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3 BIG Spore banks ....:))
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RL16EGG
Veteran |
19-Jan-2024 21:16
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The 3 banking bros have been basically moving sideways perhaps underpinned by expected exceptional results. Unless there is bad news esp from usa, china and red sea, they are likely to surge. I hope the big boys can dump some first so that the smaller fish can eat before they push up haha |
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desmondxyz
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19-Jan-2024 17:33
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Result will still be good as the banks still earning big bucks from the high loan interest. But going forward the forecast will be less optimistic.
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FATABA
Supreme |
19-Jan-2024 17:24
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All 3 banks are giving their result aro middle of the week and BEFORE mkt opens .....can guess it is good ?  Dyodd
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Echoes
Senior |
19-Jan-2024 15:37
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Full year results announcement : DBS  Wed 7 Feb 2024 UOB  Thurs 22 Feb 2024  OCBC Wed 28 Feb 2024  All before market opens . Expect bumper profits , good dividens , but how Mr Market will react is a different ball game altogether .  |
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Echoes
Senior |
11-Jan-2024 11:33
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Ya...... One good thing  about bank stocks , since they more or less commit to 50% payout ratio , we can more or less know in advance how much we can receive as dividens .  Make our budgeting easier . 
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FATABA
Supreme |
11-Jan-2024 11:13
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Our numbers are relatively inline .....awaiting patiently for the outcome . Huat Huat Huat   
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Echoes
Senior |
11-Jan-2024 11:10
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DBS I would expect 50cts final plus 50 cts special for a total of $1 .  Should that take place , then total dividens for FY 23 is $2.38 total dividens payout 6.14b . That will be more than 50% payout ratio if profits is 10b . But , I think the profits will be more than 10b and since the bank has surplus liquidity which Gupta has previously mentioned will return to shareholders , a final of $1 dividen is very likely . OCBC does not have a history of paying special dividens and I do not expect them to pay this year . Still , I would expect the final dividen to be 40cts min , 42 cts likely , and 45 cts max . Paying 42 or 45 cts will exceed their committed payout ratio of 50% but then again , last financial year they paid out 53% , presumably due to ample liquidity as well .  UOB a bit harder to predict . They paid special dividen only once in recent years , and with Citi / Visa integrations this year , its hard to predict their profits . They paid put 85cts interim and I expect 90 to 95 cts for the final . If they dont pay that , I think the market will continue to sell down this counter .  One month later , we will know .  ![]()
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FATABA
Supreme |
11-Jan-2024 09:55
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It is time for the full year 2023 result season ....kicking off for the 3 banks w DBS on 7th Feb before market opens .  ( wow , before mkt opens and before CNY......should be good and potential of a special dividend is there )  Dbs can definately expect qtr 48c plus 40 to 50 special dividend ....which will still be within its 50% payout ratio if not wrong  ( not forgetting DBS wld hit $10B profit ....first Singapore bank to achieve this ...hmm )  OCBC 40c and possibility of a one time 20c special ? UOB ( hmm most interesting as its share price is depress below $29 for a long time ..) 85c plus 15 to 20c ? ( special is the $ frm Visa integration )  Recall just reading a big US house ..saying negatives on our banks ....lol whenever this happend\s..it is their chance to accumulate ( thanks to some retail )  DYODD ... Happy investing . Vested    |
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FATABA
Supreme |
05-Jan-2024 10:50
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Thanks, LOL I like your runway comparison.  Let hope it is Mt everest in 2024 . haha
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hokpin
Supreme |
05-Jan-2024 10:41
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Thanks for the good info, Bro!
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FATABA
Supreme |
05-Jan-2024 10:00
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I wld not be surprise coming dividend payout by UOB might include a special dividend .  ( if contribution frm visa buyover comes in nicely. )  DYODD
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Echoes
Senior |
30-Dec-2023 17:36
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UOB is not stingy . They paid out 50% of profits during the interim div in Aug 23 . Just that their profits were reduced by the one off Citibank  payment . OCBC also paid out 50% for interim and DBS paid 44% if I remembered correctly . So , plenty of gas left in DBS tank .
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Goldfinger
Supreme |
30-Dec-2023 15:53
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DBS and OCBC will swing up with big fat dividend hopes. UOB more stingy. Looking for good news soon. | ||||
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Echoes
Senior |
30-Dec-2023 15:12
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Correction - UOB dividen yield around 5.5% whereas DBS and OCBC around 6.5% .
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Echoes
Senior |
30-Dec-2023 15:08
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2023 Calender Year report card : STI - Started 2023  at  3251 pts , ended 3240 pts down 11 points or -0.34% over the entire year so flat it can be converted into Changi Airport' s 3rd runway . DBS - Started at $34 , ended $33.41  , - 0.59% . But if you include the $2.30 dividen received , total return is +5.03% . UOB - Started $30.89 , ended $28.45 , - 7.90% . Including dividen of $1.60 , total return is -2.7% . OCBC - Started $12.27 , ended $13 , +5.95% . Including dividen of $0.80 , total return is +12.47% .  Despite the record profits and solid dividens in 2023 , the share price performance are not particularly impressive , except for OCBC .  UOB profits are probably affected by payment for its Citibank aquisition however I feel that the fundamentals are still very strong and its share price will outperform DBS and OCBC ( in terms of % upside ) in 2024 . All 3 banks registered dividen yields of over 6% in 2023 . Take note that the above statistic is for CALENDER YEAR and not financial year which would have been more appropriate . Happy investing . |
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Goldfinger
Supreme |
29-Dec-2023 20:50
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SG a bit different from USA, as the rally can go from Christmas to New Year to Fund Managers returning with new positions to CNY to Budget.  This coming year Dragon Year some more. | ||||
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RL16EGG
Veteran |
29-Dec-2023 12:53
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If the 3 banks continue to rally, it means no chance to add more. I hope the big boys can sell some to me 12.21-12.15 lol Given so many headwinds, I remain hopeful :) Good luck and Happy New Year. |
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Echoes
Senior |
29-Dec-2023 11:38
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Santa rally has finally arrived ( or shall I say Capricorn effect ) and  what they lost in the past few weeks was clawed back in a matter of few trading days . Traditionally they will be on uptrend during Chinese New Year and with the next one in mid Feb 2024 , it coincides with their results release and Singapore Budget announcement . Perhaps it may be a healthy sign if there are some pullbacks or profit takings in Jan 24 they cant keep going up and up . In any case I do not trade so these price movements are just another form of entertainment .  ![]() Happy new year all .   |
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FATABA
Supreme |
29-Dec-2023 11:12
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Congratutions for all 3 banks holders/  DBS is closing near 33.50 UOB got in 28.60 and OCBC breaks the 13  Are there more legs to run into the New year. hehe....may see new year angpow . ? Happy investing and a Happy New Year to all  |
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FATABA
Supreme |
28-Dec-2023 14:08
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U hit the nail on the spot  Coming result wld be a good time for their final test ....and dividend payout .  Honestly I wld be surprise if DBS dont have a special dividend if earnings crosses $10B .  Time will tell  Happy investing .  Dyodd  
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