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3 BIG Spore banks ....:)) Post Reply Rate topic
Starship Supreme	10-Nov-2020 10:41        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	He doesn' t have to go to Courts to create havov. Bloomberh tv just now reported Trump has imposed more sanctions on HK again overnight. uiop1223      ( Date: 10-Nov-2020 10:36) Posted: He cant. The judges throw his lawsuits out. The risk event is his armed supporters go into riot Starship      ( Date: 10-Nov-2020 10:18) Posted: Unless Trump decides to create havoc again  just to spite Biden
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uiop1223 Supreme	10-Nov-2020 10:36        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	He cant. The judges throw his lawsuits out. The risk event is his armed supporters go into riot Starship      ( Date: 10-Nov-2020 10:18) Posted: Unless Trump decides to create havoc again  just to spite Biden. FATABA      ( Date: 10-Nov-2020 10:03) Posted: STI might push to 2700  ...and then a bull run for Christas into 2021.  LEad by out DBS wow  UOB n OCBC is catching up a little slow . ( OCBC has much potential for $10 this year)  Happy investing.
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FATABA Supreme	10-Nov-2020 10:32        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	He and some supporter are spreading a lot of FAKE n scam news ...even on FB  IN USA, Senate n House are major controlling ....even some GOP senate are alrdy admitting Biden win  Just wait and be patient .....globally alrdy many countires ( including SPore) has congratulate Biden. Trump will exit / its just the timing . American democracy cant allow him to stay LOL  Our banks will march on  Starship      ( Date: 10-Nov-2020 10:18) Posted: Unless Trump decides to create havoc again  just to spite Biden. FATABA      ( Date: 10-Nov-2020 10:03) Posted: STI might push to 2700  ...and then a bull run for Christas into 2021.  LEad by out DBS wow  UOB n OCBC is catching up a little slow . ( OCBC has much potential for $10 this year)  Happy investing.
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tongphlp Supreme	10-Nov-2020 10:21        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	It' s anybody' s guess..
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Starship Supreme	10-Nov-2020 10:18        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unless Trump decides to create havoc again  just to spite Biden. FATABA      ( Date: 10-Nov-2020 10:03) Posted: STI might push to 2700  ...and then a bull run for Christas into 2021.  LEad by out DBS wow  UOB n OCBC is catching up a little slow . ( OCBC has much potential for $10 this year)  Happy investing.
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tongphlp Supreme	10-Nov-2020 10:06        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	BANK on it!
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FATABA Supreme	10-Nov-2020 10:03        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	STI might push to 2700  ...and then a bull run for Christas into 2021.  LEad by out DBS wow  UOB n OCBC is catching up a little slow . ( OCBC has much potential for $10 this year)  Happy investing.
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tongphlp Supreme	09-Nov-2020 10:09        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hats off 2 Piyush!
