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seanpent Supreme	27-Apr-2016 09:24        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Intelligence  is all in their genes Qanghoo      ( Date: 27-Apr-2016 09:20) Posted: Maybe smarter still was Lee Kong Chian, the father who was son-in-law of Tan Kah Kee. seanpent      ( Date: 27-Apr-2016 09:14) Posted: Mr Lee is a very smart man hor ?
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Qanghoo Supreme	27-Apr-2016 09:20        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe smarter still was Lee Kong Chian, the father who was son-in-law of Tan Kah Kee. seanpent      ( Date: 27-Apr-2016 09:14) Posted: Mr Lee is a very smart man hor ? Qanghoo      ( Date: 27-Apr-2016 09:13) Posted: From Lee Seng Wee' s  estate maybe? Let' s google around n see.
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seanpent Supreme	27-Apr-2016 09:14        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mr Lee is a very smart man hor ? Qanghoo      ( Date: 27-Apr-2016 09:13) Posted: From Lee Seng Wee' s  estate maybe? Let' s google around n see. seanpent      ( Date: 27-Apr-2016 09:01) Posted: interesting ..... http://infopub.sgx.com/FileOpen/_Form_1_Lee_Tih_Shih_26Apr16.ashx?App=Announcement& FileID=400941
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Qanghoo Supreme	27-Apr-2016 09:13        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	From Lee Seng Wee' s  estate maybe? Let' s google around n see. seanpent      ( Date: 27-Apr-2016 09:01) Posted: interesting ..... http://infopub.sgx.com/FileOpen/_Form_1_Lee_Tih_Shih_26Apr16.ashx?App=Announcement& FileID=400941
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seanpent Supreme	27-Apr-2016 09:01        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	interesting ..... http://infopub.sgx.com/FileOpen/_Form_1_Lee_Tih_Shih_26Apr16.ashx?App=Announcement& FileID=400941
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seanpent Supreme	27-Apr-2016 08:47        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	very oversold for a very solid bank ....
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Qanghoo Supreme	26-Apr-2016 22:04        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	In my adult life I' ve  lived through  a number of downturns, starting 1985 till now.  Invariably all sorts of concerns, rumours n negative speculations wld come to life during these times.  Invariably too, the local bks (especially the three now still standing) wld prove the mkt wrong.  Loan growth is poor, in fact, a bit of a concern if it continues this way.  But I believe NIM is one area the bks are  working hard to squeeze customers dry (I' ve quoted myself as one victim a few times in this forum already).  With SIBOR likely to trend higher, especially given the likely appreciation of USDvSGD (even though it seems not to have happened yet), borrowers, such as for housing, n margin financing, are probably looning that their lenders wld temper desire for greater profitability with  some mercy.  As for growth projections, I doubt if DBS wld grow so much as 10% q/q n OCBC wld decline by such a large margin too.  This is my 1c worth.  Dyodd as always.  waters      ( Date: 26-Apr-2016 19:06) Posted: Singapore banks   From asset quality concerns to growth concerns         Market concerns could shift away from asset quality to growth    The negative impact on ROE from slowing growth can be mitigated by active liability and capital management  UOB is still our preferred pick followed by DBS. Downgrade OCBC to Hold on recent share price strength. Unchanged TPs 1Q16 results should allay asset quality concerns. UOB will release its 1Q16 results on 28 April followed by OCBC on 29 April and DBS on 3 May. The reporting season should reaffirm the asset quality resilience of these banks. We expect negligible increases in NPL ratios with marginal impact on credit costs.  Growth concerns could arise. Although sector SGD loans are up 1% YTD as at February 2016, total DBU (Domestic Banking Unit) and ACU (Asian Currency Unit) loans contracted 2% over the same period due to a slowdown in business lending.  The problem with low growth. Slowing loan growth could lead to a lower loan deposit ratio and NIM pressure. Also, capital that was tied up in loans would be freed up. Banks can still manage this through active liability and capital management. So far, Singaporean banks have been successful in managing down their expensive liabilities. However, they have yet to actively manage their capital due to concerns on potential regulatory changes and caution towards the asset quality cycle.  Expect soft 1Q16 earnings. We expect 10% q-o-q earnings growth for DBS driven by better credit costs. Core earnings for UOB should be flat q-o-q while we expect OCBC to see a 3% decline on weak non-interest income streams (see Fig 7).  UOB is our preferred pick. Downgrade OCBC to Hold. UOB (UOB SP, SGD19.65, Buy, TP SGD25.20) is our preferred pick as we believe the interests of its major shareholders are completely aligned with long term minority shareholders. We also like DBS (DBS SP, SGD15.81, Buy, TP SGD20) given how it has optimized its balance sheet and business mix since 2009. We downgrade OCBC (OCBC SP, SGD9.39) to Hold from Buy following the rebound in its share price. Our SGD10.20 TP for OCBC is unchanged. OCBC is our least preferred stock as its relatively lower loan loss coverage level poses a risk to earnings should NPLs spike up.    Please refer to the research report, and click on the link below for important disclosures and disclaimers in the Disclosure appendix:   https://www.research.hsbc.com/R/20/tJCVgjdRCWuA
