Latest Forum Topics / OCBC Bank Last:12.65 -- |
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ping an insurance a big fintech giant that
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chartistkao1
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27-Apr-2023 15:41
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who will build the first lgbt robot in the world
https://knoema.com/infographics/sxovfdc/us-china-ai-competition-who-is-winning
 
 
https://www.yunbtv.net/vodplay/qingchunzhicheng-1-18.html
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chartistkao1
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27-Apr-2023 15:32
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UOB posts 67% rise in Q1 profit to S$1.5 billion 
THU, APR 27, 2023 - 07:20 AM
 
UPDATED THU, APR 27, 2023 - 2:19 PM
 
 
UOB on Thursday (Apr 27) reported net profit of S$1.5 billion for its first quarter ended Mar 31, up 67 per cent from S$906 million a year earlier, and in line with the S$1.5 billion average estimate from three analysts polled by Bloomberg.
Excluding one-off expenses &ndash specifically integration costs incurred in the acquisition of Citigroup&rsquo s consumer banking businesses &ndash UOB&rsquo s net profit for the quarter was a record S$1.6 billion, up 74 per cent on year. In a results briefing on Thursday, UOB CEO and deputy chairman Wee Ee Cheong noted that the bank&rsquo s diversified franchise &ndash particularly its wholesale and retail businesses &ndash contributed to the strong results.  
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chartistkao1
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27-Apr-2023 15:27
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https://thediplomat.com/2022/08/why-ai-is-the-new-frontier-in-china-us-competition/
 
https://www.yunbtv.net/vodplay/qingchunzhicheng-1-17.html
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chartistkao1
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27-Apr-2023 15:21
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US- war and down china ,but china ' s strategy with its currency barter trade with as many countries as it can after us try to default on its debts in 2023
https://www.channelnewsasia.com/commentary/snap-insight-china-xi-zelenskyy-call-peace-talks-image-3446841
 
https://www.voanews.com/a/us-china-competition-in-tech-expands-to-ai-regulations/7061219.html
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chartistkao1
Supreme |
27-Apr-2023 15:15
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usd sgd 1.335
https://time.com/6272400/us-china-ai-competition/
 
https://www.yunbtv.net/vodplay/qingchunzhicheng-2-15.html
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chartistkao1
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27-Apr-2023 15:13
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https://www.politico.com/newsletters/digital-future-daily/2023/02/28/four-battlegrounds-shaping-the-u-s-and-chinas-ai-race-00084794
 
https://www.yunbtv.net/vodplay/qingchunzhicheng-2-1.html
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chartistkao1
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03-Mar-2023 11:50
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https://www.1470wmbd.com/2023/03/01/hsbc-activist-shareholder-demands-agm-vote-on-asia-business-spin-off/
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chartistkao1
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03-Mar-2023 11:49
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HONG KONG/LONDON (Reuters) - HSBC' s most vocal minority investors are demanding a vote at the global lender' s 2023 shareholder meeting in May on whether it should devise a formal plan to boost returns by spinning off its lucrative Asian business.
Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group calling for a break up of the bank, is one of at least 100 retail investors calling for such a vote, a letter sent to HSBC on Feb. 20 and reviewed by Reuters shows.
A second proposed resolution calls on HSBC to restore pre-COVID-19 dividend levels equivalent to at least 51 cents per share annually, up from the 32 cents it paid out in 2022.
" We feel it' s the right thing to do by allowing all shareholders to vote on such critical issues rather than keeping it away from the voting process," Lui told Reuters.
Lui' s move comes days after HSBC reported a 92% surge in quarterly profit and pledged more regular dividends and share buybacks to win favour among disgruntled investors.
The minority investors are critical of HSBC' s sprawling global structure and echo calls by the bank' s largest shareholder, Ping An Insurance Group Co of China, to demerge its Asian division.
Ping An in November urged HSBC to lower costs by cutting jobs and disposing of peripheral non-Asian businesses.
" The shareholders will need to demonstrate that the requisition is valid before it can be formally accepted," a spokesperson for HSBC said.
HSBC' s other institutional shareholders, particularly in Britain, have so far shown little appetite for a break-up.
" We are supportive of the current structure and would prefer management to concentrate on maximising return on equity now that interests rates have moved up, rather than breaking up the group," one of the bank' s 20 largest investors told Reuters.
 
