OCBC
Stocks to watch: OCBC, SingPost, Sembcorp
THE following companies saw new developments that may affect the trading of their securities on Monday (Dec 30):
OCBC sells stake in Hong Kong Life Insurance for HK$589.3 million
The sale is not expected to have an impact on the group’s net tangle assets or earnings per shareOCBC has agreed to sell its entire stake in Hong Kong...
SingPost shares tumble over 10%; OCBC lowers target price after fiasco
SOME analysts left their ratings on Singapore Post (SingPost) unchanged on Monday (Dec 23), although corporate governance issues were raised as a risk following a fiasco at the company...
OCBC to pay out S$7.5 million in second cost-of-living bonus for junior staff
FOR the second year in a row, OCBC will be giving out a one-off payment to its junior employees to help them cope with ongoing cost-of-living pressures. About S$7.5...
OCBC, UOB to pay out second cost-of-living bonuses for junior staff
FOR the second year in a row, OCBC and UOB will each be giving out a one-off payment to its junior employees to help them cope with ongoing cost-of-living...
Panin Bank acquisition could add 2-3% to DBS or OCBC profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total assets of S$19.4 billionA FULL takeover...
Dissident minority investor calls on OCBC to unlock value by distributing Great Eastern stake
The bank says Great Eastern remains integral to its strategy, but a distribution of the insurance unit’s shares may be the most sensible way to resolve its trading suspensionFORMER...
DBS, OCBC, UOB, Maybank syndicating Singapore’s biggest loan of S$12 billion for Marina Bay Sands
The 7-year facility, which will be syndicated to other financiers, will refinance an existing S$4b borrowingMARINA Bay Sands is seeking a loan of around S$12 billion, in what would...
