Great Eastern

In print this week

Health insurers accountable for higher costs; industry reforms, checks and balances needed

SINGAPORE (Aug 6): When K Leela, 68, was diagnosed with kidney failure about a decade ago, she panicked about the cost. The homemaker needs to have dialysis at least twice a week, for life. Her husband works as a hotel bellhop, and they have three childre

Startups, Entrepreneurs, Digital economy

AI healthcare startup UCARE.AI secures $8.2 mil funding

SINGAPORE (May 16): UCARE.AI, a Singapore-based artificial intelligence (AI) healthcare startup, has recently concluded its Series A funding, bringing total investment to $8.2 million to date.

Great Eastern may sell Malaysian operations for close to US$1 bil

SINGAPORE (Sept 19): Singapore’s Great Eastern Holdings is said to have engaged at least one Malaysian bank to explore selling its stake in its Malaysian operations for as much as US$1 billion ($1.35 billion).

18 new companies join Singapore’s Top 75 employers for 2017

SINGAPORE (March 21): Great Eastern, Mapletree Group and NTUC Income are three homegrown organisations that can be spotted for the first time among Singapore’s top 75 list of companies this year, according to the latest employer brand research data from

Stocks To Watch

Manulife US REIT, Great Eastern, SingPost, ComfortDelGro, Oxley, UE, HPH Trust

SINGAPORE (Feb 13): Here are some stocks that could move the market this Monday morning.

Results

Great Eastern’s FY16 earnings down 25% to $589.3 mil

SINGAPORE (Feb 13): Great Eastern Holdings has declared an 11% decline in 4Q16 earnings to $195.2 million, mainly due to lower operating and non-operating profit brought about by unrealised fair value losses from the valuation of assets and liabilities.

Broker's Calls

United Engineers sale a boon for investors

SINGAPORE (Oct 27): UOB Kay Hian has initiated coverage on United Engineers (UE) , rating it a “buy” call with a target price of $2.96, citing the sale of the OCBC and Great Eastern stake a matter of when and not if.

Market Close

STI closes 0.9% lower at 2,828.27

SINGAPORE (Oct 26): Singapore stocks closed lower on Wednesday as earnings season gets underway and investors tread cautiously.

Broker's Calls

UE's property portfolio a treasure trove for potential buyers

SINGAPORE (Oct 13): DBS Research is maintaining a target price of $2.75 on United Engineers (UE) on news that OCBC and Great Eastern is mulling a sale of their collective 32% stake in the engineering developer, which will trigger a mandatory general offer

UE says not aware of undisclosed information behind unusual trading

SINGAPORE (Oct 5): Other than the joint announcement by Oversea-Chinese Banking Corp and Great Eastern Holdings on Sept 26 and the announcement by OUE on Wednesday, United Engineers says it is not aware of any undisclosed information that could explain it
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