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investshare Supreme	01-Nov-2016 18:01        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	As I mentioned before, share price next 6 months may still under pressure. Market is still very concern on the O&G debt issue. While we may say that the risk is very small, risk is still risk. And there is a reward to shoulder the risk. This is important as investors must always understand the risk and reward he is after. As such, I do not view current price as cheap, and therefore I do not blame short sellers for pushing down the price.. But I view it that it has priced in the risk that I can take. One of such risk is price could stagnant or go lower over next 6 months. Ask yourself if you can take this risk with DBS. Just4win      ( Date: 01-Nov-2016 17:05) Posted: Last min ended with a red  . Poor closing.
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Qanghoo Supreme	01-Nov-2016 17:39        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, but very little these days.  The way this mkt is beling played, we can do our own assessments, but still  kena hoot.  So, I have become a bit of a coward in playing the mkt, although I am personally very bullish on DBS.  Just4win      ( Date: 01-Nov-2016 16:11) Posted: You are vested in this counter , bro ? It will be nice if it can go above $16.. will prob sell then, but will leave behind those odd   number of shares inherited as dividents . LOL    Qanghoo      ( Date: 01-Nov-2016 14:01) Posted: Yesterday morning, I made the pt in a post  further down  that at some pt, the provisioning will taper off, ie, at some future date going forward.  This writeup below seems more hopeful than I am.  So, if really it happens that by 4Q, we' re not gonna be confronted by more big scares (or at least substantially less of them ), then I' m gonna make a bold guesstimate that 4Q for DBS cld come in at 1.3-1.4 bil, translating into FY16 of 4.6-4.7 bil, or eps of 1.80+-.  DBS is trading at PE< 9.  If we were to take the average PE  for  banking n finance  to be ard  10, then my own forward TP for DBS for the next 6 mths  wld be  18+.  DYODD as always though.  Also, do guard against scare-mongering n lots of potholes n booby traps out there.  Good luck to those vested.  For me, a prized stock.
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Just4win Supreme	01-Nov-2016 17:05        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	Last min ended with a red  . Poor closing.
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Just4win Supreme	01-Nov-2016 16:11        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are vested in this counter , bro ? It will be nice if it can go above $16.. will prob sell then, but will leave behind those odd   number of shares inherited as dividents . LOL    Qanghoo      ( Date: 01-Nov-2016 14:01) Posted: Yesterday morning, I made the pt in a post  further down  that at some pt, the provisioning will taper off, ie, at some future date going forward.  This writeup below seems more hopeful than I am.  So, if really it happens that by 4Q, we' re not gonna be confronted by more big scares (or at least substantially less of them ), then I' m gonna make a bold guesstimate that 4Q for DBS cld come in at 1.3-1.4 bil, translating into FY16 of 4.6-4.7 bil, or eps of 1.80+-.  DBS is trading at PE< 9.  If we were to take the average PE  for  banking n finance  to be ard  10, then my own forward TP for DBS for the next 6 mths  wld be  18+.  DYODD as always though.  Also, do guard against scare-mongering n lots of potholes n booby traps out there.  Good luck to those vested.  For me, a prized stock.  WanSiTong      ( Date: 01-Nov-2016 13:21) Posted: Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs 3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS. WHAT' S NEW Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade. NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter. Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks. Trimming expenses. Banks have started to pay more attention to cost rationalisation. DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB. New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year. Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB. ACTION Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward. SECTOR CATALYSTS Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%. ASSUMPTION CHANGES As per our results notes for DBS and OCBC. RISKS Further economic slowdown and political risks in regional countries. Source: UOB KayHian Research
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Qanghoo Supreme	01-Nov-2016 14:01        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday morning, I made the pt in a post  further down  that at some pt, the provisioning will taper off, ie, at some future date going forward.  This writeup below seems more hopeful than I am.  So, if really it happens that by 4Q, we' re not gonna be confronted by more big scares (or at least substantially less of them ), then I' m gonna make a bold guesstimate that 4Q for DBS cld come in at 1.3-1.4 bil, translating into FY16 of 4.6-4.7 bil, or eps of 1.80+-.  DBS is trading at PE< 9.  If we were to take the average PE  for  banking n finance  to be ard  10, then my own forward TP for DBS for the next 6 mths  wld be  18+.  DYODD as always though.  Also, do guard against scare-mongering n lots of potholes n booby traps out there.  