file:///C:/Users/tan/Downloads/ministerial-statement---pm-18apr05.pdf

 

in 2011 around 6 years later

https://www.cnbc.com/2011/05/29/singapores-property-market-headed-towards-a-perfect-storm.html

 

Successful investing requires self-control, discipline, and a long-term perspective. It' s about developing a sound investment strategy that aligns with your objectives and then sticking to that plan, regardless of what others may be doing or saying.
Emotional decision-making and reacting to short-term market fluctuations can lead to poor investment outcomes. By maintaining control over your emotions and adhering to your own investment strategy, you can avoid making impulsive or fear-driven decisions.
Additionally, focusing on your own game means recognizing that everyone has unique financial circumstances, goals, and risk tolerances. What works for someone else may not be suitable for you. It' s important to define your own investment approach based on your individual situation and stay committed to it.
Ultimately, investing is a personal journey, and success is measured by achieving your own financial objectives, rather than comparing yourself to others. By remaining disciplined, staying focused on your long-term goals, and making informed decisions, you can increase your chances of achieving investment success.

https://www.blockdata.tech/blog/general/top-banks-investing-in-crypto-and-blockchain-may-2022-update

 

the stock market is often characterized by cycles and the influence of human behavior, which can lead to overreactions in both bullish (upward) and bearish (downward) directions. Let' s explore this statement in more detail.

1. Cycles in the Stock Market: The stock market tends to go through various cycles, including bull markets and bear markets. Bull markets are characterized by prolonged periods of rising stock prices, increased investor optimism, and positive economic sentiment. Bear markets, on the other hand, involve extended periods of falling stock prices, decreased investor confidence, and negative economic outlook.

These cycles are driven by a variety of factors, such as economic conditions, interest rates, corporate earnings, geopolitical events, and investor sentiment. While the duration and magnitude of these cycles can vary, they reflect the natural ebb and flow of market dynamics.

1. Human Behavior and Overreactions: Human behavior plays a significant role in shaping stock market movements. Investors' emotions, cognitive biases, and herd mentality can lead to overreactions in both positive and negative directions. Here are a few behavioral phenomena that contribute to these overreactions:

a. Greed and Fear: Investors often exhibit excessive optimism during bull markets, driven by greed and the fear of missing out (FOMO). This can lead to overvalued stocks and speculative bubbles. Conversely, during bear markets, fear and pessimism can cause investors to panic sell, driving prices lower than their fundamental value.
b. Herding Behavior: People have a tendency to follow the crowd, assuming that the collective wisdom of the market is superior to individual judgment. This herding behavior can amplify market movements, causing exaggerated price swings. When a large number of investors rush to buy or sell, it can create momentum that fuels further overreactions.
c. Cognitive Biases: Investors are subject to various cognitive biases, such as confirmation bias (favoring information that supports existing beliefs), recency bias (giving more weight to recent events), and anchoring bias (relying too heavily on initial information). These biases can distort decision-making and contribute to overreactions.
d. Market Manipulation: In some cases, market participants intentionally manipulate stock prices through tactics like spreading false information or engaging in illegal trading activities. Such manipulations can create artificial price movements and contribute to overreactions.
Overall, the stock market' s story is a complex interplay between cycles driven by economic factors and the human behavior that can amplify and exaggerate these cycles. Recognizing these dynamics and understanding the psychological aspects of investing can help investors navigate the market with greater awareness and make more informed decisions.

https://www.channelnewsasia.com/business/yuan-overtakes-dollar-become-most-used-currency-chinas-cross-border-transactions-3445601

https://www.youtube.com/watch?v=TfsfvL0C88U

OCBC has no plans to reduce its capital given uncertain and volatile market conditions, said its board chairman Andrew Lee at the bank&rsquo s annual general meeting (AGM) on Tuesday (Apr 25).

 

In response to shareholder queries on how Basel IV &ndash the latest set of capital requirements for banks globally &ndash will affect the lender&rsquo s Common Equity Tier 1 (CET1) ratio, he said: &ldquo For the moment, we have no intentions of eroding this layer of perceived excess capital.&rdquo

 

Some shareholders at the AGM noted that OCBC had the highest CET1 ratio &ndash at 15.2 per cent at the end of its financial year 2022 &ndash among the three local banks. As at Dec 31, 2022, DBS&rsquo CET1 stood at 14.6 per cent, while UOB&rsquo s was 13.3 per cent.

 

Lee acknowledged views that OCBC&rsquo s CET1 ratio &ldquo may be a bit too high&rdquo compared to its peer banks.

 

But he also noted concurrent geopolitical tensions and macroeconomic stresses &ndash such as unprecedented interest rate hikes and persistent inflation &ndash in recent times, with no clear signs of issues being speedily resolved.

 

Lee said the bank has survived due to its prudent management. &ldquo Against this background of tremendous stress and ambiguity&hellip there&rsquo s a need for us to continue to be prudent and careful.&rdquo

Lee added that being well-capitalised puts OCBC in a good position to act on acquisition opportunities as they come.

