As a label, “green buildings” may be a misnomer. Many people associate sustainable developments with biophilic exteriors, like the vines that enshroud Oasia Hotel Downtown, the dense foliage covering Park Royal Pickering, or sky gardens, such as the three-storey Green Oasis at CapitaSpring.In re...

Banks should continue to be the main beneficiaries of efforts by central banks to fight inflation. The key message from the top management of DBS Group Holdings, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) is that the higher interest rate environment will continue to be positi...

IT may be more than a century old, but Great Eastern Holdings is still fighting fit — despite a raft of challenges unleashed by Covid-19, and the emergence of technology startups that compete in the insurance space.

The net interest income (NII) of the three local banks has benefitted from the four hikes in the Federal Funds Rate (FFR) by the US Federal Reserve to the extent that the higher NII was able to offset lower non-interest income and result in net profit growth.In March, the US Fed raised the FFR by 50...

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 2):

GREAT Eastern’s profit attributable to shareholders rose 22 per cent to S$282.9 million for the second quarter ended Jun 30, from S$232.3 million in the same period a year ago.

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 2):

Great Eastern Holdings (GEH), a member of the OCBC group, has reported earnings of $282.9 million for the 2QFY2022 ended June, 22% higher than the earnings of $232.3 million in the same period the year before.The higher earnings were mainly driven by the higher operating profit from the group’s in...

DBS Group Research analyst Lim Rui Wen is overall positive on Singapore banks, with ‘buy’ ratings as they look set to “benefit strongly” from the Fed rate hike cycle.Lim has kept her “buy” calls for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB).In her rep...

UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” recommendation on the Singapore banking sector as rising interest rates are expected to lift the net interest margins (NIMs) of all three banks DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporati...

In a recent discussion, an analyst who declined to be named says Singapore has always had a lot of deep-value plays which trade at very low valuations for years. However, “when the major shareholder gets fed up and makes an offer, he won’t make a super high offer, given the deep discount the sto...

SPANNING close to 10 hectares of temporary vacant land with over 33,500 solar panels installed, a new solar farm at Tuas industrial estate can power about 4,700 4-room Housing Board (HDB) flats a year. Developed by Sembcorp Solar Singapore, a subsidiary of energy and urban development compan...

The main focus this year is for the local banks to navigate between tailwinds from higher interest rates, headwinds on wealth management income due to market volatility and the impact of inflation on their customers. Rising interest rates are net positive for banks.For all three, this trend will hav...

In a Q&A ahead of Great Eastern Holdings’ (GEH) AGM held on April 19, a shareholder pointed out that returns on shareholders’ funds at 5.59% over five years were low. “We would appreciate it if the board did something concrete instead of repeating the same thing (‘we will look into enhan...

Great Eastern Holdings, a member of the OCBC Group, reported earnings of $220.0 million for the 1QFY2022 ended March, 50% lower than earnings of $437.6 million.The plunge in earnings was due to the lower valuation of investments arising from less favourable financial market conditions.During the qua...