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simpleguy123
Elite |
02-May-2024 07:14
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Thank you bro for the news updates, just came back from my run. That first line basically, points towards staying constant high for longer (no cut/no hike), especially when we take into consideration his two pre-set conditions have been met for the past 4 months  . And the last line is telling us to look at that same data, which will determine any cut(s) OR potential hike(s).Inflation isn' t falling, its only moving sideways or creeping upwards. Also, the U.S. Labor Market is " freaking Dragonball Z Level" strong.
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MrBear12
Supreme |
02-May-2024 07:09
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Had a good run, simpleguy?
DBS has had a great run! Anyone wants to do a chicken run? Or any other types of runs?? Invest in DBS Our nation's chief financier
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MrBear12
Supreme |
02-May-2024 07:04
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Record ROE 19.4 percent.
Amazing! Awesome to the heights. Alluring. FATABA and company will well be pleased. |
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MrBear12
Supreme |
02-May-2024 07:00
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of DBS Group Holdings
Ltd (?DBSH?) will be closed from 5.00 p.m. on 10 May 2024 (Friday) up to (and including) 13 May 2024 (Monday) for the purpose of determining shareholders? entitlements to the proposed interim one-tier tax exempt dividend for the first quarter ended 31 March 2024 (?1Q24 Interim Dividend?) of 54 cents for every ordinary share (?Share?) held. Duly completed registrable transfers of Shares received by DBSH?s Share Registrar at 9 Raffles Place, Republic Plaza, Tower I, #26-01, Singapore 048619 up to 5.00 p.m. on 10 May 2024 will be registered before entitlements to the 1Q24 Interim Dividend are determined. Members whose securities accounts with CDP are credited with Shares as at 5.00 p.m. on 10 May 2024 will rank for the 1Q24 Interim Dividend. The proposed 1Q24 Interim Dividend will be paid on or about 20 May 2024. |
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MrBear12
Supreme |
02-May-2024 06:41
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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DBS CEO Piyush Gupta said, ?Our record earnings have given us a strong start to the year. We
had broad-based business momentum as loans grew and both fee income and treasury customer sales reached new highs. While geopolitical tensions persist, macroeconomic conditions remain resilient and our franchise is well positioned to capture business opportunities. We are optimistic that total income and earnings will be better than previously guided and we will be able to deliver another year of strong shareholder returns.? Here is our three cheers to DBS. Hiphip hooray Hiphip hooray Hiphiphip hooray! Congrats DBS management and all shareholders.
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MrBear12
Supreme |
02-May-2024 06:38
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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First-quarter net profit rises 15% to SGD 2.96 billion while return on equity increases to
19.4%, both at new highs DBS Group?s net profit for first-quarter 2024 rose 15% from a year ago to a record SGD 2.96 billion while return on equity reached 19.4%. Total income grew 13% to a new high of SGD 5.56 billion as net interest margin was stable at 2.14%, fee income crossed SGD 1 billion for the first time and treasury customer sales reached a record. The cost-income ratio was little changed at 37% and profit before allowances rose 14% to SGD 3.48 billion. Asset quality remained resilient with NPL ratio at 1.1% and specific allowances at 10 basis points of loans. Compared to the previous quarter, net profit was 24% higher. Total income grew 11% from the record fee income and treasury customer sales, as well as higher markets trading income1 . Expenses declined 6%, partly due to non-recurring items in the previous quarter. Significantly higher than estimates!
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MrBear12
Supreme |
02-May-2024 06:35
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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As we run,
News is out that, Dividends The Board has declared an interim one-tier tax-exempt dividend of 54 cents for each DBSH ordinary share for the first quarter of 2024 (the ?1Q24 Interim Dividend?). The additional DBSH ordinary shares arising from the bonus issue will qualify for such dividend. The estimated dividend payable is $1,536 million. The DBSH Scrip Dividend Scheme will not be applied to the 1Q24 Interim Dividend. The DBSH ordinary shares will be quoted ex-dividend on 9 May 2024 (Thursday). The payment date for the 1Q24 Interim Dividend will be on or about 20 May 2024 (Monday). The Transfer Books and Register of Members of DBSH will be closed from 5.00 p.m. on 10 May 2024 (Friday) up to (and including) 13 May 2024 (Monday) for the purpose of determining shareholders? entitlement to the 1Q24 Interim Dividend. |
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MrBear12
Supreme |
02-May-2024 06:20
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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When I go for news run, you go for a physical
Run. Good on you simpleguy. Awesome! Here is what powell said, If we did have a path where inflation proves more persistent than expected, and where the labor market remains strong but inflation is moving sideways and we're not gaining greater confidence, well, that would be a case in which it could be appropriate to hold off on rate cuts," "There are paths to not cutting and there are paths to cutting. It's really going to depend on the data." |
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simpleguy123
Elite |
02-May-2024 06:15
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About to head out for my morning run.
I would like to go along with your prediction, so that i have a chance of being positively suprised rather than negatively being disappointed haha. But overall i agree with that researcher, as the delayed rate cuts will benefit our overall earnings for the FY2024. For me always expect disappointments and i'll never be disappointed hahahas.
