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3 BIG Spore banks ....:)) Post Reply Rate topic
Echoes Senior	16-Nov-2023 22:02        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://links.sgx.com/FileOpen/OCBC-Annc_Proposed_acquisition_ofPTBC_16112023.ashx?App=Announcement& FileID=778375 There were subtle hints since last year that there may be some aquisitions in Indonesia as one way use of its ample liquidity . But the aquisition consideration of 100+ million is peanuts actually  plus the announcement is made during todays lunch break means that it should not have any significant material impact in its books .  But still, its better than have the cash sitting around ,  FATABA      ( Date: 16-Nov-2023 17:14) Posted: wow OCBC proposed acquistion of 99% in PT bank Commonwealth .......$300+m another good move since the arrival of this foreign talent .....OCBC is growing from strength to strength ....breaking $13 and moving to $14 w a record 2023 .  DYODD
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FATABA Supreme	16-Nov-2023 17:14        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	wow OCBC proposed acquistion of 99% in PT bank Commonwealth .......$300+m another good move since the arrival of this foreign talent .....OCBC is growing from strength to strength ....breaking $13 and moving to $14 w a record 2023 .  DYODD
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FATABA Supreme	06-Nov-2023 13:02        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	oh also note that the integration cost of Tw is included into this Q3 result . Also  exposure to money laundering is $100m povision etc is more than enough  CEo also mentioned that management changes in IT n several steps to handle recent disruption .  I guess MOST important for investor is that the financial is STILL powering all the way into 2024 w longer and higher interest  DYODD Happy investing. FATABA      ( Date: 06-Nov-2023 08:53) Posted: Wow another good set of results ( expected.) ..48c dividend.  NOTE DBS will cross $10B nett profit this year ....a new record for any local bank  DYODD
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uiop1223 Supreme	06-Nov-2023 12:51        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS exposure to money laundering is $100m
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Echoes Senior	06-Nov-2023 10:19        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes profit is in line with analyst estimates in fact if we extrapolate from its 9 month results profit should hit 10.5b for FY 2023 . I have given my estimations on the final dividen in the DBS thread donno why I am unable to copy and paste here too lazy to re-type all over again .
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FATABA Supreme	06-Nov-2023 08:53        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Wow another good set of results ( expected.) ..48c dividend.  NOTE DBS will cross $10B nett profit this year ....a new record for any local bank  DYODD
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Echoes Senior	03-Nov-2023 10:51        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha yes STI woke up a week late but as they say better late than never . They say that the colour GREEN  is good for your eyes and at the time of writing its a sea of green everywhere you look . All 3 big boys notched healthy gains and none more deserving than UOB which was much oversold since its results announcement . One swallow does not make a summer whether this turns outs to be a flash in the pan or the beginning of a traditional Christmas rally , we shall see .  FATABA      ( Date: 03-Nov-2023 10:36) Posted: STI woke up w close to 60pts rise on a Friday ....wow  The 3 banks powered the STI rise ....BB accumulation over the drop of STI below 3100 ....are their gain . Mon DBS result will tell more. DYODD Echoes      ( Date: 02-Nov-2023 16:05) Posted: Not sure why ST Index is still sleepy despite a mini rally in US and rest of the world in the past few days . Its hovering near 52 week low . The three big boys has also seen some minor selling except for OCBC . Mr Market didnt seem impressed with UOB results and DBS performance may be due to its tech issue and MAS so called  " punishment  " . In any case , I dont see much issues for all three and lets see what happens when DBS and OCBC report next week .
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FATABA Supreme	03-Nov-2023 10:36        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	STI woke up w close to 60pts rise on a Friday ....wow  The 3 banks powered the STI rise ....BB accumulation over the drop of STI below 3100 ....are their gain . Mon DBS result will tell more. DYODD Echoes      ( Date: 02-Nov-2023 16:05) Posted: Not sure why ST Index is still sleepy despite a mini rally in US and rest of the world in the past few days . Its hovering near 52 week low . The three big boys has also seen some minor selling except for OCBC . Mr Market didnt seem impressed with UOB results and DBS performance may be due to its tech issue and MAS so called  " punishment  " . In any case , I dont see much issues for all three and lets see what happens when DBS and OCBC report next week .
