Oversea-Chinese Banking Corp

A reset, reboot and revalue from MSCI's 'killer blow' - THE EDGE SINGAPORE

Global Markets

A reset, reboot and revalue from MSCI's 'killer blow'

Many SGX companies have undergone structural transformation and the results are showing up in their share prices
OCBC's offer for GEH opportune following switch to IFRS 17, offer is too low say minorities - THE EDGE SINGAPORE

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.
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
Pan-United maintains buybacks; OCBC tightens hold over Great Eastern - THE EDGE SINGAPORE

Insider moves

Pan-United maintains buybacks; OCBC tightens hold over Great Eastern

As at Dec 31, 2022, Pan-United's net asset value stood at 30.3 cents
Great Eastern Holdings free float falls further with OCBC acquiring 2.3 million shares - THE EDGE SINGAPORE

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%

Regulatory Action

MAS imposes 5-year prohibition order on 6 former Great Eastern agents

They reduced their income taxes by $124,6481 for the 2018 and 2019 years of assessment.
No sustained recovery yet for banks and financial institutions  - THE EDGE SINGAPORE

Right Timing

No sustained recovery yet for banks and financial institutions

DBS and UOB's share prices could be headed lower providing long term investors an opportunity to accumulate
PhillipCapital's Chew picks banks, Singtel and coal plays - THE EDGE SINGAPORE

Global Markets

PhillipCapital's Chew picks banks, Singtel and coal plays

Banks will benefit from higher rates; coal miners will see support from new buying by the Europeans
Banks’ results: interest rate trends positive for net interest income, despite impact on HQLA and headwinds    - THE EDGE SINGAPORE

Banking & finance

Banks’ results: interest rate trends positive for net interest income, despite impact on HQLA and headwinds

Banks expect positive impact on net interest income from rising rates despite inflationary pressures

Results

Almost in sync, all three Singapore banks report y-o-y earnings drop of 10% for 1QFY2022

All three Singapore banks have reported a 10% y-o-y drop for their 1Q earnings
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