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3 BIG Spore banks ....:))
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FATABA
Supreme |
15-Feb-2024 13:03
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Let me address this to my best estimate .... 1H is 40c and CEO Helen has confirm the payout ratio of aro 50% ....so I dont expect the full year 2023 to be any less than 40c But what is most possible is a special dividend ...my guess is 20c . If this come true ...will be a great 40+40+20 ....$1 giving OCBC a yield of 7.7% at $13 . ( lol my hope for this great angpow) Whatever, OCBC should have room under this lady CEO . DYODD
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chubbybastard
Member |
15-Feb-2024 12:55
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For me I am expecting $0.42 per share or 5% more than last Q dividend. Ocbc not known to pay special dividend so i am not expecting any
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Goldfinger
Supreme |
15-Feb-2024 12:44
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What is your expected OCBC final dividend?
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Echoes
Senior |
15-Feb-2024 12:34
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I doubt there will be any extra or special dividen in 2024 . After the 10% share enlargement and the $2.16 total dividen , the payout amounts to $6b. The projected profits for 2024 is the same as 2023 ie 10b , which means they are doing a 60% payout ratio . As they have mentioned , they are returning excess capital to shareholders in this exercise . That said , $2.16 total dividens is already very generous . As you have pointed out , the yield is 6.5% based on a $33 share price and even if the share price hit $40 , it is still a respectable 5.4% !!
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FATABA
Supreme |
15-Feb-2024 11:43
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Yes, this 5th is for full year 2023 dividend . there is another Q1 2024 dividend of expected 54c ....wonder when this is in May ...so base on timing , many might hold on haha Dyodd
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huattuatua
Elite |
15-Feb-2024 11:28
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xD is 5th april xB is 22nd april
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FATABA
Supreme |
15-Feb-2024 11:26
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DBS powered over $33 now ......huat huat Huat . Looking at the 2.16 dividend for 2024 ( excluding a likely potential of extra dividend ) .....and at 33, yield is a good 6.5% Wow ,,,,,do you think DS will move even higher before XD on 22nd April ??? HUAT HUAT HUAT . I have given 3 big HUATs....as I dont think OCBC and UOB result will be lousy .....expect some good angpow from them ?? Happy investing. |
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FATABA
Supreme |
15-Feb-2024 09:28
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It tells a LOT about this trust in DBS in the CHINA economy esp duing this tough time .. DBS China has received a licence to underwrite debt financing instruments for non-financial enterprises, including foreign issuers, in China&rsquo s interbank bond market. DBS is the first South-east Asia headquartered bank to secure such a licence, which was awarded by China&rsquo s National Association of Financial Market Institutional Investors. It will enable non-financial enterprises outside of China to tap the world&rsquo s second-largest bond market, by leveraging DBS&rsquo &ldquo track record in helping foreign governments and agencies, supranational organisations, and financial institutions&rdquo |
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FATABA
Supreme |
08-Feb-2024 08:56
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I honestly think you can prepare MORE dividend from UOB and OCBC . the actual amount is not tough to guess base on the payout ration . Many have predicted close to it . As for bonus ...wow 1:3 and 1:5 is much more then the 1:10 paid by DBS and i dont think UOB n OCBC wld like to do that amount this year. OCBC target an EXTRA $3b income which is achievable ...so they might do it when they reach this figure in the next few years. UOB should be a better dividend or a special bonus w contribution from Visa coming in. DYODD Happy investing.
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Goldfinger
Supreme |
07-Feb-2024 23:01
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After they see how the bonus issue rockets DBS share price, hopefully the other 2 will realise that it does not take much to make SG investors happy and that they too can give like 1 for 3 or 1 for 5 bonus issues, and raise dividends a bit.
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CheeryVGoh
Supreme |
07-Feb-2024 21:47
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Thanks ! Hope more Ang Pows from OCBC too ! Lim & Tan : Notwithstanding the expected interest rate cuts in FY24, DBS still expects to maintain their performance for FY24 and has proposed to increase dividends by 24% and also proposed a 1 for 10 bonus issue to reward shareholders. With an attractive yield of 7.5% and PE of 7-8x, we maintain an &ldquo Accumulate&rdquo . (Bloomberg consensus 1 year target price of $36.30 implies a potential upside of 15%).
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FATABA
Supreme |
07-Feb-2024 14:10
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Congrate . I think the 54c for 2024 is 7.5% yield evven if DBS drop to 28.8 after XB ...which may not happen / Also a bank w ROE of 18% is hard to find ....dyodd Happy investing.
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CheeryVGoh
Supreme |
07-Feb-2024 11:39
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Recently I bgt at 31.9+, hope DBS go much higher than current 32.53. Higher div, high yield & bonus Ang Pao. Huat huat to all who is vested.
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hokpin
Supreme |
07-Feb-2024 11:16
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Management walk the talk. Set a good example!
