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3 BIG Spore banks ....:))
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Isolator
Supreme |
10-Feb-2021 16:20
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Short to enjoy... | ||||
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FATABA
Supreme |
10-Feb-2021 10:39
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LOL CEO words ...seem like LVB ( LV bag haha ) could be a good growth driver . $3B provision ....wow envy of many banks . &ldquo Our record operating performance in one of the most challenging periods on record attests to the quality of our franchise and nimble execution. Business momentum was sustained in the fourth quarter and our pipeline for loans and fee income is healthy,&rdquo says DBS CEO Piyush Gupta. &ldquo We have been proactive through the crisis and enter the year with new growth platforms. Lakshmi Vilas Bank in India and the securities joint venture in China will enhance our presence in both key markets," he says. " Initiatives such as the Digital Exchange, supply chain digitalisation and efforts to broaden wealth management to the mass market will reinforce our leadership in digital finance. These platforms will strengthen our ability to continue supporting customers and delivering shareholder returns,&rdquo he adds. |
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Isolator
Supreme |
10-Feb-2021 10:22
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Short to enjoy... | ||||
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Starship
Supreme |
10-Feb-2021 10:05
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FATABA
Supreme |
10-Feb-2021 08:56
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Continued to fortify our balance sheet despite improving macro conditions - Increased allowances by $577m, taking full year to $3.1bn - GP reserves in excess of regulatory requirements - Conservative stance on SP for existing NPA - LVB asset quality risks decisively dealt with Business Outlook ▪ Latest economic data support strong economic rebound for 2021 ▪ Strong January performance provides head start to year - Higher income yoy despite full impact of post-Covid NIM pressure - Treasury Markets income up significantly - Fee income up from high year-ago base from broad-based improvements - Strong loan and deposit growth momentum I am looking forward for DBS to return to $28 by this year DYODD |
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FATABA
Supreme |
10-Feb-2021 08:29
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DBS FULL-YEAR 2020 NET PROFIT AT SGD 4.72 BILLION, OPERATING PROFIT BEFORE ALLOWANCES AT RECORD DESPITE HEADWINDS FROM COVID-19 AND LOWER RATES * * * Fourth-quarter net profit at SGD 1.01 billion SINGAPORE, 10 February 2021 &ndash DBS Group reported net profit of SGD 4.72 billion for full-year 2020, 26% below the previous year&rsquo s record. Total allowances more than quadrupled to SGD 3.07 billion as general allowances of SGD 1.71 billion were conservatively set aside for potential risks arising from the pandemic. Profit before allowances rose 2% to a new high of SGD 8.43 billion. Total income was stable at SGD 14.6 billion despite the economic disruption caused by the pandemic. Net interest income fell 6% as a 27 basis point fall in net interest margin was partially offset by constant currency loan growth of 4%. Fee income was stable while other non-interest income rose 32% as gains from investment securities tripled. Expenses declined 2% to SGD 6.16 billion as costs were kept in check imho , this is a great set of result under pandemic situation ......Profit could be $2B a quarter if not for the allowances. CEO has put it as conservatively ....its SUPER conservative for such large allowances. Dividend maintained at 18c per qtr. I would be very surprise what this could be use for come end 2021 . DYODD Happy investing. |
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Isolator
Supreme |
09-Feb-2021 22:04
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Good luck for those who never sell... short to enjoy... | ||||
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Starship
Supreme |
09-Feb-2021 17:27
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FATABA
Supreme |
09-Feb-2021 17:10
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TMR will very interesting ......patiently awaiting . On closed ......large volume are auction for all 3 banks .....UOB and DBS are even push up well ( esp UOB ) Tell will tell ....SG should see a much better QnQ ....esp w equity growth, better loan then Q3, and large provision set last year. and wealth mgt fees Good luck all bank supporters. |
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Isolator
Supreme |
09-Feb-2021 10:29
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Tmr? More bloody.... short to enjoy... | ||||
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FATABA
Supreme |
09-Feb-2021 10:28
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No worries.....sure some profit taking from weak holders and traders ....TMR morning we shall see how DBS perform and the leader will advise its dividend ..... Good luck to all
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Starship
Supreme |
09-Feb-2021 10:05
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Isolator
Supreme |
08-Feb-2021 16:18
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Run for your life... lol | ||||
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john_ric
Supreme |
08-Feb-2021 16:08
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Can't short now but can take profit. | ||||
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Starship
Supreme |
08-Feb-2021 16:05
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害 人 终 害 己   
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zechariah22
Member |
08-Feb-2021 15:02
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feb will be a good month for the 3 banks.
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Isolator
Supreme |
08-Feb-2021 15:01
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Red Sea soon..... short... | ||||
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FATABA
Supreme |
08-Feb-2021 14:50
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Congratulations to all banks supporter ......BIG BIG rise DBS up 85c, UOB 40c and OCBC 13c ......HUAT HUAT HUAT
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Isolator
Supreme |
08-Feb-2021 14:44
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Short.... | ||||
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FATABA
Supreme |
08-Feb-2021 13:19
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Wow DBS on mad rush .....$2 more then UOB again . | ||||
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