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investshare Supreme	08-Aug-2016 13:11        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	OG definitely a drag, but I think market has priced in aggressively to current price. One positive note from CEO is that the business momentum pick up. To me this is very positive! Why? Because it means the normal biz profitability would be sustained. In other words, we can expect roughly $1b/qtr (before surprise bad debt). This give substantial margin to counter O&G issue. As we read end June results, est $300m from July operation already added into war chest. So time is on DBS side. Vested: 05/08 $14.86 08/08 $14.91 pnuklis      ( Date: 08-Aug-2016 12:36) Posted: Wait for other O& G companies wind up where DBS has loaned like Ezra - 1 billion, EMAS, Pacifioc radiance, Swissco, NC etc. THere shares must be headed to 10 dollars with all these NPL' s. Is it true are these NPL' s a drop in the ocean for DBS. Will they continue to loose money on these companies??????
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pinkowl Supreme	08-Aug-2016 13:03        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	I' m still a little hesistant...but am definitely interested and waiting to jump in. Will join you soon. Good luck! sun233      ( Date: 08-Aug-2016 11:45) Posted: Thanks. Holding ot for div jump.  pinkowl      ( Date: 08-Aug-2016 09:59) Posted: Congrats, Sun. Good result plus something positive here... http://www.businesstimes.com.sg/companies-markets/deal-with-swiber-still-alive-amtc-ceo
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pnuklis Master	08-Aug-2016 12:36        pnuklis About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wait for other O& G companies wind up where DBS has loaned like Ezra - 1 billion, EMAS, Pacifioc radiance, Swissco, NC etc. THere shares must be headed to 10 dollars with all these NPL' s. Is it true are these NPL' s a drop in the ocean for DBS. Will they continue to loose money on these companies??????
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ehclim Elite	08-Aug-2016 12:19        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is always 2 sides of a coin. One who wish the share price will drop so that they will sell short and their interest is to make quick bucks. Another group is like us who wish to collect 3 to 4% dividends annually and of course with capital gain too going forward. WanSiTong      ( Date: 08-Aug-2016 12:10) Posted: In summary - record first-half and second-quarter income Record 1H and 2Q income and profit before allowances, reflecting strong franchise despite a challenging environment Asset quality and allowance coverage remain sound Strong capital adequacy ratios and liquidity Strong operating performance and balance sheet have enabled DBS to absorb additional specific allowances and maintain record earnings   WanSiTong      ( Date: 08-Aug-2016 07:29) Posted: Highlights Record 1H and 2Q total income underpinned by improved business momentum  Net interest income and fee income at half-year highs  1H total income rises 6% to $ 5.78 billion 2Q total income up 8% from broad-based growth  2Q NIM of 1.87% up 12bp on year, stable on quarter. Loans grow 4% on quarter as trade loans reverse decline and non-trade loans grow  Expense growth decelerates from disciplined cost management  Higher allowances due largely to a single exposure  1H net profit maintained at record $ 2.25bn, ROE at 11.0% Strong balance sheet  NPL at 1.1%, allowance coverage at 113% and at 226% with collateral  LCR at 116%, NSFR above 100%  Fully phased-in CET 1 at 13.4%, leverage ratio at 7.7% Earning per share for 2Q 2016 : $ 1.67 Net Book Value per share as at 30.6.16 : $ 16.48
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WanSiTong Supreme	08-Aug-2016 12:10        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	In summary - record first-half and second-quarter income Record 1H and 2Q income and profit before allowances, reflecting strong franchise despite a challenging environment Asset quality and allowance coverage remain sound Strong capital adequacy ratios and liquidity Strong operating performance and balance sheet have enabled DBS to absorb additional specific allowances and maintain record earnings   WanSiTong      ( Date: 08-Aug-2016 07:29) Posted: Highlights Record 1H and 2Q total income underpinned by improved business momentum  Net interest income and fee income at half-year highs  1H total income rises 6% to $ 5.78 billion 2Q total income up 8% from broad-based growth  2Q NIM of 1.87% up 12bp on year, stable on quarter. Loans grow 4% on quarter as trade loans reverse decline and non-trade loans grow  Expense growth decelerates from disciplined cost management  Higher allowances due largely to a single exposure  1H net profit maintained at record $ 2.25bn, ROE at 11.0% Strong balance sheet  NPL at 1.1%, allowance coverage at 113% and at 226% with collateral  LCR at 116%, NSFR above 100%  Fully phased-in CET 1 at 13.4%, leverage ratio at 7.7% Earning per share for 2Q 2016 : $ 1.67 Net Book Value per share as at 30.6.16 : $ 16.48
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famouspinky Supreme	08-Aug-2016 12:02        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	If one were to look at the balance sheets of listed companies here, the leverage should ring the bell not to say household debts. famouspinky      ( Date: 08-Aug-2016 11:54) Posted: 2bil profit, showing lots of people taking loans. The number of people wanting to look good via loans is fantastic. Wind22i      ( Date: 08-Aug-2016 11:46) Posted: First half their profit still sgd 2 billion.. So nothing to worry about unless if u shorting it then u are in danger
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famouspinky Supreme	08-Aug-2016 11:54        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	2bil profit, showing lots of people taking loans. The number of people wanting to look good via loans is fantastic. Wind22i      ( Date: 08-Aug-2016 11:46) Posted: First half their profit still sgd 2 billion.. So nothing to worry about unless if u shorting it then u are in danger
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ehclim Elite	08-Aug-2016 11:50        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	WOW, WONDERFUL. Laughing all the way to the bank to deposit my DBS inetrim dividends of 30 cents per share which is beyond my expectation of 25 cents only. I will buy more before it shoots above $16. WanSiTong      ( Date: 08-Aug-2016 11:29) Posted: 大 吉 大 利 蓝 到 发 紫     ehclim      ( Date: 08-Aug-2016 11:18) Posted: Great, get deep blue one will be better.
