In line with the good results, OCBC hiked its total dividend to S$0.68 for last year, 28% higher than the S$0.53 paid out in the prior year.There could be more good news from the bank in the quarters to come.
In line with Keppel’s Vision 2030, the conglomerate has also announced asset monetisation exceeding S$4.6 billion and is on track to exceed its S$5 billion target by the end of this year. Furthermore, the REIT is also insulated from interest rate increases as it has a low cost of debt of 1.7% with 78.7% of its loans on fixed rates.Hongkong Land, or HKL, is a property development, investment and management firm with more than 850,000 square metres of prime office and luxury retail assets in Asian cities such as Singapore, Hong Kong, Beijing, and Jakarta.