Welcome!
Great Eastern Holdings (GEH)
Fintech
Singtel said to be talking to Grab on Singapore digital bank bid
SINGAPORE (Nov 28): Singapore Telecommunications is in talks with companies including Grab Holdings Inc to jointly bid for a digital banking licence in the city-state, according to people familiar with the matter.
November 28, 2019
Investing ideas
Insurers undervalued after selldown; Asean's growth prospects intact
SINGAPORE (Oct 21): A quick glance at the price-to-embedded values of a couple of life insurance companies shows that they are undervalued versus their historical ratios. In particular, the P/EV ratios of Great Eastern Holdings (GEH) and Prudential are at
October 18, 2019
Results
Great Eastern posts 29% drop in 2Q earnings to $169 mil
SINGAPORE (Aug 1): Great Eastern Holdings, the life insurance group, posted a 29% decrease in 2Q19 earnings ended June to $169 million from $237.6 million a year ago.
August 01, 2019
Results
Great Eastern reports 68% fall in 4Q18 earnings to $136.8 mil on market volatility
SINGAPORE (Feb 20): Great Eastern Holdings reported a 68% fall in 4Q18 earnings to $136.8 million from $426.8 million a year ago, mainly due to lower non-operating profit from insurance business. FY18 earnings came in at $740.7 million, 29% lower from a y
February 20, 2019
M&A
Great Eastern deepens footprint in Indonesia with $38 mil acquisition
SINGAPORE (Dec 11): Great Eastern Holdings is acquiring QBE Indonesia for US$28 million ($38.4 million) in cash to deepen its footprint in Indonesia and build up its general insurance operations into a significant business pillar for the group.
December 11, 2018
Malaysia
Great Eastern confirms participation in Malaysia's health protection plan for poor
SINGAPORE (Nov 12): Great Eastern Holdings (GEHL) on Friday confirmed it will make a contribution to the B40 Health Protection Fund.
November 12, 2018
Results
Great Eastern reports 26% lower 3Q earnings of $213 mil on less favourable market conditions
SINGAPORE (Oct 29): Great Eastern Holdings reported 3Q18 earnings of $213.3 million, this was 26% lower compared to the 3Q17 earnings of $287.5 million a year ago as a result of less favourable financial market conditions.
October 29, 2018
Property
High pre-leasing level at Paya Lebar Quarter is good news for Singapore office market: DBS
SINGAPORE (June 12): DBS Group Research remains confident that the Singapore office market remains on a multi-year upturn given modest new supply over the next 3-4 years.
June 12, 2018
Broker's Calls
OCBC kept at 'buy' on likely IPO or trade sale for Great Eastern's Malaysian business unit
SINGAPORE (Mar 8): UOB Kay Hian is reiterating its "buy" on Oversea-Chinese Banking Corp with higher target of $14.95 if the bank decides to divest a 30% stake in Great Eastern Life Assurance (Malaysia) (GELM) either through an IPO or trade sale.
March 08, 2018