53 stories mentioning SGX:O39Updated 2d ago
Every FINWIRES story that references SGX:O39, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Oversea-Chinese Banking (SGX:O39) has an average rating of overweight and mean price target of SG$26.59, according to analysts polled by FactSet.
ValueMax (SGX:T6I) issued SG$80 million worth of 4% bonds due 2029, according to a Friday filing with the Singapore Exchange.Shares of the pawnbroker were down over 3% in Monday trading.DBS Bank was appointed as the sole global coordinator and rating advisor for the bonds.Meanwhile, DBS Bank and Oversea-Chinese Banking Corp. or OCBC (SGX:O39) were appointed as joint lead managers and bookrunners.The bonds were listed on Monday, the filing added.
Singapore's Straits Times Index rallied above 5,400 points at market open on Thursday, owing to strong gains by local bank stocks ahead of the second-quarter corporate earnings season in early August.The STI, a key benchmark for the Singapore Exchange, rose in early trade by 0.7%, or 36.45 points, to open at 5,406.020.Strong institutional inflows pushed Singapore bank stocks to record highs on Thursday, with DBS Group (SGX:D05) briefly crossing SG$70 for the first time. Oversea-Chinese Banking Corporation (SGX:O39) and United Overseas Bank (SGX:U11) also hit new peaks, pushing the STI as investors positioned ahead of the earnings season and sought to secure first-half dividend payouts.
GuocoLand (SGX:F17) has secured a SG$634.7 million green club facility from Oversea-Chinese Banking Corporation (SGX:O39) and Industrial and Commercial Bank of China's ( HKG:1398, SHA:601398) Singapore branch, according to a Thursday filing to the Singapore bourse.The financing is aligned with GuocoLand's Green Finance Framework and will fund the future residential development at its Lentor Central site, which was awarded in March.The Lentor Central project is expected to be launched in the first half of 2027.
(Updates story to reflect OCBC confirmation)Singapore-based Oversea-Chinese Banking Corporation (SGX:O39) plans to increase its relationship manager headcount by 600 over the next three years, a company spokesperson confirmed toon Wednesday.The lender also intends to invest over SG$1 billion annually over the next few years on artificial intelligence, digital services, and data, Reuters reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Singapore-based Oversea-Chinese Banking Corporation (SGX:O39) plans to increase its relationship manager headcount by 600 over the next three years, Reuters reported Wednesday, citing bank executives.The lender also intends to invest over SG$1 billion annually over the next few years on artificial intelligence, digital services, and data, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Singapore shares opened flat with positive bias on Wednesday, tracking mixed sentiment across major Asian markets after a massive technology-stock-led sell-off in the previous session as investors took an optimistic yet cautious approach amid concerns over AI spending and semiconductor firms' valuations.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose 0.08%, or 4.19 points, to open at 5,209.930.Market-moving bank stocks were mixed in early morning trade, with DBS Group Holdings (SGX:D05) and United Overseas Bank (SGX:U11) gaining marginally, while shares of Oversea-Chinese Banking Corporation (SGX:O39) slightly declined.In other news, US President Donald Trump said Tuesday that Iran had agreed to permit nuclear inspections, although Tehran said it has no plans to allow the International Atomic Energy Agency (IAEA) inspectors set foot in its bombed enrichment sites.Iran's chief negotiator, Mohammad Bagher Ghalibaf, said the Strait of Hormuz would "never return to its pre-war conditions" and that Tehran would maintain control over the key waterway.
Singapore-based Oversea-Chinese Banking Corporation (SGX:O39) plans to double its wealth advisers in Indonesia, Bloomberg News reported Tuesday, citing OCBC Indonesia head Parwati Surjaudaja.The lender also aims to increase its relationship manager headcount to 400 by the end of 2026 through hiring and internal transfers, as client assets in Indonesia have rose 11% to 127 trillion rupiah, Surjaudaja told the news agency.The hiring is part of OCBC's expansion plan following its May agreement to acquire HSBC's (HKG:0005) retail and wealth management business in Indonesia.OCBC's shares were up nearly 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Singapore has outlined plans to launch a gold clearing system by the end of the year, in partnership with JPMorgan Chase, Deutsche Bank, DBS (SGX:D05), Oversea-Chinese Banking Corp. or OCBC (SGX:O39), UOB (SGX:U11)and ICBC Standard Bank, according to a report by Bloomberg on Monday.Speaking at a conference, the city-state's Deputy Prime Minister and MAS chairman, Gan Kim Yong said the system will connect regional gold demand with global liquidity and support market activity during trading hours.Bloomberg also reported that MAS plans to introduce central bank gold vaulting services by October.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Singapore Exchange plans to establish an over-the-counter (OTC) gold clearing system for Loco Singapore this year, the Monetary Authority of Singapore said Monday.Major banks such as JPMorgan Chase & Co., DBS Group Holdings (SGX:D05), Oversea-Chinese Banking Corporation (SGX:O39), United Overseas Bank (SGX:U11), ICBC Standard Bank, and Deutsche Bank AG will act as clearing members, with plans for inter-bank trading expected to be operational from 2027, the release said.These banks will work with the Singapore Exchange to enhance the Loco Singapore gold market, improve price discovery, and build trading activities, it said.The Monetary Authority of Singapore will introduce central bank gold vaulting services by October.Shares of Oversea-Chinese Banking Corporation added over 1%, while those of United Overseas Bank increased about 1% at market close.
