Tenzin Partners’ Post

Proud to be working for the "Best Bank in Asia Pacific" 🏆 ASEAN is a vibrant region of 700m people, GDP of USD3.6 trillion growing at 5% p.a with a trade flow of USD2 trillion. With strong ambitions to become the #1 Trade Bank in ASEAN leveraging our connectivity and sustainability capabilities, we are optimistic about ASEAN's future. ASEAN's journey toward net zero reflects its commitment to combating climate change and ensuring sustainable development. The region is focusing on embedding climate goals into national policies, increasing investments in renewable energy, and adopting green technologies. Regional cooperation is also being emphasized to share knowledge and best practices, fostering a unified approach to sustainability to ensure interoperability. However, several challenges need to be addressed. Transitioning to a low-carbon economy requires significant investment and structural changes in key industries, which can be complex and resource-intensive. Securing adequate financing for green projects, developing sustainable infrastructure, and harmonizing regulations across member states are critical hurdles. Additionally, balancing economic growth with environmental goals while ensuring social equity is essential for a just and orderly transition. Despite these challenges, ASEAN's commitment and collaborative efforts provide a promising pathway to achieving net zero. By addressing these issues and leveraging its collective strengths, ASEAN can set a powerful example for sustainable development on a global scale. Supporting ASEAN’s green transformation is crucial for a sustainable future for us at UOB #OneBankforASEAN #SustainableFuturewithUOB

The private banking arm of OCBC has hired three executives to strengthen its discretionary portfolio management (DPM) capabilities. Bank of Singapore, Asia's Global Private Bank has expanded its DPM team with the addition of Ivan Goh as senior portfolio manager, Donavan Goh, CFA as portfolio manager, and Shayna Mok, CFA as client portfolio manager. (Finews.asia)

We are excited to announce that H&H Group has successfully priced a new 3.5-year USD$300m Senior Notes offering, marking a significant milestone in our capital management strategy. Key highlights from this transaction include: Cost Optimization The bond carries a coupon rate of 9.125%, significantly lower than the existing 13.5% bond, resulting in cost savings and enhanced financial flexibility. Sustainable Capital Structure With the maturity extended to 2028, this new issuance strengthens our debt profile and provides a solid foundation for future strategic growth. High-Quality Book building & Expanded Investor Base The offering attracted over 100 institutional investors globally, with demand oversubscribed by over 4 times. This strong demand reflects robust support for our future financing efforts and enhances our investor base. We look forward to continued success and strategic growth as we further enhance our capital structure and build lasting relationships with our investors. Personally, I was delighted to work on the deal alongside my talented and dedicated team mates Jason Wang and Mavis Lu and our partners at Deutsche Bank, Goldman Sachs and Morgan Stanley who were joint global coordinators, as well as joint lead managers and bookrunners with CITIC Bank International, HSBC and Mashreq Bank. Industrial Bank Hong Kong branch and Rabobank Hong Kong branch were co-managers. H&H Group Swisse Wellness (part of H&H Group) ##H&H #USDBondIssuance #CapitalStructure #InvestorRelations #SustainableGrowth

Grateful to have attended the UOBM Privilege Dinner Event: Navigating Wealth & Protection with Christy Sia . It was an insightful evening filled with valuable information on wealth management and protection strategies. This event reinforced the importance of staying informed and proactive in our financial journeys, especially in these ever-changing times. Such a thoughtful event and for the opportunity to connect with industry leaders and peers. 💼💡 #WealthManagement #FinancialPlanning #Networking

OCBC's exploration of redeveloping its properties on Chulia Street and Church Street in Singapore's CBD presents a strategic opportunity to enhance property value and the bank's brand image. Bundling these assets into a real estate investment trust (Reit) could unlock further value for shareholders, offering recurrent income and potential asset appreciation. An internally managed Reit could minimize costs and maximize focus on asset management, providing shareholders with a unique investment opportunity. While redevelopment plans should be approached sensitively, there's potential to create a new CBD landmark aligned with modern space requirements. With OCBC's financial expertise, packaging the redeveloped properties into a Reit could be a promising venture for shareholders. #RealEstate #Investment #Growth #PropertyValue #AssetManagement #REITs #Singapore I The Business Times I SPH Media I Leslie Yee