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FATABA Supreme	09-Nov-2020 09:43        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yes this gap is widen since the C19 ... It somehow show the management w a TOP talent in DBS and against a father /son type mgt.  Truely DBS ( and OCBC)  has grow very well into wealth mgt in the past few years ( look at bank of China /OCBC AUM growth )  DBS n OCBC are also very strong in China now.  recovery will see ALL 3 banks coming back strongly .    UOB might narrow this gap then  Dyodd Vested  ReallyNTBD      ( Date: 09-Nov-2020 09:36) Posted: Wow, difference between UOB & DBS is like $2.3 now. Amazing considering that UOB was ahead of DBS post covid by like $1.5. I think the years of poor management and direction has finally come to light. FATABA      ( Date: 09-Nov-2020 09:14) Posted: DBS see 23 ......will UOB catch up ? ....as posted our BANKS will move up  Biden win is very postive for trades.  Dyodd
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St.Maximus Supreme	09-Nov-2020 09:37        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'd still bet on DBS
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ReallyNTBD Member	09-Nov-2020 09:36        ReallyNTBD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, difference between UOB & DBS is like $2.3 now. Amazing considering that UOB was ahead of DBS post covid by like $1.5. I think the years of poor management and direction has finally come to light. FATABA      ( Date: 09-Nov-2020 09:14) Posted: DBS see 23 ......will UOB catch up ? ....as posted our BANKS will move up  Biden win is very postive for trades.  Dyodd
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FATABA Supreme	09-Nov-2020 09:35        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Biden win is very positive for Global trade .....esp for place like Singapore which depends on Trade  1. USA CHINA relationship cant be worst then now ( w Trumpet) ....as long as China play by Global rule n order.  2. PTT and Paris envir agreement is in good review .  Biden has committed to clean energy .( again an area which Spore is very prepared for )  3. USA EU relationship will be back to normal .....( cant be worst then w Trumpet)  4. By Jan ( if Biden fully control house n Senate ) ...expect a budget simulus out for the market ...w his immediate task on C!) control      ( vaccine in 2021 very possible now )  UOB and OCBC are both still trading below its book value ( approx 0.85x)  Both DBS and OCBC has demonstrate there weath mgt income is growing strongly ......and more can be expected in Q4.  Q4 result come w dividend for all 3 banks .  Dyodd  Happy investing.
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Starship Supreme	09-Nov-2020 09:30        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin
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FATABA Supreme	09-Nov-2020 09:14        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	DBS see 23 ......will UOB catch up ? ....as posted our BANKS will move up  Biden win is very postive for trades.  Dyodd
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FATABA Supreme	06-Nov-2020 08:54        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In a report, Krishna Guha, equity analyst at Jefferies, said: " DBS seems to have better visibility on 2021 growth OCBC is focused on driving long-term sustainable value, while UOB is more sanguine on asset quality." In Q3, fee-related income hit record levels for DBS and OCBC. At OCBC, wealth income of S$938 million in the quarter was its highest since 2018. Its wealth management and brokerage fees were above 2019 levels. Customer inflows that made up treasury income also hit a new high in Q3. As for DBS, net fee income of S$913 million rebounded 17 per cent over the quarter to pre-Covid levels, reaching its third-highest level on record. This was led by wealth management and card fees. Fee income at UOB rose 15 per cent quarter on quarter, as wealth management and credit card fees rebounded. This also helped to offset the decline in trading income. All three lenders continued to plump provisions to cushion against bad loans for the uneven economic recovery next year they kept or slightly lowered the cumulative credit cost guidance till 2021. Look at the strong fee income ....this will not stop in Q4 , in fact w USA election over n Phase opening ....more investment shld be coming forward ....Q4 result comes w OCBC n UOB dividend ...while current qtr only DBS offer a dividend ( quarterly dividend sys) .    Happy investing.
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FATABA Supreme	05-Nov-2020 16:42        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Europe all green .....Future green .... a Biden win will push mkt up more  LOOK at the volume of all 3 banks .....DBS 9m , OCBC 12m UOB 7m  Cant be u and me buying only ......funds are coming in .....?  I call this a recovery run and as I have say ...Singapore is very lucky to be fully prepared for a great recovery ....thanks  when a vaccine is ready in next 3/6mths ....more will come  DYODD  Vested  Happy investing.