Last night he ruled out rate hikes, although it sounded like a wait and see approach. Did he mention about potential rate cuts though?
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MrBear12
Supreme |
02-May-2024 06:03
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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https://finance.yahoo.com/news/dbs-group-holdings-ltds-dividend-110305672.html | ||||
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MrBear12
Supreme |
02-May-2024 05:52
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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In particular, to improve service availability and speed up recovery time in the
event of disruptions, the bank has undertaken a number of key actions in the areas of technology risk governance and oversight, system resilience, change management and incident management. For example, the bank has: § Strengthened independent risk functions § Simplified systems architecture, enhanced system redundancies for key services and reduced single points of failure § Tightened change management processes and § Enhanced its ability to more quickly identify incidents and resolve them Several areas remain a work-in-progress. They include continued simplification and strengthening of the bank?s systems architecture building deeper expertise in centres of excellence for critical third-party technologies broadening the use of artificial intelligence to further strengthen change management and creating more monitoring tools so as to be able to detect potential issues more quickly. Said DBS CEO Piyush Gupta, ?The pause has allowed us to reflect on the areas we needed to improve on, and to better address them. While progress has been made, we are committed to building on this further. In the months ahead, we will continue to prioritise resources to strengthening technology resiliency. We will also dedicate management attention to ensuring that our efforts have sustained effectiveness. Our pledge is to ensure that innovation is well balanced with resiliency |
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MrBear12
Supreme |
02-May-2024 05:48
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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https://www.theedgesingapore.com/capital/right-timing/short-pause-dbss-runaway-share-price-ahead-1q-results | ||||
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MrBear12
Supreme |
02-May-2024 05:29
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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https://www.businesstimes.com.sg/companies-markets/spotlight-1delayed-rate-cuts-expected-benefit-singapore-banks-otherwise-uneventful-q1-earnings
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MrBear12
Supreme |
01-May-2024 20:58
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Very quiet today on the DBS front. All enjoying holiday. Good! The action will be fast and furious tomorrow. Have a good rest and leave everything in His Hands. Because He has the whole world in them. |
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MrBear12
Supreme |
01-May-2024 19:08
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I' ll be first to cheer after their announcement.
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Goldfinger
Supreme |
01-May-2024 19:07
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Three Cheers in advance for DBS Results and Dividend announcement tomorrow. | ||||
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MrBear12
Supreme |
01-May-2024 17:58
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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DBS Group Research analysts Lim Rui Wen, Derek Tan, Rachel Tan, Geraldine Wong and Dale Lai recommend &ldquo staying nimble&rdquo when investing in Singapore banks and REITs amid prevailing volatile rates. Contrary to the optimistic outlook on declining global rates, the reality of &ldquo sticky&rdquo inflation prints and increasing macro uncertainties have dampened such expectations. Instead of six planned rate cuts at the start of the year, the market is now anticipating two rate cuts by the end of 2024, according to Bloomberg. &ldquo With US 10-year yields rebounding to year-to-date (ytd) highs and increasing geopolitical uncertainties due to the recent tensions in the Middle East on top of the ongoing Ukraine- Russia war, this potent mix of sticky inflation and geopolitical tensions will likely drive a &lsquo flight to safety&rsquo trade,&rdquo note the analysts in their April 23 report. |
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MrBear12
Supreme |
01-May-2024 17:56
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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OCBC Investment Research analyst Carmen Lee has retained her " hold" call despite DBS' s record set of results for the FY2023 and its outperformance of the benchmark and its peers since the start of the year. | ||||
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MrBear12
Supreme |
01-May-2024 17:54
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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SINGAPORE &ndash The Monetary Authority of Singapore (MAS) has said it will not extend a six-month restriction on DBS Bank&rsquo s non-essential banking activities past April 30. The pause was among penalties imposed on Nov 1 in response to disruptions to the bank&rsquo s services in 2023. However, Singapore&rsquo s largest bank must continue to set aside additional regulatory capital by applying a multiplier of 1.8 times to its risk-weighted assets for operational risk &ndash a penalty imposed in May 2023 &ndash the authority said in a statement on April 30. Such buffers help banks deal with unexpected losses and remain solvent in times of crisis. In 2022, DBS Bank was required to apply a multiplier of 1.5 times to these assets after it suffered its worst outage in more than a decade the previous year. In 2023, MAS imposed measures restricting the bank&rsquo s non-essential IT changes and barring it from acquiring new business ventures until April 30, following disruptions to DBS&rsquo digital banking and ATM services in March and May that year. On its decision to retain the capital requirement, MAS said on April 30: &ldquo The multiplier of 1.8 times will be lifted when MAS is satisfied that DBS Bank has demonstrated the ability to maintain service availability and reliability, and handle any disruptions effectively.&rdquo
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MrBear12
Supreme |
01-May-2024 17:51
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Boss simpleguy, Let me make a little prediction here. For tmr update, Dividend 54 cents for 1Q Profit and Revenue FLAT Any other predictors? |
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