Good luck to those vested.  For me, a prized stock.  WanSiTong      ( Date: 01-Nov-2016 13:21) Posted: Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs 3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS. WHAT' S NEW Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade. NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter. Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks. Trimming expenses. Banks have started to pay more attention to cost rationalisation. DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB. New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year. Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB. ACTION Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward. SECTOR CATALYSTS Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%. ASSUMPTION CHANGES As per our results notes for DBS and OCBC. RISKS Further economic slowdown and political risks in regional countries. Source: UOB KayHian Research
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WanSiTong Supreme	01-Nov-2016 13:21        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs 3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS. WHAT' S NEW Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade. NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter. Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks. Trimming expenses. Banks have started to pay more attention to cost rationalisation. DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB. New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year. Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB. ACTION Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward. SECTOR CATALYSTS Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%. ASSUMPTION CHANGES As per our results notes for DBS and OCBC. RISKS Further economic slowdown and political risks in regional countries. Source: UOB KayHian Research
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Just4win Supreme	01-Nov-2016 09:02        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS up up up ! FATABA      ( Date: 01-Nov-2016 08:58) Posted: And there is a 100lot married deal at 15 this morning....HMmmm WanSiTong      ( Date: 01-Nov-2016 08:49) Posted: No share buy-back.
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FATABA Supreme	01-Nov-2016 08:58        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	And there is a 100lot married deal at 15 this morning....HMmmm WanSiTong      ( Date: 01-Nov-2016 08:49) Posted: No share buy-back.   Just4win      ( Date: 31-Oct-2016 18:14) Posted: Could be DBS share payback ?
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WanSiTong Supreme	01-Nov-2016 08:49        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	No share buy-back.   Just4win      ( Date: 31-Oct-2016 18:14) Posted: Could be DBS share payback ?   investshare      ( Date: 31-Oct-2016 17:55) Posted: Wow this guy wait patiently whole day and buy up at the end of day
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investshare Supreme	01-Nov-2016 08:39        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think next 6 month hard to say. But long term I am quite confident. Maller      ( Date: 31-Oct-2016 20:52) Posted: Think more upside?
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Maller Elite	31-Oct-2016 20:52        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think more upside?
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investshare Supreme	31-Oct-2016 18:55        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have not seen such announcements yet. Just4win      ( Date: 31-Oct-2016 18:14) Posted: Could be DBS share payback ?   investshare      ( Date: 31-Oct-2016 17:55) Posted: Wow this guy wait patiently whole day and buy up at the end of day
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Just4win Supreme	31-Oct-2016 18:14        Just4win About Contact  Quote this Post!
x 0   x 0  Alert Admin	Could be DBS share payback ?   investshare      ( Date: 31-Oct-2016 17:55) Posted: Wow this guy wait patiently whole day and buy up at the end of day. WanSiTong      ( Date: 31-Oct-2016 17:16) Posted: Total :  1,349,600     shares buy up 17:04:47 15.000 900 Buy Up 17:04:47 15.000 3,900 Buy Up 17:04:47 15.000 60,400 Buy Up 17:04:47 15.000 11,500 Buy Up 17:04:47 15.000 5,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 30,700 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 15,100 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 1,200 Buy Up 17:04:47 15.000 17,600 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 2,700 Buy Up 17:04:47 15.000 28,100 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 1,200 Buy Up 17:04:47 15.000 26,800 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 3,400 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 4,100 Buy Up 17:04:47 15.000 4,600 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 2,600 Buy Up 17:04:47 15.000 7,400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 7,800 Buy Up 17:04:47 15.000 22,200 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 1,700 Buy Up 17:04:47 15.000 6,300 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 3,000 Buy Up 17:04:47 15.000 27,800 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 10,200 Buy Up 17:04:47 15.000 50,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 2,900 Buy Up 17:04:47 15.000 