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FATABA Supreme	05-Nov-2020 16:07        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Who can time the market so well ?  A trader make it ....if not wrong by any record is one in ten .  For longer term investor .....I think our local banks will be good to them for the past decade/s . LOL  St.Maximus      ( Date: 05-Nov-2020 15:13) Posted: Yes, thanx FATABA for your summary here. The results do look good and better than expected. For a 3-6 year time frame, it is good to buy. However, those who hold can expect to suffer up to 33% losses in any one bear year, or enjoy up to 50% gains in any bull year.  FATABA      ( Date: 05-Nov-2020 14:23) Posted: DBS Group Holdings has reported net profit of $1.30 billion for 3QFY2020, up 4% q-o-q, as business momentum recovers. For 9MFY2020, the bank registered earnings of $3.71 billion, which is 24% lower than the $4.88 billion reported a year ago, owing to the higher allowances. Total allowances of $554 million were taken during the quarter. Together with the $1.94 billion set aside in 1HFY2020, total allowances for the nine months quadrupled from a year ago to $2.49 billion.  For 3QFY2020, the Board has declared an interim one-tier tax-exempt dividend of 18 cents for each ordinary share, to which the DBSH Scrip Dividend Scheme will be applied. DBS will take the average of its closing prices on Nov 12 and 13 as the issue price for new shares to be allotted. The estimated dividend payable is $457 million. Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.03 billion for the 3QFY2020 ended September, some 12% lower than the $1.17 billion a year ago, largely driven by larger allowances. The results surpassed expectations of analysts&rsquo estimates compiled by Bloomberg, which stood at $787 million. Q-o-q, 3QFY2020 net profit was up some 41% from the $730 million posted previously. Earnings for the 9MFY2020 stood at $2.46 billion, down 32% from the $3.63 billion reported in the same period the year before. Net interest income for the 3QFY2020 fell 11% y-o-y and 4% q-o-q to $1.42 billion as the group&rsquo s net interest margin (NIM) fell 23 basis points y-o-y amid a sustained low interest rate environment. The quarterly dip was a result of lower market rates, driven by a contraction of 6 basis points in NIM. Non-interest income rose 6% y-o-y led by higher income trading profit but fell 2% q-o-q to $1.12 billion on a 21% q-o-q decline in trading income. Net fee income for the quarter was up 13.9% q-o-q to $501 million from broad-based fee growth, which benefitted from a pick-up in customer activities following the phased re-opening of the economy. The growth was mainly driven by growth in wealth management and brokerage fees, which went above 2019 levels. Y-o-y, net fee income was down 8.9% from the $550 million reported in 3QFY2019. 3QFY2020 trading income came in at $255 million, down 21% q-o-q mainly due to a decline from treasury income and lower mark-to-market gains in its insurance subsidiary Great Eastern Holdings&rsquo (GEH) investment portfolio.
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St.Maximus Supreme	05-Nov-2020 15:13        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, thanx FATABA for your summary here. The results do look good and better than expected. For a 3-6 year time frame, it is good to buy. However, those who hold can expect to suffer up to 33% losses in any one bear year, or enjoy up to 50% gains in any bull year.  FATABA      ( Date: 05-Nov-2020 14:23) Posted: DBS Group Holdings has reported net profit of $1.30 billion for 3QFY2020, up 4% q-o-q, as business momentum recovers. For 9MFY2020, the bank registered earnings of $3.71 billion, which is 24% lower than the $4.88 billion reported a year ago, owing to the higher allowances. Total allowances of $554 million were taken during the quarter. Together with the $1.94 billion set aside in 1HFY2020, total allowances for the nine months quadrupled from a year ago to $2.49 billion.  For 3QFY2020, the Board has declared an interim one-tier tax-exempt dividend of 18 cents for each ordinary share, to which the DBSH Scrip Dividend Scheme will be applied. DBS will take the average of its closing prices on Nov 12 and 13 as the issue price for new shares to be allotted. The estimated dividend payable is $457 million. Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.03 billion for the 3QFY2020 ended September, some 12% lower than the $1.17 billion a year ago, largely driven by larger allowances. The results surpassed expectations of analysts&rsquo estimates compiled by Bloomberg, which stood at $787 million. Q-o-q, 3QFY2020 net profit was up some 41% from the $730 million posted previously. Earnings for the 9MFY2020 stood at $2.46 billion, down 32% from the $3.63 billion reported in the same period the year before. Net interest income for the 3QFY2020 fell 11% y-o-y and 4% q-o-q to $1.42 billion as the group&rsquo s net interest margin (NIM) fell 23 basis points y-o-y amid a sustained low interest rate environment. The quarterly dip was a result of lower market rates, driven by a contraction of 6 basis points in NIM. Non-interest income rose 6% y-o-y led by higher income trading profit but fell 2% q-o-q to $1.12 billion on a 21% q-o-q decline in trading income. Net fee income for the quarter was up 13.9% q-o-q to $501 million from broad-based fee growth, which benefitted from a pick-up in customer activities following the phased re-opening of the economy. The growth was mainly driven by growth in wealth management and brokerage fees, which went above 2019 levels. Y-o-y, net fee income was down 8.9% from the $550 million reported in 3QFY2019. 3QFY2020 trading income came in at $255 million, down 21% q-o-q mainly due to a decline from treasury income and lower mark-to-market gains in its insurance subsidiary Great Eastern Holdings&rsquo (GEH) investment portfolio.
