OCBC shows it’s still a buyer of Great Eastern

A RARE fillip of excitement earlier this week involving shares of Great Eastern could refocus investor attention on OCBC’s strategic plans for its tightly-owned insurance group and the exceedingly low valuations the latter’s shares currently garner in the market.

It seems unlikely to be a catalyst for a re-rating of the stock, though.

Nearly 2.37 million Great Eastern shares changed hands on Monday (Jun 19), most of them at just under S$17 each.