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Wind22i Supreme	08-Aug-2016 11:46        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	First half their profit still sgd 2 billion.. So nothing to worry about unless if u shorting it then u are in danger
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sun233 Elite	08-Aug-2016 11:45        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. Holding ot for div jump.  pinkowl      ( Date: 08-Aug-2016 09:59) Posted: Congrats, Sun. Good result plus something positive here... http://www.businesstimes.com.sg/companies-markets/deal-with-swiber-still-alive-amtc-ceo sun233      ( Date: 08-Aug-2016 09:23) Posted: LOL Funds buying....
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famouspinky Supreme	08-Aug-2016 11:32        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dbs share price, px number is big, percentage of return frm share px appreciation is small henced the time to buy or time to sell is even more important. Do not be in love/ respect with this stOck just because it's $15 Theres no such thing as blue chips. Lol
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WanSiTong Supreme	08-Aug-2016 11:29        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	大 吉 大 利 蓝 到 发 紫     ehclim      ( Date: 08-Aug-2016 11:18) Posted: Great, get deep blue one will be better. WanSiTong      ( Date: 08-Aug-2016 11:13) Posted: Blue Huat kueh for  blue Singapore chip.    Huat arrhh~
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ehclim Elite	08-Aug-2016 11:18        ehclim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great, get deep blue one will be better. WanSiTong      ( Date: 08-Aug-2016 11:13) Posted: Blue Huat kueh for  blue Singapore chip.    Huat arrhh~     FATABA      ( Date: 06-Aug-2016 22:00) Posted: Investshare....I am glad that you can stay rational and saw the value of a blue Singapore chip.    ​ Yes, we might never catch the bottom but when there is value it would be worth accumulating . Good Luck
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WanSiTong Supreme	08-Aug-2016 11:13        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Blue Huat kueh for  blue Singapore chip.    Huat arrhh~     FATABA      ( Date: 06-Aug-2016 22:00) Posted: Investshare....I am glad that you can stay rational and saw the value of a blue Singapore chip.    ​ Yes, we might never catch the bottom but when there is value it would be worth accumulating . Good Luck investshare      ( Date: 06-Aug-2016 19:46) Posted: While I think DBS made a mistake, I think the market punishment is quite sufficient by now. The market cap is now $4b below book value, add that with the about $1b est quarter profit, a total of $5b! This is equivalent to price in half of the $20b O&G exposure will default, and that DBS can recover 50% from those default. Barring no other surprise, I think the price now is quite fair. Those who want more safety margin can wait. I am vested at $14.86
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investshare Supreme	08-Aug-2016 11:12        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will AMTC be Swibers white knight? But even that, I believe hair cut is inevitable. AUG 6, 20165:50 AM Singapore LONDON-BASED private equity firm AMTC's deal with beleaguered Swiber Holdings is still "alive", although it is likely to take another form now that the firm is under judicial management, its chief executive Smith O'Connor said. "Our team, including the legal and compliance desks, are working on how we can do this deal with Swiber . . . in a different way. We have a representative who flew in to Singapore today," Mr O'Connor told The Business Times in a phone interview. AMTC (its full name is AMTC Global Investment Solutions, according to its website) was originally meant to provide a lifeline to Swiber through a US$200 million subscription of its preference shares. Advertisement According to an affidavit filed by Swiber to support its judicial management application, the payment from the UK-based fund was delayed and Swiber eventually refused to extend the deal's completion date as requested by AMTC. In the meantime, AMTC had agreed to provide a bridging loan but even that had not come through, piling more pressure on Swiber. Help came from DBS Bank, Singapore's largest bank and Swiber's primary lender, which provided a bridging loan and overdraft facility for the ailing offshore firm to redeem two bonds worth a total S$205 million in June and July. Mr O'Connor said: "We were happy to do a deal with Swiber. It's a good company with nice people trying their best to go through the obstacles (facing the industry)." Even so, AMTC's investors, comprising investors from the Middle East and Russia, needed a little more convincing that the deal was a sound investment given the headwinds