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DBS
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Misty11
Member |
30-Apr-2020 10:17
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The current CD is only 33 cents, XD 12/5/2020. The other 33 cents (Q1) no date announced yet.
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Joelton
Supreme |
30-Apr-2020 10:13
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Banks set to report first profit falls since 2016All three of Singapore' s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fuelled economic slump. Net income at each lender probably slid between 21 per cent and 28 per cent in the three months ended March 31 from a year earlier, according to the average estimates of six analysts surveyed by Bloomberg. DBS Group Holdings, the nation' s largest bank, is seen to report the steepest profit drop when it kicks off the earnings season today, while OCBC Bank is forecast to report the smallest contraction. The pain for Singapore' s lenders is set to persist as Singapore braces itself for a sharp economic contraction this year, thanks to the pandemic that is crippling manufacturing, tourism and other services. Banks are also contending with falling interest rates and slowing loan growth, and the crash in oil prices may trigger defaults among local firms that cater to the energy sector. " Banks always tend to do badly in the midst of an economic recession," said Ms Tan Min Lan, Asia-Pacific head of UBS Global Wealth Management' s chief investment office. The slumping economy will fuel bad loans, squeeze interest margins and slow credit growth, she said. OCBC and United Overseas Bank will report next week. The last time the trio all posted a profit retreat was in the final quarter of 2016, when many energy-related firms defaulted in the aftermath of an earlier oil slump. Analysts are predicting a sharp jump in credit costs due to the banks' exposure to the oil, gas and commodities sector and loans to small and mid-sized companies. The banks had combined exposure of US$680 million (S$962 million) to Hin Leong Trading, the Singapore oil trader that filed for court protection from creditors this month, as of April 9. It is not clear whether the local lenders will have provisioned against Hin Leong by the end of last month. DBS may have booked a loan-loss buffer of $640 million in the quarter, up from $76 million a year ago, according to Morgan Stanley analysts. They see OCBC' s provisions swelling 81 per cent to $451 million, and UOB' s more than tripling to $380 million. Jefferies analyst Krishna Guha expects the banks to book credit costs of 60 to 100 basis points and said guidance will be crucial to understanding the cost trajectory this year. Analysts expect single-digit declines in net interest margins this quarter, but said loans will be supported by larger companies drawing on commitment lines and banks providing short-term US dollar liquidity last month. Net interest margins probably shrank only slightly in the quarter because the United States Federal Reserve' s interest rate cut came late in the period, Citigroup analyst Robert Kong said in a note. The banks are expected to give guidance on this year' s dividends, with UBS Securities saying cuts are more likely for DBS and UOB than OCBC. OCBC has " more headroom" to maintain dividends given its higher capital levels and lower current payout ratio, Sanford C. Bernstein analyst Kevin Kwek wrote in a note. Analysts estimate dividend yield for all three banks to remain between 4 per cent and 7 per cent this year even after earnings decline, supported by Tier-1 capital ratios exceeding 14 per cent. https://www.straitstimes.com/business/banking/banks-set-to-report-first-profit-falls-since-2016 |
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rainbowman
Senior |
30-Apr-2020 10:05
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Ya, results better than expected, especially the dividends, thought they need conserve cash. Either economy still ok, or the worst will be reflected in 2nd quarter.
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FATABA
Supreme |
30-Apr-2020 10:00
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Full year 2019 dividend is 33c XD 12th May , Q1 dividend is another 33c Xd 12 May ( payout 26th May ) Total 66c All this u can check up SGX website . Good Luck
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Misty11
Member |
30-Apr-2020 09:42
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Hi FATABA, why dividend 66 cents? According to DBS announcement, it is 33 cents.
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Starship
Supreme |
30-Apr-2020 08:58
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cheongweevictor
Supreme |
30-Apr-2020 08:49
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i dont know,,but he did that for some 10 over year,, on a few blue.. i think he told me like close to 2k.monthly...anyway,, good way of saving.. better than put in bank,, got 6 % div.. and grow,,, the best wat to vest ,,,stress free no worry..
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FATABA
Supreme |
30-Apr-2020 08:44
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Actually Q1 result exceed expectation .....considering a provision of 700M wow. ( may not be use up fully) Dividend continue for Q1 ...so total 66c. ( DBS do hv sufficient to pay out ) Q2 is certainly of more concern Dyodd Happy investing.
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Siwomp
Supreme |
30-Apr-2020 08:36
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Q1 result is from Jan to Mar 2020? | ||||
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AhLiang
Elite |
30-Apr-2020 08:26
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Learn like your son Tom? Buy a few hundred dollars every month?
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cheongweevictor
Supreme |
30-Apr-2020 08:25
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surprise..all within expectation.. one word .....buy it
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pasttime
Supreme |
30-Apr-2020 07:43
Yells: "gold silver are real money. not others iou." |
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respectable 1q results. income pass 4b for quater. div 33 cents pay 26 may. so plus the pending 33cents, expected to be approved in today agm, 66 cents on the way. |
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AhLiang
Elite |
29-Apr-2020 19:43
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You sound like my Primary school teacher. He also liked hardworking student.
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cheongweevictor
Supreme |
29-Apr-2020 15:03
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wakaka,, uiop1223 and u are good investor,, u ask question n do homework.. i like this type people.
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sharenoob1984
Veteran |
29-Apr-2020 14:54
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of course la.... everyone loves a piece of the bank..... at the right price
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cheongweevictor
Supreme |
29-Apr-2020 14:53
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be assure lah,, actually not my job to comfort u..,, but this one is solid OK.. sleep well. u be glad u have this..
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cheongweevictor
Supreme |
29-Apr-2020 14:51
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let not do guess work and compare..let see fact tomorrow is best.. we cannot compare HSBC different geographical and BS and etc,, i think last oil crises,, way back ezion time,, all banks already well provide for those loan.. let see tommorow, but dont worry let ppl scare you, that DBS will bankrupt..come on lah..those guy IQ very low
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sharenoob1984
Veteran |
29-Apr-2020 14:45
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bro cheong, why you assume the provision is about hin leong only? Currently banks allow loanee to defer payments till end of the year. which means banks cannot see clearly which debts have gone bad. some already gone bad before the deferral was made in law. of course have to provide more tiobo? this is only for SG, DBS' s has a tonne of interests outside of SG, what about those loans? FYI, HSBC and barclays reported huge drop in profits due to bad debt prov.
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cheongweevictor
Supreme |
29-Apr-2020 14:43
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so if bad how??? i will buy more on dip.. why??? i am looking beyond all this.. i am long vested here since 10$
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cheongweevictor
Supreme |
29-Apr-2020 14:40
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i think the provision is related to hin leong trading,, but i think 600m over 3 big bank,, DBS shd not suffer greatly,,, pls look beyond this covid,, dont listen to poepl who put bad news here,, they are working for kopitima, and CNA. LOL.. if u listen them,, later after covid this one go 30$ again hor,,, u can join him at kopitiam,,
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