O39.SI - Oversea-Chinese Banking Corporation Limited

SES - SES Delayed Price. Currency in SGD
9.30
-0.06 (-0.64%)
At close: 5:14PM SGT
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Previous close9.36
Open9.47
Bid9.27 x 0
Ask9.30 x 0
Day's range9.21 - 9.58
52-week range7.80 - 11.82
Volume12,120,700
Avg. volume9,686,835
Market cap43.133B
Beta (5Y monthly)0.86
PE ratio (TTM)8.86
EPS (TTM)1.05
Earnings date05 Aug 2020
Forward dividend & yield0.56 (6.30%)
Ex-dividend date22 May 2020
1y target est13.94
  • Reuters SG

    MOVES-Standard Chartered hires new head of wealth management business

    Standard Chartered has appointed Marc van de Walle, a senior executive from Asia-focused Bank of Singapore, as the global head of its wealth management business, which manages retail affluent clients. Van de Walle was most recently the global head of products at the Singapore-based private bank, a unit of Oversea-Chinese Banking Corp.

  • Reuters SG

    SE Asia Stocks-Fall as U.S.-China frictions intensify over new Hong Kong law

    * Singapore shares hit 1-1/2 month low * Thailand posts second straight weekly gain * Philippine, Singapore posts third consecutive weekly loss By Pranav A K May 22 (Reuters) - Southeast Asian stock markets fell on Friday as Sino-U.S. tensions were exacerbated after China said it would impose new national security legislation on Hong Kong following last year's pro-democracy unrest. U.S. President Donald Trump warned that Washington would react "very strongly" against China's attempt to gain more control over the former British colony. "The very real threat now, is the return of mass protests to the streets of Hong Kong, a downgrade in trade status with the U.S., and potentially an exit of large companies from the SAR (special administrative region)," said Jeffrey Halley, senior market analyst at OANDA.

  • Reuters

    Malaysia's Axiata secures $800 mln in sustainability Islamic financing from three banks

    Malaysia’s Axiata Group Bhd has secured a total of $800 million in syndicated multi-currency Islamic financing facilities for its sustainability-linked initiatives, the company said in a statement on Monday. The financing arrangement was led by OCBC Al-Amin Bank Bhd while a unit of Oversea-Chinese Banking Corporation Limited, Maybank Islamic Bank Bhd and MUFG Bank (Malaysia) Bhd were also financiers. Axiata said the financing mechanism is first of such in the world, and serves to enhance its liquidity position while benefiting from optimal financing cost.

  • Reuters SG

    SE Asia Stocks-Vietnam jumps on hopes of economy activity reviving; Philippines falls

    * Vietnam index marks best week since April 10 * Ayala Land biggest loser in Philippines * Singapore Airlines sees FY net loss By Pranav A K May 8 (Reuters) - Vietnamese stocks jumped 2% on Friday on news that the Southeast Asian country was on course to revive its economy much sooner than most others, while Philippines was weighed down by telecom companies. Industrial companies Saigon Machinery Spare Parts and Ben Thanh Trading & Service jumped about 7% each and led gains in the benchmark. Singapore shares reversed early gains to end nearly flat after index heavyweights, Oversea-Chinese Banking Corp and Singapore Airlines, reported dismal results.

  • Reuters SG

    Singapore oil trader Hin Leong owes $3.85 bln to banks - sources

    Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes $3.85 billion to 23 banks, two industry sources said on Thursday. The coronavirus pandemic has led to an unprecedented slump in fuel demand and hammered oil prices, making it difficult for trading firms to make a profit. Hin Leong is one of the largest fuel traders in Asia and an operator of a major tanker fleet.

  • Reuters SG

    Moody's cuts outlook for Singapore banks on coronavirus fallout

    Moody's downgraded the outlook for Singapore's banking sector to "negative" from "stable", citing risks of rising bad loans and deteriorating profitability due to an economic slowdown and a decline in interest rates amid the coronavirus outbreak. "Credit costs will rise as asset quality worsens, while interest rates will decline due to monetary easing, weighing on net interest margins," the ratings agency said in a report on Thursday. Singapore's three main lenders, DBS Group Holdings Ltd , Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd had forecast muted earnings growth for 2020 even before the virus outbreak.