13,400 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 17,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 3,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 50,000 Buy Up 17:04:47 15.000 10,200 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 2,900 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 4,400 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 6,600 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 4,300 Buy Up 17:04:47 15.000 900 Buy Up 17:04:47 15.000 8,800 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 4,600 Buy Up 17:04:47 15.000 2,900 Buy Up 17:04:47 15.000 10,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 19,000 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 1,600 Buy Up 17:04:47 15.000 17,400 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 600 Buy Up 17:04:47 15.000 1,900 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 3,000 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 7,100 Buy Up 17:04:47 15.000 2,100 Buy Up 17:04:47 15.000 27,800 Buy Up 17:04:47 15.000 28,000 Buy Up 17:04:47 15.000 10,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 28,000 Buy Up 17:04:47 15.000 5,000 Buy Up 17:04:47 15.000 900 Buy Up 17:04:47 15.000 12,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 3,600 Buy Up 17:04:47 15.000 48,400 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 6,000 Buy Up 17:04:47 15.000 19,900 Buy Up 17:04:47 15.000 20,800 Buy Up 17:04:47 15.000 3,800 Buy Up 17:04:47 15.000 8,700 Buy Up 17:04:47 15.000 5,100 Buy Up 17:04:47 15.000 5,100 Buy Up 17:04:47 15.000 2,200 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 4,000 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 4,700 Buy Up 17:04:47 15.000 4,400 Buy Up 17:04:47 15.000 11,900 Buy Up 17:04:47 15.000 38,400 Buy Up 17:04:47 15.000 35,100 Buy Up 17:04:47 15.000 7,300 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 1,700 Buy Up 17:04:47 15.000 1,900 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 15,700 Buy Up 17:04:47 15.000 17,700 Buy Up 17:04:47 15.000 600 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 28,900 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 69,500 Buy Up 17:04:47 15.000 5,600 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 75,500 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 7,300 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 27,100 Buy Up 17:04:47 15.000 10,000 Buy Up 17:04:47 15.000 10,500 Buy Up 17:04:47 15.000 14,600 Buy Up 17:04:47 15.000 4,400 Buy Up 17:04:47 15.000 6,100 Buy Up 17:04:47 15.000 3,700 Buy Up 17:04:47 15.000 5,300 Buy Up 17:04:47 15.000 1,700 Buy Up 17:04:47 15.000 4,200 Buy Up 17:04:47 15.000 49,600 Buy Up 17:04:47 15.000 4,200 Buy Up 17:04:47 15.000 6,000 Buy Up 16:59:57 14.930 100
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investshare Supreme	31-Oct-2016 17:55        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow this guy wait patiently whole day and buy up at the end of day. WanSiTong      ( Date: 31-Oct-2016 17:16) Posted: Total :  1,349,600     shares buy up 17:04:47 15.000 900 Buy Up 17:04:47 15.000 3,900 Buy Up 17:04:47 15.000 60,400 Buy Up 17:04:47 15.000 11,500 Buy Up 17:04:47 15.000 5,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 30,700 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 15,100 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 1,200 Buy Up 17:04:47 15.000 17,600 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 2,700 Buy Up 17:04:47 15.000 28,100 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 1,200 Buy Up 17:04:47 15.000 26,800 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 3,400 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 4,100 Buy Up 17:04:47 15.000 4,600 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 2,600 Buy Up 17:04:47 15.000 7,400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 7,800 Buy Up 17:04:47 15.000 22,200 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 1,700 Buy Up 17:04:47 15.000 6,300 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 3,000 Buy Up 17:04:47 15.000 27,800 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 10,200 Buy Up 17:04:47 15.000 50,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 2,900 Buy Up 17:04:47 15.000 13,400 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 17,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 3,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 50,000 Buy Up 17:04:47 15.000 10,200 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 2,900 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 4,400 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 6,600 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 4,300 Buy Up 17:04:47 15.000 900 Buy Up 17:04:47 15.000 8,800 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 4,600 Buy Up 17:04:47 15.000 2,900 Buy Up 17:04:47 15.000 10,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 19,000 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 1,600 Buy Up 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Buy Up 17:04:47 15.000 4,700 Buy Up 17:04:47 15.000 4,400 Buy Up 17:04:47 15.000 11,900 Buy Up 17:04:47 15.000 38,400 Buy Up 17:04:47 15.000 35,100 Buy Up 17:04:47 15.000 7,300 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 1,700 Buy Up 17:04:47 15.000 1,900 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 15,700 Buy Up 17:04:47 15.000 17,700 Buy Up 17:04:47 15.000 600 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 28,900 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 69,500 Buy Up 17:04:47 15.000 5,600 Buy Up 17:04:47 15.000 2,000 Buy Up 17:04:47 15.000 75,500 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 7,300 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 27,100 Buy Up 17:04:47 15.000 10,000 Buy Up 17:04:47 15.000 10,500 Buy Up 17:04:47 15.000 14,600 Buy Up 17:04:47 15.000 4,400 Buy Up 17:04:47 15.000 6,100 Buy Up 17:04:47 15.000 3,700 Buy Up 17:04:47 15.000 5,300 Buy Up 17:04:47 15.000 1,700 Buy Up 17:04:47 15.000 4,200 Buy Up 17:04:47 15.000 49,600 Buy Up 17:04:47 15.000 4,200 Buy Up 17:04:47 15.000 6,000 Buy Up 16:59:57 14.930 100
