OCBC - RHB Research 2025-06-09: Another Stab At Privatising Great Eastern

• OCBC and Great Eastern have announced a proposal intended to address the latter’s trading suspension, either via:
  1. - Read this at SGinvestors.io -
  2. the resumption of trading via a bonus issue.

Recap.

• On 10 May 2024, OCBC launched a S$1.4bn voluntary unconditional general offer to acquire the remaining 11.6% stake it does not own in Great Eastern. The cash offer price of S$25.60/share translates to a 37% premium to Great Eastern’s closing price on 9 May and P/EV and P/BV of 0.7x and 1.54x. The previous offer closed on 12 Jul 2024, with OCBC holding a 93.7% stake in Great Eastern.
• - Read this at SGinvestors.io -

Addressing Great Eastern’s trading suspension.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2025-05-13 OCBC - Building Resilience.

Price targets by 2 other brokers at OCBC Target Prices.

Listing of research reports at OCBC Analyst Reports.

Relevant links:
OCBC Share Price History,
OCBC Announcements,
OCBC Dividend Payout Dates & Corporate Actions,
OCBC News