Philip Chua Business Blog

Posts Tagged ‘share’

OCBC Bank's net profit rose 8 per cent to $503 million in the second quarter compared to a year ago, missing analysts' estimates, as the group struggled to boost its lending income amid low interest rates, while investment income halved due to turbulent financial markets. But OCBC raised its dividend for the first six months of the year to 15 cents per share, from 14 cents previously - the first t... more

BROKERS have cut their share price targets for the Singapore Exchange (SGX), ahead of its quarterly results next week, predicting earnings will be hit by weaker trading volumes.
But they also believe the exchange could benefit from an economic upturn and the stewardship of new CEO Magnus Bocker.
CIMB, in a research report, cut its target price for SGX to $8.38 from $8.83 and lowered its FY2010-12 … more

(SINGAPORE) Last year’s stock market was not for the faint-hearted. As share prices threatened to hit new lows in the early months, investors pulled out and prayed silently for the financial crisis to end.
It was not a good time to be trumpeting ‘buy’ calls, as some analysts found out. They needed not just strong nerves to go against the bearish tide, but also solid numbers to convince investors. … more

(SINGAPORE) HDB upgraders account for a shrinking share of private home transactions as property prices rise and mass-market launches taper off.

In contrast, private housing dwellers are buying more property as economic sentiment improves, keeping the real estate market afloat.
According to property consultancy DTZ, buyers with HDB addresses picked up 4,0… more

Maybe, or maybe not.
It’s what a lot of experts are saying, and it’s what some of us who work at FSM believed will happen. So we liquidated a part of our portfolios and kept some cash, some of us as early as June 2009, and we waited for the correction to come so that we would have some cash to buy in when share prices fell.
… more

(SINGAPORE) The rights issue must, ironically, be feeling rather wronged. Used frequently by companies at the beginning of the year before the market had rallied, rights issues have been unceremoniously cast aside in favour of share placements.
As far as secondary fundraisings go, these two cash-call methods have been given vastly differing treatments by the market this year.
While stock prices ha… more