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Genting Singapore shorts at highest in year on earnings: Update PDF Print E-mail

Tags: Genting Singapore Plc

Written by Bloomberg   
Wednesday, 01 October 2014 17:30

Short-sellers are betting Genting Singapore Plc, the worst-performing stock on the city’s benchmark equity index this year, has further to fall amid plunging earnings at Southeast Asia’s biggest casino operator.

Bearish bets on the stock climbed to the highest level in a year as Genting tumbled 13%since it announced in August that second-quarter profit dropped 27%. Brokers from Mizuho Securities Co. to Macquarie Group have cut their ratings on the company.

Last Updated on Wednesday, 01 October 2014 17:33
 
OCBC, UOB get prelim approval to start banking operations in Myanmar PDF Print E-mail

Tags: OCBC | UOB

Written by The Edge   
Wednesday, 01 October 2014 15:05

Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) have been granted preliminary approval by Central Bank of Myanmar to prepare for the commencement of banking operations in the country.

In total, nine foerign banks have received preliminary approval.

Last Updated on Wednesday, 01 October 2014 15:06
 
United Engineers shares halted amid stake talks PDF Print E-mail

Tags: United Engineers

Written by The Edge   
Wednesday, 01 October 2014 14:54

Shares in United Engineers were suspended today as talks between Thai billionaire Charoen Sirivadhanabhakdi and holders of stakes in UE about a possible sale of those stakes entered their final stretch.

Charoen started talks through his TCC Top Enterprise unit with Oversea-Chinese Banking Corp and its insurance arm about buying their stakes in United Engineers.

Last Updated on Wednesday, 01 October 2014 14:55
 
Zurich Life Singapore - Corporate moves PDF Print E-mail

Tags: Jamie McNish | Zurich Life Singapore

Written by The Edge   
Wednesday, 01 October 2014 14:51

Jamie McNish will be appointed chief sales officer, life business wef Dec 15
Work experience: Regional director, Friends Provident Int’l, regional sales director/senior executive officer, Swiss Life Private Placement (Middle East)

Last Updated on Wednesday, 01 October 2014 14:55
 
Standard Chartered - Corporate moves PDF Print E-mail

Tags: Rajan Raju | Standard Chartered

Written by The Edge   
Wednesday, 01 October 2014 14:46

Rajan Raju has been appointed head, retail clients, Singapore wef Sept 25
Work experience: More than two decades in the financial services industry; held leadership roles in Deutsche Bank and DBS

Last Updated on Wednesday, 01 October 2014 14:49
 
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