0
0.0
May 27, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
chanyaporn: that depends on ocbc . there is some chance, analysts think, that ocbc may do that a little bit but the threshold to cross for takeover is quite low for ocbc because the company already owns more than 88% of great easton. once ocbc acquires up to 90%, there's a chance that that share will get suspended and we will go from there. haslinda: you have to wonder how this might play out. chanyaporn: yes. it is a bigger -- it is a very big takeover deal we should watch over over the next few months. haslinda: what are some of the things that you are watching out for? chanyaporn: we would have to look -- we will have to look at the time when the physical offer is dispatched to shareholders and see the number of shareholders, how many of them will accept the price. so we will watch after the 90% threshold is crossed. that's a significant point to share. haslinda: what does it mean for ocbc shares in the coming months do you think? how might that play out? chanyaporn: that's a very question, haslinda. it has been ben
chanyaporn: that depends on ocbc . there is some chance, analysts think, that ocbc may do that a little bit but the threshold to cross for takeover is quite low for ocbc because the company already owns more than 88% of great easton. once ocbc acquires up to 90%, there's a chance that that share will get suspended and we will go from there. haslinda: you have to wonder how this might play out. chanyaporn: yes. it is a bigger -- it is a very big takeover deal we should watch over over the next...
0
0.0
May 10, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
>> i think this is in line with ocbc's strategy tiktok on rising asian wealth. it already has hubs in singapore and hong kong and dubai and this move could help solidify its leadership position in wealth management. the offer is 1.4 billion senior dollars. this is for the remaining stake of greater easton. it's a 30% premium from the last traded price. the plan is to do list greater easton eventually. i think this will help ocbc to keep up with the likes of dps and uob which have been working to integrate citigroup's retail businesses, their units in asia. and bloomberg analysts also believe that ocbc does still have a pretty strong capital position amid all this. among the three lenders, it is seen as the one with the greatest capital strength. if you look at its core tier one buffers, it is biggest. so this is the move, i think, in the right direction for ocbc. it is an earnings created for it. haidi: it's been a pretty strong season overall for the singaporean foreign lenders. avril: indeed. we have gotten a couple of earnings beats already from the likes of
>> i think this is in line with ocbc's strategy tiktok on rising asian wealth. it already has hubs in singapore and hong kong and dubai and this move could help solidify its leadership position in wealth management. the offer is 1.4 billion senior dollars. this is for the remaining stake of greater easton. it's a 30% premium from the last traded price. the plan is to do list greater easton eventually. i think this will help ocbc to keep up with the likes of dps and uob which have been...
0
0.0
May 10, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
the latest move might go some ways in helping ocbc keep pace with its peers. those other lenders working to integrate their retail businesses in asia from citigroup here haslinda: earnings being spared at the question is whether that is sustainable going forward. avril: it was not just ocbc that beat. it has been a good quarter for the three of them. i think it allays some of the concerns because wealth trading fees surged. we are seeing the lending revenues be robust. where there is concern, speaking to how sustainable this is, is in the net interest margins. it has come down from the previous quarter at 2.2 7% now. as the funding costs rise, could come under further pressure. they might want to lock in the higher interest rates before the fed turns dovish. we are seeing potential pressure on its asset quality. the spike in the non-for -- and the nonperforming assets is something we are keeping an eye on. haslinda: how does it look for the next 12 months? it is a difficult environment for a lot of the countries. avril: a difficult environment but for the firs
the latest move might go some ways in helping ocbc keep pace with its peers. those other lenders working to integrate their retail businesses in asia from citigroup here haslinda: earnings being spared at the question is whether that is sustainable going forward. avril: it was not just ocbc that beat. it has been a good quarter for the three of them. i think it allays some of the concerns because wealth trading fees surged. we are seeing the lending revenues be robust. where there is concern,...
