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OCBC Bank
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ocbc buyers fight back from the shortists
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chartistkao1
Supreme |
23-Oct-2023 13:57
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no more share buy out
https://investors.sgx.com/securities/stocks?security=O39
since 20/10/2023
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john_ric
Supreme |
21-Oct-2023 09:42
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Dig out 2014 news | ||||
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chartistkao1
Supreme |
20-Oct-2023 16:24
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OCBC to Raise $2.7 Billion in Rights IssueSingapore Bank to Use Money to Partially Finance its Purchase of Wing Hang Bank 
By
P.R. Venkat Updated Aug. 18, 2014 12:
SINGAPORE&mdash
 
 
plans to raise 3.32 billion Singapore dollars (US$2.7 billion) in a rights issue that will partly finance its recent multibillion-dollar purchase of a Hong Kong bank.Late last month, Singapore' s second-largest bank by assets said it had acquired 98% of Hong Kong lender Wing Hang Bank Ltd., which it purchased for US$5 billion, making it one of the biggest such deals in Asia so far this year. As part of the exercise, OCBC will sell 440.05 million new ordinary shares to shareholders at an issue price of S$7.65 each. Each shareholder owning eight shares of OCBC will get one rights share, the lender said Monday in a filing to the Singapore stock exchange.
OCBC' s purchase of Hong Kong' s Wing Hang had run into trouble when activist hedge-fund manager Paul Singer' s Elliott Management Corp. raised its Wing Hang stake to nearly 8%, prompting speculation that the Singapore bank may have to raise its offer. But OCBC said it didn' t intend to raise its offer price of 125 Hong Kong dollars (US$16.13) a share for Wing Hang, prompting the New York-based hedge fund to surrender its stake. OCBC and Wing Hang Bank began discussions on a deal late last year and in January entered into exclusive talks, extended twice as they wrestled over the price. The biggest bank acquisition in Hong Kong since Ltd. took over Dao Heng Bank in 2001, the deal has been seen as a savvy one for OCBC, giving it a foothold in the city as China internationalizes the yuan and takes further steps to open its capital markets to foreign investors. The rights share price is at a 25% discount to OCBC' s Friday' s closing price of S$10.20 and will be the biggest equity fundraising in Singapore in more than three years, since the US$5.5 billion initial public offering of Hong Kong billionaire Li Ka-shing' s . Shares of OCBC closed unchanged Monday at S$10.20. OCBC was already building its presence in China, having bought a S$383 million stake in Shenzhen-listed Ltd. earlier this year. The purchase by the Singapore lender also comes at a time of consolidation in Hong Kong' s banking sector. Late last year, Chinese conglomerate Yuexiu Enterprises struck a deal to buy a majority stake in Hong Kong' s Chong Hing Bank for about US$1.5 billion. Hong Kong has a handful of family-owned banks competing in a market dominated by the likes of PLC and PLC. Buying Wing Hang will significantly boost OCBC' s exposure to Greater China, raising its Chinese loans to 25% of the Singapore bank' s total, from about 15% currently, UBS analysts estimate. It also gives OCBC a foothold in Macau, which generates about 15% of Wing Hang' s pretax profit, as well as access to business linked to trade with Greater China, particularly from Southeast Asia. Before the Wing Hang deal, OCBC' s biggest acquisition was its US$1.46 billion purchase of ING Groep NV' s Asian private-banking assets. It rebranded the business as Bank of Singapore.
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chartistkao1
Supreme |
20-Oct-2023 16:18
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2020 6 years later ,loyal shareholders rewarded with
On 18 August 2014, OCBC Bank announced a renounceable underwritten rights issue of up to 440,047,710 new shares to raise net proceeds of about S$3.32 billion, following the successful completion of its takeover offer for Wing Hang Bank, Limited on 29 July 2014.
 
vie the purchased in the market
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chartistkao1
Supreme |
20-Oct-2023 16:11
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ocbc share selloff in 2020 hit $8
https://www.ocbc.com/group/media/release/2014/ocbc-raise-rights-issue-wh
 
https://links.sgx.com/1.0.0/corporate-actions/21217
 
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chartistkao1
Supreme |
20-Oct-2023 15:18
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https://www.alizila.com/beauty-brands-loreal-estee-lauder-china-618-shopping-festival/
 
