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3 BIG Spore banks ....:))
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Goldfinger
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28-Jan-2021 20:18
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This is macham like a " Sorry, I was so wrong" article. As if we believed in the first place, haiz. | ||||
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Starship
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28-Jan-2021 20:03
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Broker' s take: Maybank KE positive on Singapore, Thai banks THU, JAN 28, 2021 - 3:30 PM MAYBANK Kim Eng (MKE) has upgraded its sector outlook on Singapore banks to " positive" , while maintaining its recommendations on Thailand and Indonesia banks to " positive" and " neutral" respectively. In a research note on Singapore banks, the brokerage noted that its " negative" call in November has not worked, given " strong market liquidity and expectations for more stimulus" . " This momentum is likely to continue, buoyed by continued economic relaxing, targeted support for the vulnerable sectors and higher non-interest income due to market volatility," wrote analyst Thilan Wickramasinghe. In addition, China' s forecast-beating Q4 expansion, strong rebounds in US banking results and a steepening yield curve offer positive read-throughs for Singapore banks, MKE said. It added that stronger gross domestic product growth expectations regionally should support a rebound in loan growth momentum, and forecasts loans to expand 7 per cent year on year in 2021. Low policy rates could also support further fee income growth, particularly in wealth and fund management, while volatility may add to trading income upside, the brokerage said. Taking a cue from Organisation for Economic Co-operation and Development (OECD) banking regulators, MKE is of the view that dividend caps could see gradual easing in 2021 and estimates caps to be relaxed to 80 per cent of 2019 levels. " While our earnings per share forecasts are unchanged pending Q4 results in February, the flush liquidity environment and stimulus expectations have us lowering cost of equity assumptions for the sector by 100-130 basis points," it said. As such, the brokerage has raised its target price (TP) on DBS to S$29.78 from S$24.63, and likewise raised its TP on OCBC to S$12.24, up from S$9.29. Noting that the banks' larger exposure to North Asia should be a positive catalyst for an earlier recovery, MKE has upgraded its recommendations for DBS and OCBC to " buy" from " sell" previously. It has also upgraded its call on UOB to " hold" from " sell" , and raised its TP on the lender to S$25.57, up from S$21.24. https://www.businesstimes.com.sg/companies-markets/brokers-take-maybank-ke-positive-on-singapore-thai-banks-remains-neutral-on |
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Starship
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25-Jan-2021 16:18
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What a Circus and a joke again. HSI up 2.5% again, yet STI is RED........... again !!!!!!!!!!! 
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FATABA
Supreme |
25-Jan-2021 11:10
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This is good news for Singapore ....esp our banks ......
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FATABA
Supreme |
21-Jan-2021 09:53
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US banks result like JPM and GS, and others are doing well ...esp trading. Singapore banking result is target week 22nd Feb .....will it be good......several input . .... 1. Large provision are set aside in 2020 which are NOT used. Will this be put back 2. Dividend payout is set for full year result ( last cap by MAS at 60%) ....europe has alrdy approved banks share buy back too ) Will cap be removed ( or at least a higher cap ? ) 3. Concern on low interest rate ( which is not new ) but w Biden/formal Fed chief .....it might b on the surprise side 4. Wealth management and trading business are doing v well for all 3 banks ..... Expect a good CNY angpow ?? Dyodd |
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Starship
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19-Jan-2021 16:37
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SGX is a Circus Maximus filled with too many Hideous Clown Stocks.    
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FATABA
Supreme |
19-Jan-2021 16:17
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Another slow and boring day for SGX .....where HK gain 700+ and Japan up 391 pts. Singapore is losing out most IPO still to HK .....delisting and move to HK TIME MAS wake up our SGX and move IN a world class CEO . We better be real ready and move into Asia true financial centre. We cant be always 2nd to HK ( HK set back is an opportunity for Spore ) Do something ..... |
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FATABA
Supreme |
18-Jan-2021 09:27
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Wow Spore NODX increased 6.8% in Dec ......rise in shipment of electronics. ( economist expect 0.3% ) Showing our banks might have a good Q4 ......result coming up w dividend ( end Feb after CNY ) Dyodd |
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Starship
Supreme |
15-Jan-2021 14:34
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FATABA
Supreme |
15-Jan-2021 14:30
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JPM , Wells Fargo and Citi keep off banks earnings tonite ...... Earnings for 4th Q have been on the rise ......will these also push our 3 ?? Monday we were know.
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FATABA
Supreme |
15-Jan-2021 11:20
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STI clear 3000 well this morning .....with DBS going to hit above $27 and UOB above $24 except when OCBC can go $11 ....all round number haha Banks result are coming up in US .....good indication and their dividend too . Show time |
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Starship
Supreme |
14-Jan-2021 19:22
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Starship
Supreme |
14-Jan-2021 19:18
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Goldfinger
Supreme |
14-Jan-2021 16:25
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wooohoooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Sterilise the Naysayers who always talk about the US market and look down on the Singapore market.
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FATABA
Supreme |
14-Jan-2021 16:22
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STI hit 3000 .....congratulations .... ( Starship .....fireworks please LOL ) |
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Goldfinger
Supreme |
14-Jan-2021 15:31
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Yes!!!!!!!!!!!!!!!!!!!!! Lets pop the champagne and STI regains 3000!!!!! | ||||
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FATABA
Supreme |
14-Jan-2021 15:29
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Power by the 3 banks ....STI is going to hit 3000 today > ? most likely What wld it be for 2021 ....much tougher to guess Dyodd |
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FATABA
Supreme |
12-Jan-2021 15:28
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Whatever is the cap there are several positive factor this year as against last yr. ... 1. Due to large share buy back by all 3 banks ( esp DBS and ocbc) ....the EPS wld be better ( assume same profit ) and more so justify a better dividend per share 2. USA has alrdy approved share buy back and if not wrong European side and talks are on about the dividend payout ......Spore is follower in this area 3. LARGE provisions ....all can easily check it out are NOT used ? definately a plus for this year . till now 2021 should not have any other large provisions needed Not looking into other points like econ and vaccine roll out etc ....I think the above 3 pts wld put our banks in a much better position DYODD Happy investing.
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Starship
Supreme |
12-Jan-2021 15:05
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HK and China markets continue their Bull Market cheong today.   Yet the SGX Circus Maximus is in the RED. Shameful.  |
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Goldfinger
Supreme |
12-Jan-2021 14:52
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Worst of all, the cap was based on 2019 dividends, and not the intended dividend for 2020. And the Banks are flush with cash and well able to pay as well. Since, the fear of COVID is receding in Singapore, and there were no widespread corporate failures nor mortgage defaults, hopefully they can pay out the difference and return to the SGD1.32 per year dividend for DBS.
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