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FATABA Supreme	02-Nov-2023 16:54        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I guess those BB need to push it down to accumulate ...lol  Anyway , end 2023 , all 3 banks are already known to be doing well ...> NOTE interest is still HIGH as the last qtr ....and did not drop ...so ? pls DYODD  Happy investing.  Echoes      ( Date: 02-Nov-2023 16:05) Posted: Not sure why ST Index is still sleepy despite a mini rally in US and rest of the world in the past few days . Its hovering near 52 week low . The three big boys has also seen some minor selling except for OCBC . Mr Market didnt seem impressed with UOB results and DBS performance may be due to its tech issue and MAS so called  " punishment  " . In any case , I dont see much issues for all three and lets see what happens when DBS and OCBC report next week .
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Echoes Senior	02-Nov-2023 16:05        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not sure why ST Index is still sleepy despite a mini rally in US and rest of the world in the past few days . Its hovering near 52 week low . The three big boys has also seen some minor selling except for OCBC . Mr Market didnt seem impressed with UOB results and DBS performance may be due to its tech issue and MAS so called  " punishment  " . In any case , I dont see much issues for all three and lets see what happens when DBS and OCBC report next week .
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FATABA Supreme	02-Nov-2023 10:04        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Cant help but seriously laugh at MAS so call punishment for DBS......6 mth ban ......is this going to affect DBS at all .....is there a planned takeover in the  next 6mths .  More so , it is the $80M ( if not wrong ) DBS has put aside for handling this as reported in some Chinese newspaper .  Honestly this is really too small a sum to affect DBS bottomline.  Monday is DBS q3 result .....i doubt this will discontinue its path to be a $10B company in 2023.    DYODD Happy investing.
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CheeryVGoh Supreme	26-Oct-2023 14:53        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	CIMB Target Price dated 26/10 : $33.30
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CheeryVGoh Supreme	26-Oct-2023 14:32        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	United Overseas Bank (UOB) has reported a core net profit of $1.48 billion for the 3QFY2023 ended Sept 30, 5% higher y-o-y but 2% lower on a q-o-q basis. The higher y-o-y earnings was due to strong income growth from higher net fee income and net interest income (NII) This brings the bank&rsquo s 9MFY2023 core net profit to $4.56 billion, 33% higher y-o-y. Including the one-off integration expenses, UOB&rsquo s net profit stood at $1.38 billion for the 3QFY2023 and at $4.31 billion for the 9MFY2023. FATABA      ( Date: 26-Oct-2023 09:42) Posted: At 1.5b a qtr.....UOB wld be a 6B profit company end 2023/ dyodd global issue outweight all markets ....high interest , strong use and now 2 major war ......many less well managed countries are already showing cracks.  ( see the M$ going 3.5 as predicted .....not ending soon )    So count ourselve very lucky to be living here w a super strong dollar and still so well managed.  Happy investing.  Echoes      ( Date: 26-Oct-2023 09:33) Posted: UOB results - Profit of 1.5b for Q3 is in line with analysts expectations but Mr Market does not seem to be impressed .  At time of writing , its share price is down 1% whereas its two other siblings DBS and OCBC is up 0.5% .
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FATABA Supreme	26-Oct-2023 10:31        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	wow market is not happy w this set of result ?  or capitalising on it to push down ( accumulate. )  Time will tell  Dyodd FATABA      ( Date: 26-Oct-2023 09:42) Posted: At 1.5b a qtr.....UOB wld be a 6B profit company end 2023/ dyodd global issue outweight all markets ....high interest , strong use and now 2 major war ......many less well managed countries are already showing cracks.  ( see the M$ going 3.5 as predicted .....not ending soon )    So count ourselve very lucky to be living here w a super strong dollar and still so well managed.  Happy investing.  Echoes      ( Date: 26-Oct-2023 09:33) Posted: UOB results - Profit of 1.5b for Q3 is in line with analysts expectations but Mr Market does not seem to be impressed .  At time of writing , its share price is down 1% whereas its two other siblings DBS and OCBC is up 0.5% .
