UOB Kay Hian    Last:1.81    -0.01

Brokerage Stocks: Safe Haven in bulls & correction

Buy-In Last Cum-date (4 sept) is for the FAILED trading on 29Aug (T). Someone sold but could not deliver the share on T+3 ( 3Sept), then CDP step in on 4Sept in the Buy-In Market to complete the trade and charged its member. Hope this helps..

You can read from CDP website also on Buy-In market, you may read this link:  http://www.cdp.com.sg/faq/buy_in.html


Regarding your question on good buy at 2.08? I cannot provide answer since I did not research on this counter.  However I notice this counter had surge very much over a very short span last few months, so please be very careful. Good luck

 

wats buy in last cum date?tks for the infor,tiandi...anyway,u think its a good buy now at 2.08?every1 toking abt chance of market collapse very likely when Fed announce changes in the interest rate....unless they hv a real solution to solve the subprime prob...

 

hi mike22,


the ex date was 30 Aug, if you are only thinking of getting Div then this is already over.

u can always get the information from sgx website> here i copy for you to see as below

UOB-KAY HIAN HOLDINGS LIMITED

DIVIDEND Announced on 2007-08-14

Particulars :	SGD 0.09 LESS TAX
Ex-date :	30 Aug 2007
Buy-In Last Cum Date :	4 Sep 2007
Record Date :	3 Sep 2007
Date Paid/Payable :	20 Sep 2007

Last updated on 08/15/2007 03:00:14 AM


 

 

hi!esmiley,wats xd and pay date?if i buy tomorow can i get the dividend and how long do  ihv to hold on to the share?when is the latest date to buy if i wana get the dividend?tks

 

UOB KH wake up wake up! It's time to pee.......

 

Dividend of 9 cents per share declared, clearing all its Section 44 credits  - it's a bit disappointing, I was expecting more $$.  Anyway, it is much better than putting money with the bank savings or FD. 

 

apology, the format got messed up again ;(

 

I think div XD on 5/9 and pay date 20/9.

B T - 14 Aug 2007

UOB-Kay Hian Q2 earnings surge 64% to $80m

 

 

 Dividend of 9 cents per share declared, clearing all its Section 44 credits

 

 

By VEN SREENIVASAN

 

 

SINGAPORE'S biggest investment house made almost $1 million a day in profit in the three months to June 30.

 

UOB-Kay Hian yesterday reported a 64.7 per cent surge in second-quarter net profit to $79.7 million, which translated to earnings per share of 11 cents, versus 6.68 cents a year earlier.

 

Operating profit was $95.22 million, a 68.2 per cent jump from $56.6 million a year earlier.

 

The strong bottom line was on the back of a 76.3 per cent rise in topline revenue to $219.48 million as commission, interest, trading and corporate finance income surged.

 

Commission income rose a whopping 93.4 per cent to $182.19 million, while interest income surged 115.3 per cent to $24.48 million.

 

 

The Q2 results raised its first-half net earnings 74.3 per cent to $140.9 million, from $80.8 million a year earlier.

 

 

The results compared with analysts' forecast of some $150 million for the first half and surpassed the company's FY06 full-year earnings of $138 million.

 

 

It announced a dividend of nine cents per share less tax, effectively clearing all its Section 44 credits.

 

 

Its sterling results come barely two weeks after Singapore's second-biggest stockbroker, Kim Eng Holdings, unveiled a four-fold year-on-year rise in Q2 net profit to $55.1 million.

 

 

Kim Eng's Q2 revenue, including 'other income' of $11.9 million, surged 89.6 per cent to $155.71 million, led largely by stronger commission, trading and interest income.

 

 

After buying more than 10 smaller stockbrokers in the past four years, UOB-Kay Hian is by far the biggest player in town with almost 1,000 brokers - twice as many as its next biggest competitor.

 

 

Commanding a quarter of the market's turnover, UOB-Kay Hian's sheer size and earnings engine has prompted comparisons with the Singapore Exchange (SGX).

 

 

At current price levels, SGX stock is trading at a price-earnings multiple of about 35 times, while UOB-Kay Hian trades at just five times, making it the 'cheapest' billion-dollar listing here.

 

 

In comments accompanying its latest results, UOB-Kay Hian says it enjoyed a 'good run in the second quarter of 2007' and is confident about the future.

 

 

'With the markets and stock prices reaching record levels recently, investors may have concerns as to whether a correction is due and how the negative news of the sub-prime mortgage market in the US may impact the stock market,' it says.

 

 

'We expect long-term underlying market conditions to remain positive and are confident of managing and minimising the negative impact of any correction that may occur.

