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OCBC
Insider moves
OCBC and UOB in active buybacks; largest shareholder of Oceanus raises stake
The two banks are actively buying back shares even as their share prices are around record levels
June 06, 2024
Asean
Chinese firms with ‘China+N’ strategy looking into prospects in Malaysia, Indonesia: OCBC China CEO
Many Chinese firms are considering the suitability of expanding into Malaysia and Indonesia, and not just Vietnam and Thailand.
May 29, 2024
Environmental, Social and Governance
Hong Kong market second-largest contributor to OCBC’s sustainable loan commitments after S’pore
OCBC group CEO Helen Wong stated last May that she will not raise the bank’s sustainable finance loan commitment target further.
May 29, 2024
Banking & finance
OCBC to invest HK$1.5 bil into tech and facilities across Greater China, hire 300 software engineers in China
In addition, Bank of Singapore’s Hong Kong branch aims to grow AUM by 50% by 2026, compared to end-2023 figures.
May 29, 2024
M&A
Great Eastern’s 20th anniversary puzzler
OCBC’s $1.4 billion bid to take GEH has divided analysts and minority shareholders. How does the bid compare with previous deals?
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
Broker's Calls
OCBC’s spike in new non-performing assets shows modest stress ahead: Bloomberg Intelligence
In 1QFY2024, OCBC's new non-performing assets (NPA) formation of $239 million outpaced its 2023 average of $140 million.
May 10, 2024
Banking & finance
OCBC's offer for GEH opportune following switch to IFRS 17; offer is too low, say minorities
OCBC has made its third offer for GEH after the switch to IFRS17 shaves $2 billion off shareholders equity.
May 10, 2024