Latest Forum Topics / OCBC Bank Last:16.1 -0.09 | Post Reply |
OCBC
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chinastar
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13-Sep-2012 07:12
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Getting stronger:)
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alexchia01
Elite |
05-Sep-2012 11:15
Yells: "Catch The Stars And Ride With Them" |
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I think can Short  OCBC Bk today. Entry: $9.150 to $9.110 Stop-Loss: $9.330 More on my Blog at Alex Trades. Good luck.   |
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sgnewbie
Master |
03-Aug-2012 09:25
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http://sgxreports.blogspot.sg/2012/08/ocbc_3.html | |||||||||||||||||||||
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sgnewbie
Master |
03-Aug-2012 09:14
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http://sgxreports.blogspot.sg/2012/08/ocbc.html | |||||||||||||||||||||
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sgnewbie
Master |
02-Aug-2012 10:43
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http://sgxinfo.blogspot.sg/2012/08/ocbc-says-q2-net-profit-up-12-pct-beats.html |
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1419242
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21-Jul-2012 02:33
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SINGAPORE - In what is poised to become the largest corporate acquisition here, Dutch brewing giant Heineken has lined up a S$7.7 billion offer to take over Asia Pacific Breweries (APB) in a move that will see Singapore's national icon, Tiger Beer, fall into foreign hands. Heineken Chairman and Chief Executive Jean-Francois van Boxmeer yesterday gave his assurance that Singapore and the Tiger brand would retain their importance to the Dutch group if the deal goes through. He said: " It is time for us to look ahead to the next chapter of our Asian business, in which Singapore will continue to be our regional headquarters, and both the Heineken and Tiger brands will spearhead our brand portfolio in Asia." Heineken also made clear it would want nothing less than full control. It said that " if Heineken is denied the ability to extend its offer to all APB shareholders, it will review all options available to protect its commercial interests." Most investors had expected Heineken, which already has a 41.9 per cent stake in APB, to respond to the Thai producer of Chang Beer, who had earlier in the week offered to buy over the combined stakes in Fraser & Neave and APB held by Oversea-Chinese Banking Corp, Great Eastern Holdings (GEH) and Lee Rubber Company.  Thai Beverage - controlled by Thailand's second richest man, Mr Charoen Sirivadhanabhakdi, and his brother-in-law's Kindest Place - offered S$8.88 for each F& N share and S$45 per APB share. In a move that may spark a battle for control of APB, Heineken yesterday made a counter offer of S$50 a share for all of F& N's 39.7 per cent stake in the brewer, representing a 45 per cent premium to the one-month volume-weighted average price per APB share. F& N said yesterday: " The board is considering the offer from Heineken, which remains open for acceptance until July 27. There is no certainty that any transaction or agreement will be entered into as at the time of this announcement." Heineken's offer works out to S$5.1 billion for F& N's stake in APB. The Dutch brewer is also putting in another S$163 million for F& N's non-APB assets held by Asia Pacific Investments (API), a 50-50 joint venture it has with F& N and through which they own 64.8 per cent of APB.  Heineken, the world's third largest beer producer, will then make a general offer for the rest of APB and expects this to cost another S$2.4 billion.  OCBC has to respond in the interest of its shareholders and accept the Dutch offer or keep to its word and accept the lower Thai offer. OCBC and its subsidiary GEH had made the sale of their 22 per cent F& N stake, including Lee Rubber's, conditional on the Thais also buying the 8.6 per cent stake in APB. ThaiBev yesterday said its plan to acquire the F& N stake wasn't affected by Heineken's offer. Why OCBC and its associates did not offer their stake in APB to Heineken remains a mystery, as the latter had made several overtures over the years to buy those shares. Besides Heineken and ThaiBev, another key player is Japan's Kirin Brewery, which holds a 14.7 per cent stake in APB. Kirin declined comment yesterday. APB began life as Malayan Breweries in 1931. A year later, it opened its first brewery in Singapore and launched the award-winning Tiger beer. It was renamed APB in 1990 and has expanded its global marketing network to cover 60 countries, supported by 30 breweries in 14 countries, according to its website. APB is strategically important to Heineken because of an agreement under which the Dutch brewer can only expand in the Asia-Pacific region through its joint venture API. Hit by the economic woes in Europe, Heineken is believed to be in a much greater hurry to expand in Asia, especially in China, but is constrained by the tie-up. The agreement also allows F& N to decide on the appointment of APB's chief executive, which is why APB is considered an F& N subsidiary even though it does not have more than 50 per cent of the company. Trading in APB and F& N shares was halted yesterday for investors to reflect on the Heineken announcement. ThaiBev shares surged 7.4 per cent to 36.5 cents each, while OCBC shares gained 0,3 per cent to S$9.52 and GEH shares shed 0.3 per cent to S$13.52. |
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sgnewbie
Master |
20-Jul-2012 10:41
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http://sgxinfo.blogspot.sg/2012/07/special-dividend-hopes-drive-ocbc-share.html | |||||||||||||||||||||
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kiasutrader_13
Member |
19-Jul-2012 17:08
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    Anyone know why the price target is lower from research houses but the share price still up?
