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Singapore Stocks to Watch: Mapletree Logistics Trust, Chip Eng Seng, Ossia International
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🤞🤞🤞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251198270255368","isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924375939,"gmtCreate":1672190501221,"gmtModify":1676538649096,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117102448937872","authorIdStr":"4117102448937872"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924375939","repostId":"1185725903","repostType":4,"repost":{"id":"1185725903","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672190065,"share":"https://ttm.financial/m/news/1185725903?lang=&edition=fundamental","pubTime":"2022-12-28 09:14","market":"sg","language":"en","title":"Singapore Stocks to Watch: Mapletree Logistics Trust, Chip Eng Seng, Ossia International","url":"https://stock-news.laohu8.com/highlight/detail?id=1185725903","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Wednesda","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 28):</p><p><b>Mapletree Logistics Trust </b>(MLT) has agreed to sell its 23-year-old cargo lift warehouse on 3 Changi South Lane to Nova Furnishing Holdings for S$22 million as part of its manager’s rejuvenation strategy.</p><p>The proposed sale price represents a 39.2 per cent premium to the property’s latest valuation of S$15.8 million as at Oct 1.</p><p>Property player <b>Chip Eng Seng</b>’s independent financial adviser (IFA) Xandar Capital on Tuesday (Dec 27) said terms of couple Gordon and Celine Tang’s offer to privatise the company at S$0.75 per share are fair “on balance” when asked to elaborate on how it concluded that the deal is “fair and reasonable”.</p><p>The final offer consideration represents a discount of approximately S$0.5863 or 43.9 per cent to the revalued net asset value (RNAV) per share of S$1.3363, drawing queries from the Singapore Exchange Securities Trading (SGX-ST).</p><p>Watch-listed company <b>Ossia International</b> said the Singapore Exchange Securities Trading (SGX-ST) confirmed on Tuesday (Dec 27) it does not object to granting it a third time extension to meet the financial criteria to exit the watch list.</p><p>In a bourse filing, the Singapore-based distributor and retailer of luxury goods said the extension being sought was for another 12 months, to Dec 4, 2023.</p><p>The original deadline was Dec 4, 2020.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: Mapletree Logistics Trust, Chip Eng Seng, Ossia International</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: Mapletree Logistics Trust, Chip Eng Seng, Ossia International\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-28 09:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 28):</p><p><b>Mapletree Logistics Trust </b>(MLT) has agreed to sell its 23-year-old cargo lift warehouse on 3 Changi South Lane to Nova Furnishing Holdings for S$22 million as part of its manager’s rejuvenation strategy.</p><p>The proposed sale price represents a 39.2 per cent premium to the property’s latest valuation of S$15.8 million as at Oct 1.</p><p>Property player <b>Chip Eng Seng</b>’s independent financial adviser (IFA) Xandar Capital on Tuesday (Dec 27) said terms of couple Gordon and Celine Tang’s offer to privatise the company at S$0.75 per share are fair “on balance” when asked to elaborate on how it concluded that the deal is “fair and reasonable”.</p><p>The final offer consideration represents a discount of approximately S$0.5863 or 43.9 per cent to the revalued net asset value (RNAV) per share of S$1.3363, drawing queries from the Singapore Exchange Securities Trading (SGX-ST).</p><p>Watch-listed company <b>Ossia International</b> said the Singapore Exchange Securities Trading (SGX-ST) confirmed on Tuesday (Dec 27) it does not object to granting it a third time extension to meet the financial criteria to exit the watch list.</p><p>In a bourse filing, the Singapore-based distributor and retailer of luxury goods said the extension being sought was for another 12 months, to Dec 4, 2023.</p><p>The original deadline was Dec 4, 2020.