🌧️ Rainy Days at the Maybank Branch: Turning Weather into Opportunity ☔ There’s something special about a rainy day at the branch. The steady rhythm of raindrops outside often brings a sense of calm inside, creating the perfect atmosphere for focused work. Instead of letting the weather slow us down, we can use it to our advantage. The quieter, more reflective mood is ideal for reviewing client portfolios, planning strategies, or simply catching up on tasks that need deep concentration. As financial advisor, we understand that every day—rain or shine—presents an opportunity to help our clients reach their financial goals. So, next time the rain falls, let’s embrace the mood and turn it into a productive day. #Productivity #FinancialPlanning #RainyDays #Maybank #Focus #WorkLife 🐯

I was reading this article, and Table 2 caught my eyes. I wonder if the history-loving Chairman of OCBC has forgotten this part of history. There was a time when OCBC stood tall with fair and reasonable offers, paying around the median valuation to buy GEH in 2004 (1.3x EV) and 2006 (1.5x EV). What a sad irony. Current offer price = $25.60, FY2023 EV = $36.59, it means the offer is priced at 0.7x EV. 😞 https://lnkd.in/gdA-2k49

It’s fascinating to see how our local banks have grown over the years. Did you know OCBC, founded in 1932, started as a small local bank and now ranks among Southeast Asia’s top three largest banks by assets? In our latest article, we went through OCBC’s history books and find out how the bank navigated through decades of change and leveraging strategic decisions to become a key player in the region’s financial sector. This isn’t just a history lesson—it’s a chance to understand the roots of our banking industry and see how the past shapes our present and future. Whether you're in finance or simply curious about our local heritage, this article offers valuable insights into the resilience and growth of Singapore’s financial institutions: https://lnkd.in/ghppvJQ2 #DollarsAndSense #Bankingsector #bankingheritage

OCBC, UOB record strong wealth momentum in 1H. UOB's Wee Ee Chong shared the bank's strong momentum in wealth management, and his views on the opportunities in North Asia. https://lnkd.in/eA-KF_4n #ocbc #uob #wealthmanagement #northasia

From Lehman Brothers to the ‘Everything Everywhere All at Once’ Rally Last night, I attended an enlightening event co-hosted by Maybank Investment Banking Group and the NTU Investment Interactive Club, featuring heavyweights like CEO Aditya Laroia and Head of Research Thilan Wickramasinghe. The event offered an in-depth look into both the structure of Maybank and the broader banking industry, highlighting its dual focus on investment banking and asset management. Aditya shared insights from his extensive career, which included a tenure at Lehman Brothers during its collapse in 2008, as well as his experiences in global markets from New York to Singapore. His reflections underscored the importance of adaptability and resilience in navigating the complexities of the financial world. Thilan provided his compelling thesis on what he referred to as an "Everything Everywhere All at Once" rally that he anticipates in 2024. His rationale? A rare soft landing in the U.S., promising consumer confidence recovery in China, and Southeast Asia benefiting from newfound political and economic stability. While there are challenges, including unconfirmed Chinese government spending initiatives, the outlook remains optimistic with potential capital inflows as risk-free rates decrease. I also had the opportunity to inquire about the Singapore IPO market, which is currently experiencing some challenges. Aditya addressed how Maybank is adapting by targeting mid-cap companies and leveraging Depositary Receipts to boost revenue. I managed to snag a picture with Aditya, but due to time constraints (and perhaps the Everything Everywhere theme kicking in), I unfortunately missed the chance to snap one with Thilan. Next time, hopefully! Overall, the event provided me with valuable insights into how banks are structured and operate, along with thought-provoking market forecasts. Special thanks to NTU IIC, Aditya Laroia, Thilan Wickramasinghe, and Arthur Caseiro for an insightful and engaging session. #InvestmentBanking #MaybankSecurities #MarketTrends #IPO #CampusRecruitment #NTU