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- StarzStarz
  ·2023-07-20
  $DBS GROUP HOLDINGS LTD(D05.SI)$
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  ·2023-02-28
  [Miser]
  Singapore Banks Continue to See Double-Digit Increases in Profits – Can This Be Sustained?
  One analyst expects the growth in earnings to be “less significant” than last year due to growing funding and operating costs.
  Singapore Banks Continue to See Double-Digit Increases in Profits – Can This Be Sustained?
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- StarzStarz
  ·2023-02-28
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  GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer
  Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value o
  GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer
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- StarzStarz
  ·2023-02-02
  $Apple(AAPL)$ [Miser]
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  ·2022-11-16
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  ·2022-11-12
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  ·2022-11-11
  $Walt Disney(DIS)$
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  ·2022-10-14
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  Why Did the U.S. Stock Market Move Higher?
  What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up
  Why Did the U.S. Stock Market Move Higher?
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  ·2022-10-01
  $Tesla Motors(TSLA)$
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  ·2022-09-14
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href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199988943941776","isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957759684,"gmtCreate":1677563609248,"gmtModify":1677563612756,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957759684","repostId":"2314359428","repostType":4,"repost":{"id":"2314359428","pubTimestamp":1677552537,"share":"https://ttm.financial/m/news/2314359428?lang=&edition=fundamental","pubTime":"2023-02-28 10:48","market":"sg","language":"en","title":"Singapore Banks Continue to See Double-Digit Increases in Profits – Can This Be Sustained?","url":"https://stock-news.laohu8.com/highlight/detail?id=2314359428","media":"CNA","summary":"One analyst expects the growth in earnings to be “less significant” than last year due to growing funding and operating costs.","content":"<html><head></head><body><p>One analyst expects the growth in earnings to be “less significant” than last year due to growing funding and operating costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c93301d406bec44868b7c6dda499d94\" tg-width=\"830\" tg-height=\"468\" referrerpolicy=\"no-referrer\"/><span>A row of ATMs in Singapore. (File photo: CNA/Jeremy Long)</span></p><p>SINGAPORE: Singapore’s three local banks chalked up record-breaking profits last year on the back of higher interest rates, but uncertainties around rate cycles and global growth may crimp earnings moving forward, analysts said.</p><p>DBS – the first of the three local lenders to release earnings results on Feb 13 – said its fourth-quarter net profit soared 69 per cent year-on-year to hit a new record of S$2.34 billion. This blew past analysts’ estimates of S$2.16 billion and marked a second straight quarter of record-breaking profits.</p><p>For the full year, net profit grew 20 per cent to S$8.19 billion – also a record performance.</p><p>UOB and OCBC followed up with their report cards last week.</p><p>UOB’s core net profit for the fourth quarter rose 37 per cent to S$1.4 billion, beating analysts’ forecast of S$1.2 billion. Including one-off expenses such as the acquisition of Citi’s consumer banking businesses in parts of Asia, quarterly net profit was S$1.15 billion, up 13 per cent from a year ago.</p><p>For the full year, core net profit increased 18 per cent to S$4.82 billion, while net profit gained 12 per cent to S$4.57 billion after taking into account the one-off expenses. Both are new record highs.</p><p>Over at OCBC, fourth-quarter net profit rose 34 per cent from a year ago to S$1.31 billion, missing a S$1.6 billion estimate based on analysts polled by Bloomberg.</p><p>Full-year net profit was up 18 per cent to a new high of S$5.75 billion.</p><p>After ending 2022 on “a solid note”, the three banks are set to improve their profitability further in 2023, said Mr Eugene Tarzimanov, vice-president and senior credit officer at Moody’s Investors Service.</p><p>“Yet the pace of change will be less significant than last year because of growing funding and operating costs,” he added.</p><h2>CAUTIOUS OUTLOOK</h2><p>Rising interest rates have been a boon for local lenders, as seen from the double-digit growth in net interest income – earnings on loans minus deposit costs – and net interest margins last year.</p><p>But with the US Federal Reserve on track for smaller interest-rate hikes this year, banks will start seeing slower earnings growth on this front, said IG’s market strategist Yeap Jun Rong.</p><p>Funding costs are also catching up amid the continued competition for deposits, which may see growth momentum in net interest margins “start to come off notably”, said Mr Thilan Wickramasinghe, head of research at Maybank Securities in Singapore.</p><p>Top executives at the banks have flagged a cautious outlook.