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O08.SI":"奥斯国际","M44U.SI":"丰树物流信托"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185725903","content_text":"THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 28):Mapletree Logistics Trust (MLT) has agreed to sell its 23-year-old cargo lift warehouse on 3 Changi South Lane to Nova Furnishing Holdings for S$22 million as part of its manager’s rejuvenation strategy.The proposed sale price represents a 39.2 per cent premium to the property’s latest valuation of S$15.8 million as at Oct 1.Property player Chip Eng Seng’s independent financial adviser (IFA) Xandar Capital on Tuesday (Dec 27) said terms of couple Gordon and Celine Tang’s offer to privatise the company at S$0.75 per share are fair “on balance” when asked to elaborate on how it concluded that the deal is “fair and reasonable”.The final offer consideration represents a discount of approximately S$0.5863 or 43.9 per cent to the revalued net asset value (RNAV) per share of S$1.3363, drawing queries from the Singapore Exchange Securities Trading (SGX-ST).Watch-listed company Ossia International said the Singapore Exchange Securities Trading (SGX-ST) confirmed on Tuesday (Dec 27) it does not object to granting it a third time extension to meet the financial criteria to exit the watch list.In a bourse filing, the Singapore-based distributor and retailer of luxury goods said the extension being sought was for another 12 months, to Dec 4, 2023.The original deadline was Dec 4, 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923149640,"gmtCreate":1670813941781,"gmtModify":1676538438868,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117102448937872","authorIdStr":"4117102448937872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$ </a><v-v 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[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902808455","repostId":"1133988321","repostType":4,"repost":{"id":"1133988321","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1659660400,"share":"https://ttm.financial/m/news/1133988321?lang=&edition=fundamental","pubTime":"2022-08-05 08:46","market":"sg","language":"en","title":"Singapore Stocks to Watch: Wilmar, Sembcorp, Ascendas Reit, FLCT, StarHub","url":"https://stock-news.laohu8.com/highlight/detail?id=1133988321","media":"Tiger Newspress","summary":"THE following companies saw new developments that may affect trading of their securities on Friday (","content":"<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Friday (Aug 5):</p><p><b>WILMAR International</b> reported on Thursday (Aug 4) a 55.1 per cent jump in net profit for its first half ended June 2022, on the back of improved performance across all key business segments and higher contributions from associates and joint ventures.</p><p>Net profit for the 6 month period rose to US$1.2 billion from US$750.9 million in the year-ago period, the company said in a bourse filing. On a per share basis, earnings increased to US$0.185 in H1 2022 from US$0.119 previously.</p><p><b>SEMBCORP Industries </b>on Friday (Aug 5) posted a surge in net profit to S$490 million for the half year ended Jun 30, from S$46 million a year ago, with higher contributions from its renewables and conventional energy segment.</p><p>Before exceptional items, which include gains on the disposal of the Subic Water & Sewerage and write-back of impairment upon disposal of Biowater Technology, net profit for H1 2021 would be S$252 million, representing a 94 per cent gain year on year.</p><p><b>ASCENDAS Real Estate Investment Trust</b> has proposed the acquisition of the Philips Asean Pacific (APAC) Centre from Philips Electronics Singapore for S$104.8 million.</p><p>A-Reit’s manager said on Thursday (Aug 4) that the proposed deal is “well-aligned” with the Reit’s strategic intention, and will strengthen both its portfolio and customer base. The manager is also targeting to attain a Building and Construction Authority (BCA) Green Mark GoldPlus certification for the property after the completion of the proposed acquisition.</p><p><b>FRASERS Logistics & Commercial Trust </b>recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.</p><p>Amid this “healthy leasing momentum”, FLCT maintained 100 per cent for its logistics and industrial (L&I) portfolio, with no expiries in Q4, it added. The commercial portfolio recorded a 91.3 per cent occupancy rate, with 0.9 per cent of income expiring in Q4. Overall occupancy came in at 96.5 per cent.</p><p>MAINBOARD-LISTED telco <b>StarHub</b> on Thursday (Aug 4) posted a 10.3 per cent drop in net profit to S$60.9 million for its half year ended Jun 30, 2022, from S$67.9 million a year ago.</p><p>This was despite higher revenue for the half year, which rose 8.7 per cent to S$1.1 billion from S$973.7 million a year ago, the group said in a regulatory filing.