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Qanghoo Supreme	31-Oct-2016 17:30        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have extracted the highlighted portion from brother Just4win' s post below.  It' s an interesting pt, given what some so-called analysts had negatively opined abt the impact on OCBC due to the repatration of funds  home by wealthy Indonesians in line with the tax amnesty.    So, conversely, expanding wealth management in Indonesia by DBS at this juncture is an opportuned move?  In any case, DBS has projected that the acquisition wld be earnings accretive one yr after the full completion of the purchase.  In Indonesia, DBS will gain about 410,000 customers, effectively increasing its base by six times. In Taiwan, DBS will add around 530,000 customers, expanding its base by 2.5 times. Just4win      ( Date: 31-Oct-2016 08:44) Posted: News from CNA  SYDNEY: DBS Group, Singapore' s biggest lender, said on Monday (Oct 31) it has agreed to buy Australia and New Zealand Banking Group' s (ANZ) wealth and retail businesses in five Asian countries for S$110 million above book value. The portfolio of businesses being acquired is in Singapore, Hong Kong, China, Taiwan and Indonesia, representing total deposits of S$17 billion, loans of S$11 billion, investment assets under management of S$6.5 billion and total revenue of S$825 million for FY2016. The ANZ units serve about 1.3 million customers in total, of which more than 100,000 are affluent or private wealth customers and 1.2 million are retail customers. With the acquisition, DBS will add S$23 billion in wealth assets under management to its books, with high net-worth clients accounting for S$6 billion. This will take its total wealth assets under management to S$182 billion. In Indonesia, DBS will gain about 410,000 customers, effectively increasing its base by six times. In Taiwan, DBS will add around 530,000 customers, expanding its base by 2.5 times. The transaction is expected to be completed progressively from the second quarter of 2017, with the target for full completion in all markets by early 2018.
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WanSiTong Supreme	31-Oct-2016 17:16        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Total :  1,349,600     shares buy up 17:04:47 15.000 900 Buy Up 17:04:47 15.000 3,900 Buy Up 17:04:47 15.000 60,400 Buy Up 17:04:47 15.000 11,500 Buy Up 17:04:47 15.000 5,000 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 30,700 Buy Up 17:04:47 15.000 1,500 Buy Up 17:04:47 15.000 15,100 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 700 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 1,200 Buy Up 17:04:47 15.000 17,600 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 400 Buy Up 17:04:47 15.000 200 Buy Up 17:04:47 15.000 2,700 Buy Up 17:04:47 15.000 28,100 Buy Up 17:04:47 15.000 100 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 300 Buy Up 17:04:47 15.000 1,200 Buy Up 17:04:47 15.000 26,800 Buy Up 17:04:47 15.000 9,200 Buy Up 17:04:47 15.000 3,400 Buy Up 17:04:47 15.000 800 Buy Up 17:04:47 15.000 1,000 Buy Up 17:04:47 15.000 500 Buy Up 17:04:47 15.000 4,100 Buy Up 17:04:47 15.000 4,600 Buy Up 17:04:47 15.000 400 Buy Up 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15.000 49,600 Buy Up 17:04:47 15.000 4,200 Buy Up 17:04:47 15.000 6,000 Buy Up 16:59:57 14.930 100
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investshare Supreme	31-Oct-2016 12:01        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	From DBS: Outlook 2017  Loan and non-interest income: mid-single digit growth  Interest rates: short term uncertainty, should be alleviated by Fed hikes  Expenses: target flat jaws  Cost of credit: similar to this year&rsquo s excluding Swiber   investshare      ( Date: 31-Oct-2016 11:38) Posted: Hi, there is a difference between ' above book value' vs ' above valuation' . While DBS is paying above book value, it does not mean they pay above valuation. In fact, they can never pay above valuation, because whatever price they agree, it is their valuation, they need to justify it. anyway, as it is above book value, while DBS own share price is below book value, the price to book value will increase a little bit, not significant. For the other impacts, refer below forecast fr DBS.    Transaction to be completed progressively over 15 months, beginning with Singapore  Expected to add $200m to Group income in 2017 and $600m in 2018  Projected earnings of $200m within three years with ROE > 15% junction      ( Date: 31-Oct-2016 11:06) Posted: This is a small acquisition but we dont know whether it will be accretive since DBS is paying above valuation.