</p><p>OCBC, for instance, is guiding a net interest margin of about 2.1 per cent this year versus 1.91 per cent for 2022 and 2.31 per cent in the latest quarter.</p><p>Speaking at the bank’s results briefing last week, group chief executive Helen Wong said global interest rates may plateau and even taper in the second half of 2023.</p><p>“I don’t want to paint too rosy a picture as we go into the rest of the year,” she was quoted as saying in an article by The Business Times.</p><p>There could also be challenges in loan growth amid fears of a global recession, although the reopening of China may “provide some tailwinds”, said Mr Wickramasinghe.</p><p>Mr Pramod Shenoi, co-head of Asia-Pacific research at CreditSights, noted that each bank has its focus areas when it comes to loan growth. For example, DBS is banking on its large corporate pipeline, while OCBC and China are optimistic about China’s reopening and the region’s growth prospects.</p><p>Still, loan growth “is likely to be difficult and competition is likely to be more intense, thereby not allowing rate rises to be passed through as expecting and capping net interest margins,” he added.</p><p>A mixed outlook also lies ahead for the banks’ fee income from wealth and retail segments.</p><p>Wealth management fees have been muted given choppy markets. Mr Wickramasinghe said this would pick up when the market outlook becomes clearer, but that may happen only later in the year.</p><p>Higher fee income from credit cards may also be likely as more people resume overseas travel.</p><p>“But if consumers get more cautious with an uncertain economic environment, or interest rates being higher for longer and affect discretionary spending, then card spending may not see too much growth too,” said Mr Shenoi.</p><p>Asset quality is the other headwind for banks moving forward, experts said.</p><p>“Corporates and consumers are facing high input costs and high interest rates. This is impacting margins and disposable income, so asset quality pressure and delinquencies need to be closely watched going forward,” said Mr Wickramasinghe.</p><h2>WHAT THIS MEANS FOR SHARE PRICES</h2><p>Following their respective earnings results, shares of the banking trio have come off their highs set earlier in the year.</p><p>Shares of DBS slipped 0.17 per cent, or S$0.06, to finish at S$34.34 on Monday (Feb 27). OCBC gained 0.24 per cent, or S$0.03, to S$12.70, while UOB rose 0.3 per cent, or S$0.09, to end the trading day at S$29.94.</p><p>“I think the general downside reaction in share prices to the banks’ results reflects some concerns on whether this stellar performance can continue through 2023,” said Mr Yeap.</p><p>But this may be temporary, going by the target prices of analysts.</p><p>For example, brokerage UOB Kay Hian has a target price of S$45.80 for DBS, while RHB Group Research sees DBS’ stock hitting S$42.</p><p>For UOB, CGS-CIMB has a target price of S$33.30 and OCBC Investment Research sees the stock’s fair value at S$34.</p><p>The local banks also remain “a stable dividend play” for shareholders, especially after having upsized their dividend payouts following the upbeat fourth-quarter results, said Mr Yeap.</p><p>DBS, which pays its dividends quarterly, recommended a final dividend of S$0.42 per share and a special dividend of S$0.50 per share.</p><p>UOB and OCBC pay their dividends half-yearly. The former has declared a higher dividend of S$0.75 per share for the half-year period, while OCBC also raised its final dividend to S$0.40 per share.</p><p>OCBC also said it would target a 50 per cent dividend payout ratio going forward, as a signal that the lender will increase returns to shareholders.</p><p>“Local banks have a stellar history of maintaining their dividends even during times of an economic downturn, with the exception of the COVID-19 period due to an authorities’ dividend cap,” Mr Yeap said.</p><p>“With the recent bump higher in dividends from all three banks, dividend yields are higher than its five-year historical average,” he added.</p></body></html>","source":"can_highlight","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 Banks Continue to See Double-Digit Increases in Profits – Can This Be Sustained?</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 Banks Continue to See Double-Digit Increases in Profits – Can This Be Sustained?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/business/singapore-banks-uob-dbs-ocbc-profits-rising-interest-rates-3307676><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One analyst expects the growth in earnings to be “less significant” than last year due to growing funding and operating costs.A row of ATMs in Singapore. (File photo: CNA/Jeremy Long)SINGAPORE: ...