7
7.0
May 9, 2024
05/24
by
BLOOMBERG
tv
eye 7
favorite 0
quote 0
they expect that this will be earnings, adding to ocbc with a view to do list after that. they are basically increasing their 11.56 stake and that it does not currently own in great eastern holdings. they are talking about the vast opportunities in one of the world's fastest growing regions. that offer price of -- it represents almost a 37% premium over the last price. we didn't really see bloomberg intelligence expecting that the capital strength that ocbc could make more deals. we are seeing that bigger buffer than peers that it has, meaning potentially that ocbc has the further room to expand via m&a and other deals after it did purchase cba's indonesian unit so we did earlier, if you missed that. get the numbers from them. revenue from lending gained. fees surged as well. it was again one of the singaporean and regional lenders that reported profits that beat estimates. you can get that story and the roundup of some of the other stores you need to know to get your day going in today's edition of daybreak. terminal subscribers can find it at dayb and it's in the bl
they expect that this will be earnings, adding to ocbc with a view to do list after that. they are basically increasing their 11.56 stake and that it does not currently own in great eastern holdings. they are talking about the vast opportunities in one of the world's fastest growing regions. that offer price of -- it represents almost a 37% premium over the last price. we didn't really see bloomberg intelligence expecting that the capital strength that ocbc could make more deals. we are seeing...
0
0.0
May 26, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
ocbc says the number is roughly a 40% premium. as joyous pension giants are seeking to diversify its portfolios and boost returns. let's bring in amy bainbridge. what kind of credit products every talking about looking at interests here? amy: good morning. that's right. the australian pensions are looking further into these kind of products to beef up their returns and diversify their portfolios. we know that amp, one of the biggest pensions in private wealth money manager mers -- money managers has recently launched a $300 million debt fund looking at some of these products. looking at credit risk transfer which is one of the different kind of products perhaps more commonly seen in parts of europe that now seems to be making its way to australian shores. especially here as australian pensions continue to grow in size and scale. we know the pension funds are already putting a lot of money into private credit as an asset class. i have had multiple conversations over the past week meeting with funds, talking about their plans. in th
ocbc says the number is roughly a 40% premium. as joyous pension giants are seeking to diversify its portfolios and boost returns. let's bring in amy bainbridge. what kind of credit products every talking about looking at interests here? amy: good morning. that's right. the australian pensions are looking further into these kind of products to beef up their returns and diversify their portfolios. we know that amp, one of the biggest pensions in private wealth money manager mers -- money...
0
0.0
May 20, 2024
05/24
by
CNNW
tv
eye 0
favorite 0
quote 0
we contacted the ocbc, which is the french art crime team in paris. they became our partners in the investigation. and they set up wiretaps, and listening in, and they heard sonny using a code. they were talking about the rembrandt and the vermeer being streets. so the idea was my person in the united states wants to buy something from rembrandt street or vermeer street. and that was the code they were using, thinking that no one could figure out what they were saying. [suspenseful music] sonny said that they had four paintings. these paintings had all been stolen in an armed robbery for the museum of fine arts in nice, france. so sonny said we needed to buy those first. so we set up a meeting in marseille. they brought the paintings and they were arrested. all four paintings were recovered, but my cover was shot. they knew not to try to sell any more paintings to bob, the dealer from the united states. the whole operation falls apart. bob wittman (voiceover): and as a result of my cover being blown, the leads vanished. there was a lot of time and ene
we contacted the ocbc, which is the french art crime team in paris. they became our partners in the investigation. and they set up wiretaps, and listening in, and they heard sonny using a code. they were talking about the rembrandt and the vermeer being streets. so the idea was my person in the united states wants to buy something from rembrandt street or vermeer street. and that was the code they were using, thinking that no one could figure out what they were saying. [suspenseful music] sonny...
0
0.0
May 5, 2024
05/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
taking a look at the lenders, ocbc and you obi -- uob will be reporting the results. more to come here on "daybreak australia." this is bloomberg. ♪ >> taking a look at how u.s. futures are coming on this morning, modest gains so far in the session, backtracking what we had on friday and that was a healthy session for the s&p 500, up more than 1.3%. other gauges also rallying intern and it was a reaction to the jobs print we got coming through, softer than expected. it was the key take away here so really helping to appease any investor fees about stagflation and even recession and actually, the print also giving fodder to this belief that the economy is gradually slowing and the fed -- to ease policy later this year and we spoke to the chicago fed president about austin goolsby, haidi. haidi: he did tell us that the latest u.s. jobs print, which of course, the markets really cheered, gave comfort that the economy is not overheating when it comes to possible rate cuts this year. he said he still needs to see more data confirming that inflation is under control. take
taking a look at the lenders, ocbc and you obi -- uob will be reporting the results. more to come here on "daybreak australia." this is bloomberg. ♪ >> taking a look at how u.s. futures are coming on this morning, modest gains so far in the session, backtracking what we had on friday and that was a healthy session for the s&p 500, up more than 1.3%. other gauges also rallying intern and it was a reaction to the jobs print we got coming through, softer than expected. it was...