  • Reuters

    SE Asia Stocks-Philippines marks biggest drop in history, others fall on coronavirus panic

    * Philippines sees biggest intraday loss ever * Indonesia hits fourth circuit breaker in six sessions * Singapore headed for seventh consecutive session of losses By Arpit Nayak March 19 (Reuters) - Philippines plunged 24% on Thursday on reopening after a two-day hiatus, while other Southeast Asian stock markets also sustained heavy losses on fears over the economic damage from the coronavirus pandemic. The Philippine bourse opened 12.4% lower, triggering the first 10% circuit breaker following which a 15-minute trading halt was placed within minutes of the opening bell. With regards to Asia market, it appears that a downtrend continues to be the case, said Jingyi Pan, market strategist at IG, in a note.

  • Reuters SG

    SE Asia Stocks-Drop as coronavirus fears grip markets

    * Singapore shares hit lowest since October 2018 * Thailand, Indonesia, Philippines shed over 1% each * Financials across the region hit as rate cuts loom By Shruti Sonal March 6 (Reuters) - Southeast Asian stock markets fell sharply on Friday as the fast-spreading coronavirus stoked fears of a deepening economic fallout beyond China, with Singapore shares hitting their lowest in more than a year amid recession concerns. Broader Asian markets tracked Wall Street lower as deaths from the virus rose in the United States and elsewhere, taking the toll worldwide to more than 3,200. The hardest-hit economies remain Hong Kong, Singapore and Thailand, where people flows and supply chain channels are large, S&P added.

  • Reuters SG

    REFILE-SE Asia Stocks-Collapse as virus grips markets; Thailand, Singapore sink

    Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities. The Thai benchmark was the worst hit in the region, shedding 3.9%, with heavyweights PTT PCL sliding 6.6% and Airports of Thailand down 4.8%. Thailand's central bank said a prolonged outbreak may see economic growth of less than 1% in 2020.

  • Reuters

    SE Asia Stocks-Slightly higher as markets stabilise, virus fears linger

    * South Korea takes steps to detect infections * Singapore snaps three straight sessions of losses * Consumer, resources shares weigh on Indonesia By Soumyajit Saha Feb 25 (Reuters) - Most Southeast Asian stock markets ended marginally higher on Tuesday after a selloff in the previous session, even as concerns over the rapid spread of the coronavirus remained. Kuwait, Bahrain, Oman, Afghanistan and Iraq reported their first cases, while South Korea, which has the most virus cases outside China, said it aims to test more than 200,000 members of a church at the centre of a surge in the infections. "I don't think this (rise in markets) has got any longevity," said Jeffrey Halley, senior market analyst at OANDA.

  • Reuters SG

    Private Chinese oil refiners' credit suspended, tightened on default fears -sources

    SINGAPORE/HONG KONG, Feb 25 (Reuters) - Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors' fuel sales. At least three independent refiners have had $600 million in credit lines suspended by international banks, said three refinery and trading executives and two finance directors at the affected companies, requesting anonymity because of the sensitivity of the matter. DBS Group Holdings in Singapore, France's Natixis and BNP Paribas, and Dutch bank ING have suspended open account credit facilities for the companies based in Shandong province, home to the majority of the independent plants that buy about 20% of China's oil imports, the sources said.

  • Reuters SG

    SE Asia Stocks-Most down as virus spreads outside China; Thailand top loser

    * Thailand leads declines * Singapore banks cautious about growth outlook * Vietnam little changed By Arundhati Dutta Feb 21 (Reuters) - Most Southeast Asian stock markets fell on Friday, as the rapid spread of the coronavirus outside mainland China and its impact on Asia's economies dulled the appeal of risk assets. Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped in the first 20 days of February as the outbreak upends global supply chains. "Data suggests that a pickup in activity is still elusive, which could have negative implications on global growth," DBS Group Research said in a note.

