Category Archives for Shares
OCBC Preference Shares Details
There has been considerable interest in the preference shares offered by OCBC, so I thought I’ll post some of the details here. OCBC Preference Shares Offering Price : S$100 per share Total number of shares : 10 million Value : S$1 billion Dividend yield : fixed at 5.1% p.a. Credit rating : Aa3 from Moody, […]
Unisteel Technology Buyout Offer
On 15th April this year, there was a sudden spike in the price of Unisteel from $1.40 to $1.68. Apparently, there were rumours in the market that there might be some takeover offer for Unisteel. SGX issued a query to Unisteel which was answered on the following day as such: The Company is not aware […]
OCBC Bank to Raise Funds From Preference Shares
Hot on the heel of DBS, OCBC has announced that they will be issuing as much as $1.5 billion dollars worth of preference shares. However, unlike DBS, OCBC’s offer will be open to retail investors. Back in 2003, it had done the same with the shares having a dividend yield of 4.2%. The question to […]
DBS Bank to Issue Preference Shares
DBS announced yesterday that it will be launching an offering of non-convertible hybrid Tier 1 securities in the form of preference shares to shore up its Tier-1 regulatory capital base. DBS Tier 1 was 9.2 percent at end-March 2008, which was above the regulatory requirement of 6 percent. According to Jeanette Wong, CFO of DBS […]
China Earthquake Aftermath
Following the China Earthquake that rocked the southwestern part of the country, we find a series of announcements from a few SGX listed companies that have business operations in China. Most of them were a reassurance to investors that their businesses were not affected. Here’s a short summary (as of today): Oceanus Group Limited No […]