facing the oil and gas sector. This was all the more so because a Singapore-based consultant hired by the private equity firm had not deemed the investment to be a wise one, Mr O'Connor said. "It's not that we didn't want to transfer the funds. We sent a strong message that the deal will go ahead but we have a right to protect our investment. "We needed some more time to go through the report (prepared by the consultant) and run it by our board and investors," he added. Time, as it turned out, was not on Swiber's side. Faced with a cash flow crunch, mounting debt repayments and a flood of letters of demand, the firm took the drastic step to wind up its operations, only to rescind the move a couple of days later and opt for judicial management following a pep talk with its key bankers from DBS. "That news (of the winding up) - and the resignation of directors - was a big shock for all of us," Mr O'Connor, who has a 10 per cent share in AMTC, admitted. Then, he added: "But we are still interested to support Swiber . . . there is good value. The deal is alive." In a separate announcement on Friday night, Swiber said a brief outline of an Interim Judicial Managers' Report will be submitted to the High Court by Aug 19. Creditors may request a copy from its interim judicial managers' solicitors, Rajah & Tann Singapore LLP. The actual Interim Judicial Managers' Report will be submitted to the High Court by Sept 2 and a judge pre-trial conference will be held on Sept 5.
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FATABA Supreme	08-Aug-2016 10:01        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	No issue which was why I comment your point as correct and accurate.  DBS do have a large 650M general provision . ​ Using 200M from here and adding $150M this qtr is very normal.  especially having a 1.05B profit this qtr. They can certainly  rebuilt the general provision over qtrs. Thanks   surefire      ( Date: 08-Aug-2016 09:39) Posted: Dont get me wrong. I am all in support of dbs - I've been long for sometime now! But just wanted to point out the little accounting trick they have employed for those not accounting-trained who were confused (incl the newspapers) FATABA      ( Date: 08-Aug-2016 09:20) Posted: surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing.
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pinkowl Supreme	08-Aug-2016 09:59        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	Congrats, Sun. Good result plus something positive here... http://www.businesstimes.com.sg/companies-markets/deal-with-swiber-still-alive-amtc-ceo sun233      ( Date: 08-Aug-2016 09:23) Posted: LOL Funds buying.... sun233      ( Date: 08-Aug-2016 09:22) Posted: Fuds buying :)
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Qanghoo Supreme	08-Aug-2016 09:55        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brother, I' m with u.  N I' m sure u are well intentioned (seriously no cynicism attached).  But I' d also like to say that the fact DBS has a sizeable general provision contingency to better cushion for a rainy day does to some extent mean they have not been completely imprudent.  So, may be fair that they are able to draw on, n not  having to provide in full, for the Swiber thing.  Others might disagree, it' s OK by me.  But I think we cld all post our 2cts, realistically of course, to share.  surefire      ( Date: 08-Aug-2016 09:39) Posted: Dont get me wrong. I am all in support of dbs - I've been long for sometime now! But just wanted to point out the little accounting trick they have employed for those not accounting-trained who were confused (incl the newspapers) FATABA      ( Date: 08-Aug-2016 09:20) Posted: surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing.
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Immortal Master	08-Aug-2016 09:46        Immortal About Contact  Quote this Post!
x 0   x 0  Alert Admin	can buy today
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Qanghoo Supreme	08-Aug-2016 09:43        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Peace, indeed.  I am serenely at peace with myself.  Just seems so strange to me people seem to have not much concern  chionging into so many other super penny stocks with cashflow problems, n not much worried expressed in this SJ, yet are fretting so much abt DBS.  For me I' m sure DBS is adequately managing its debt n NPLs.  So, peace indeed.  seanpent      ( Date: 08-Aug-2016 09:32) Posted: Peace Moneyhunter      ( Date: 08-Aug-2016 09:27) Posted: The result is good. But what we worry is their exposure to O& G sector. Swiber is just the tip of the iceberg, there could be more coming. There will be a slight technical rebound up but next week DBS will continue to slide downward. Just my opinion Peace.
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