  • Reuters

    SE Asia Stocks-Most markets tepid as virus fears swell; Singapore dives

    The viral outbreak, which claimed almost 640 lives, continued to grip markets. China was confident it could defeat the epidemic with no long-term economic consequences, Xi told U.S. President Donald Trump in a telephone call, according to state television. Customs office in China - the region's biggest trading partner - said on Friday that it will not issue preliminary trade data for January but would combine it with February numbers.

  • Reuters

    SE Asia Stocks-Most markets fall on coronavirus concerns

    * China's cenbank says virus could hit to economy in Q1 * Singapore on track to snap three straight sessions of gains * Philippines set to gain 4% for the week By Soumyajit Saha Feb 7 (Reuters) - Most Southeast Asian shares fell on Friday as more deaths related to the virus outbreak deepened worries about its global economic impact, although regional markets were set for weekly gains of as much as 4% on China's efforts to contain the virus. With the death toll touching 636 in China, the region's biggest trading partner, China's central bank said the epidemic could disrupt economic activity in the first quarter and was preparing policy options to support the economy.

  • Reuters SG

    MOVES-Singapore's OCBC hires former HSBC's Greater China chief Wong in senior role

    Oversea-Chinese Banking Corp Ltd (OCBC) named Helen Wong, former HSBC Holdings' Greater China chief, as the head of its newly created global wholesale banking division. Wong will oversee the bank's cash management and trade under the transaction banking business as well as the investment banking business, Singapore's second-largest lender said in a statement on Wednesday. Wong will also have global responsibilities for all banking relationships with small- and medium-sized enterprises, large corporates and financial institutions.

  • Reuters SG

    SE Asia Stocks-Rebound as Mideast tensions wane; Malaysia leads gains

    * Global markets take breather amid no fresh U.S.-Iran threats * Philippine Dec CPI above forecast * Thai stocks rebound from worst fall in over 2 months By Sameer Manekar Jan 7 (Reuters) - Most Southeast Asian stock markets on Tuesday recovered from previous session's losses, as investors tempered expectations for a widespread geopolitical conflict with no exchange of fresh threats between the United States and Iran. Regional stock markets fell between 0.5% and 1.7% on Monday after the United States warned of major retaliation if Iran strikes back for the killing of its military commander and threatened to impose sanctions on Iraq for the expulsion of U.S. troops from Baghdad.

  • Reuters SG

    UPDATE 4-Singapore digital bank race heats up with 21 licence bidders

    Singapore has drawn huge interest from technology firms looking to shake up the city-state's banking landscape, attracting 21 applications for five digital bank licences on offer. Among firms bidding are Alibaba Group affiliate Ant Financial, a venture between Singapore Telecommunications and Southeast Asian ride-hailer Grab, and a consortium led by gaming firm Razer. Singapore-based internet firm Sea Ltd, a group led by Singapore tycoon Ron Sim's firm V3 Group, and Hong Kong financial services group AMTD's consortium, which includes an affiliate of Xiaomi, has also applied.

  • Reuters SG

    SE Asia Stocks-Most markets trim early gains as Mideast airstrikes hit sentiment

    * Senior Iran official killed in U.S. airstrike * The Philippine index closes at more than one-week high * Singapore stocks dragged lower by financials By Shruti Sonal Jan 3 (Reuters) - Most Southeast Asian stock markets trimmed early gains on Friday as mounting Middle Eastern tensions dented sentiment, while the Philippine index closed 1.3% firmer after investors picked up beaten-down stocks. Risk appetite across global markets faltered after U.S. airstrikes at Baghdad airport killed Iranian Major-General Qassem Soleimani, heightening geopolitical tensions. Most regional markets pulled back from session highs yet ended in the black, with most of them posting solid weekly gains, as a steady growth in China's production activity and its central bank announcing a cut in banks' reserve ratio supported the mood.

