Earnings Alerts

Great Eastern Holdings (GE) Earnings Soar: 2Q Net Income Up 45% Y/Y to S$280.4M

  • Net Income Growth: Great Eastern’s net income rose to S$280.4 million, a 45% increase compared to the same period last year.
  • Increased Sales: Total weighted new sales stood at S$448 million, marking a 34% year-on-year increase.
  • Higher Business Value: The new business embedded value reached S$175.7 million, growing by 12% year-on-year.
  • Dividend Payout: An interim dividend of 45 Singapore cents per share was declared.
  • Dividend Strategy: The company aims to ensure that each dividend payout is not lower than the previous one.
  • Operational Stability: An offer by OCBC and the suspension of trading shares have no impact on Great Eastern’s insurance business and operations.
  • Analyst Ratings: There are currently no buy, hold, or sell ratings for the company.
  • Historical Comparison: Comparisons are made based on values reported from the company’s original disclosures.

Great Eastern Holdings on Smartkarma

Analysts on Smartkarma are closely monitoring the developments surrounding Great Eastern Holdings. David Blennerhassett‘s report “Great Eastern (GE SP): Inching Towards Suspension” highlights the intricacies of the recent offer by OCBC and the trading dynamics. Meanwhile, Arun George‘s analysis in “Great Eastern Holdings (GE SP): Playbook as OCBC Offer Declared Final, IFA Opines NOT Fair” sheds light on potential suspension post-offer and long-term investor expectations.

In another report, David Blennerhassett discusses M&A trends with a focus on Great Eastern Holdings within the Asian market in “Mostly Asia M&A, May 2024: Malaysia Airports, Alps Logistics, Nihon Housing, Great Eastern”. Additionally, the sentiment towards Great Eastern Holdings‘ stock price and potential for a bump in the offer terms are explored in “Great Eastern (GE SP): Getting Technical” by David Blennerhassett and “Great Eastern Holdings (GE SP): OCBC’s Offer Needs a Bump to Achieve Privatisation Ambitions” by Arun George.


A look at Great Eastern Holdings Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Great Eastern Holdings Limited, a key player in the life insurance sector, is positioned for a promising long-term outlook based on Smartkarma Smart Scores. With a solid resilience score of 5, the company demonstrates strong capability to weather market uncertainties and economic fluctuations. Moreover, boasting a momentum score of 5, Great Eastern Holdings shows positive growth prospects and a favorable market sentiment.

Additionally, the company’s overall outlook is further reinforced by balanced scores in key areas such as value, dividend, and growth, all scoring a respectable 3. This signifies a stable financial performance and potential for steady returns over the long run. Great Eastern Holdings‘ diverse offerings, including life and health insurance, fund management services, and general insurance, underscore its robust position within the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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