</p>\n\n<a href=\"https://www.channelnewsasia.com/business/singapore-banks-uob-dbs-ocbc-profits-rising-interest-rates-3307676\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.channelnewsasia.com/business/singapore-banks-uob-dbs-ocbc-profits-rising-interest-rates-3307676","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314359428","content_text":"One analyst expects the growth in earnings to be “less significant” than last year due to growing funding and operating costs.A row of ATMs in Singapore. (File photo: CNA/Jeremy Long)SINGAPORE: Singapore’s three local banks chalked up record-breaking profits last year on the back of higher interest rates, but uncertainties around rate cycles and global growth may crimp earnings moving forward, analysts said.DBS – the first of the three local lenders to release earnings results on Feb 13 – said its fourth-quarter net profit soared 69 per cent year-on-year to hit a new record of S$2.34 billion. This blew past analysts’ estimates of S$2.16 billion and marked a second straight quarter of record-breaking profits.For the full year, net profit grew 20 per cent to S$8.19 billion – also a record performance.UOB and OCBC followed up with their report cards last week.UOB’s core net profit for the fourth quarter rose 37 per cent to S$1.4 billion, beating analysts’ forecast of S$1.2 billion. Including one-off expenses such as the acquisition of Citi’s consumer banking businesses in parts of Asia, quarterly net profit was S$1.15 billion, up 13 per cent from a year ago.For the full year, core net profit increased 18 per cent to S$4.82 billion, while net profit gained 12 per cent to S$4.57 billion after taking into account the one-off expenses. Both are new record highs.Over at OCBC, fourth-quarter net profit rose 34 per cent from a year ago to S$1.31 billion, missing a S$1.6 billion estimate based on analysts polled by Bloomberg.Full-year net profit was up 18 per cent to a new high of S$5.75 billion.After ending 2022 on “a solid note”, the three banks are set to improve their profitability further in 2023, said Mr Eugene Tarzimanov, vice-president and senior credit officer at Moody’s Investors Service.“Yet the pace of change will be less significant than last year because of growing funding and operating costs,” he added.CAUTIOUS OUTLOOKRising interest rates have been a boon for local lenders, as seen from the double-digit growth in net interest income – earnings on loans minus deposit costs – and net interest margins last year.But with the US Federal Reserve on track for smaller interest-rate hikes this year, banks will start seeing slower earnings growth on this front, said IG’s market strategist Yeap Jun Rong.Funding costs are also catching up amid the continued competition for deposits, which may see growth momentum in net interest margins “start to come off notably”, said Mr Thilan Wickramasinghe, head of research at Maybank Securities in Singapore.Top executives at the banks have flagged a cautious outlook.OCBC, for instance, is guiding a net interest margin of about 2.1 per cent this year versus 1.91 per cent for 2022 and 2.31 per cent in the latest quarter.Speaking at the bank’s results briefing last week, group chief executive Helen Wong said global interest rates may plateau and even taper in the second half of 2023.“I don’t want to paint too rosy a picture as we go into the rest of the year,” she was quoted as saying in an article by The Business Times.There could also be challenges in loan growth amid fears of a global recession, although the reopening of China may “provide some tailwinds”, said Mr Wickramasinghe.Mr Pramod Shenoi, co-head of Asia-Pacific research at CreditSights, noted that each bank has its focus areas when it comes to loan growth. For example, DBS is banking on its large corporate pipeline, while OCBC and China are optimistic about China’s reopening and the region’s growth prospects.Still, loan growth “is likely to be difficult and competition is likely to be more intense, thereby not allowing rate rises to be passed through as expecting and capping net interest margins,” he added.A mixed outlook also lies ahead for the banks’ fee income from wealth and retail segments.Wealth management fees have been muted given choppy markets. Mr Wickramasinghe said this would pick up when the market outlook becomes clearer, but that may happen only later in the year.Higher fee income from credit cards may also be likely as more people resume overseas travel.“But if consumers get more cautious with an uncertain economic environment, or interest rates being higher for longer and affect discretionary spending, then card spending may not see too much growth too,” said Mr Shenoi.Asset quality is the other headwind for banks moving forward, experts said.“Corporates and consumers are facing high input costs and high interest rates. This is impacting margins and disposable income, so asset quality pressure and delinquencies need to be closely watched going forward,” said Mr Wickramasinghe.WHAT THIS MEANS FOR SHARE PRICESFollowing their respective earnings results, shares of the banking trio have come off their highs set earlier in the year.Shares of DBS slipped 0.17 per cent, or S$0.06, to finish at S$34.34 on Monday (Feb 27). OCBC gained 0.24 per cent, or S$0.03, to S$12.70, while UOB rose 0.3 per cent, or S$0.09, to end the trading day at S$29.94.“I think the general downside reaction in share prices to the banks’ results reflects some concerns on whether this stellar performance can continue through 2023,” said Mr Yeap.But this may be temporary, going by the target prices of analysts.For example, brokerage UOB Kay Hian has a target price of S$45.80 for DBS, while RHB Group Research sees DBS’ stock hitting S$42.For UOB, CGS-CIMB has a target price of S$33.30 and OCBC Investment Research sees the stock’s fair value at S$34.The local banks also remain “a stable dividend play” for shareholders, especially after having upsized their dividend payouts following the upbeat fourth-quarter results, said Mr Yeap.DBS, which pays its dividends quarterly, recommended a final dividend of S$0.42 per share and a special dividend of S$0.50 per share.UOB and OCBC pay their dividends half-yearly. The former has declared a higher dividend of S$0.75 per share for the half-year period, while OCBC also raised its final dividend to S$0.40 per share.OCBC also said it would target a 50 per cent dividend payout ratio going forward, as a signal that the lender will increase returns to shareholders.