 

 

UOB-Kay Hian's net asset value as at end-June is 123.45 cents per share.

 

 

 

Very good write up.  Let's see

 

Finally somebody's covering this stock...

BT - 17 Jul 2007
Ride the rally with UOB Kay Hian

By VEN SREENIVASAN

The late American comedian Rodney Dangerfield often used a phrase which went, 'I get no respect'.

Shareholders of UOB Kay Hian must have felt the same way - until recently.

Despite a bull run which has sent stockmarket volumes surging in the past eight months, the shares of Singapore's largest stockbroker remained in a slumber of sorts for much of the year. It is only in the last six weeks that it has commanded some 'respect', rising some 60 per cent as some of the more savvy market players woke up to the value proposition offered by Singapore's biggest broking house.

 

After buying up over 10 smaller stockbrokers in the past four years, UOB Kay Hian is by far the biggest player in the market, with almost 1,000 stockbrokers - twice as many as its next biggest competitor. Commanding a quarter of the market's turnover, this is a stockbroking house with a commanding market presence.

 

A surge in commission, trading and corporate finance income boosted its January-March quarter earnings by 89 per cent to some $61 million. The smaller, but more regionally diversified Kim Eng enjoyed a quarterly earnings rise of 35 per cent to $38 million.

The second quarter would have been even better for both broking houses.

 

Trading volume on the Singapore bourse last month hit some 79 billion units, with traded value amounting to some $55 billion. For the first six months of this year, the total figure has already more than doubled year-on-year to almost 340 billion units worth some $272 billion.

It is this market rally that has boosted the shares of the Singapore Exchange (SGX). Like SGX, UOB Kay Hian is also a strong proxy for the local market.

 

In fact, while the SGX earns most of its money from clearing fees, Singapore's largest broking house, with its strong franchise, has a diversified stream of income ranging from stockbroking to corporate finance activities.

 

At current price levels, SGX's stock is trading at a price-earnings multiple of some 35 times, and a price-to-book ratio of some 16.5 times. UOB Kay Hian, on the other hand, trades at 10 times earnings, and has a price-to-book ratio of just over 2 times.

 

With market turnover rising another 18 per cent to $147 billion in the April-June quarter, one can safely assume that UOB Kay Hian's second quarter earnings would have been even higher than its $61 million for Q1 2007.

 

Full-year gain of $250m?

If analysts' forecast of some $90 million is correct, this would lift its first half bottomline to some $151 million, surpassing its FY06 full year earnings of $138 million.

 

All it needs is a conservative $100 million during the second half for its full year profit to hit a record $250 million. This would translate into a forward PE of about 6 times - the lowest for any billion-dollar market capitalised company.

 

The stock of Malaysia's leading brokerage, TA Enterprise, is trading at more than 20 times earnings.

 

Even if one were to impute a forward PE of 10 times on UOB Kay Hian, this would translate into a prospective price of around $4.00 on the stock - a huge upside from current levels.

 

But, of course, anyone contemplating investing in a brokerage has to assume that the market will remain buoyant in foreseeable future.

While past performance is no guarantee of future prospects, most indications are that - despite anticipated bouts of volatility - liquidity inflows remain intact, especially as private equity and takeover funds continue to scour the market in earnest.

 

Yes, UOB Kay Hian has indeed run up sharply in recent weeks.

 

But if one is convinced that the market still has legs, and wants to leverage on this upside, then the value proposition of investing in Singapore's dominant investment house becomes somewhat more obvious.

 

Yes, how much is the payout?  Then can decide to hold or sell.

 

Anyone know how much each share will get under Section 44 for UOB-KH ?

 

this stock's interesting, everyday inch it's way up. Section 44 is the balance tax credit resident companies has to utilise before Dec 2007. I think UOB and its subsidiaries havent paid out any. Definitely looking forward to them paying and a good 2Q result should see this stock passing $3 before end of yr. Breakout on chart looks beautiful...

 

Ed88KS, what is Sect 44?

 

WILL BE PAYING OUT SECT44 SOON

 

Running very fast these few days......what's happening?

 

wow..... moved so much?

somethings up!!!

vested

 

Up another 20 cents today. Strange. Is there something brewing?

 

Beautiful! closed at $2.04 with 3.24million shares, volume highest since January's price breakout. Maybe some good news coming, it's Hong Kong branch must be doing very well with the recent influx of funds from China. A good hedging stock to keep in the portfolio, look forward to $0.20 dividend, hopefully $3 by year end.......   

 

Managed to cross $2 today. It is now more expensive than Kim Eng. Any news for this counter?