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: Wilmar, Sembcorp, Ascendas Reit, FLCT, StarHub</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks to Watch: Wilmar, Sembcorp, Ascendas Reit, FLCT, StarHub\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-05 08:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>THE following companies saw new developments that may affect trading of their securities on Friday (Aug 5):</p><p><b>WILMAR International</b> reported on Thursday (Aug 4) a 55.1 per cent jump in net profit for its first half ended June 2022, on the back of improved performance across all key business segments and higher contributions from associates and joint ventures.</p><p>Net profit for the 6 month period rose to US$1.2 billion from US$750.9 million in the year-ago period, the company said in a bourse filing. On a per share basis, earnings increased to US$0.185 in H1 2022 from US$0.119 previously.</p><p><b>SEMBCORP Industries </b>on Friday (Aug 5) posted a surge in net profit to S$490 million for the half year ended Jun 30, from S$46 million a year ago, with higher contributions from its renewables and conventional energy segment.</p><p>Before exceptional items, which include gains on the disposal of the Subic Water & Sewerage and write-back of impairment upon disposal of Biowater Technology, net profit for H1 2021 would be S$252 million, representing a 94 per cent gain year on year.</p><p><b>ASCENDAS Real Estate Investment Trust</b> has proposed the acquisition of the Philips Asean Pacific (APAC) Centre from Philips Electronics Singapore for S$104.8 million.</p><p>A-Reit’s manager said on Thursday (Aug 4) that the proposed deal is “well-aligned” with the Reit’s strategic intention, and will strengthen both its portfolio and customer base. The manager is also targeting to attain a Building and Construction Authority (BCA) Green Mark GoldPlus certification for the property after the completion of the proposed acquisition.</p><p><b>FRASERS Logistics & Commercial Trust </b>recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.</p><p>Amid this “healthy leasing momentum”, FLCT maintained 100 per cent for its logistics and industrial (L&I) portfolio, with no expiries in Q4, it added. The commercial portfolio recorded a 91.3 per cent occupancy rate, with 0.9 per cent of income expiring in Q4. Overall occupancy came in at 96.5 per cent.</p><p>MAINBOARD-LISTED telco <b>StarHub</b> on Thursday (Aug 4) posted a 10.3 per cent drop in net profit to S$60.9 million for its half year ended Jun 30, 2022, from S$67.9 million a year ago.</p><p>This was despite higher revenue for the half year, which rose 8.7 per cent to S$1.1 billion from S$973.7 million a year ago, the group said in a regulatory filing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CC3.SI":"星和","U96.SI":"胜科工业","F34.SI":"丰益国际","A17U.SI":"凯德腾飞房产信托","BUOU.SI":"星狮物流工业信托"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133988321","content_text":"THE following companies saw new developments that may affect trading of their securities on Friday (Aug 5):WILMAR International reported on Thursday (Aug 4) a 55.1 per cent jump in net profit for its first half ended June 2022, on the back of improved performance across all key business segments and higher contributions from associates and joint ventures.Net profit for the 6 month period rose to US$1.2 billion from US$750.9 million in the year-ago period, the company said in a bourse filing. On a per share basis, earnings increased to US$0.185 in H1 2022 from US$0.119 previously.SEMBCORP Industries on Friday (Aug 5) posted a surge in net profit to S$490 million for the half year ended Jun 30, from S$46 million a year ago, with higher contributions from its renewables and conventional energy segment.Before exceptional items, which include gains on the disposal of the Subic Water & Sewerage and write-back of impairment upon disposal of Biowater Technology, net profit for H1 2021 would be S$252 million, representing a 94 per cent gain year on year.ASCENDAS Real Estate Investment Trust has proposed the acquisition of the Philips Asean Pacific (APAC) Centre from Philips Electronics Singapore for S$104.8 million.A-Reit’s manager said on Thursday (Aug 4) that the proposed deal is “well-aligned” with the Reit’s strategic intention, and will strengthen both its portfolio and customer base. The manager is also targeting to attain a