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FATABA Supreme	05-Nov-2020 14:23        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	DBS Group Holdings has reported net profit of $1.30 billion for 3QFY2020, up 4% q-o-q, as business momentum recovers. For 9MFY2020, the bank registered earnings of $3.71 billion, which is 24% lower than the $4.88 billion reported a year ago, owing to the higher allowances. Total allowances of $554 million were taken during the quarter. Together with the $1.94 billion set aside in 1HFY2020, total allowances for the nine months quadrupled from a year ago to $2.49 billion.  For 3QFY2020, the Board has declared an interim one-tier tax-exempt dividend of 18 cents for each ordinary share, to which the DBSH Scrip Dividend Scheme will be applied. DBS will take the average of its closing prices on Nov 12 and 13 as the issue price for new shares to be allotted. The estimated dividend payable is $457 million. Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.03 billion for the 3QFY2020 ended September, some 12% lower than the $1.17 billion a year ago, largely driven by larger allowances. The results surpassed expectations of analysts&rsquo estimates compiled by Bloomberg, which stood at $787 million. Q-o-q, 3QFY2020 net profit was up some 41% from the $730 million posted previously. Earnings for the 9MFY2020 stood at $2.46 billion, down 32% from the $3.63 billion reported in the same period the year before. Net interest income for the 3QFY2020 fell 11% y-o-y and 4% q-o-q to $1.42 billion as the group&rsquo s net interest margin (NIM) fell 23 basis points y-o-y amid a sustained low interest rate environment. The quarterly dip was a result of lower market rates, driven by a contraction of 6 basis points in NIM. Non-interest income rose 6% y-o-y led by higher income trading profit but fell 2% q-o-q to $1.12 billion on a 21% q-o-q decline in trading income. Net fee income for the quarter was up 13.9% q-o-q to $501 million from broad-based fee growth, which benefitted from a pick-up in customer activities following the phased re-opening of the economy. The growth was mainly driven by growth in wealth management and brokerage fees, which went above 2019 levels. Y-o-y, net fee income was down 8.9% from the $550 million reported in 3QFY2019. 3QFY2020 trading income came in at $255 million, down 21% q-o-q mainly due to a decline from treasury income and lower mark-to-market gains in its insurance subsidiary Great Eastern Holdings&rsquo (GEH) investment portfolio.
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FATABA Supreme	05-Nov-2020 11:16        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The important point is we are buying for the coming future .....3/6 mths or more  ( not refering to trade)  Biden official win is NOT even out yet .....global market has alrdy react a little to it today ....HK up 500+, STI 50+  ( hv not seen this for a long time)  Japn up 200+ ......Spore and HK are first few economy which will benefit from a globalise trading world ......we depend on TRADE.  W Biden Democrate ....this is at least half back .....the other is the vaccine ...which we shld see in the next 3/6 mths I hope . Our banks are the first to lead if a recovery is back .....further we have a Phase3 coming up  DYODD Happy investing .
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