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Great Eastern Holdings (GEH)
Broker's Calls
Citi maintains ‘neutral’ call on OCBC after Great Eastern’s proposed acquisitions
To analyst Tan Yong Hong, the deal is likely to be immaterial to GEH’s financials but will be capital accretive for AMMB.
October 03, 2023
Electric vehicles
Great Eastern launches standalone electric vehicle insurance plan
This comes at a time when Singapore is transitioning towards cleaner energy supplies for transport.
September 06, 2023
Results
Great Eastern Holdings reports earnings of $193.2 mil for 2QFY2023, up 251% y-o-y
An interim dividend of 35 cents per share has been declared. It will be paid out on Aug 31.
August 03, 2023
Broker's Calls
'Little financial impact' if Great Eastern proceeds with 'bite-sized' acquisition of AmMetLife: Citi
Ahead of DBS and OCBC's earnings on Aug 3 and 4, one Citi Research analyst maintains his “pair trade idea”, favouring OCBC.
August 02, 2023
M&A
Great Eastern confirms it is in talks to buy Malaysian insurer AmMetLife
Great Eastern says discussions for the acquisition are “currently ongoing” but the process is “at a preliminary stage”.
August 01, 2023
M&A
OCBC’s Great Eastern in talks to buy MetLife Malaysian arm, sources say
The subsidiary of OCBC is said to be conducting due diligence on AmMetLife Insurance Bhd. and seeking regulatory approval.
July 31, 2023
Banking & finance
Great Eastern Holdings free float falls further with OCBC acquiring 2.3 million shares
OCBC snaps up 2.3 million shares in Great Eastern Holdings taking its stake to 88.4%
June 19, 2023
Broker's Calls
JP Morgan sees downside to OCBC's results following 'soft' results from Great Eastern
OCBC will be reporting its 1QFY2023 results on May 10.
May 08, 2023
Results
Great Eastern Holdings reports earnings of $244.0 mil for 1QFY2023
Shares in Great Eastern closed 19 cents higher or 1.11% up at $17.28 on May 4.
May 05, 2023
Company in the news
OCBC board keen on talks with GEH to align dividend policies: AGM
“I think there could be dialogue between us and Great Eastern on dividends,” says OCBC chairman Andrew Lee at the bank's AGM.
April 26, 2023