Oversea-Chinese Banking (SGX:O39) has an average rating of overweight and mean price target of SG$23.48, according to analysts polled by FactSet.
Keppel (SGX:BN4) has priced SG$325 million of fixed-rate subordinated perpetual securities at 3.30% under its $5 billion multi-currency debt issuance program, according to a Thursday filing to the Singapore bourse.The global asset manager and operator has appointed DBS Bank, Oversea-Chinese Banking Corporation (SGX:O39), and United Overseas Bank (SGX:U11) as joint bookrunners and lead managers for the issue.Keppel plans to use the proceeds from the issue to fund general corporate needs and refinance existing perpetual debt.The Series 018 Securities will be issued in the denomination of SG$250,000 and will be perpetual, with no fixed redemption date. They are expected to be issued on or around June 11.The company will have the option to redeem the Series 018 Securities in whole, but not in part, at 100% of their principal amount, together with the distribution accrued on June 11, 2029.Keppel plans to list the new Series 018 securities on the Singapore exchange for qualified institutional and accredited investors.
The Singaporean central bank's proposal for a total loss-absorbing capacity (TLAC) framework could impact banks' support ratings, Fitch Ratings said in a Thursday release.The "aa-" government support rating for the country's three major local banks are in line with their viability ratings, serving as a backstop to their AA- issuer default ratings, Fitch said.The rating agency may not consider government support for markets with credible banks resolution and expectations of senior debt being bailed in.With this, the equilibrium between DBS Group Holdings (SGX:D05) and DBS Bank's ratings may shift if Fitch removes government support as a factor.The Monetary Authority of Singapore's propose external TLAC of 14% of risk-weighted assets of local domestic systemically banks is below the 18% minimum for global ones, Fitch said.The central bank also does not push for a TLAC leverage ratio requirement given the smaller size of varied risk profiles of the domestic banks.The proposal will also not force United Overseas Bank (SGX:U11) and Oversea-Chinese Banking (SGX:O39) to issue any additional debt, reflecting the wider flexibility in the proposed ways for banks to meet the TLAC requirement, Fitch said.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) filed for the listing of $35 million worth of cancelable zero coupon bonds due 2046 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted in the Bonds Market on June 4, the bank added.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) filed for the listing of $35 million worth of cancelable zero coupon bonds due 2046 on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted in the Bonds Market on May 29, the lender said.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) outbid several competitors by more than $100 million for its recent deal to acquire retail and wealth assets held in Indonesia by HSBC Holdings (HKG:0005), according to a report by Bloomberg on Wednesday.Citing people familiar with the matter, the report added that a higher offer allowed the bank to enter negotiations to conclude the deal for the Indonesian bank.The value of the deal is expected to be finalize once the deal completes in the first half of 2027, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
OUE's (SGX:LJ3) subsidiary, OUE Treasury, issued SG$150 million worth of 3.25% green bonds due 2033, according to a Monday filing with the Singapore Exchange.The bonds are part of the company's SG$3 billion multicurrency debt issuance program.Oversea-Chinese Banking Corp. or OCBC (SGX:O39), was the sole global coordinator while DBS Bank, The Hongkong and Shanghai Banking Corp. and OCBC were the joint lead managers and bookrunners.The bonds will be listed on or about May 19.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) filed for the listing of 500 million euros worth of 2.989% covered bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Monday.The bonds will be listed and quoted in the Bonds Market on May 19, the trust added.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) outlined plans to increase its wealth management staff in Hong Kong by 30% in 2026 to meet growing investment and financing demand, according to a report by Bloomberg on Friday.The bank is looking to hire at least 30 relationship managers, according to Josephine Lee, head of consumer financial services at OCBC Hong Kong.The lender will also introduce a specialized Premier Private Client tier targeting affluent individuals holding assets of at least $1 million, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Aspial Lifestyle (SGX:5UF) plans to raise around SG$84.8 million in gross proceeds via an equity fund raising, according to a Thursday filing with the Singapore Exchange.Shares of the consumer lifestyle company were up over 1% in Friday trading.The consumer lifestyle group intends to issue 149.3 million new shares via a private placement to raise roughly SG$60.0 million. Additionally, a non-renounceable preferential offering of 61.7 million shares will be extended to existing eligible shareholders to raise a further SG$24.8 million.Both tranches are priced at S$0.402 per share.Aspial stated that the proceeds will be utilized for general corporate activities, working capital needs, and potential strategic investments.DBS Bank, Oversea-Chinese Banking Corp or OCBC (SGX:O39), SAC Capital and United Overseas Bank (SGX:U11) were nominated as joint placement agents for the exercise.
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