Building and Construction Authority (BCA) Green Mark GoldPlus certification for the property after the completion of the proposed acquisition.FRASERS Logistics & Commercial Trust recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.Amid this “healthy leasing momentum”, FLCT maintained 100 per cent for its logistics and industrial (L&I) portfolio, with no expiries in Q4, it added. The commercial portfolio recorded a 91.3 per cent occupancy rate, with 0.9 per cent of income expiring in Q4. Overall occupancy came in at 96.5 per cent.MAINBOARD-LISTED telco StarHub on Thursday (Aug 4) posted a 10.3 per cent drop in net profit to S$60.9 million for its half year ended Jun 30, 2022, from S$67.9 million a year ago.This was despite higher revenue for the half year, which rose 8.7 per cent to S$1.1 billion from S$973.7 million a year ago, the group said in a regulatory filing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915717484,"gmtCreate":1665108974249,"gmtModify":1676537558864,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$</a><v-v data-views=\"1\"></v-v>","text":"$SINGTEL(Z74.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9915717484","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042878337,"gmtCreate":1656464344929,"gmtModify":1676535834196,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042878337","repostId":"1133152996","repostType":4,"repost":{"id":"1133152996","kind":"news","pubTimestamp":1656461464,"share":"https://ttm.financial/m/news/1133152996?lang=&edition=fundamental","pubTime":"2022-06-29 08:11","market":"sg","language":"en","title":"Singapore Stock Market Tipped To Open In The Red","url":"https://stock-news.laohu8.com/highlight/detail?id=1133152996","media":"RRTNews","summary":"The Singapore stock market has moved higher in three straight trading days, improving more than 45 p","content":"<html><head></head><body><p>The Singapore stock market has moved higher in three straight trading days, improving more than 45 points or 1.6 percent along the way. The Straits Times Index now rests just above the 3,140-point plateau although it's due for consolidation on Wednesday.</p><p>The global forecast for the Asian markets is mixed to lower, with support from oil stocks likely offset by weakness from technology and retail companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.</p><p>The STI finished slightly higher on Tuesday following gains from the properties and industrials, while the financials were mixed.</p><p>For the day, the index rose 2.67 points or 0.09 percent to finish at 3,140.21 after trading between 3,124.22 and 3,145.17. Volume was 1.30 billion shares worth 1.07 billion Singapore dollars. There were 271 gainers and 221 decliners.</p><p>Among the actives, Ascendas REIT rallied 1.05 percent, while CapitaLand Integrated Commercial Trust rose 0.46 percent, CapitaLand Investment advanced 0.78 percent, Comfort DelGro declined 0.71 percent, DBS Group dipped 0.20 percent, Genting Singapore sank 0.67 percent, Hongkong Land soared 2.64 percent, Mapletree Commercial Trust spiked 1.08 percent, Mapletree Industrial Trust shed 0.38 percent, Mapletree Logistics Trust dropped 0.58 percent, Oversea-Chinese Banking Corporation collected 0.61 percent, SATS perked 0.25 percent, SembCorp Industries jumped 1.06 percent, Singapore Exchange climbed 0.94 percent, Singapore Technologies Engineering added 0.49 percent, SingTel tanked 1.15 percent, United Overseas Bank fell 0.23 percent, Wilmar International gained 0.48 percent, Yangzijiang Shipbuilding surged 2.72 percent and Keppel Corp, Yangzijiang Financial, City Developments and Thai Beverage were unchanged.</p><p>The lead from Wall Street is broadly negative as the major averages shook off early gains and quickly turned lower, finishing the day near session lows.</p><p>The Dow tumbled 491.27 points or 1.56 percent to finish at 30,946.99, while the NASDAQ plunged 343.01 points or 2.98 percent to close at 11,181.54 and the S&P 500 slumped 78.56 points or 2.01 percent to end at 3,821.55.</p><p>The initial strength on Wall Street partly reflected a positive reaction to news that China has cut quarantine times for international travelers in a big step toward easing Covid-19 controls.</p><p>But buying interest waned shortly after the start of trading, however, with lingering concerns about a potential recession continuing to weigh on the markets.</p><p>Negative sentiment may also have been generated in reaction to a report from the Conference Board showing U.S. consumer confidence deteriorated to its lowest level in over a year in June.