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seanpent Supreme	08-Aug-2016 08:48        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	well said Qanghoo      ( Date: 08-Aug-2016 08:40) Posted: I think DBS is one reason for the STI to have been artificially compressed to its current level.  Such a shame that DJ continues on record highs n the mkt here seeming regressing without reversal in sight.  How are the top SGX management planning to " undo in injustice" , I wander.  seanpent      ( Date: 08-Aug-2016 08:34) Posted: DBS is one of the leading component ..... hopefully will unleash a powerful energy .....
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famouspinky Supreme	08-Aug-2016 08:47        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	There's a diff between realistic and idealistic. Have a happy national day every one! Nice view frm your pantry too. famouspinky      ( Date: 08-Aug-2016 08:41) Posted: Joke of the century. My kopi nearly fly out now. seanpent      ( Date: 08-Aug-2016 08:38) Posted: wa  bro ..... your guestimate very detail too .....       hopefully market will seriously view  your  TP > 20
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CraigFoo Elite	08-Aug-2016 08:46        CraigFoo About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	This a stock forum.. Please refrain from posting irrelevant things like your kopi flying out.. Quoting from famous pinky earlier posts. famouspinky      ( Date: 08-Aug-2016 08:41) Posted: Joke of the century. My kopi nearly fly out now. seanpent      ( Date: 08-Aug-2016 08:38) Posted: wa  bro ..... your guestimate very detail too .....       hopefully market will seriously view  your  TP > 20
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famouspinky Supreme	08-Aug-2016 08:41        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Joke of the century. My kopi nearly fly out now. seanpent      ( Date: 08-Aug-2016 08:38) Posted: wa  bro ..... your guestimate very detail too .....       hopefully market will seriously view  your  TP > 20 Qanghoo      ( Date: 08-Aug-2016 08:34) Posted: Brother, if not for the Swiber provision (which I actually thought shd have been provided under 3Q16 instead), earnings wld have been nearer 1.2 bil, n 2016 earnings cld, according to my own guestimate, have been, or at least get very close to, 5 bil.  That wld give EPS of close of 2/share, or PE of abt 10 at 20SGD.  So, personally, I' d stick my neck out for a tp > 20.  But then again, don' t know what the creative bunch in the media industry n the like wld come up with.  So, I wldn' t rush in to buy with exuberence .....
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Qanghoo Supreme	08-Aug-2016 08:40        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think DBS is one reason for the STI to have been artificially compressed to its current level.  Such a shame that DJ continues on record highs n the mkt here seeming regressing without reversal in sight.  How are the top SGX management planning to " undo in injustice" , I wander.  seanpent      ( Date: 08-Aug-2016 08:34) Posted: DBS is one of the leading component ..... hopefully will unleash a powerful energy ..... Goldfinger      ( Date: 08-Aug-2016 08:28) Posted: This has the potential to push up all STI components even
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seanpent Supreme	08-Aug-2016 08:38        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	wa  bro ..... your guestimate very detail too .....       hopefully market will seriously view  your  TP > 20 Qanghoo      ( Date: 08-Aug-2016 08:34) Posted: Brother, if not for the Swiber provision (which I actually thought shd have been provided under 3Q16 instead), earnings wld have been nearer 1.2 bil, n 2016 earnings cld, according to my own guestimate, have been, or at least get very close to, 5 bil.  That wld give EPS of close of 2/share, or PE of abt 10 at 20SGD.  So, personally, I' d stick my neck out for a tp > 20.  But then again, don' t know what the creative bunch in the media industry n the like wld come up with.  So, I wldn' t rush in to buy with exuberence ..... seanpent      ( Date: 08-Aug-2016 08:24) Posted: superb info, bro ..... noted the Strong Balance Sheet ..... do you think DBS should be re-rated to $20 ?
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WanSiTong Supreme	08-Aug-2016 08:37        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I' m not a qualified analyst. It all depends on macroeconomics and market conditions.....     seanpent      ( Date: 08-Aug-2016 08:24) Posted: superb info, bro ..... noted the Strong Balance Sheet ..... do you think DBS should be re-rated to $20 ? 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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seanpent Supreme	08-Aug-2016 08:34        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS is one of the leading component ..... hopefully will unleash a powerful energy ..... Goldfinger      ( Date: 08-Aug-2016 08:28) Posted: This has the potential to push up all STI components even? seanpent      ( Date: 08-Aug-2016 08:20) Posted: a big gap up?
