Great Eastern

Great Eastern announces new initiatives including 'game changing' digital platform
SINGAPORE (April 8): Great Eastern Holdings today announced its rollout of Great Digital Advantage, a digital platform meant to serve customers into the digital future and in tandem, enhance agency efficiency, productivity and professionalism. This comes as part of the initiatives it recently launched to help its agency force “take advisory and customer experience to the next level”. In ...
Health insurers accountable for higher costs; industry reforms, checks and balances needed
SINGAPORE (Aug 6): When K Leela, 68, was diagnosed with kidney failure about a decade ago, she panicked about the cost. The homemaker needs to have dialysis at least twice a week, for life. Her husband works as a hotel bellhop, and they have three children. Fortunately, Leela had purchased an Integrated Shield Plan (IP) several years before her diagnosis. Her policy comprised a public ...
AI healthcare startup UCARE.AI secures $8.2 mil funding
SINGAPORE (May 16): UCARE.AI, a Singapore-based artificial intelligence (AI) healthcare startup, has recently concluded its Series A funding, bringing total investment to $8.2 million to date. The Series A global investors included VC firm Walden International, insurance group Great Eastern, Singaporean investor and philanthropist Peter Lim, as well as law firm WongPartnership’s startup ...
Great Eastern may sell Malaysian operations for close to US$1 bil
SINGAPORE (Sept 19): Singapore’s Great Eastern Holdings is said to have engaged at least one Malaysian bank to explore selling its stake in its Malaysian operations for as much as US$1 billion ($1.35 billion). According to Dow Jones Newswires, the 87%-owned subsidiary of OCBC Bank is among a number of insurers, including British life insurer Prudential PLC and Japan’s Tokio Marine ...
18 new companies join Singapore’s Top 75 employers for 2017
SINGAPORE (March 21): Great Eastern, Mapletree Group and NTUC Income are three homegrown organisations that can be spotted for the first time among Singapore’s top 75 list of companies this year, according to the latest employer brand research data from Randstad. In anticipation of the upcoming announcement of Singapore’s most attractive companies on April 20 at the sixth edition of the ...
Manulife US REIT, Great Eastern, SingPost, ComfortDelGro, Oxley, UE, HPH Trust
SINGAPORE (Feb 13): Here are some stocks that could move the market this Monday morning. The manager of Manulife US REIT reported a distribution per unit (DPU) of 3.55 US cents (5 cents) for FY16, which exceeded the forecast DPU of 3.39 US cents by 4.8% due to higher property performance and lower borrowing costs and trust expenses. Units of Manulife US REIT closed flat at 86 US cents on ...
Great Eastern’s FY16 earnings down 25% to $589.3 mil
SINGAPORE (Feb 13): Great Eastern Holdings has declared an 11% decline in 4Q16 earnings to $195.2 million, mainly due to lower operating and non-operating profit brought about by unrealised fair value losses from the valuation of assets and liabilities. This brings the group’s earnings for FY16 to a total of $589.3 million, down 25% from $785.4 million a year ago. Additionally, its FY16 ...
United Engineers sale a boon for investors
SINGAPORE (Oct 27): UOB Kay Hian has initiated coverage on United Engineers (UE) , rating it a “buy” call with a target price of $2.96, citing the sale of the OCBC and Great Eastern stake a matter of when and not if. (See also: OCBC and Great Eastern confirm reviewing options with United Engineers stake) In a Thursday note, analyst Edison Chen notes that UE has been willingly put up for ...
STI closes 0.9% lower at 2,828.27
SINGAPORE (Oct 26): Singapore stocks closed lower on Wednesday as earnings season gets underway and investors tread cautiously. As at 5.04pm, the Straits Times Index was down 0.9% or 25.48 points at 2,828.27. In the broader market, 1.29 billion shares valued at $734 million changes hands. Losers outnumbered gainers 243 to 154. Banking stocks were among the losers. UOB closed 0.6% lower at ...
UE's property portfolio a treasure trove for potential buyers
SINGAPORE (Oct 13): DBS Research is maintaining a target price of $2.75 on United Engineers (UE) on news that OCBC and Great Eastern is mulling a sale of their collective 32% stake in the engineering developer, which will trigger a mandatory general offer. (See also: OCBC and Great Eastern confirm reviewing options with United Engineers stake) (See also: OUE says group approached to ...