</p><p>Crude oil prices rose sharply on Tuesday, extending recent gains after Saudi Arabia and the United Arab Emirates indicated that they can barely increase oil production. West Texas Intermediate crude oil futures for August ended higher by $2.19 or 2 percent at $111.76 per barrel.</p><p>Closer to home, Singapore will release May figures for import prices, export prices and producer prices later today. In April, import prices jumped 24.7 percent on year, export prices spiked 26.3 percent on year and producer prices soared an annual 29.5 percent.</p></body></html>","source":"lsy1626938412129","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stock Market Tipped To Open In The Red</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market Tipped To Open In The Red\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 08:11 GMT+8 <a href=https://www.rttnews.com/3293334/singapore-stock-market-tipped-to-open-in-the-red.aspx><strong>RRTNews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has moved higher in three straight trading days, improving more than 45 points or 1.6 percent along the way. The Straits Times Index now rests just above the 3,140-point ...</p>\n\n<a href=\"https://www.rttnews.com/3293334/singapore-stock-market-tipped-to-open-in-the-red.aspx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3293334/singapore-stock-market-tipped-to-open-in-the-red.aspx","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133152996","content_text":"The Singapore stock market has moved higher in three straight trading days, improving more than 45 points or 1.6 percent along the way. The Straits Times Index now rests just above the 3,140-point plateau although it's due for consolidation on Wednesday.The global forecast for the Asian markets is mixed to lower, with support from oil stocks likely offset by weakness from technology and retail companies. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.The STI finished slightly higher on Tuesday following gains from the properties and industrials, while the financials were mixed.For the day, the index rose 2.67 points or 0.09 percent to finish at 3,140.21 after trading between 3,124.22 and 3,145.17. Volume was 1.30 billion shares worth 1.07 billion Singapore dollars. There were 271 gainers and 221 decliners.Among the actives, Ascendas REIT rallied 1.05 percent, while CapitaLand Integrated Commercial Trust rose 0.46 percent, CapitaLand Investment advanced 0.78 percent, Comfort DelGro declined 0.71 percent, DBS Group dipped 0.20 percent, Genting Singapore sank 0.67 percent, Hongkong Land soared 2.64 percent, Mapletree Commercial Trust spiked 1.08 percent, Mapletree Industrial Trust shed 0.38 percent, Mapletree Logistics Trust dropped 0.58 percent, Oversea-Chinese Banking Corporation collected 0.61 percent, SATS perked 0.25 percent, SembCorp Industries jumped 1.06 percent, Singapore Exchange climbed 0.94 percent, Singapore Technologies Engineering added 0.49 percent, SingTel tanked 1.15 percent, United Overseas Bank fell 0.23 percent, Wilmar International gained 0.48 percent, Yangzijiang Shipbuilding surged 2.72 percent and Keppel Corp, Yangzijiang Financial, City Developments and Thai Beverage were unchanged.The lead from Wall Street is broadly negative as the major averages shook off early gains and quickly turned lower, finishing the day near session lows.The Dow tumbled 491.27 points or 1.56 percent to finish at 30,946.99, while the NASDAQ plunged 343.01 points or 2.98 percent to close at 11,181.54 and the S&P 500 slumped 78.56 points or 2.01 percent to end at 3,821.55.The initial strength on Wall Street partly reflected a positive reaction to news that China has cut quarantine times for international travelers in a big step toward easing Covid-19 controls.But buying interest waned shortly after the start of trading, however, with lingering concerns about a potential recession continuing to weigh on the markets.Negative sentiment may also have been generated in reaction to a report from the Conference Board showing U.S. consumer confidence deteriorated to its lowest level in over a year in June.Crude oil prices rose sharply on Tuesday, extending recent gains after Saudi Arabia and the United Arab Emirates indicated that they can barely increase oil production. West Texas Intermediate crude oil futures for August ended higher by $2.19 or 2 percent at $111.76 per