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seanpent Supreme	08-Aug-2016 09:43        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	wondering which funds ..... sun233      ( Date: 08-Aug-2016 09:23) Posted: LOL Funds buying.... sun233      ( Date: 08-Aug-2016 09:22) Posted: Fuds buying :)
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WanSiTong Supreme	08-Aug-2016 09:42        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Edited.... Target price : $   18.90 Based on 1.12 x P/B, which is derived from the Gordon Growth Model (ROE : 9.3%, COE : 8.3%   (Beta 1.1x) and growth 0%)    WanSiTong      ( Date: 08-Aug-2016 09:38) Posted: UOBKayHian 6 days ago... Target price : $   18.90 Based on 1.12 x P/B, which is derived from the Gordon Growth Model (ROE : 9.3%, COE : 9.3%   (Beta 1.1x) and growth 0%) Esitmated profit for 2Q16 : $ 882M   WanSiTong      ( Date: 08-Aug-2016 08:37) Posted: I' m not a qualified analyst. It all depends on macroeconomics and market conditions.....
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surefire Member	08-Aug-2016 09:39        surefire About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont get me wrong. I am all in support of dbs - I've been long for sometime now! But just wanted to point out the little accounting trick they have employed for those not accounting-trained who were confused (incl the newspapers) FATABA      ( Date: 08-Aug-2016 09:20) Posted: surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing. surefire      ( Date: 08-Aug-2016 09:09) Posted: What dbs did was to use up $200mm of their general provision. hence they only charged an addition specific provision of $150mm. A bit of a fudge since it means they now have less general provision to cover other loans. But it achieved the objective of everyone focussing on 150 instead of 350
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WanSiTong Supreme	08-Aug-2016 09:38        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	UOBKayHian 6 days ago... Target price : $   18.90 Based on 1.12 x P/B, which is derived from the Gordon Growth Model (ROE : 9.3%, COE : 9.3%   (Beta 1.1x) and growth 0%) Esitmated profit for 2Q16 : $ 882M   WanSiTong      ( Date: 08-Aug-2016 08:37) Posted: 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 ?
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seanpent Supreme	08-Aug-2016 09:32        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Peace Moneyhunter      ( Date: 08-Aug-2016 09:27) Posted: The result is good. But what we worry is their exposure to O& G sector. Swiber is just the tip of the iceberg, there could be more coming. There will be a slight technical rebound up but next week DBS will continue to slide downward. Just my opinion Peace. seanpent      ( Date: 08-Aug-2016 09:23) Posted: yup ..... very pivotal that this quarter it added $1.05B profit  ..... :)
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Moneyhunter Member	08-Aug-2016 09:27        Moneyhunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	The result is good. But what we worry is their exposure to O& G sector. Swiber is just the tip of the iceberg, there could be more coming. There will be a slight technical rebound up but next week DBS will continue to slide downward. Just my opinion Peace. seanpent      ( Date: 08-Aug-2016 09:23) Posted: yup ..... very pivotal that this quarter it added $1.05B profit  ..... :) FATABA      ( Date: 08-Aug-2016 09:20) Posted: surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing.
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FATABA Supreme	08-Aug-2016 09:27        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Just before today ...doomsayers ....shout $13 for dbs....oil industry all closing ( all debt is w DBS) dividend is not coming ....etc. WHO WAS BUYING UP when our retail sell off..... Now its back above $15 and confirm dividend maintain at 0.30 .....Believe in DBS is one of the best local banks. Well managed....just like OCBC>     ​ Very happy investing.  Happy National Day.     seanpent      ( Date: 08-Aug-2016 09:23) Posted: yup ..... very pivotal that this quarter it added $1.05B profit  ..... :) FATABA      ( Date: 08-Aug-2016 09:20) Posted: surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing.