A second large institutional investor, also based in Britain, also questioned Lui' s push at this point, citing HSBC' s improved returns and stronger cash distribution plans.
The UK' s Companies Act stipulates a company is required to give notice of a resolution once it has received requests from at least 100 investors who have a right to vote at the AGM.
RALLYING SUPPORT
Lui, who runs an education company in Hong Kong and says he is a long-term HSBC investor, said he would " visit one by one" HSBC' s top 20 shareholders, who are mostly large fund managers, to rally support.
However, the activist shareholder said he has " not engaged with Ping An at all" .
Lui told Reuters that HSBC has requested both proposals to be submitted as ' special' resolutions, which he said shows the lender is " very worried" that the proposal will be passed.
According to HSBC' s Articles of Association, shareholders wishing to direct the board on strategy must do so via a special resolution, in line with normal corporate practice, a source familiar with the matter told Reuters.
A resolution defined as " ordinary" , would require just 50% of the vote to pass, but if deemed " special" a minimum 75% of the vote would have to be met.
A few institutional investors have shown interest in supporting the proposals, Lui said of his second such attempt to force HSBC to improve dividends, with the first ending in vain due to lack of institutional support.
Hundreds of retail investors in Hong Kong - HSBC' s biggest market - were particularly upset when it scrapped its dividend in 2020 during the COVID-19 pandemic.
Lui said retail investors are still dissatisfied with payouts after HSBC resumed dividend distributions, as they are lower than pre-pandemic levels and are not issued regularly.
 