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FATABA Supreme	26-Oct-2023 09:42        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	At 1.5b a qtr.....UOB wld be a 6B profit company end 2023/ dyodd global issue outweight all markets ....high interest , strong use and now 2 major war ......many less well managed countries are already showing cracks.  ( see the M$ going 3.5 as predicted .....not ending soon )    So count ourselve very lucky to be living here w a super strong dollar and still so well managed.  Happy investing.  Echoes      ( Date: 26-Oct-2023 09:33) Posted: UOB results - Profit of 1.5b for Q3 is in line with analysts expectations but Mr Market does not seem to be impressed .  At time of writing , its share price is down 1% whereas its two other siblings DBS and OCBC is up 0.5% .
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Echoes Senior	26-Oct-2023 09:33        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOB results - Profit of 1.5b for Q3 is in line with analysts expectations but Mr Market does not seem to be impressed .  At time of writing , its share price is down 1% whereas its two other siblings DBS and OCBC is up 0.5% .
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FATABA Supreme	20-Oct-2023 10:28        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I just feel UOB might be slightly better as this round more of the Citi region business could be included.  OCBC is given w their strong GZ growth and BOS DBS might be surprise ....at worst wld be flat.  Anyway , let see    Dyodd Echoes      ( Date: 20-Oct-2023 10:02) Posted: Expectations from CIMB Research : UOB  -  1.53b  ( +2% qoq +9% yoy ) DBS  -    2.63b  ( -2% qoq +17% yoy ) OCBC -  1.78b ( +4% qoq +11% yoy )  A little bit higher than Maybank Research . Full report here : https://sginvestors.io/analysts/research/2023/10/singapore-banks-3q23-earnings-forecast-cgs-cimb-research-2023-10-17
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Echoes Senior	20-Oct-2023 10:02        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Expectations from CIMB Research : UOB  -  1.53b  ( +2% qoq +9% yoy ) DBS  -    2.63b  ( -2% qoq +17% yoy ) OCBC -  1.78b ( +4% qoq +11% yoy )  A little bit higher than Maybank Research . Full report here : https://sginvestors.io/analysts/research/2023/10/singapore-banks-3q23-earnings-forecast-cgs-cimb-research-2023-10-17
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pkli899 Supreme	18-Oct-2023 15:39        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Further to my post earlier, there is still this Basel IV (aka Basel III Final Reforms) implementation, which is seen as having positive impact on local banks capital ratios. Although, there were articles mentioned it' s not favourable for DBS & UOB, DBS CEO however, said during previous AGM that there will be excess capital once Basel IV kicks in, progresssively from 1st Jul 24 thru 2029. OCBC alone will have about 48c per share of excess capitaI. I heard DBS is in excess of one dollar. Again, I may be totally wrong. If I' m right, these money can be returned in the form of once off special dividend or add on to the normal qtrly payout, in the case of DBS.  That' s why I keep searching high and low for $$ to buy more DBS.
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pkli899 Supreme	18-Oct-2023 14:53        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Personally, I think 3rd Qtr results will be near to, if not better than 2nd Qtr. Don' t forget all 3 (with their respective acquisitions) are still in expanding mode (inorganic growth), despite unfavourable local conditions. This is because returns from local business are diminishing proportionally as all 3 expanded overseas. Take DBS for example, India Indonesia Greater China/Taiwan, alll are contributing more and more to it' s profit. Of course local business still can grow but at much slower pace, that' s all.  With that in mind, I would think 4th Qtr (usually strongest) results may even be a surprise to all. Having said, I may be totally wrong. Don' t scold me please.....haha.
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