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Kimly Limited
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Goldfinger
Supreme |
01-May-2020 16:42
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This is actually very good news. Also, it was Piyush who pushed up the dividend policy to $1.32 per year - which he has to make good or else lose face big time. But anyway, please talk this down, as I would really like to buy more DBS at $15 too.
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hengonghuat128
Member |
01-May-2020 14:33
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33 cents is just about 1.65%. The intra day trading always more than 1.65% fluctuation in this period of time. | ||||
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angmohlin
Veteran |
01-May-2020 13:39
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If not wrong come to 26 May those holders before the Ex-dividend date in 12 May will get 66 cents dividend for the final dividend of 33 cents for the FY2019 as well as 33 cents for the Q1/20 interim dividend. | ||||
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n9.kevin
Member |
01-May-2020 13:38
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https://www.businesstimes.com.sg/companies-markets/dbs-og-portfolio-makes-up-largest-chunk-of-loans-to-industries-hit-by-covid-19
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Starship
Supreme |
01-May-2020 12:33
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Gupta is a cash cow for DBS. 
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Joelton
Supreme |
01-May-2020 11:33
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DBS chief Piyush Gupta to remain in his role ' for foreseeable future'FRI, MAY 01, 2020 - 5:50 AM Singapore DBS reviews its succession plan for senior management roles annually, with its chief executive Piyush Gupta to remain in his position " for the foreseeable future" after more than 10 years at the bank, said South-east Asia' s largest lender on Thursday. The bank said,... https://www.businesstimes.com.sg/companies-markets/dbs-chief-piyush-gupta-to-remain-in-his-role-for-foreseeable-future |
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Joelton
Supreme |
01-May-2020 11:31
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DBS increases provision but keeps 1Q dividend at 33 cents
DBS Group Holdings has reported earnings of $1.17 billion for 1Q2020, down 29% y-o-y, as it &ldquo pre-emptively&rdquo set aside $703 million in general reserves to buffer potential risks arising from the Covid-19 outbreak.
However, the bank is keeping its dividend for the quarter at 33 cents per share.
The bank now has total allowances of $1.09 billion, which includes $383 million in specific allowances, mainly for new exposures recognised as non-performing during the quarter. Among the three local banks, DBS has the largest exposure of US$290 million to beleaguered oil trader Hin Leong, which went into judicial management last week.
DBS&rsquo s total income for the quarter grew 13% y-o-y to a new high of $4.03 billion, with broad-based growth in non-trade corporate loans as well as fee income. Gains from investment securities also contributed to the increase in total income, said the bank.
Net interest income increased 7% y-o-y to $2.48 billion. A slight growth in non-trade corporate loans was offset by lower trade and wealth management loans. Net interest margin remained stable q-o-q at 1.86%.
Net fee income, on the other hand, rose 14% y-o-y to $832 million, led by a 28% growth in wealth management fees, a 17% rise in loan-related fees, and a 64% increase in investment banking fees. However, due to lower transaction volumes, card fees dropped by 8%.
Other non-interest income rose 39% y-o-y to $712 million, mainly contributed by gains in investment securities.
The nonperforming loan (NPL) rate rose 1.6% from 1.5%.
Overall, the bank&rsquo s cost to income ratio has improved to 39% total expenses fell 3% q-o-q to $1.56 billion from lower general expenses and staff costs.
The bank&rsquo s Common Equity Tier-1 ratio declined 0.2 percentage points from the previous quarter to 13.9%. Even so, this level is still above the group&rsquo s target operating range as well as regulatory requirements. The leverage ratio of 6.9% was more than twice the regulatory minimum of 3%.
In its outlook statement, DBS says it is &ldquo well-positioned&rdquo to support its clients in uncertain markets due to the bank&rsquo s strong capital, funding, and liquidity.
DBS CEO Piyush Gupta said that while the bank&rsquo s expenses will be tightened, there will be no retrenchments or pay cuts, although discretionary non-staff costs will be reduced. Investments will be prioritised, and bonuses will be aligned to earnings, said Gupta in his commentary in the bank&rsquo s earnings announcement.
&ldquo Our record operating performance in the first quarter has given us a head start to face the challenges of the coming year.
&ldquo While the economic outlook remains uncertain and credit risks have increased, the digital investments we have made have strengthened the resilience and efficiency of our franchise and we remain committed to serving our customers,&rdquo he said.
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ysh2006
Supreme |
30-Apr-2020 19:22
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The div DBS already said last Dec every Q pay 30c...Jan 20 it said add 3c more only.. Many investors know...
DBS always ex d price drop more than div price! ...
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AhLiang
Elite |
30-Apr-2020 18:48
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Lol!
This monk always tell people he got many rich friends. Institutions on his left, wealthy families on his right, Ah Kong behind his back, Construction boss infront. Himself center.
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Starship
Supreme |
30-Apr-2020 18:26
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trustworthy
Member |
30-Apr-2020 18:15
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thank you so much. so unless there is some bad news globally, this share probably would stay at the same level or go high ....until dividend date. | ||||
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zyer89
Member |
30-Apr-2020 18:02
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depends on the Ex Div date. For this case is 12/5/20. Buying the stock anytime bedore this date , you will get the dividend. So last day would be 11/5/20, monday. On your trading platform you will also see CD ' c dividend' on 11/5/20 and before, or XD ' excludes dividend' on 12/5/20 and after. |
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trustworthy
Member |
30-Apr-2020 17:53
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DBS has announced 33cent dividend. May I know this dividend is payable to which shareholders? For example if I buy share on 5th May 2020, will I still be entitled for dividend .Please adivse. thank you so much. | ||||
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TA_Expert
Supreme |
30-Apr-2020 17:52
Yells: "The World has changed" |
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Bro Cheong, you really huat. Whaever you touches become gold. You are also into DBS, sure make a kiling. My friends from the institution sides are all celebrating now on the rally of DBS as most of them bought in at $17-$18 range during the recent sell off. DBS is SEA biggest bank, while OCBC is no. 2 followed by UOB at the third spot in SEA. |
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Starship
Supreme |
30-Apr-2020 15:50
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john_ric
Supreme |
30-Apr-2020 15:17
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i also dont rule out the possibility. but then it will bounce back and go higher. if you know the characteristic of this counter you would have confidence. people may then say can buy back when lower. but as we know it is impossible to time the market. we can only say this and that on hindsights. .my understanding is if not holding any now then make sense to wait. but if already in the position then may hold for div. ( my view only not an adive to anyone here. Do your own DD)
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tkokjin
Member |
30-Apr-2020 14:51
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Looks like lots of people waiting to buy cheap..... | ||||
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tkokjin
Member |
30-Apr-2020 14:49
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DBS is Singapore National Bank. Buy and hold and will be up again even with dividend payout. | ||||
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n9.kevin
Member |
30-Apr-2020 14:37
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You take the $660 dividend and next day confirm everyone sell. The share price drop, you end up losing more than $660. Don' t be greedy. | ||||
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john_ric
Supreme |
30-Apr-2020 14:35
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who would foresake dividend of $660 ? it is better than gov' s $600. . |
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