The $700m is more than half of total Swiber liability so UOB portion should be much smaller.
Observers ( Date: 29-Jul-2016 06:16) Posted:
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Now that DBS has come out to clarify they have exposure to SGD 700mil worth of " loans, bonds and off balance sheet items" , does it mean UOB' s exposure is as their CEO has mentioned, manageable? How much debt, on and off balance sheet, does swiber have?
Small players going belly up while bigger players would cut cost and merge operation, very tough when oil stuck below 60 very long time. Watch out other small players might go up in smoke like swiber
is it because of Swiber issue? will it create domino effect?
result not bad right? why still price drop?
maybe issuing dividend $350
looks like it is undressing ...
investshare ( Date: 29-Jun-2016 09:50) Posted:
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that sound really bad
sgng123 ( Date: 22-Jul-2016 13:57) Posted:
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Fake rumour spreading, ignor. 3Q coming on 1st week of aug if npl spike it go south. The effect of brasil sete bankrupy showing, kc got hit halving it order book from 10b to 5b. If local banks made provision on offshore marine bad loan, prepare to see profit margin squeezed.
which entity will benefit?
jayarumah ( Date: 29-Jun-2016 10:47) Posted:
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There will be a Super Big Restructuring of the UOB local Conglomerate :
Look out for UOL
Anyway, admires Wee Cho Yaw a lot
Look out for UOL
Anyway, admires Wee Cho Yaw a lot
half year end window dressing coming...
This is bad for bank. Especially they have previously expected rate to rise, could have taken some hedging at the wrong side, just like SIA on oil.
investshare ( Date: 27-Jun-2016 14:45) Posted:
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Looks like low interest rate going to stay for long. Bank margin will be sequezzed. 
imagine you buy at $17 and he privatise at $10 
Qanghoo ( Date: 25-Jun-2016 21:06) Posted:
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Go down 9SGD better still.  Al lot will grab, not least botak who  might even consider privatising it at that px, if MAS gives its blessings. 
eaton1977 ( Date: 25-Jun-2016 20:26) Posted:
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Cheong up. We are much stronger
European bank stocks crashed 15 to 20%, so guess how much our local banks would get destroyed monday
It had again fallen below $18,high chance it may re-visit $17.00 .
spore1 ( Date: 10-Jun-2016 22:16) Posted:
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What is the impact of brexit win?