“Local banks have a stellar history of maintaining their dividends even during times of an economic downturn, with the exception of the COVID-19 period due to an authorities’ dividend cap,” Mr Yeap said.“With the recent bump higher in dividends from all three banks, dividend yields are higher than its five-year historical average,” he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957759818,"gmtCreate":1677563563134,"gmtModify":1677563566958,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957759818","repostId":"1188455592","repostType":4,"repost":{"id":"1188455592","pubTimestamp":1677553499,"share":"https://ttm.financial/m/news/1188455592?lang=&edition=fundamental","pubTime":"2023-02-28 11:04","market":"sg","language":"en","title":"GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer","url":"https://stock-news.laohu8.com/highlight/detail?id=1188455592","media":"Bloomberg","summary":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value o","content":"<html><head></head><body><ul><li>Largest holders offer to buy out shares at S$1.26 each</li><li>The Singapore-listed firm has a market value of $212 million</li></ul><p>GK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.</p><p>Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.</p><p>“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”</p><p>Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.</p><p>GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.</p></body></html>","source":"lsy1584095487587","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>GK Goh’s Largest Holders Confirm $294 Million Take-Private Offer</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\">\nGK Goh’s Largest Holders Confirm $294 Million Take-Private Offer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 11:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-02-27/gk-goh-s-largest-holder-is-said-to-consider-take-private","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188455592","content_text":"Largest holders offer to buy out shares at S$1.26 eachThe Singapore-listed firm has a market value of $212 millionGK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.Goh Geok Khim and Goh Yew Lin, who own a 63% stake, proposed to buy out the remaining GK Goh shares for S$1.26 each in cash, according to an exchange statement on Tuesday, which confirmed an earlier Bloomberg News report. The offer price gives investors a premium of around 38.5% to the last closing price on Feb. 24.“The company’s share price has been trading for some time at a discount to book value,” Goh Yew Lin said in a press release. “There is little trading liquidity in the shares. The offer will provide shareholders with the opportunity to realize their investment in the shares at a premium over the prevailing trading price.”Trading of GK Goh’s shares was halted on Monday pending release of an announcement. The company has a market value of S$286 million as of Feb. 24.GK Goh, founded as a Singapore securities business in 1979, is now an investment firm with interests in areas including elderly care, property development and telecommunications, according to its website. It went listed in the city-state in 1990. GK Goh sold corporate services firm Boardroom Ltd. last year to a consortium led by Temasek Holdings Pte.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955179690,"gmtCreate":1675303487611,"gmtModify":1676538991078,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v> [Miser]&nbsp;","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v> [Miser]&nbsp;","text":"$Apple(AAPL)$ [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955179690","isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963383957,"gmtCreate":1668594543580,"gmtModify":1676538081811,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963383957","isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960243635,"gmtCreate":1668183518027,"gmtModify":1676538026001,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960243635","isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960166255,"gmtCreate":1668100878277,"gmtModify":1676538013047,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Walt Disney(DIS)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960166255","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980669052,"gmtCreate":1665716284976,"gmtModify":1676537654469,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980669052","repostId":"1167309755","repostType":2,"repost":{"id":"1167309755","pubTimestamp":1665699849,"share":"https://ttm.financial/m/news/1167309755?lang=&edition=fundamental","pubTime":"2022-10-14 06:24","market":"us","language":"en","title":"Why Did the U.S. Stock Market Move Higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=1167309755","media":"The Wall Street Journal","summary":"What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up","content":"<html><head></head><body><p>What&#39;s driving the market&#39;s move higher? It&#39;s a puzzle.