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DBS
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Starship
Supreme |
13-Jul-2019 15:07
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This Champion Horse will obliterate all the Shorties............................... ![]() ![]() ![]()   |
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Goldfinger
Supreme |
13-Jul-2019 13:45
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But why the obsession with private properties? If one cannot afford private, HDB is a great place to stay. Look at Hong Kong people suffering living in cages and rental flats.
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Qanghoo
Supreme |
13-Jul-2019 13:33
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I' d have no issue if it has the desired impact of ensuring that aspirants, especially those not in the upper brackets, wld have a better reach to private properties.  But this seems not to be panning out that way.  On other hand, one probable -ve impact on GDP growth cld be the hampering of the construction engine. 
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Qanghoo
Supreme |
13-Jul-2019 13:26
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Sometimes, we do bark up the wrong tree, don' t we?  In my view it' s probably, to some extent at least, borne out of our havint a bit of a patronising attitude - that we are perhaps in an attractive position where others ' seeking shelter' wld always find solace.  Well, this might not always be so. 
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Starship
Supreme |
13-Jul-2019 11:41
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Too many people believe that white is always better than yellow................till they find out the truth themselves............... ![]() ![]()  
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Goldfinger
Supreme |
13-Jul-2019 11:33
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If you are rich PRC - why would you put your money in rich US enemy hands? See what happen to Huawei?!! Really.
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Goldfinger
Supreme |
13-Jul-2019 11:10
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Economy so weak still want ABSD to curb property growth and consumption. Brilliant folks who miscalculated. | ||||
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Qanghoo
Supreme |
13-Jul-2019 01:23
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The world gets ever smaller by the day in the cyber age.  These days, investment flows are so fluid.  As fast as they can (if they ever do) land in Sg when HK hits turbulence, they can also as quickly return to HK when the dust settles.  I for one remain convinced that HK' s not gonna lose its dominance as an Asian financial hub over some transient political disturbance which appears commonplace anyway (even though it seemed to have reached an unprecedent scale this time ard).  Lots of people wld usually like to return to their roots whenever they can even given somewhat more onerous conditions than if they were elsewhere.  Call it human nature if we like. 
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pasttime
Supreme |
12-Jul-2019 23:47
Yells: "gold silver are real money. not others iou." |
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wishful thinking that money run from hk to singapore. they run also run to us or uk. us djia is now breaking new high daily. previous resistant has become support?   |
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Sin_Cos_Tan
Veteran |
12-Jul-2019 21:40
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Don' t only read one side of the story.... Singapore cautions wealth managers on aggressively courting Hong Kong business http://www.channelnewsasia.com/news/business/mas-dbs-ocbc-bank-singapore-hong-kong-protest-11714880 When asked for a comment for this story, MAS referred to comments last month by its managing director, Ravi Menon, that here were no signs of " any significant shift of business or funds" from Hong Kong to Singapore. He had said that any upheaval in Hong Kong could actually be negative for Singapore. DYODD.  
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kandinsky
Master |
12-Jul-2019 21:13
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I dare not enter today as it is Friday. Will see next week.
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Zachiel
Senior |
12-Jul-2019 17:12
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Today closed higher. Vested more at 25.66 today. Shall wait for next week.  ![]()
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Starship
Supreme |
12-Jul-2019 16:49
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More boom-time coming for SG banks according to Dr. Chan.................. ![]() These days, the US economy only produces very high value goods or cheap commodities like agricultural products. Due to the low value of agricultural products, the US-China trade balance will not meaningfully improve even if China increases imports substantially. Thus, the true motivation driving this trade war is none other than to force China to open up its 1.3 billion consumer market. In particular, the US, as the preeminent leader in the global financial market, has been eyeing the lucrative Chinese financial market. Not just the US, China&rsquo s liberation of its market actually brings profound benefits to the whole world. Singapore businesses should not let this opportunity slip through. With our expertise in financial services, I see a bright future for our three local banks. http://aspire.sharesinv.com/61439/dr-chan-opportunities-available-arising-from-trade-war/ ![]()   |
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gchan516
Master |
12-Jul-2019 16:05
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unusually strong buy support today | ||||
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Starship
Supreme |
12-Jul-2019 15:13
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Boom-time for SG Banks in Boom-town Little Red Dot..........................  Singapore cautions wealth managers on aggressively courting Hong Kong business 12 Jul 2019 02:20PM(Updated:  12 Jul 2019 02:30PM) SINGAPORE: Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city state by capitalising on rival  Hong Kong' s political turmoil, people with knowledge of the matter said. Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of Oversea-Chinese Banking Corp (OCBC), the people said, declining to be identified given the sensitivity of the matter. The central bank told bankers it wanted to ensure wealth managers in Singapore were sensitive to the situation in Hong Kong and did not design campaigns specifically targeting business from Hong Kong, the people said. The move comes as Hong Kong has been thrown into turmoil by a proposed extradition bill -  declared dead  this week by its  chief executive  Carrie Lam  - that for the first time would have allowed China to seek extraditions from the city, sparking demonstrations that attracted at least a million protesters. Some tycoons in the Chinese-controlled territory have moved funds, or considered doing so, given provisions in the bill that would have allowed China to potentially freeze funds or other assets in the city. The unrest has also encouraged some wealth managers to choose to  set up in Singapore  after also considering Hong Kong, the main offshore hubs for wealth management in Asia, Reuters has reported. " The message was that we shouldn' t be taking undue advantage of what' s going on in Hong Kong," a senior banking source said on condition of anonymity. " We have to act responsibly and not launch campaigns to convince clients that this is a good time for them to move their assets," he said, adding he was not aware of any banks making a big push to get business from Hong Kong in the current climate. " We are getting a lot of enquiries. What can we do if clients are looking to moving money here? We can' t stop the flows," the Singapore-based banking source added. Singaporean banks, including DBS and OCBC, have been rapidly expanding their businesses in Hong Kong and China over the past few years, and the Greater China region accounts for a significant portion of their revenue. Like their global peers, Singaporean wealth managers also have Greater China desks in Singapore dedicated to clients in China, Hong Kong, and Taiwan and help them open bank accounts and set up family offices or trusts. " The fact is that we are getting inquiries from clients in Hong Kong. They want to know how this will impact their assets and the Hong Kong markets," an industry executive said. " If they really want to move offshore, we have to help them with that," the executive added.    https://www.channelnewsasia.com/news/business/mas-dbs-ocbc-bank-singapore-hong-kong-protest-11714880 |
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john_ric
Supreme |
12-Jul-2019 10:16
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but dbs morning so strong. | ||||
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kandinsky
Master |
12-Jul-2019 10:05
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The rally for the banks will fizzle out by end of the day.
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trademaster
Supreme |
12-Jul-2019 09:51
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Will we see another selldown for banks this afternoon? From price movements, my view is tech stocks and bank stocks are weak for now.
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FATABA
Supreme |
12-Jul-2019 09:45
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2 days after knowing the potential for interest cut ....ALL 3 banks are still on the rise .....:) Even if there is a cut , it is expect to be small cut ......good for housing loan , banks n even market has alrdy all factor this . On the other hand, Dow , S& P has hit record .....powering up ....pulling others. The crash many bears talk about since 2018 .....still not born ....certainly someday it will come ....when hah? ( so easy to say crash crash w no timing ....) DYODD.....for STI to power up , the banks has to lead ( STI weightage) Dividend/result season early Aug for banks .....DYODD Happy investing. |
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trademaster
Supreme |
12-Jul-2019 09:07
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As expected, index turning negative today, venture free fall lucky cut and not yet bottom scoop.
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