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waters Senior	26-Apr-2016 19:06        waters About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Singapore banks   From asset quality concerns to growth concerns         Market concerns could shift away from asset quality to growth    The negative impact on ROE from slowing growth can be mitigated by active liability and capital management  UOB is still our preferred pick followed by DBS. Downgrade OCBC to Hold on recent share price strength. Unchanged TPs 1Q16 results should allay asset quality concerns. UOB will release its 1Q16 results on 28 April followed by OCBC on 29 April and DBS on 3 May. The reporting season should reaffirm the asset quality resilience of these banks. We expect negligible increases in NPL ratios with marginal impact on credit costs.  Growth concerns could arise. Although sector SGD loans are up 1% YTD as at February 2016, total DBU (Domestic Banking Unit) and ACU (Asian Currency Unit) loans contracted 2% over the same period due to a slowdown in business lending.  The problem with low growth. Slowing loan growth could lead to a lower loan deposit ratio and NIM pressure. Also, capital that was tied up in loans would be freed up. Banks can still manage this through active liability and capital management. So far, Singaporean banks have been successful in managing down their expensive liabilities. However, they have yet to actively manage their capital due to concerns on potential regulatory changes and caution towards the asset quality cycle.  Expect soft 1Q16 earnings. We expect 10% q-o-q earnings growth for DBS driven by better credit costs. Core earnings for UOB should be flat q-o-q while we expect OCBC to see a 3% decline on weak non-interest income streams (see Fig 7).  UOB is our preferred pick. Downgrade OCBC to Hold. UOB (UOB SP, SGD19.65, Buy, TP SGD25.20) is our preferred pick as we believe the interests of its major shareholders are completely aligned with long term minority shareholders. We also like DBS (DBS SP, SGD15.81, Buy, TP SGD20) given how it has optimized its balance sheet and business mix since 2009. We downgrade OCBC (OCBC SP, SGD9.39) to Hold from Buy following the rebound in its share price. Our SGD10.20 TP for OCBC is unchanged. OCBC is our least preferred stock as its relatively lower loan loss coverage level poses a risk to earnings should NPLs spike up.    Please refer to the research report, and click on the link below for important disclosures and disclaimers in the Disclosure appendix:   https://www.research.hsbc.com/R/20/tJCVgjdRCWuA
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FATABA Supreme	26-Apr-2016 17:05        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OCBC XD today with 18c divided. Yesterday close was 9.28 ....not surprise profit take by some when it goes Xd. ​ Also GE result is not to expectation which might affect OCBC result this Friday/ whatever this bank can offer some surprise with WH in its pocket> also expecting its bank of Singapore wealth mgt to be doing well.
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lingua101 Veteran	26-Apr-2016 16:43        lingua101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	why drop so miuch today
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seanpent Supreme	26-Apr-2016 16:08        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	collection bin at 9.06 ?
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seanpent Supreme	26-Apr-2016 15:52        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	a nice U-turn  from 8.99 ..... seems that 8.99 is more auspicious ..... Qanghoo      ( Date: 25-Apr-2016 10:21) Posted: Spore mkt is just terrible.  Even my spore-fund unit trust tank 15%.  Reflects state of STI n blue chips here.  Other major indices down last few mths but many already spring back, esp DJ already near record high.  Here still > 15% from 52-wk high.  seanpent      ( Date: 25-Apr-2016 10:09) Posted: Bears win :(
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ecekca Elite	26-Apr-2016 06:47        ecekca About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	OCBC correcting soon
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investshare Supreme	25-Apr-2016 17:32        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	why u buy unit trust? Qanghoo      ( Date: 25-Apr-2016 10:21) Posted: Spore mkt is just terrible.  Even my spore-fund unit trust tank 15%.  Reflects state of STI n blue chips here.  Other major indices down last few mths but many already spring back, esp DJ already near record high.  Here still > 15% from 52-wk high.  seanpent      ( Date: 25-Apr-2016 10:09) Posted: Bears win :(
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whysoserious Supreme	25-Apr-2016 15:21        whysoserious About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sad stock tomorrowXD but still kena whack left right center people hack care the dividend because they know Sg market has no growth prospects
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trader20yr Senior	25-Apr-2016 12:02        trader20yr About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	starhub and m1 not blue enough mah .. the ah ma and ah peh don' t know what is telco ... but banks and singtel they know are blue blue blue chips
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dc16888 Master	25-Apr-2016 11:45        dc16888 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	recently starhub & m1 xd   don' t have such effects. Price moves higher.
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trader20yr Senior	25-Apr-2016 11:10        trader20yr About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yes, for STI blue chips after XD, they wil drop more than the dividend, last recall singtel last dec2015 xd 7c drop from 3.80 down to below 3.70. But will take 3 or 4 monthsonly   to recover because ... next dividend coming again :)
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seanpent Supreme	25-Apr-2016 10:29        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	you poor thing ..... i empathise ..... Qanghoo      ( Date: 25-Apr-2016 10:21) Posted: Spore mkt is just terrible.  Even my spore-fund unit trust tank 15%.  Reflects state of STI n blue chips here.  Other major indices down last few mths but many already spring back, esp DJ already near record high.  Here still > 15% from 52-wk high.  seanpent      ( Date: 25-Apr-2016 10:09) Posted: Bears win :(
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Qanghoo Supreme	25-Apr-2016 10:21        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Spore mkt is just terrible.  Even my spore-fund unit trust tank 15%.  Reflects state of STI n blue chips here.  Other major indices down last few mths but many already spring back, esp DJ already near record high.  Here still > 15% from 52-wk high.  seanpent      ( Date: 25-Apr-2016 10:09) Posted: Bears win :( FATABA      ( Date: 25-Apr-2016 09:58) Posted: Tmr is XD with 18 cents ...for investor :)) Will it drop as much tmr ???  Whatever, OCBC is doing fine and with expect result Q1 out on Friday . 29th Apr
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