 
May 10, 2023 9:00 am ET
 
 
 
 
 
Some of the beauty industry&rsquo s biggest players are finding a rocky road to winning shoppers in China. Their response: invest locally.  
and
 
 
for years have aimed to boost their business in one of the world&rsquo s largest consumer markets, where demand for beauty products is high.But a slower-than-expected rebound from Covid-19-related restrictions as well as stronger performance from homegrown brands are pushing multinationals to sharpen their investment presence in the country, company executives and analysts say. Paris-based L&rsquo Oré al has established its own Chinese venture fund to make investments in local brands. Esté e Lauder in December opened a research lab to develop skin-care formulations and products for customers in Asia. , the maker of products including CoverGirl makeup and Hugo Boss cologne, in the March quarter introduced products in the country from brands it owns and licenses. Newsletter Sign-up
What&rsquo s News Catch up on the headlines, understand the news and make better decisions, free in your inbox daily. Enjoy a free article in every edition.  
 
 
 
 
&ldquo Success to us in China would be to grow market share in a growing market again,&rdquo Esté e Lauder Chief Executive Fabrizio Freda said at an analyst conference in March. Esté e Lauder, with brands including Clinique and MAC Cosmetics, last week cut its outlook for the year as it deals with a slow recovery of travelers visiting duty-free stores in Asia. The New York company&rsquo s shares last week posted the largest single-day percentage decline on record. Chinese beauty brands such as Perfect Diary and Proya Cosmetics  are on the rise in the country, analysts say. Proya Cosmetics is expected to end this year with sales of about 8 billion yuan, equivalent to $1.16 billion, more than doubling the 2020 level, according to analysts polled by FactSet.  China-born beauty brands have grown significantly in the past three years, making up 27% of the top 10 brands in skin care and color-cosmetics retail sales, according to data from Euromonitor International. &ldquo Local Chinese brands will be more successful in the future, and Esté e Lauder and L&rsquo Oré al want to make sure they&rsquo re part of it. They don&rsquo t want to be reactive, but proactive,&rdquo said Jason English, an analyst at .    L&rsquo Oré al and Esté e Lauder have launched their own Chinese-centered skin care brands in the past. L&rsquo Oré al&rsquo s brand YueSai, acquired in 2004, is advertised as &ldquo augmented traditional Chinese beauty.&rdquo Osiao, Esté e Lauder&rsquo s brand, entered the Chinese market in 2012, claiming it combined Eastern philosophy with Western science, but didn&rsquo t find long-term success. Analysts expect deal making to help boost large beauty brands. Since companies like Esté e Lauder and L&rsquo Oré al usually close one or two big deals a year, they will most likely expand their market share in China by buying stakes in other companies and brands, Bernstein analyst Callum Elliott said. Representatives for L&rsquo Oré al, Esté e Lauder and Coty didn&rsquo t comment about their prospects for deal making.  L&rsquo Oré al in September announced the first investment through its Shanghai Meicifang Investment venture fund, taking a minority stake in the Chinese fragrance brand Documents.  The company recently closed its largest acquisition to date by taking over Aesop, the Australian luxury brand, from Natura & Co. for $2.5 billion. The brand has &ldquo massive growth potential, notably in China and travel retail,&rdquo L&rsquo Oré al CEO Nicolas Hieronimus said on the announcement of the acquisition.  Esté e Lauder acquired a stake in Dr. Jart+&rsquo s parent brand Have & Be Co. in 2015 before buying the remaining two-thirds shares of the company in December 2019. The company recently closed its $2.25 billion purchase of the Tom Ford brand, as it looks to grow the brand&rsquo s global presence in beauty and other product lines. Advertisement - Scroll to Continue
 
