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lionking
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03-Aug-2016 08:56
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i think not just oil and gas companies who had borrowed tons of money from banks, just look at other areas |
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seanpent
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03-Aug-2016 08:52
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yes bro ..... think now everything is about timing and sentiments ..... so hard to beat the negativities now ..... i also cutting loss 1st ..... haiz ..... :(
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Qanghoo
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03-Aug-2016 08:50
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Just go rate their own ang moh bks lah.  When oil tanks further n there are more Cap 11 from shalers how much are the ang moh bks exposed to OnG.  Are they as well covered.  Pt is, some like to keep bashing a select grp of institutions probably more for sensationalising.  Our MAS will take care of things here for sure.  Look at how DBS recently squeezed Ezra to take control of the Triyard shares n we know things are not as bad as people have the  perversion n sadism  to make them out to be. 
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FATABA
Supreme |
02-Aug-2016 23:14
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Agree....Moody hit when at the worst timing.....only for their own benefit. They have not rate themselves.
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Qanghoo
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02-Aug-2016 17:40
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Were they not the ones kena whacked by HK gov for some not towardly conduct?
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Qanghoo
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02-Aug-2016 17:38
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This moody better go jaga their american backside first. 
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famouspinky
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02-Aug-2016 17:21
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When the tide is down, good or bad will show. Sustainability is key.
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FATABA
Supreme |
02-Aug-2016 17:19
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We have to be very careful about numbers. ( I am not talking that banks are NOT affected....everyone is when economic condition is bad)  However, like DBS case...this 700M is total exposure to Swiber...there are vessel , and other collaterate given before the loan is granted. etc etc. Nett, DBS think is 150M more ( they did have previous provision etc ) ....Whatever, this amount will affect them BUT NOT WHAT OTHERS WISHES TO PAINT ...DBS WILL CLOSE ? ( no way...it will just maybe reduce its qtr profit by 10% ....NOTE its ONLY one qtr. Of course the doom day would say other accounts like Erza Ezion etc ....wow all are DBS customer ? I agree that DBS would be affect but NOT as much as those doom day wishes  ( foreign firm wishes to down grade) Dont forget our banks are STILL SO MUCH BETTER THEN THEIRS AT HOME....lol  
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seanpent
Supreme |
02-Aug-2016 16:56
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meantime market superover ..... guess will see a strong rebound .....
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acetron
Member |
02-Aug-2016 16:11
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investshare
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02-Aug-2016 16:10
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I know OCBC not in Swiber case. What I mean is the risk in O& G sector now is very significant. Good profit can be wiped out easily. Refer below from Moody.    " The banks' exposures to the oil and gas sector remain significant, with UOB' s and OCBC' s exposure to offshore marine services companies amounting to 13-18 per cent of their CET1 capital and loan loss reserves at end-June 2016," said Moody' s.
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seanpent
Supreme |
02-Aug-2016 16:09
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and wiping even much more from the overall market :(    its unimaginable if people managing the company are not held accountable :(
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acetron
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02-Aug-2016 16:08
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ocbc not involve leh... |
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investshare
Supreme |
02-Aug-2016 16:06
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But one Swiber case can wipe out $700m :(
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lionking
Member |
02-Aug-2016 15:51
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wah ho say liao ! 8.58 ! |
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lionking
Member |
02-Aug-2016 11:32
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waiting to buy at 8.30 or lower, i want to invest at at great bargain price  |
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FATABA
Supreme |
01-Aug-2016 09:29
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So many are hoping it will drop further last week ...so they can buy cheap . OCBC is still over $800M in profit ...even with GD pulling it down and the addition of one time gain last year. Dividend is 36c a year. OVER 4.1% highest among the 4 banks.  Vested Happy investing. :)) |
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lionking
Member |
29-Jul-2016 17:25
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good if u really looking for great bargains to hold long term
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jayarumah
Master |
29-Jul-2016 17:09
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My property friend told me one....1 from philippines swipe credit card to max limit then dont pay....citibsnk hired debt collector ...debt collector dont even know where the filipino is
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seanpent
Supreme |
29-Jul-2016 17:01
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oh that' s really not a vigilant way ..... now worried that OCBC will follow DBS with  a big slide down .... haiz ..... :(
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