barrel.Closer to home, Singapore will release May figures for import prices, export prices and producer prices later today. In April, import prices jumped 24.7 percent on year, export prices spiked 26.3 percent on year and producer prices soared an annual 29.5 percent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980969452,"gmtCreate":1665629041576,"gmtModify":1676537639088,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a><v-v data-views=\"1\"></v-v>","text":"$DBS GROUP HOLDINGS 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","text":"$SINGTEL(Z74.SI)$[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995419210","isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990989584,"gmtCreate":1660271472651,"gmtModify":1676533441764,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BWCU.SI\">$EC WORLD REIT(BWCU.SI)$</a>Dividend announced ","listText":"<a href=\"https://ttm.financial/S/BWCU.SI\">$EC WORLD REIT(BWCU.SI)$</a>Dividend announced ","text":"$EC WORLD REIT(BWCU.SI)$Dividend 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to improve?","images":[{"img":"https://community-static.tradeup.com/news/163b7ca7ea4ab2d8e9e483285fdb7241","width":"1080","height":"2351"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903364738","isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9073667030,"gmtCreate":1657335352120,"gmtModify":1676535994172,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>keep going","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>keep going","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$keep going","images":[{"img":"https://community-static.tradeup.com/news/f0909ba33c7f55fcfab1c1f4abea6a3e","width":"1080","height":"2351"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073667030","isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9079140899,"gmtCreate":1657161736911,"gmtModify":1676535962057,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"Nice read","listText":"Nice read","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079140899","repostId":"1109121214","repostType":4,"repost":{"id":"1109121214","kind":"news","pubTimestamp":1657160408,"share":"https://ttm.financial/m/news/1109121214?lang=&edition=fundamental","pubTime":"2022-07-07 10:20","market":"sg","language":"en","title":"UOB and OCBC’s Share Prices Are Nearing Their 52-Week Lows: Can They Recover?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109121214","media":"The Smart Investor","summary":"Are the two local banks going to do well in the coming quarters? We delve deeper to bring you the in","content":"<html><head></head><body><p>Are the two local banks going to do well in the coming quarters? We delve deeper to bring you the insights.</p><p><img src=\"https://static.tigerbbs.com/b02dc0f0f62319839a0c753241b1706a\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>There has been a flurry of worries surrounding the economy in recent months.</p><p>With the outbreak of the Russia-Ukraine war, along with disrupted supply chains and high inflation, many stocks have tumbled as investors grow jittery.</p><p>However, it’s under these trying circumstances that you can find juicy bargains.</p><p>Share price falls should be viewed as opportunities to acquire shares of strong companies on the cheap to hold for the long run.</p><p>The three local banks qualify as suitable investments to consider as they are reputable blue-chip companies with solid track records.</p><p>Valuation-wise, <b>DBS Group</b> (SGX: D05) is the most expensive, trading at a price-to-book (P/B) ratio of 1.43 times.</p><p>Both <b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, and <b>OCBC Ltd</b> (SGX: O39) are trading at P/B ratios of 1.1 and 0.98 times, respectively.</p><p>UOB and OCBC are also trading close to their respectively 52-week lows of S$25.28 and S$10.98.</p><p>Can the share prices of these two banks stage a recovery?</p><p><b>Rising net interest income</b></p><p>The US Federal Reserve recently initiated its largest rate hike in 28 years by raising the Federal Funds Rate by 0.75 percentage points.</p><p>The move was to bring down inflation which hit a 40-year high of 8.6% back in May.</p><p>The good news is that banks thrive on higher interest rates as they can dole out loans at steeper rates, thus improving their net interest margin (NIM).</p><p>And as NIMs improve, they also provide an uplift to the banks’ main income source – their net interest income (NII).