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Qanghoo Supreme	08-Aug-2016 08:34        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brother, if not for the Swiber provision (which I actually thought shd have been provided under 3Q16 instead), earnings wld have been nearer 1.2 bil, n 2016 earnings cld, according to my own guestimate, have been, or at least get very close to, 5 bil.  That wld give EPS of close of 2/share, or PE of abt 10 at 20SGD.  So, personally, I' d stick my neck out for a tp > 20.  But then again, don' t know what the creative bunch in the media industry n the like wld come up with.  So, I wldn' t rush in to buy with exuberence ..... seanpent      ( Date: 08-Aug-2016 08:24) Posted: superb info, bro ..... noted the Strong Balance Sheet ..... do you think DBS should be re-rated to $20 ? 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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SeePehJiaLat Senior	08-Aug-2016 08:34        SeePehJiaLat About Contact  Quote this Post! Style: Technical   Mood: Yells: "Can or not?"
x 0   x 0  Alert Admin	Dreaming? Goldfinger      ( Date: 08-Aug-2016 08:28) Posted: This has the potential to push up all STI components even? seanpent      ( Date: 08-Aug-2016 08:20) Posted: a big gap up?
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investshare Supreme	08-Aug-2016 08:32        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	The dividend will provide support and drive to share price. But DBS does not turn more aggressive on bad debt treatment. One thing I am surprised is that they don't even top up the $250m general allowance. In any case, as mention before, the price now is pretty fair. Vested at $14.86. WanSiTong      ( Date: 08-Aug-2016 08:00) Posted: DBS' s net profit of S $ 1.05 billion * in the three months ended June, this is line with an average forecast of S $ 1.051 billion from six analysts polled by Reuters. The poll was taken before DBS disclosed its S $ 700 million exposure to troubled oilfield services firm Swiber Holdings Ltd. * The results included a net allowance charge of SGD 150 million for DBS ' exposure to the Swiber group after drawing SGD 250 million from general allowance reserves.   WanSiTong      ( Date: 08-Aug-2016 07:16) Posted: News Release DBS FIRST-HALF EARNINGS AT SGD 2.25 BILLION * * * Second-quarter earnings at SGD 1.05 billion SINGAPORE, 8 August 2016 - DBS Group achieved net profit of SGD 2.25  billion for first half 2016. Excluding one-time items a year ago, net profit was slightly  higher and a record. Total income increased 6% to a new high of SGD 5.78 billion. This was achieved through diversified growth, with net interest margin at a six-year high and record fee income. The results included a net allowance charge of SGD 150 million for DBS ' exposure to the Swiber group after drawing SGD 250 million from general allowance reserves. Cumulative general allowance reserves continued to be high at SGD 2.95 billion. Second-quarter net profit was SGD 1.05 billion, which was 6% lower compared  to a year ago due to the net allowance charge. Total income rose 8% to a new quarterly high of SGD 2.92 billion as business momentum picked up during the quarter. Loans expanded 4% over the quarter led by corporate loans and market share gains in singapore housing loans. Fee income climbed to a quarterly record. The cost-income ratio improved to 44% as cost growth decelerated. Profit before allowances increased 10% to SGD 1.63 billion. Total allowances for the half year rose 69% to SGD 536 million. The strong profit  before allowances for the quarter and the half year provided a substantial cushion for  absorbing the additional net allowances. While the non-performing loan rate rose to  1.1%, allowance coverage continued to be sound at 113% and at 226% if collateral was considered. Return on equity was 11.0% for the first half. The performance underscored the  earnings resilience of the DBS franchise as it continued to capture opportunities across multiple business lines and generate healthy profit even in challenging operating conditions. Read more ... . . Balance sheet remains healthy Asset quality remained sound. While the non-performing rate rose to 1.1%,  allowance coverage was comfortable at 113% and at 226% if collateral was considered. The average liquidity coverage ratio for the second quarter was 116%,  comfortably above the final regulatory requirement of 100% due in 2019. The net stable funding ratio was also above regulatory requirements due in 2018. Capital was also healthy with the Common Equity Tier-1 ratio at 14.2%. The  leverage ratio was at 7.7%, more than twice the minimum of 3% currently envisaged by the Basel Committee. The Board declared a first-half dividend of 30 cents per share, unchanged from a  year ago. The scrip dividend scheme will be applicable to the dividend. Scrip dividends will be issued at the average of the closing prices on each of 15, 16 and 17 August 2016. DBS CEO Piyush Gupta said, " We achieved two consecutive quarters of record  total income despite a challenging operating environment in the first half. The strong  income growth in the second quarter enabled profit before allowances to grow 10%.  Despite an unexpected significant allowance charge, first-half earnings were at a record. The performance demonstrates our ability to consistently capture opportunities across our businesses and effectively manage costs. While there remains some uncertainty in the second half, our business momentum is good and our balance sheet healthy. We are well prepared to meet the challenges ahead. "
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Goldfinger Supreme	08-Aug-2016 08:31        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe there are many all cashed up chicken littles with zero equity positions who are just talking down STI components just so they can jump onto the boat for fear of being left out. To these people with lack of courage and foresight - TOO BAD :) Goldfinger      ( Date: 08-Aug-2016 08:28) Posted: This has the potential to push up all STI components even? seanpent      ( Date: 08-Aug-2016 08:20) Posted: a big gap up?