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junction Master	31-Oct-2016 11:57        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	You have a point.   It should be above book value. investshare      ( Date: 31-Oct-2016 11:38) Posted: Hi, there is a difference between ' above book value' vs ' above valuation' . While DBS is paying above book value, it does not mean they pay above valuation. In fact, they can never pay above valuation, because whatever price they agree, it is their valuation, they need to justify it. anyway, as it is above book value, while DBS own share price is below book value, the price to book value will increase a little bit, not significant. For the other impacts, refer below forecast fr DBS.    Transaction to be completed progressively over 15 months, beginning with Singapore  Expected to add $200m to Group income in 2017 and $600m in 2018  Projected earnings of $200m within three years with ROE > 15% junction      ( Date: 31-Oct-2016 11:06) Posted: This is a small acquisition but we dont know whether it will be accretive since DBS is paying above valuation.
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investshare Supreme	31-Oct-2016 11:38        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, there is a difference between ' above book value' vs ' above valuation' . While DBS is paying above book value, it does not mean they pay above valuation. In fact, they can never pay above valuation, because whatever price they agree, it is their valuation, they need to justify it. anyway, as it is above book value, while DBS own share price is below book value, the price to book value will increase a little bit, not significant. For the other impacts, refer below forecast fr DBS.    Transaction to be completed progressively over 15 months, beginning with Singapore  Expected to add $200m to Group income in 2017 and $600m in 2018  Projected earnings of $200m within three years with ROE > 15% junction      ( Date: 31-Oct-2016 11:06) Posted: This is a small acquisition but we dont know whether it will be accretive since DBS is paying above valuation. Just4win      ( Date: 31-Oct-2016 08:44) Posted: News from CNA  SYDNEY: DBS Group, Singapore' s biggest lender, said on Monday (Oct 31) it has agreed to buy Australia and New Zealand Banking Group' s (ANZ) wealth and retail businesses in five Asian countries for S$110 million above book value. The portfolio of businesses being acquired is in Singapore, Hong Kong, China, Taiwan and Indonesia, representing total deposits of S$17 billion, loans of S$11 billion, investment assets under management of S$6.5 billion and total revenue of S$825 million for FY2016. The ANZ units serve about 1.3 million customers in total, of which more than 100,000 are affluent or private wealth customers and 1.2 million are retail customers. With the acquisition, DBS will add S$23 billion in wealth assets under management to its books, with high net-worth clients accounting for S$6 billion. This will take its total wealth assets under management to S$182 billion. In Indonesia, DBS will gain about 410,000 customers, effectively increasing its base by six times. In Taiwan, DBS will add around 530,000 customers, expanding its base by 2.5 times. The transaction is expected to be completed progressively from the second quarter of 2017, with the target for full completion in all markets by early 2018.
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junction Master	31-Oct-2016 11:36        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you look at the details, high net worth clients make up a very small proportion.   How many of them will not jump ship bearing in mind that lately many of DBS high net worth customers have suffered from the collapse of bonds promoted by DBS. FATABA      ( Date: 31-Oct-2016 11:22) Posted: Noted the added $23B ADDED wealth assets ??    How much do you think the wealth mgt team can make out of this ? ​ I guess it can easily pay for the 110M very soon if not wrong.  Anyway DYODD. junction      ( Date: 31-Oct-2016 11:06) Posted: This is a small acquisition but we dont know whether it will be accretive since DBS is paying above valuation.
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