Last $7.57 USD
Change Today -0.19 / -2.45%
Volume 3.7K
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

oversea-chinese banking corp (OVCHF) Key Developments

Oversea-Chinese Banking In Talks To Sell Stake In United Engineers

Oversea-Chinese Banking Corporation Limited (SGX:O39), its insurance arm and the bank’s founding Lee family are in talks to sell their combined 34.1% stake in United Engineers Limited (SGX:U04) to an entity controlled by Thai billionaire Charoen Sirivadhanabhakdi. The parties are in exclusive negotiations under an agreement that expires February 13, 2015.

Oversea-Chinese Banking Corporation Limited, Q4 2014 Earnings Call, Feb 11, 2015

Oversea-Chinese Banking Corporation Limited, Q4 2014 Earnings Call, Feb 11, 2015

Oversea-Chinese Banking Corporation Limited Announces Dividend for the Financial Year Ended December 31, 2014

Oversea-Chinese Banking Corporation Limited announced, in its full year 2014 results announcement, that its Scrip Dividend Scheme will be applicable to the final one-tier tax exempt dividend for the financial year ended 31 December 2014 of 18 cents per ordinary share, subject to the approval of Members at the Annual General Meeting of the Bank to be held on 28 April 2015 for the fiscal year 2014 final dividend and the allotment and issue of new Shares pursuant to the Scheme.

Oversea-Chinese Banking Corporation Proposes Final Dividend for Fiscal Year 2014; Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Oversea-Chinese Banking Corporation Limited proposed final dividend of 18 cents per share, bringing fiscal year 2014 total dividend to 36 cents, an increase of 6% over fiscal year 2013. The company reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the full year, the company reported net interest income of SGD 4,736 million compared to SGD 3,883 million a year ago. Operating profit before allowances and amortization was SGD 4,691 million compared to SGD 3,837 million a year ago. Profit before income tax was SGD 4,372 million compared to SGD 3,567 million a year ago. Net profit attributable to shareholders was SGD 3,842 million compared to SGD 2,768 million a year ago. Diluted earnings per share were 102.4 cents compared to 75.8 cents a year ago. Profit for the period was SGD 4,076 million compared to SGD 2,970 million a year ago. Net cash from operating activities was SGD 6,159 million compared to net cash used in operating activities of SGD 4,870 million a year ago. Purchases of property, plant and equipment and investment property was SGD 332 million compared to SGD 336 million a year ago. Core net profits grew 25%. This was driven by a strong performance across all of customer segment. Net interest income was up 22% to a new record from strong asset growth and a 4-basis-point increase in net interest margin. Fee income grew 10%. Contribution from Great Eastern rose 33% from a year ago as the result of the improved operating profit and mark-to-market gains in the Non-Participating Fund. Trading income was 39% higher year-on-year. Core return on equity was up year-on-year to 13.2% as a result obviously of the strong core net profit in 2014. For the quarter, the company reported net interest income of SGD 1,277 million compared to SGD 1,031 million a year ago. Operating profit before allowances and amortization was SGD 1,117 million compared to SGD 997 million a year ago. Profit before income tax was SGD 995 million compared to SGD 920 million a year ago. Net profit attributable to shareholders was SGD 791 million compared to SGD 715 million a year ago. Diluted earnings per share were 19.1 cents compared to 19.4 cents a year ago. Profit for the period was SGD 849 million compared to SGD 766 million a year ago. Net cash from operating activities was SGD 4,103 million compared to SGD 1,254 million a year ago. Purchases of property, plant and equipment and investment property was SGD 113 million compared to SGD 94 million a year ago. ROE was 10.6% compared to 11.9% a year ago. On a quarter-to-quarter basis, core net profit was 6% lower. The quarter results also included Bank of Ningbo's contributed as an associated company of the group. The decline in ROE was mainly due to enlarged share base arising from a rights issue in September 2014 and also from the Scrip Dividend.

Oversea-Chinese Banking Corporation Limited Presents at Marine Money Singapore Offshore Finance Forum, Feb-04-2015 11:20 AM

Oversea-Chinese Banking Corporation Limited Presents at Marine Money Singapore Offshore Finance Forum, Feb-04-2015 11:20 AM. Venue: Goodwood Park Hotel, Singapore. Speakers: Andrew Teo, Joint Lead, Singapore Coverage, Global Investment Banking.

 

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Valuation OVCHF Industry Range
Price/Earnings 10.0x
Price/Sales 5.3x
Price/Book 1.3x
Price/Cash Flow 10.6x
TEV/Sales NM Not Meaningful
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