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sun233 Elite	08-Aug-2016 08:29        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes but today China numbers will be key. Goldfinger      ( Date: 08-Aug-2016 08:28) Posted: This has the potential to push up all STI components even? seanpent      ( Date: 08-Aug-2016 08:20) Posted: a big gap up?
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sun233 Elite	08-Aug-2016 08:28        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No Warren Buffet here. Warren Buffet did just that when they downgraded Berkshire and after that they never dared say anything about Berkshire, even till today. When Warren sold their shares they did not recover for so long. seanpent      ( Date: 08-Aug-2016 08:22) Posted: long overdue la hor, bro ?  if Moody is public-listed, then may be investors can sell Moody, and buy DBS ..... Just4win      ( Date: 07-Aug-2016 20:11) Posted: Lol... This is Long overdue..
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Goldfinger Supreme	08-Aug-2016 08:28        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	This has the potential to push up all STI components even? seanpent      ( Date: 08-Aug-2016 08:20) Posted: a big gap up? Goldfinger      ( Date: 08-Aug-2016 08:14) Posted: Shortists will be burnt up - like poof
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sun233 Elite	08-Aug-2016 08:26        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aiyah they put tails between their legs and chao already. They will resurface next earnings announcements. Qanghoo      ( Date: 08-Aug-2016 08:04) Posted: So, all the doomsday exponents please challenge these figures with solid evidence otherwise, n provide a realistic timeline for the demise of DBS.  Oh, n those taliking abt adequacy of reserves, increase of reserve ratios, etc do take note too .... WanSiTong      ( Date: 08-Aug-2016 08:00) Posted: DBS' s net profit of S $ 1.05 billion * in the three months ended June, this is line with an average forecast of S $ 1.051 billion from six analysts polled by Reuters. The poll was taken before DBS disclosed its S $ 700 million exposure to troubled oilfield services firm Swiber Holdings Ltd. * The results included a net allowance charge of SGD 150 million for DBS ' exposure to the Swiber group after drawing SGD 250 million from general allowance reserves.
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seanpent Supreme	08-Aug-2016 08:24        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	superb info, bro ..... noted the Strong Balance Sheet ..... do you think DBS should be re-rated to $20 ? 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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seanpent Supreme	08-Aug-2016 08:22        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	long overdue la hor, bro ?  if Moody is public-listed, then may be investors can sell Moody, and buy DBS ..... Just4win      ( Date: 07-Aug-2016 20:11) Posted: Lol... This is Long overdue.. seanpent      ( Date: 07-Aug-2016 19:56) Posted: time to downgrade Moody themselves instead ?
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seanpent Supreme	08-Aug-2016 08:20        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	a big gap up? Goldfinger      ( Date: 08-Aug-2016 08:14) Posted: Shortists will be burnt up - like poof! Qanghoo      ( Date: 08-Aug-2016 08:04) Posted: So, all the doomsday exponents please challenge these figures with solid evidence otherwise, n provide a realistic timeline for the demise of DBS.  Oh, n those taliking abt adequacy of reserves, increase of reserve ratios, etc do take note too ....
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Goldfinger Supreme	08-Aug-2016 08:14        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shortists will be burnt up - like poof! Qanghoo      ( Date: 08-Aug-2016 08:04) Posted: So, all the doomsday exponents please challenge these figures with solid evidence otherwise, n provide a realistic timeline for the demise of DBS.  Oh, n those taliking abt adequacy of reserves, increase of reserve ratios, etc do take note too .... WanSiTong      ( Date: 08-Aug-2016 08:00) Posted: DBS' s net profit of S $ 1.05 billion * in the three months ended June, this is line with an average forecast of S $ 1.051 billion from six analysts polled by Reuters. The poll was taken before DBS disclosed its S $ 700 million exposure to troubled oilfield services firm Swiber Holdings Ltd. * The results included a net allowance charge of SGD 150 million for DBS ' exposure to the Swiber group after drawing SGD 250 million from general allowance reserves.
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