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Top related persons:
Yantoultra Ngui - 2 Hans Kang - 1 Subhranshu Sahu - 1 ROE - 1 Helen Wong - 1 Thilan Wickramasinghe - 1 OCBC - 1 Wong - 1
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SINGAPORE China Abu Dhabi Shanghai Beijing Suzhou Singapore Asia's
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Thomson - 2 CBC Healthcare - 1 CBC - 1 CLSRA Venture - 1 Mubadala Investment Company - 1 Asset Management - 1 CBC Group - 1 CBC HIP - 1

Search resuls for: "CBC Group"


4 mentions found


☆ CBC Healthcare secures $875 mln for life science investment in China
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +1 min
SINGAPORE, Oct 23 (Reuters) - CBC Healthcare Infrastructure Platform (CBC HIP), an independent life science real assets investor in China, said on Saturday it had secured $875 million for its first life science real assets venture called CLSRA Venture I.Abu Dhabi-based sovereign investor Mubadala Investment Company will join existing investors Dutch pension fund APG Asset Management and Asian healthcare asset management firm CBC Group in CBC HIP, according to a company statement. The inclusion of Mubadala as an investor allows CLSRA Venture I to secure further opportunities in the life science real assets sector in China, CBC HIP said. "We will continue to tap the immense potential of life science real assets as a critical component of China's growing healthcare and life science industry," said Hans Kang, Chief Executive Officer of CBC HIP. CLSRA Venture I has so far deployed $450 million across four real estate projects, according to the statement. Since its establishment in November 2021, CLSRA Venture I has acquired some 520,000 square meters of life science real assets in Shanghai, Beijing and Suzhou in China, it added.
Persons: Hans Kang, Yantoultra Ngui, Subhranshu Sahu Organizations: CBC Healthcare, CBC, CLSRA Venture, Mubadala Investment Company, Asset Management, CBC Group, CBC HIP, Thomson Locations: SINGAPORE, China, Abu Dhabi, Shanghai, Beijing, Suzhou
☆ Singapore bank OCBC second-quarter earnings rise; sees rate cuts from 2024
  + stars: | 2023-08-04 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com   time to read: +3 min
The quarterly results from OCBC, also Southeast Asia's second largest lender by assets, rounded up a strong earnings season by Singapore banks as DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) also delivered double-digit profit growth. Besides higher interest rates, Singapore lenders have also benefited from strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, because of the city-state's status as a financial safe-haven. The figure compared with a mean estimate of a S$1.76 billion profit from four analysts polled by Refinitiv. The bank projected its full-year net interest margin, a key profitability gauge, to be above 2.2%, return on equity in the range of 14% and low-to-mid single-digit loan growth. ($1 = 1.3410 Singapore dollars)Reporting by Yantoultra Ngui; Editing by Tom Hogue, Shri Navaratnam and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: ROE, Helen Wong, Thilan Wickramasinghe, OCBC, Wong, Yantoultra Ngui, Tom Hogue, Shri Navaratnam, Jamie Freed Organizations: Chinese Banking Corp, DBS, United Overseas Bank, Maybank Securities, Refinitiv, Thomson Locations: Singapore, SINGAPORE, Asia's, U.S, China, Malaysia
☆ Singapore bank OCBC posts record quarterly profit, upgrades margin guidance
  + stars: | 2023-05-10 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com   time to read: +2 min
OCBC, which is also Southeast Asia's second-biggest bank by assets, said January-March net profit rose 39% to S$1.88 billion ($1.42 billion), beating the mean estimate of S$1.74 billion from five analysts polled by Refinitiv. OCBC reported a total net interest margin, a key gauge of profitability, of 2.30% for the first quarter, up from 1.55% in the same period a year earlier. The bank forecast a full-year net interest margin of about 2.2%, up from 2.1% previously. The first quarter was also strong for Singapore's other major banks, with larger peer DBS Group (DBSM.SI) reporting last week a 43% jump in first quarter net profit that was also a record. Smaller United Overseas Bank (UOBH.SI) posted last month a 74% surge in core net profit.
☆ Singapore bank OCBC posts record Q1 profit, beat expectations
  + stars: | 2023-05-10 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com   time to read: +2 min
OCBC, which is also Southeast Asia's second-biggest bank by assets, said January-March net profit rose to a record S$1.88 billion ($1.42 billion) from S$1.36 billion a year earlier. The bank reported a total net interest margin, a key gauge of profitability, of 2.30% for the first quarter, up from 1.55% in the same period a year earlier. OCBC expected full-year net interest margin in the region of 2.2%. The first quarter was also strong for Singapore's other major banks, with larger peer DBS Group (DBSM.SI) reporting last week a 43% jump in first quarter net profit that was also a record. Smaller United Overseas Bank (UOBH.SI) posted last month a 74% surge in core net profit.
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