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seanpent Supreme	08-Aug-2016 09:26        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	PE of 10 for such strong balance sheet is not demanding at all, isn' t it ? 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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sun233 Elite	08-Aug-2016 09:23        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL Funds buying.... sun233      ( Date: 08-Aug-2016 09:22) Posted: Fuds buying :)
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seanpent Supreme	08-Aug-2016 09:23        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	yup ..... very pivotal that this quarter it added $1.05B profit  ..... :) FATABA      ( Date: 08-Aug-2016 09:20) Posted: surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing. surefire      ( Date: 08-Aug-2016 09:09) Posted: What dbs did was to use up $200mm of their general provision. hence they only charged an addition specific provision of $150mm. A bit of a fudge since it means they now have less general provision to cover other loans. But it achieved the objective of everyone focussing on 150 instead of 350
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sun233 Elite	08-Aug-2016 09:22        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fuds buying :)
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Goldfinger Supreme	08-Aug-2016 09:21        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please look at the STI this morning - not a dream. SeePehJiaLat      ( Date: 08-Aug-2016 08:34) Posted: Dreaming? Goldfinger      ( Date: 08-Aug-2016 08:28) Posted: This has the potential to push up all STI components even
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FATABA Supreme	08-Aug-2016 09:20        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	surefire...u are correct.& accurate...BUT general provision was $650M so really taking 200 out is what it meant for.. ​ MOST important...this qtr it add $1.05B  ( not m ) profit ....in such climate, do you think that MOddy is talking sense ? Anyway what I am trying to point out is that DBS is still having a strong set of resuts many banks would welcome. Below $15 is definately too cheap ( review its book value and ROI) ....Happy investing. surefire      ( Date: 08-Aug-2016 09:09) Posted: What dbs did was to use up $200mm of their general provision. hence they only charged an addition specific provision of $150mm. A bit of a fudge since it means they now have less general provision to cover other loans. But it achieved the objective of everyone focussing on 150 instead of 350! Moneyhunter      ( Date: 08-Aug-2016 08:59) Posted: Net profit fell 6% from a year ago to $1.05 billion due to a net allowance charge of $150 million for Swiber group. Total income increased 8% to a new high of $2.92 billion, exceeding cost growth of 6%. Business momentum picked up during the quarter as loans rose 4% over the three months while net fee income climbed to a record. The cost-income ratio improved to 44% as cost growth continued to decelerate. Profit before allowances rose 10% to $1.63 billion. Compared to the previous quarter, net profit was 13% lower. While total income and profit before allowances were higher, the impact was offset by the net allowance charge for Swiber.   The provison for Swiber group is only 150m? Shouldnt it be 350m?  Total exposure to Swiber is around 700m right?
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investshare Supreme	08-Aug-2016 09:18        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	As mentioned, without tackling bad debt concern directly, it will continue to linger and drag share price. Anyway, I think share price is quite fair now with almost $5b price in. Vested some more. 05/08 $14.86 08/08 $14.91 investshare      ( Date: 08-Aug-2016 08:32) Posted: 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.
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WanSiTong Supreme	08-Aug-2016 09:15        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	DBS announced a total exposure of $ 700m to the Swiber group comprising loans, bonds, and off-balance sheet items. DBS expects to recover half of this sum as the exposure is partly secured. DBS stated that it will provide fully for the anticipated shortfall, and that it will use surplus general allowances and the net allowance charge will be lower at about $ 150m.   Moneyhunter      ( Date: 08-Aug-2016 08:59) Posted: Net profit fell 6% from a year ago to $1.05 billion due to a net allowance charge of $150 million for Swiber group. Total income increased 8% to a new high of $2.92 billion, exceeding cost growth of 6%. Business momentum picked up during the quarter as loans rose 4% over the three months while net fee income climbed to a record. The cost-income ratio improved to 44% as cost growth continued to decelerate. Profit before allowances rose 10% to $1.63 billion. Compared to the previous quarter, net profit was 13% lower. While total income and profit before allowances were higher, the impact was offset by the net allowance charge for Swiber.   The provison for Swiber group is only 150m? Shouldnt it be 350m?  Total exposure to Swiber is around 700m right?
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surefire Member	08-Aug-2016 09:09        surefire About Contact  Quote this Post!
x 0   x 0  Alert Admin	What dbs did was to use up $200mm of their general provision. hence they only charged an addition specific provision of $150mm. A bit of a fudge since it means they now have less general provision to cover other loans. But it achieved the objective of everyone focussing on 150 instead of 350! Moneyhunter      ( Date: 08-Aug-2016 08:59) Posted: Net profit fell 6% from a year ago to $1.05 billion due to a net allowance charge of $150 million for Swiber group. Total income increased 8% to a new high of $2.92 billion, exceeding cost growth of 6%. Business momentum picked up during the quarter as loans rose 4% over the three months while net fee income climbed to a record. The cost-income ratio improved to 44% as cost growth continued to decelerate. Profit before allowances rose 10% to $1.63 billion. Compared to the previous quarter, net profit was 13% lower. While total income and profit before allowances were higher, the impact was offset by the net allowance charge for Swiber.   The provison for Swiber group is only 150m? Shouldnt it be 350m?  Total exposure to Swiber is around 700m right?
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Moneyhunter Member	08-Aug-2016 08:59        Moneyhunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Net profit fell 6% from a year ago to $1.05 billion due to a net allowance charge of $150 million for Swiber group. Total income increased 8% to a new high of $2.92 billion, exceeding cost growth of 6%. Business momentum picked up during the quarter as loans rose 4% over the three months while net fee income climbed to a record. The cost-income ratio improved to 44% as cost growth continued to decelerate. Profit before allowances rose 10% to $1.63 billion. Compared to the previous quarter, net profit was 13% lower. While total income and profit before allowances were higher, the impact was offset by the net allowance charge for Swiber.   The provison for Swiber group is only 150m? Shouldnt it be 350m?  Total exposure to Swiber is around 700m right?
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FATABA Supreme	08-Aug-2016 08:57        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This counter is still SOLID as gold. ​ Exceed my $1B profit ...even INCLUDING $150 swiber lost.  Well done in such business climate. OH MOODY can do it or remain moody. 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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famouspinky Supreme	08-Aug-2016 08:51        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont think about it. 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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acetron Member	08-Aug-2016 08:49        acetron About Contact  Quote this Post!
x 0   x 0  Alert Admin	up up and the way....
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