L&rsquo Oré al reported a 13% rise in sales in the March quarter, but said it didn&rsquo t benefit from the Covid-19 reopening in China. Still, the company continues to be bullish on the country, Mr. Hieronimus said in a call with analysts last month.    &ldquo We see consumer confidence that was low in China starting to pick up,&rdquo Mr. Hieronimus said. &ldquo There is a clear desire both from consumers and authorities to boost growth.&rdquo Esté e Lauder reported a 12% decline in quarterly sales and said that it was dealing with high levels of unsold products, in part from slower business in the Chinese island province Hainan. Coty, whose overall earnings performance is less dependent on China, reported sales rose nearly 9% in the March quarter. The New York company said Tuesday that the month of April was marked by higher sales in China, including in Hainan, when compared with last year and two years ago. &ldquo This reinforces our confidence in the strong multiyear potential of China for our business, as we expand our presence in this critical market,&rdquo CEO Sue Nabi said in a call with analysts.  
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chartistkao1
Supreme |
20-Oct-2023 14:08
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https://www.straitstimes.com/singapore/dbs-online-and-physical-services-down-thousands-of-complaints-on-downdetector
 
https://www.youtube.com/watch?v=IZ8-K3YPVN0
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chartistkao1
Supreme |
20-Oct-2023 13:59
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https://www.prosperus.asia/stocks/high-interest-rates-here-to-stay-9-singapore-stocks-to-buy-in-a-new-era/
https://www.ocbc.com/group/investors/investor-information
https://investors.sgx.com/securities/stocks?security=O39
https://www.youtube.com/watch?v=BkkMc9Kf67Q
 
 
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chartistkao1
Supreme |
20-Oct-2023 13:54
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https://www.fidelity.com.sg/articles/analysis-and-research/2020-02-05-coronavirus-impact-fund-manager-views-from-asia-1580874501996
 
https://www.youtube.com/watch?v=H1EsWG7_3Rk
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chartistkao1
Supreme |
20-Oct-2023 13:50
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https://www.channelnewsasia.com/business/singapore-shares-sgx-stocks-10-year-low-covid-19-coronavirus-771846
 
https://www.youtube.com/watch?v=hm0xK0dp134
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chartistkao1
Supreme |
20-Oct-2023 13:46
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https://www.easecurities.com.hk/tc/Research/wk200131.pdf
 
https://www.youtube.com/watch?v=P87QZrjjcBs
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chartistkao1
Supreme |
20-Oct-2023 13:40
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https://www.straitstimes.com/business/companies-markets/asia-stocks-extend-global-selloff-on-coronavirus-fears
 
https://www.ocbc.com/group/investors/investor-information
https://www.youtube.com/watch?v=mQMfQpRgsVw
 
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chartistkao1
Supreme |
20-Oct-2023 13:34
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https://www.cnbc.com/2020/04/29/coronavirus-to-hit-first-quarter-earnings-of-dbs-ocbc-and-uob.html
 
https://www.youtube.com/watch?v=i925gvEpa-4
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chartistkao1
Supreme |
20-Oct-2023 10:21
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https://links.sgx.com/1.0.0/corporate-announcements/AHAB89YJ2RGLS9ZV/f1f28735bd8ccabb7bd370949538472dfaff34a824cd183cad79bd09bd962ffd
https://redas.com/member/kallang-development-pte-ltd/
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chartistkao1
Supreme |
20-Oct-2023 10:16
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https://recordowl.com/company/kew-estate-limited
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chartistkao1
Supreme |
20-Oct-2023 10:14
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DBS Group Holdings Ltd (SGX: D05), United Overseas Banks Ltd (SGX: U11) and Oversea-Chinese Banking Corporation Limited (SGX: O39) &ndash which together constitute almost 50% of the Straits Times Index (STI)&rsquo s weight
 
https://www.cnbc.com/quotes/.STI
https://www.marketscreener.com/quote/stock/HERALD-INVESTMENT-TRUST-P-4002016/company/
https://www.ocbc.com/group/investors/investor-information
 
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chartistkao1
Supreme |
20-Oct-2023 10:05
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https://investors.sgx.com/securities/stocks?security=O39
 
https://www.channelnewsasia.com/business/ocbc-record-performance-higher-interest-rates-caution-outlook-3301141
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chartistkao1
Supreme |
19-Oct-2023 12:11
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A good day to buy ocbc share when US markets correction
https://investors.sgx.com/securities/stocks?security=O39
 
https://www.marketwatch.com/market-data
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chartistkao1
Supreme |
19-Oct-2023 11:37
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singapore is going from a real world to a virtual world after 2025 https://www.aiyifan.tv/play/ezRbeaFgHJ1
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chartistkao1
Supreme |
18-Oct-2023 14:10
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short sgd ot short usd in october 2023 https://www.youtube.com/watch?v=qj5k19iT63A
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