</p><p>UOB and OCBC have indicated that their NII will improve by S$600 million and S$700 million, respectively, for every percentage point increase in the Federal Funds Rate.</p><p>This represents a 9.4% boost to UOB’s NII for its fiscal 2021 (FY2021) and a close to 12% jump in OCBC’s NII for the same period.</p><p>Investors may need to wait a few quarters to see the full impact, though, as banks will need time to fully reprice their loans.</p><p>The Federal Reserve may also continue raising rates later this month and during subsequent meetings, thereby providing a further tailwind to both NIM and NII.</p><p><b>Acquisition to grow its franchise</b></p><p>Apart from organic growth, investors can also look to acquisitions to increase the bank’s revenue stream and bolster its franchise.</p><p>UOB announced its first acquisition in 17 years back in January this year, purchasing the consumer banking business of <b>Citigroup</b> (NYSE: C) in four countries – Malaysia, Indonesia, Thailand, and Vietnam.</p><p>The acquisition includes the US bank’s unsecured and secured lending portfolios, wealth management unit and retail deposits business.</p><p>The purchase aimed to accelerate UOB’s customer growth and enable it to leapfrog ahead of the competition, a much quicker method than growing its franchise organically.</p><p><b>Potential headwinds</b></p><p>Despite the good news, investors need to watch for potential headwinds that may crop up if a recession does hit our shores.</p><p>Three areas of the banks will be negatively impacted should this event come to pass.</p><p>The first is fee income from wealth management and credit cards, as people will generally invest and spend less during a downturn.</p><p>Secondly, loan growth may be anaemic or even turn negative as higher interest rates may deter some companies from taking on debt.</p><p>Finally, an economic slowdown may result in more borrowers having difficulty servicing their loans, resulting in higher provisions to be made by the banks.</p><p><b>Reliable dividends</b></p><p>Both UOB and OCBC have shown their willingness to reward income-seeking investors with dividends.</p><p>UOB paid out S$1.20 per share for FY2021 while OCBC dished out S$0.53, translating to a dividend yield of 4.5% for UOB and 4.7% for OCBC.</p><p>During challenging times, investors can rely on the banks to provide a continuous stream of unbroken passive income to tide them through.</p><p><b>Get Smart: Resilient and dependable</b></p><p>UOB and OCBC have shown themselves to be resilient despite the pandemic, and their dividends are also dependable.</p><p>Higher interest rates will serve as a tailwind for the business while UOB’s acquisition should also see it broadening its reach and boosting its customer base.</p><p>Although there are immediate risks on the horizon, investors should take the long view when it comes to investing in these banks.</p><p>Any downturn will eventually pass and these two banks have proven that they can weather numerous business cycles successfully over the decades.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UOB and OCBC’s Share Prices Are Nearing Their 52-Week Lows: Can They Recover?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ 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They Recover?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-07 10:20 GMT+8 <a href=https://thesmartinvestor.com.sg/uob-and-ocbcs-share-prices-are-nearing-their-52-week-lows-can-they-recover/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Are the two local banks going to do well in the coming quarters? We delve deeper to bring you the insights.There has been a flurry of worries surrounding the economy in recent months.With the outbreak...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/uob-and-ocbcs-share-prices-are-nearing-their-52-week-lows-can-they-recover/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行"},"source_url":"https://thesmartinvestor.com.sg/uob-and-ocbcs-share-prices-are-nearing-their-52-week-lows-can-they-recover/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109121214","content_text":"Are the two local banks going to do well in the coming quarters? We delve deeper to bring you the insights.There has been a flurry of worries surrounding the economy in recent months.With the outbreak of the Russia-Ukraine war, along with disrupted supply chains and high inflation, many stocks have tumbled as investors grow jittery.However, it’s under these trying circumstances that you can