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4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Oversea-Chinese Banking Corp. Limited    OCBC   SG1S04926220

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Ten Lifestyle : To Provide Concierge Services To OCBC Bank

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04/21/2018 | 12:19pm CEST

Lifestyle and travel platform company Ten Lifestyle Group PLC said on Friday it has won a contract with Bank of Singapore parent OCBC Bank to provide concierge services to its high net worth clients.

Under the contract, Ten Lifestyle will provide OCBC Bank members with a premium travel and lifestyle concierge service, with access to unique offers, benefits and localised events.

The contract is expected to be a "medium" contract, whereby the annual value of net revenue to Ten Lifestyle is between GBP250,000 and GBP2.0 million.

"We are incredibly honoured to have been chosen as a key partner for such a powerhouse of a bank here in Singapore, and the Southeast Asian market. Singapore is known for its exceptional customer service and we are excited to bring our unique digital platform and in-depth knowledge of the market to the OCBC Bank`s Voyage card base," said Chief Operating Officer Andrew Long.

Shares in Ten Lifestyle Group were up 5.1% at 159.80 pence on Friday.

(c) 2018 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( SGD)
Sales 2018 10 338 M
EBIT 2018 5 945 M
Net income 2018 4 822 M
Debt 2018 -
Yield 2018 3,10%
P/E ratio 2018 12,19
P/E ratio 2019 11,08
Capi. / Sales 2018 5,57x
Capi. / Sales 2019 5,12x
Capitalization 57 581 M
Chart OVERSEA-CHINESE BANKING CO
Duration : Period :
Oversea-Chinese Banking Co Technical Analysis Chart | OCBC | SG1S04926220 | 4-Traders
Technical analysis trends OVERSEA-CHINESE BANKING CO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 14,1  SGD
Spread / Average Target 2,3%
EPS Revisions
Managers
NameTitle
Samuel Nag Tsien Group CEO & Non-Independent Executive Director
Sang Kuang Ooi Chairman
Ching Wei Hong Chief Operating Officer
Siew Peng Tan Chief Financial Officer & Executive Vice President
Khiang Tong Lim Head-Group Operations & Technology
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