OCBC

OCBC makes privatisation bid for Great Eastern with $25.60 offer price - THE EDGE SINGAPORE

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.
OCBC 1QFY2024 net profit up 22% q-o-q, 5% y-o-y to $1.98 bil - THE EDGE SINGAPORE

Results

OCBC 1QFY2024 net profit up 22% q-o-q, 5% y-o-y to $1.98 bil

Net interest margin (NIM) fell 2 bps q-o-q and 3 bps y-o-y to 2.27% during the quarter.

Bonds and treasuries

Stable Asia dollar and Singdollar credit markets despite rates staying higher for longer

Credit dispersion increased in the Asiadollar space during April
In the 2020s, financial conglomerate/ conglomerate model is not for everyone    - THE EDGE SINGAPORE

Finance

In the 2020s, financial conglomerate/conglomerate model is not for everyone

The financial conglomerate structure is not for everyone in the 2020s; some see it as left over from the 20th century.
OCBC ‘not in the business of providing liquidity’ for Great Eastern - THE EDGE SINGAPORE

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.”

Bonds and treasuries

Singdollar credit market: Defensive composition, decent returns, defining strategies

The Singdollar credit market could remain interesting in this market
Minority shareholders would like GEH management to be rewarded with a GEH share option scheme  - THE EDGE SINGAPORE

Finance

Minority shareholders would like GEH management to be rewarded with a GEH share option scheme

SIAS receives replies from Great Eastern's board on observations and questions posed on March 7
OCBC to waive fee on loans issued to women-led SMEs in Singapore under new programme - THE EDGE SINGAPORE

Banking & finance

OCBC to waive fee on loans issued to women-owned SMEs in Singapore under new programme

The OCBC Women Entrepreneurs Programme marks the first scheme dedicated to women entrepreneurs by a Singapore bank.
Singapore banks' asset quality 'may not fall out of favour' in 2024: Bloomberg Intelligence - THE EDGE SINGAPORE

Broker's Calls

Singapore banks' asset quality 'may not fall out of favour' in 2024: Bloomberg Intelligence

Singapore's three banks could see higher levels of non-performing loans and credit costs in 2024 amid macroeconomic risks.
Investors 'disappointed'? OCBC's 'sector-leading' CET-1 reserves overshadow 'solid' FY2023 results: analysts - THE EDGE SINGAPORE

Investing ideas

Investors 'disappointed'? OCBC's 'sector-leading' CET-1 reserves overshadow 'solid' FY2023 results: analysts

OCBC’s dividend payout ratio of 53% caps off record earnings of $7.02 billion for FY2023, up 27% y-o-y.
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