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FATABA
Supreme |
07-Feb-2024 11:12
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DBS excellent result is not only pushing STI higher ...it is also telling the story of OCBC and UOB ....which also having their result this mth . Awaiting patiently .....dyodd Happy investing. |
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FATABA
Supreme |
07-Feb-2024 10:03
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I have mentioned many times that we need MORE good CEO ( foreign talent like DBS CEO ...as this small red dot really lack talent ...see Singtel case) Not only DBS is growing to new heights ...it is also giving back to the society ....DONT MISS this in the press release/ Junior staff all rewarded , senior mgt cut ( see below ) ALSO > ... take a simple calculation on the 7.5% yield even when DBS drop to 28.81 ( value for calculation after rights ...which might not hit this low level ) Good luck and HUAT Happy investing. Corporate social responsibility (CSR) commitment As part of a recently announced CSR commitment of up to SGD 1 billion over 10 years to support vulnerable communities, an inaugural contribution of SGD 100 million was set aside from the year' s profits. The commitment aims to improve the lives of the underprivileged in DBS' key markets. The first initiative under this pledge was announced in December 2023 &ndash a SGD 30 million partnership with Singapore&rsquo s Ministry of Social and Family Development to help underprivileged families with children living in rental flats. One-time bonus for junior employees In line with the latest guidelines issued by Singapore&rsquo s National Wages Council to help lower-income employees cope with higher costs of living, junior employees across the group, which make up half of total headcount, will each receive a one-time bonus. The aggregate payment of SGD 15 million was set aside in expenses for 2023. Accountability for digital disruptions The Board determined that the variable compensation for the CEO and other members of the Group Management Committee should be cut to hold them accountable for the series of digital disruptions during the year. Their 2023 variable compensation was collectively reduced by 21% from the previous year despite record 2023 profits. The CEO took a deeper cut of 30%, which amounted to SGD 4.14 million. |
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FATABA
Supreme |
23-Jan-2024 11:44
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When interest rate drop ....it does NOT mean banks wld earn less.....it is about managing that differences. In fact more loans might be taken up. At $30, w 0.48x4X a year,,,,,6.4% yield lol wld it drop to 30,,,,,,,,haha wld be very happy awaiting. dyodd
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FATABA
Supreme |
23-Jan-2024 11:37
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DBS is the top stock despite a 0.468% decline. The Straits Times Index (STI) closed at 3,149.03 down 0.1% on Monday, 22 January, at 5:21 p.m. At the top was DBS, followed by OCBC Bank (0%) and UOB (+0.287%). CapitaLandInvest and Seatrium were at the foot. |
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RL16EGG
Veteran |
20-Jan-2024 12:40
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Support abt 29-30. Beta should be 2.95 (5yr average). Anyway, still above 1, volatile. The other 2 is the same. Same view $ would still be rolling in for the 3.
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CheeryVGoh
Supreme |
19-Jan-2024 21:36
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A brand new year! How will DBS Group Holdings share price perform in 2024? Looking back, 2023 should be a roller-coaster ride for investors as DBS Group Holdings share price surged to a high of $36.20 on 10 February 2023, only to then free-fall all the way to $30.30 on 31 May 2023. The volatility of DBS Group Holdings share price in March 2023 was attributed to the collapse of several US regional banks, sparking fear of global financial contagion. To add oil to fire, DBS Group Holdings share price came under further pressure in April 2023 following news of $1.3 billion loan exposure to beleaguered Adani Group and the infamous service outage, which led to the Monetary Authority of Singapore (MAS) branding the disruption as &ldquo unacceptable&rdquo . Somehow, DBS Group Holdings share price managed to overcome these setbacks to end the year at a respectable level of $33.40. As we enter 2024, questions abound if the US bank crisis is truly over. According to a paper by National Bureau of Economic Research, more than US$2 trillion of US bank asset values had been wiped off since monetary tightening of 2022. In particular, commercial real estate loans came under the spotlight due to declines in property value across US. The decline in commercial office values is due to high vacancies &ndash many US office workers are still not returning to office post-COVID. Notably, the paper postulated that up to 300 regional banks in US could fail in 2024. A US economy hard-landing, coupled with the current China&rsquo s economic slow-down, could be a recipe for disaster. Let&rsquo s not forget that when the Great Recession (sparked by US subprime mortgages) took place in 2008, China&rsquo s economy was largely insulated. If the world two largest economies were to sink into downturn at the same time, expect a Great Depression in 2024. With US Federal Reserve expecting to cut interest rates three times in 2024, sentiments are starting to turn bearish for DBS Group Holdings. In fact, the first trading week of 2024 saw DBS Group Holdings share price in sluggish form as the counter hovered around $33. However, it may be too early to dismiss the potential of DBS Group Holdings share price at this juncture as multiple factors come into play. Firstly, even though interest rate cuts should happen in 2024, the Singapore bank has &ldquo $105 billion of fixed rate assets that have yet to reprice this rate hike cycle&rdquo according to the transcript for DBS third-quarter 2023 results briefing. This is a substantial amount that could be a strong catalyst for DBS Group. Secondly, the consolidation of Citi Taiwan brought DBS Group to another whole new level with the addition of $10 billion worth of loans and $12 billion of deposits. It also boosted DBS Taiwan&rsquo s credit card accounts by five times to over 3 million and tripled investment assets under management to over $12 billion. Notably, Citi Taiwan added 3 basis points to the Net Interest Margin (NIM). In years to come, Citi Taiwan should provide a strong support for DBS Group Holdings share price. Thirdly, though interest rate cuts may affect DBS Group Holdings&rsquo earning, the impact should be gradual as Singapore Overnight Rate Average (SORA) has replaced SIBOR. This is because unlike SIBOR, SORA is &ldquo backward looking&rdquo . Henceforth, there is a &ldquo lagging effect&rdquo before the positive impact from the interest rate hikes kicks in. With 5-year beta of 1.34, DBS Group Holdings share price is surely volatile. Nonetheless, it is possible to make money out of the volatility of DBS Group Holdings share price provided you set the right entry price. Based on the trend of the past 3 years, it seems that the support level for DBS Group Holdings share price should be around $30. In this article, I will weigh in on the outlook for DBS Group Holdings share price in 2024. Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. Furthermore, I am not vested and have never invested in DBS Group Holdings share before. Whether DBS Group Holdings share price will surge or collapse has no impact on me. Thus, this article is not meant to induce readers to make any form of investment decisions. |
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