  Read more:  http://sgx.i3investor.com/servlets/stk/o39.jsp |
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TradeChancellor
Veteran |
19-Jul-2012 11:36
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ooh nw thai beverage will be interesting to look at, it has now properties in its portfolio because of F& N :) | |||||||||||||||||||||
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hlfoo2010
Veteran |
19-Jul-2012 09:43
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WHY BB selling strongly | |||||||||||||||||||||
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sgnewbie
Master |
19-Jul-2012 09:14
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http://sgxreports.blogspot.sg/2012/07/ocbc.html | |||||||||||||||||||||
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risktaker
Supreme |
19-Jul-2012 08:48
Yells: "Sometimes you think you know, but in fact you dont" |
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Price bit factor in upside is limited....
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katak88
Senior |
19-Jul-2012 08:33
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  OCBC, Great Eastern to sell combined stakes in F& N, APB Posted: 18 July 2012 2331 hrs  SINGAPORE: Banking group OCBC Bank and its insurance subsidiary Great Eastern Holdings have entered into an agreement to sell their stakes in Fraser and Neave (F& N) and Asia Pacific Breweries (APB) in a deal worth a total of S$3.2 billion. In a statement to the Singapore Exchange, OCBC and Great Eastern said they are selling their combined 18.2 per cent stake in F& N to Singapore-listed Thai Beverage at S$8.88 per share. This works out to a total sum of about S$2.3 billion. The sale price is at an 11.5 per cent premium to F& N's closing price of S$7.96 on Wednesday. In a separate announcement, Thai Beverage says it is also acquiring a 3.8 per cent stake in F& N now held by Lee Rubber Company. This means Thai Beverage is buying over a 22 per cent stake in F& N for a total sum of S$2.8 billion. Meanwhile, OCBC's and Great Eastern's combined 7.9 per cent stake in APB will be sold for S$920.2 million, or S$45 a share, to Kindest Place Groups. The sale price works out to an 18 per cent premium to APB's closing share price of S$38.10 on Wednesday. Kindest Place Groups is a company linked to Thai tycoon Charoen Sirivadhanabhakdi, as it is owned by his son-in-law Chotiphat Bijananda. Mr Charoen is also chairman and founder of Thai Beverage. OCBC said the divestment was in line with the bank's strategy of " divesting its non-core assets and re-investing in its core financial businesses" . From the combined divestment by OCBC and Great Eastern, OCBC Group will make a total post-tax gain of about S$1.15 billion.  OCBC adds that the deal is expected to be completed in 90 days. - CNA/wm  |
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katak88
Senior |
19-Jul-2012 08:29
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Divide by abt 3.4 B shares, post-tax gain/shs = 1.1534/3.4 = 33.9 cts/shs  
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alexmay
Veteran |
18-Jul-2012 22:39
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Huat Ahhhh, sale is through!! Based on the price of S$45.00 per APB Sale Share and S$8.88 per F& N Sale Share:- the OCBC Group (excluding GEH and its subsidiaries (“GEH Group”)) will realise a posttax gain of approximately S$785.9 million from the disposal of the APB Sale Shares and  the F& N Sale Shares and   including the disposal by the GEH Group, the total post-tax gain of the OCBC Group  (including share of post-tax gain attributable to shareholders of GEH Group) is estimated  at approximately S$1,153.4 million Special Bonus on the way!!!!!  |
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steadylar
Veteran |
18-Jul-2012 20:58
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Tks! So  potential buyer is Thai beverage....mystery solved by itself! Interesting, our Singapore Tiger beer must be  irresistable.... attract not only Kirin beer, Heineken beer, now also attract thai beer, If successful, from now on APB and F& N Board meetings will get even more  exciting and full of drama........  |
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TradeChancellor
Veteran |
18-Jul-2012 11:24
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THAI BEVERAGE http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_995094897F05E98C48257A3E00831884/$file/TB_Holding_Announcement.pdf?openelement see today's news at SGX from thai beverage  
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steadylar
Veteran |
17-Jul-2012 23:19
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Is the buyer Heiniken or Kirin? Until the offer price its finalised, volatility continues....... buyer must be quite desperate to  be buying  at such  levels.  OCBC and GEH tarn tio liao. | |||||||||||||||||||||
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steadylar
Veteran |
17-Jul-2012 14:45
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during lunch my fren said he want to short F& N i told him he is siao (mad) to short a raging bull! better stay by the side and watch the show.... | |||||||||||||||||||||
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steadylar
Veteran |
17-Jul-2012 14:38
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Back from lunch, saw F& N price falling fast.....very interesting case...... Yesterday closed $7.90 today opened up $7.95 highest $8.34  now $8.02!!! super volatile!  those who long or short, can get heart attack shit! my longs in other stocks never move but like gostan some more   |
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