MBS becomes strongest brand in 2024
This year, DBS's brand value rose by 5% y-o-y to US$11 billion ($14.88 billion), making it Singapore's most valuable brand.
May 07, 2024
Banking & finance
OCBC ‘not in the business of providing liquidity’ for Great Eastern
“We have no direct interest in stimulating Great Eastern liquidity or share price.”
May 02, 2024
Results
Great Eastern reports 26% higher profit of $306.7 mil for 1QFY2024
Total weighted new sales rose by 34% y-o-y to $524.2 million for the quarter.
April 29, 2024
Results
Great Eastern reports 3QFY2023 earnings of $180.2 mil, 21% higher y-o-y
Earnings for the 9MFY2023 surged by 65% y-o-y to $617.4 million.
November 01, 2023