 

&ldquo In fact, if we go into a crisis, capital would be the new currency. And in a crisis, it will be a tremendous challenge for banks to raise capital and liquidity,&rdquo he said.

 

OCBC posted a record S$5.7 billion net profit in FY2022, up 18 per cent on year, driven by strong growth in net interest income.

 

The bank also said it will target a 50 per cent payout ratio for its dividends moving forward.

 

In response to a query on the bank&rsquo s new dividend policy, Lee said the lender has committed to a more transparent policy even though it may seem &ldquo ambiguous&rdquo .

 

He added that there is no need for the bank to be &ldquo so rigid&rdquo and commit to fixed payouts. &ldquo Leave some &lsquo ambiguity&rsquo with us, because we need some flexibility (given that) the circumstances are not so clear,&rdquo he said.

 

Lee also spoke briefly about the bank&rsquo s plans with its insurance subsidiary, Great Eastern, in response to queries about the insurer.

 

He noted that Great Eastern exists as a capability within the banking group. &ldquo It is not something that we trade, it is something that we build on. As we build on Great Eastern, the benefits will be reflected also in OCBC.&rdquo

 

Lee said Great Eastern&rsquo s growth will translate to OCBC receiving higher dividends from the insurer. This will in turn be reflected in a stronger OCBC share price.

 

To achieve greater and more sustained growth, Lee added that OCBC will engage with Great Eastern&rsquo s newly-elected board chairman to review its business strategy.

Singapore' s United Overseas Bank Makes A $5.43 Billion Offer for Overseas Union

 

 

---

 

The UOB offer is a 5.8% premium to OUB' s last traded price of S$9.45. Trading in UOB and OUB shares was suspended Friday at the companies' request. UOB last traded at S$11.50.
A combined UOB and OUB would become Singapore' s largest domestic lender, with total assets of S$112.9 billion and a market capitalization of S$21.48 billion, the two banks said.
UOB' s Chairman Wee Cho Yaw would become the merged entity' s new chairman and chief executive, the two banks said in a joint statement. All eight OUB board members have been invited to join the new UOB board, the two banks said. OUB' s founder Lian Ying Chow is committing to sell his 15.7% stake in OUB to United Overseas, while OUB units Overseas Union Enterprise Ltd. and Overseas Union Insurance Ltd. have also agreed to sell their combined 10.7% stake in OUB to United Overseas, the banks said.
This is the latest twist in the Singapore banking-merger saga and is seen as an attempt by United Overseas and OUB, traditional rivals for more than three decades, to avoid being marginalized in the banking sector consolidation under way. The UOB-OUB combination is a defensive move to counter DBS' s dominance of Singapore' s banking scene, according to market watchers.
DBS said it is studying United Overseas' s offer, but declined to say whether it will top it.
" It' s slightly less cash than expected," said Sam Chin, banking analyst at ABN Amro Securities in Singapore. " Overall, the deal is pretty good, better than the DBS bid."
The combination would also overshadow the proposed merger between Oversea-Chinese Banking Corp. and Keppel Capital Holdings Ltd., which together would have assets of S$68 billion. OCBC set the bank-merger ball rolling in Singapore with a S$4.8 billion bid for Keppel Capital. The merger news came hours before Deputy Prime Minister Lee Hsien Loong' s announcement of a new set of banking-sector reforms designed to enhance competition in retail banking.

https://www.todayonline.com/singapore/uob-kill-4-birds-1-stone-acquiring-citibanks-operations-region-s5b-1790841

https://mustsharenews.com/uob-punggol-digital-district/

https://sg.finance.yahoo.com/quote/U11.SI/

 

 

 

UOB : U11 -0.17%&rsquo S liquidity position is &ldquo very flush&rdquo , putting it in a comfortable position amid recent turmoil in the global banking industry, said the bank&rsquo s chief risk officer (CRO) Chan Kok Seong at its annual general meeting on Friday (Apr 21).
In response to shareholder queries on the lender&rsquo s ability to weather bank runs, Chan said he would not disclose the amount of UOB&rsquo s liquidity buffer, but assured that it had &ldquo a lot of excess liquidity&rdquo and that its capital ratios were well above regulatory minimums.
Chief executive and deputy chairman Wee Ee Cheong also noted that UOB has a lot of liquidity residing with central banks.

https://www.uobam.com.sg/insights/svb-induced-panic.page?path=data/uobam/svb-induced-panic

 

https://www.dividends.sg/view/u11

sgd cnh 5.174

https://sg.news.yahoo.com/35-singaporeans-2023-forbes-world-billionaires-list-102720734.html?guccounter=1& guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8& guce_referrer_sig=AQAAABwgv_fhOw7NA0JAvNtXnrlS5wWghRR3ztRe9DSmlYFyZITCrs5ocdXun1xl0ZP2QCgXPOqN1LBMVgjo-3wiD8t6rCXM6jmcT-sPtqJI7GvmlMtuFzFo8KfhT94x5MRYoX59lCuQoDPFsM2KXfCmqP_mMp3PmE5AEWuT3n_s42LN