haw par corp

Haw Par Corporation H1 net profit up 18.2% at S$144.1 million 

It declares an interim dividend of 20 Singapore cents per share, unchanged from the year before

Minority investors want UOI to distribute the nearly 4.3 million Haw Par shares it holds.
HOCK LOCK SIEW

The real prize in minority investor action at UOI could well be Haw Par Corp

UOI’s high capital ratios and concentrated position in Haw Par shares are probably not an accident; UOB is itself a holder of 17.4 million such shares

A group of shareholders, representing around 2.8 million shares or 4.5% of UOI’s total shares, have proposed resolutions to be tabled at its upcoming AGM, according to a letter seen by The Business Times.

Minority shareholders request UOI to distribute Haw Par shares, unlock shareholder value

All shareholder requests and questions will be addressed at the insurer’s upcoming AGM, says UOI CEO

Revenue for the half-year grew 4.8% to S$126.7 million, driven by higher sales from the healthcare segment

Haw Par posts 5.5% drop in H2 profit; proposes special dividend of S$1 per share

The company is bracing for ‘continued inflationary pressures and uncertain consumption recovery’

Haw Par forecasts costs pressures to weigh down operating margins.

Haw Par’s H1 2024 net profit rose 17.1 per cent to S$122 million

Revenue for the period rose 6.3% to S$118.1 million as demand for healthcare products remains strong

Although Haw Par's healthcare products make up its largest segment, it could also turn to its other businesses to rev up growth. 
NEWS ANALYSIS

Tiger Balm maker Haw Par should show its stripes, hunt for growth in alternative segments

The company’s smaller segments include investments and leisure-related services

Tiger Balm maker Haw Par Corporation notes that the rise in its H2 revenue is buoyed by the increase in sale of healthcare products.

Haw Par H2 profit surges 58.1 per cent to S$112.4 million on strong recovery of healthcare sales

MAKER of Singapore’s famous Tiger Balm ointment Haw Par Corporation posted a net profit of S$112.4 million for the six months ended Dec 31, 2023, a 58.1 per cent increase from S$71.1 million over the ...

The late Wee Cho Yaw left his mark in many areas including the property sector.
THE LEVEL GROUND

Wee Cho Yaw’s business legacy may live on longer in property than in banking 

BUSINESS leaders, politicians and friends have paid tribute to Wee Cho Yaw, who died earlier this month at the age of 95. The late businessman was one of Singapore’s richest persons, an active communi...

PM Lee Hsien Loong with Wee Cho Yaw's  wife Chuang Yong Eng at the late banker's wake on Sunday (Feb 4).

Tributes pour in for visionary banker Wee Cho Yaw 

TRIBUTES for the late banking tycoon Wee Cho Yaw continued to pour in throughout the weekend as business leaders, politicians and friends mourn the passing of a visionary business leader, pioneering e...

Wee Ee Lim, president and CEO of Haw Par Corporation, says the US and European markets "helped the company through the most difficult period during Covid".
TOPLINE

Roar power: Haw Par rides on Tiger Balm strength to bite into new markets

CONSUMERS in Singapore would recognise the classic Tiger Balm ointment in a heartbeat.