  • Reuters SG

    SE Asia Stocks-Most tepid amid holiday lull; Indonesia snaps 4-day rally

    * Malaysian equities hit over 4-month high * Singapore reverses early gains to end flat * Thailand little changed after export slump widens By Shruti Sonal Dec 30 (Reuters) - Southeast Asian markets were subdued on Monday as investors remained cautious ahead of the New Year, offsetting optimism about the Phase 1 Sino-U.S. trade deal, while Indonesia snapped a four-day rally dragged down by tech and utility stocks. South China Morning Post quoted a Chinese official saying that ­Beijing will live up to its trade deal commitments, but the United States must also honour the one-China policy in relation to Taiwan. The remarks come as ­Beijing and Washington announced a Phase 1 trade deal earlier this month, cooling their 18-month trade conflict that has rattled financial markets and hurt global economic sentiments.

  • Reuters

    SE Asia Stocks-Most markets tepid ahead of looming tariff deadline

    * Washington and Beijing may delay Dec. 15 tariffs - WSJ * Thai index set to fall for 10th straight session * Singapore up on blue chips By Arundhati Dutta Dec 11 (Reuters) - Most Southeast Asian stock markets were subdued on Wednesday, ahead of a looming tariff deadline, despite a report that cited trade negotiators are laying the groundwork to delay fresh U.S. tariffs on Chinese imports. Officials in Beijing and Washington have signalled that Dec. 15 is not the final date for reaching a so-called "phase-one" deal, according to a Wall Street Journal report, even though that is the date U.S. President Donald Trump has set for tariffs to increase on $165 billion of Chinese goods.

  • Reuters

    Companies go 'speed dating' in race for Singapore digital bank licences-sources

    About three dozen firms including ride-hailer Grab, Standard Chartered and Singapore Telecommunications are in talks to form consortiums that can meet tough entry norms to bid for Singapore's digital bank licences, sources said. Singapore's biggest liberalisation of its banking sector in two decades seeks to enable online-only banks that can operate at lower costs and therefore offer different services than those of incumbents including DBS Group and OCBC.

  • Reuters SG

    UPDATE 2-SMFG's chances of buying Permata improve after Singapore banks drop out-sources

    Sumitomo Mitsui Financial Group's (SMFG) chances of snapping up Indonesia's PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued lender, sources said on Friday. One of the sources said SMFG was in advanced talks to negotiate terms for the purchase of the mid-sized bank, in which Standard Chartered and Indonesian conglomerate PT Astra International each own a 45% stake.

  • Reuters SG

    Japan's SMFG boosted after two rivals drop out from Bank Permata bidding-sources

    Sumitomo Mitsui Financial Group's (SMFG) chances of acquiring a majority stake in PT Bank Permata have improved after two key rivals dropped out of the race to buy the $2.4 billion-valued Indonesian lender, sources said. While Singapore lender OCBC Group Holdings and DBS Group Holdings Ltd had shown interest in the auction for mid-sized Permata, they are no longer pursing it, the sources, who declined to be named because they were not authorised to talk to the media, said. Reuters reported last week that SMFG and OCBC were working on competing offers and were seen as the frontrunners for Permata.

  • Reuters SG

    UPDATE 2-Japan's SMFG reports drop in H1 profit as retail banking business stagnates

    Net profit came in at 432 billion yen ($4 billion) in April-September compared to 472.6 billion yen a year earlier, SMFG said in a stock exchange filing. For the full year through March, SMFG reiterated its forecast for a profit of 700 billion yen.

  • Reuters

    UPDATE 2-Singapore's DBS Q3 profit beats view on wealth fees, cautions on outlook

    DBS Group Holdings, Southeast Asia's biggest lender, reported that higher wealth management fees drove a forecast-beating 15% rise in third-quarter profit, but cautioned growth will slow next year due to the impact of lower interest rates. The Singaporean bank said on Monday it expects its net interest margin, a key gauge of profitability, to fall by about 7 basis points in 2020.