SINGAPORE, May 10 (Reuters) - Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) (OCBC.SI), opens new tab posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern (GELA.SI), opens new tab private. OCBC, Great Eastern's biggest shareholder, offered a 37% premium over Great Eastern's last traded shares price to buy the 11.56% stake in the insurer that it does not currently own, valuing the insurer at S$12.12 billon.
Warren Buffett loves insurance cos,they are the next best thing to casinos,all premiums charged are related to the probability of accidents.Only a lousy management can sink an insurance co.
I recall the moment of takaful.. I didn't buy because still new and don't know what the hell its up.. Now, I know why MNRB will up like takaful in the past
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Learner68
46 posts
Posted by Learner68 > 2024-05-09 11:58 | Report Abuse
Digesting is taking place. If it's back to 2.00, can consider to buy a little...quite attractive NTA and EPS.