</p><p>A hot inflation report would normally push up long-term interest rates and pull down stocks. That&#39;s exactly what happened this morning. But by midday stocks were powering higher, which continued into the afternoon.</p><p>Some ideas:</p><ul><li><b>Stocks have been down a lot recently; maybe it was too much.</b> The S&amp;P 500 fell six consecutive trading days through Wednesday. If the index fell again today, it would have logged its longest losing streak since February 2020, according to Dow Jones Market Data. CappThesis&#39; Frank Cappelleri notes that the market&#39;s six-day losing streak in July was the precursor to stocks&#39; big summer rally. Collectively, traders may have decided positioning against the markets had gone too far.</li><li><b>Enough bad news could be good news?</b> Interest rates are the Federal Reserve&#39;s tool for changing the course of the economy, but it&#39;s a crude tool. Inflation was high, but no one was expecting it to be low. If inflation causes the Fed to tighten monetary policy too much, it would correct course by loosening monetary policy again. That would, in theory, be good news for stocks. (Although these interventions aren&#39;t necessarily straightforward or easy to pull off, as the Bank of England&#39;s recent interventions in British markets show.)</li><li><b>Rent inflation may not be as bad as the CPI report showed.</b> Rents are factored into the CPI on a lagging basis, Edward Jones senior investment strategist Mona Mahajan pointed out. That means the trend for shelter inflation might actually look better than it did in today&#39;s report, since rent prices are moderating in real time. &#34;The trends for inflation are moving in the right direction. There&#39;s a bit of sentiment that we&#39;re perhaps at peak inflation,&#34; Ms. Mahajan said.</li></ul></body></html>","source":"wsj_highlight","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>Why Did the U.S. Stock Market Move Higher?</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\">\nWhy Did the U.S. Stock Market Move Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 06:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-13-cpi-report/card/some-reasons-why-stocks-are-higher-again-5UKdXNWEM7rsrCnqR39N?page=1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up long-term interest rates and pull down stocks. That's exactly what happened this morning. But by ...</p>\n\n<a href=\"https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-13-cpi-report/card/some-reasons-why-stocks-are-higher-again-5UKdXNWEM7rsrCnqR39N?page=1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-13-cpi-report/card/some-reasons-why-stocks-are-higher-again-5UKdXNWEM7rsrCnqR39N?page=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167309755","content_text":"What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up long-term interest rates and pull down stocks. That's exactly what happened this morning. But by midday stocks were powering higher, which continued into the afternoon.Some ideas:Stocks have been down a lot recently; maybe it was too much. The S&P 500 fell six consecutive trading days through Wednesday. If the index fell again today, it would have logged its longest losing streak since February 2020, according to Dow Jones Market Data. CappThesis' Frank Cappelleri notes that the market's six-day losing streak in July was the precursor to stocks' big summer rally. Collectively, traders may have decided positioning against the markets had gone too far.Enough bad news could be good news? Interest rates are the Federal Reserve's tool for changing the course of the economy, but it's a crude tool. Inflation was high, but no one was expecting it to be low. If inflation causes the Fed to tighten monetary policy too much, it would correct course by loosening monetary policy again. That would, in theory, be good news for stocks. (Although these interventions aren't necessarily straightforward or easy to pull off, as the Bank of England's recent interventions in British markets show.)Rent inflation may not be as bad as the CPI report showed. Rents are factored into the CPI on a lagging basis, Edward Jones senior investment strategist Mona Mahajan pointed out. That means the trend for shelter inflation might actually look better than it did in today's report, since rent prices are moderating in real time. \"The trends for inflation are moving in the right direction. There's a bit of sentiment that we're perhaps at peak inflation,\" Ms. Mahajan said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9916869944,"gmtCreate":1664565615388,"gmtModify":1676537477396,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a><v-v data-views=\"1\"></v-v>","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916869944","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935648979,"gmtCreate":1663089247292,"gmtModify":1676537200473,"author":{"id":"4097226631085900","authorId":"4097226631085900","name":"Starz","avatar":"https://static.tigerbbs.com/d69f6001ebf6da22af2c0511a88421a1","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4097226631085900","authorIdStr":"4097226631085900"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a><v-v data-views=\"1\"></v-v>","text":"$Apple(AAPL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935648979","isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}