(Reporting by Selena Li in Hong Kong and Sinead Cruise in London Additional reporting by Lawrence White Editing by Alexander Smith)
Copyright 2023 Thomson Reuters.
https://money.usnews.com/investing/news/articles/2023-03-01/hsbc-activist-shareholder-demands-agm-vote-on-asia-business-spin-off  
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chartistkao1
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24-Feb-2023 11:37
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the last sg bank margers were in 2001 when will thye next one occur again after they merger and divest their non core assets in 2006 to 2018 https://www.mas.gov.sg/news/speeches/2001/consolidation-and-liberalisation--building-world-class-banks--29-jun-2001  
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chartistkao1
Supreme |
24-Feb-2023 11:34
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https://www.investopedia.com/ask/answers/05/stockcashdividend.asp
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chartistkao1
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24-Feb-2023 11:32
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no stock dividend for ocbc shareholders for this quarter https://www.investopedia.com/terms/s/stockdividend.asp
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chartistkao1
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24-Feb-2023 11:25
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( 早 报 讯 ) 净 利 息 收 入 强 劲 增 长 、 准 备 金 减 少 , 华 侨 银 行 ( OCBC) 去 年 全 年 净 利 增 加 18% 至 创 纪 录 的 57亿 5000万 元 。 集 团 提 高 今 后 的 股 息 派 发 率 目 标 至 50% 。 华 侨 银 行 星 期 五 ( 2月 24日 ) 开 市 前 发 布 去 年 第 四 季 和 全 年 业 绩 。 去 年 第 四 季 净 利 同 比 增 加 34% 至 13亿 1000万 元 。 董 事 会 建 议 派 发 每 股 40分 终 期 股 息 , 比 一 年 前 增 加 43% 。 去 年 全 年 每 股 派 息 68分 , 比 前 一 年 增 加 28% 。 这 次 的 终 期 股 息 不 实 施 以 股 代 息 计 划 。 这 意 味 着 去 年 的 股 息 派 发 占 净 利 53% , 超 过 了 前 一 年 的 49% 。 集 团 表 示 , 今 后 股 息 派 发 率 的 目 标 是 50% 。 集 团 去 年 的 净 利 息 收 入 增 长 了 31% , 达 到 创 纪 录 的 76亿 9000万 元 , 这 得 益 于 净 利 息 收 益 率 ( NIM) 增 长 了 37个 基 点 , 以 及 平 均 资 产 增 长 了 6% 。 全 年 股 本 回 报 率 从 前 一 年 的 9.6% 提 高 到 11.1% , 每 股 盈 利 上 升 18% 至 1.27元 。 不 良 贷 款 比 率 稳 定 维 持 在 1.2% , 总 准 备 金 减 少 至 5亿 8400万 元 , 占 贷 款 16个 基 点 。 相 比 之 下 , 前 一 年 为 8亿 7300万 元 和 29个 基 点 。 截 至 2022年 12月 31日 , 客 户 贷 款 为 2950亿 元 。 按 固 定 汇 率 计 算 , 贷 款 比 一 年 前 增 长 4.5% 。 华 侨 银 行 集 团 行 政 总 裁 黄 碧 娟 说 : &ldquo 展 望 来 年 , 我 们 在 亚 洲 的 主 要 市 场 预 计 将 保 持 坚 韧 , 2023年 的 增 长 速 度 将 超 过 全 球 平 均 水 平 。 我 们 乐 观 认 为 , 中 国 和 香 港 重 新 开 放 将 进 一 步 刺 激 区 域 经 济 增 长 。 &rdquo  
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chartistkao1
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24-Feb-2023 09:30
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OCBC : O39 +0.24% reported net profit of S$1.3 billion for the fourth quarter ended December 2022, rising 34 per cent from S$973 million the previous year as net interest income hit a new quarterly high. The bank&rsquo s earnings for the quarter missed the S$1.6 billion average estimate based on four analysts polled by Bloomberg. Net earnings for the full year  grew 18 per cent to a record S$5.7 billion from S$4.9 billion for FY2021. This translates to an earnings per share of S$1.27 for FY2022, up 18 per cent from S$1.07 for FY2021.  
OCBC&rsquo s net interest income for Q4 rose 60 per cent or S$894 million to S$2.4 billion, driven by a 79 basis point (bps) rise in net interest margin as the increase in loan yields outpaced the rise in funding costs. Non-interest income declined 42 per cent to S$615 million, largely from lower wealth management fees as a result of subdued customer investment activities amid market headwinds and valuation losses on Great Eastern Health&rsquo s insurance contract liabilities.  
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chartistkao1 ( Date: 23-Feb-2023 10:26) Posted:
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https://www.straitstimes.com/singapore/scope-for-singapore-china-cooperation-very-wide-says-pm-lee
chartistkao1 ( Date: 23-Feb-2023 10:06) Posted:
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https://links.sgx.com/FileOpen/FY22%20-%20Condensed%20Financial%20Statements.ashx?App=Announcement& FileID=747427
 
https://www.straitstimes.com/asia/se-asia/asean-needs-to-stay-neutral-and-united-amid-us-china-tensions-tommy-koh
 
大 佬 小 国 是 混 口 饭 吃 才
chartistkao1 ( Date: 23-Feb-2023 10:01) Posted:
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https://links.sgx.com/FileOpen/FY22%20-%20News%20Release.ashx?App=Announcement& FileID=747428
 
https://links.sgx.com/FileOpen/FY22%20-%20CEO%20presentation.ashx?App=Announcement& FileID=747429
chartistkao1 ( Date: 07-Feb-2023 10:32) Posted:
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https://www.bankofchina.com/en/aboutboc/ab7/200809/t20080926_1601843.html
chartistkao1 ( Date: 07-Feb-2023 10:28) Posted:
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chartistkao1 ( Date: 07-Feb-2023 10:22) Posted:
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https://carnegieendowment.org/2020/04/28/why-united-states-and-china-forgot-how-to-cooperate-pub-81673
chartistkao1 ( Date: 07-Feb-2023 10:18) Posted:
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https://www.fmprc.gov.cn/mfa_eng/wjb_663304/wjbz_663308/2461_663310/202209/t20220923_10770469.html
 
https://www.youtube.com/watch?v=SCJzCAQ-Ue4& t=61s
chartistkao1 ( Date: 06-Feb-2023 15:23) Posted:
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