find juicy bargains.Share price falls should be viewed as opportunities to acquire shares of strong companies on the cheap to hold for the long run.The three local banks qualify as suitable investments to consider as they are reputable blue-chip companies with solid track records.Valuation-wise, DBS Group (SGX: D05) is the most expensive, trading at a price-to-book (P/B) ratio of 1.43 times.Both United Overseas Bank Ltd (SGX: U11), or UOB, and OCBC Ltd (SGX: O39) are trading at P/B ratios of 1.1 and 0.98 times, respectively.UOB and OCBC are also trading close to their respectively 52-week lows of S$25.28 and S$10.98.Can the share prices of these two banks stage a recovery?Rising net interest incomeThe US Federal Reserve recently initiated its largest rate hike in 28 years by raising the Federal Funds Rate by 0.75 percentage points.The move was to bring down inflation which hit a 40-year high of 8.6% back in May.The good news is that banks thrive on higher interest rates as they can dole out loans at steeper rates, thus improving their net interest margin (NIM).And as NIMs improve, they also provide an uplift to the banks’ main income source – their net interest income (NII).UOB and OCBC have indicated that their NII will improve by S$600 million and S$700 million, respectively, for every percentage point increase in the Federal Funds Rate.This represents a 9.4% boost to UOB’s NII for its fiscal 2021 (FY2021) and a close to 12% jump in OCBC’s NII for the same period.Investors may need to wait a few quarters to see the full impact, though, as banks will need time to fully reprice their loans.The Federal Reserve may also continue raising rates later this month and during subsequent meetings, thereby providing a further tailwind to both NIM and NII.Acquisition to grow its franchiseApart from organic growth, investors can also look to acquisitions to increase the bank’s revenue stream and bolster its franchise.UOB announced its first acquisition in 17 years back in January this year, purchasing the consumer banking business of Citigroup (NYSE: C) in four countries – Malaysia, Indonesia, Thailand, and Vietnam.The acquisition includes the US bank’s unsecured and secured lending portfolios, wealth management unit and retail deposits business.The purchase aimed to accelerate UOB’s customer growth and enable it to leapfrog ahead of the competition, a much quicker method than growing its franchise organically.Potential headwindsDespite the good news, investors need to watch for potential headwinds that may crop up if a recession does hit our shores.Three areas of the banks will be negatively impacted should this event come to pass.The first is fee income from wealth management and credit cards, as people will generally invest and spend less during a downturn.Secondly, loan growth may be anaemic or even turn negative as higher interest rates may deter some companies from taking on debt.Finally, an economic slowdown may result in more borrowers having difficulty servicing their loans, resulting in higher provisions to be made by the banks.Reliable dividendsBoth UOB and OCBC have shown their willingness to reward income-seeking investors with dividends.UOB paid out S$1.20 per share for FY2021 while OCBC dished out S$0.53, translating to a dividend yield of 4.5% for UOB and 4.7% for OCBC.During challenging times, investors can rely on the banks to provide a continuous stream of unbroken passive income to tide them through.Get Smart: Resilient and dependableUOB and OCBC have shown themselves to be resilient despite the pandemic, and their dividends are also dependable.Higher interest rates will serve as a tailwind for the business while UOB’s acquisition should also see it broadening its reach and boosting its customer base.Although there are immediate risks on the horizon, investors should take the long view when it comes to investing in these banks.Any downturn will eventually pass and these two banks have proven that they can weather numerous business cycles successfully over the decades.","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924375939,"gmtCreate":1672190501221,"gmtModify":1676538649096,"author":{"id":"4117102448937872","authorId":"4117102448937872","name":"企鹅夫人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4117102448937872","idStr":"4117102448937872"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924375939","repostId":"1185725903","repostType":4,"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}