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Fiat500 Veteran	15-Jan-2022 15:51        Fiat500 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What's your advise now? Banks have gone up another 20%, now is to sell or hold on to all to wait for 4Q results ? Adrianinsing      ( Date: 12-Jan-2022 15:20) Posted: Singapore bank rally fading  Gone up too far too fast - usual story  Time to exit and redeploy  Even bank dividends can' t warrant this rally  tongphlp      ( Date: 12-Jan-2022 14:53) Posted: close to Donovan' s tgt of 5
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Lobster Elite	14-Jan-2022 21:09        Lobster About Contact  Quote this Post!   Yells: "Even Adam Khoo believes in the Black Market!"
x 0   x 0  Alert Admin	Results on 14 February....a lot of expectations we will be getting five cents more.... DBS has been breaking its ATH several tines already, UOB should be breaking its ATH of $31.37 once it smashed through the $30.00 barrier. OCBC' s $14.04 AHT will be under threat once it shows it doesn' t want to be left behind and be mocked at. Lobster      ( Date: 14-Jan-2022 14:40) Posted: At 2.30.... UOB on fire, $30 otw   DBS $35.830 +0.330 UOB $29.850 +0.67 OCBC Bank $12.300 +0.060 Lobster      ( Date: 14-Jan-2022 10:45) Posted: who' s the greater fool? Since this singing bugger, after he sold, has been desperately trying to talked down the mighty banks, as if he can move the market.... instead all three musketeers been moving up instead. today up again as of 10.45 am   DBS $35.81 +0.31 UOB $29.55 +0.37 OCBC Bank $12.28 +0.04
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Lobster Elite	14-Jan-2022 14:40        Lobster About Contact  Quote this Post!   Yells: "Even Adam Khoo believes in the Black Market!"
x 0   x 0  Alert Admin	At 2.30.... UOB on fire, $30 otw   DBS $35.830 +0.330 UOB $29.850 +0.67 OCBC Bank $12.300 +0.060 Lobster      ( Date: 14-Jan-2022 10:45) Posted: who' s the greater fool? Since this singing bugger, after he sold, has been desperately trying to talked down the mighty banks, as if he can move the market.... instead all three musketeers been moving up instead. today up again as of 10.45 am   DBS $35.81 +0.31 UOB $29.55 +0.37 OCBC Bank $12.28 +0.04     Adrianinsing      ( Date: 12-Jan-2022 15:33) Posted: There is always a bigger fool willing to chase the chasers ! My advice is sell like I did to that bigger fool !
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TA_Expert Supreme	14-Jan-2022 14:23        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Singapore is in a bull run. Monies are flowing in. STI is the best performer.    No more virus fear. GDP super! GST super! Inflation super Everything super!
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Goldfinger Supreme	14-Jan-2022 12:47        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank goodness we did not listen to this guru. Adrianinsing      ( Date: 12-Jan-2022 15:20) Posted: Singapore bank rally fading  Gone up too far too fast - usual story  Time to exit and redeploy  Even bank dividends can' t warrant this rally  tongphlp      ( Date: 12-Jan-2022 14:53) Posted: close to Donovan' s tgt of 5
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Lobster Elite	14-Jan-2022 10:45        Lobster About Contact  Quote this Post!   Yells: "Even Adam Khoo believes in the Black Market!"
x 0   x 0  Alert Admin	who' s the greater fool? Since this singing bugger, after he sold, has been desperately trying to talked down the mighty banks, as if he can move the market.... instead all three musketeers been moving up instead. today up again as of 10.45 am   DBS $35.81 +0.31 UOB $29.55 +0.37 OCBC Bank $12.28 +0.04     Adrianinsing      ( Date: 12-Jan-2022 15:33) Posted: There is always a bigger fool willing to chase the chasers ! My advice is sell like I did to that bigger fool !
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gslgsl Senior	13-Jan-2022 08:12        gslgsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS Bank India to enter credit card business  this year: MD  Prashant Joshi By Sesa sen|  Express News Service |Published: 27th August 2021 04:39 AM   NEW DELHI:  DBS Bank India Limited (DBIL), the wholly-owned subsidiary of DBS Bank of Singapore, is preparing to enter the country&rsquo s credit card market this year in a bid to grow the high-margin unsecured loan portfolio. The lender plans to cash in on the consumer credit that is likely to peak this festive season as second wave ebbs and economic activity gathers momentum. &ldquo DBS Bank already issues debit cards to digibank customers. Now, we have outlined a strategy for expansion into credit cards. By the end of 2021, DBS plans to launch a co-branded credit card along with Bajaj Finance and subsequently come with our proprietary card over a period of 2-3 quarters,&rdquo Prashant Joshi, Managing Director and Head - National Distribution, DBS Bank India told  The New Indian Express  in an exclusive chat. Over the next five years, the bank is looking to take loan mix towards 60:40 for consumer and SME as well as corporate, respectively. The balance sheet composition before the Lakshmi Vilas Bank (LVB) merger in November last year was 75% corporate, 25% SME and Consumer, while including LVB the composition is 53% and 47% respectively. &ldquo Our objective is to give revenue impetus in all the LVB branches which are largely spread in South India. LVB&rsquo s strengths were consumer businesses and SME,&rdquo he said.    Joshi expects the overall credit growth for the financial year ended March 2022 to be strong at about 20-25%, excluding the impact of the balance sheet merger. Gold loan, affordable housing loan and personal loan will be the main areas of growth. DBS, however, doesn&rsquo t intend to offer passenger vehicle financing organically at the moment. According to Joshi, there was a sharp slowdown in consumer spending seen in early April and through May was followed by a quick rebound in July and so far in August, trending well above 2019 levels. But for DBS, the two consecutive waves didn' t really have a significant impact because of a small consumer and SME loan book. " As we chart out our growth plan, Covid seems like a blessing in disguise as one has seen and learnt from what happened in possibly the worst kind of a credit slowdown. It will now allow us to tailor our credit programme and attract the right kind of customers," he said. According to the latest data from the Reserve Bank of India (RBI), credit card spending has increased to Rs. 62,746 crore in June - higher than the pre-pandemic levels - as restrictions on mobility and business have eased. Spending in the pre-Covid hit period of June 2019 stood at Rs. 56,928 crore, while post the first lockdown in March credit card spending dipped to Rs. 50,696 crore, the data showed. Currently, HDFC Bank is the largest credit card issuer with 14.8 million cards outstanding at the end of June, followed by SBI Card with 12 million and ICICI Bank with 11.03 million. Among global banks, four dominate the credit card space &mdash Citi, American Express, StanChart and HSBC. However, Citi&rsquo s decision to exit retail business in India and Amex being temporarily barred from issuing cards in India for their failure to meet data localisation norms prescribed by the Reserve Bank of India in April 2018 could reduce the share of foreign banks. As of March 2021, the foreign banks had a 10.7% market share in volume terms, down from 15.2% in March 2018. Local private and public peers, meanwhile, have increased their market share to 66% and 23.2% (from 63.2% and   21.6%) in these three years. Still, the penetration of credit cards remains low in the country accounting for just around 6.5% of the total cards. On the status of integration process with LVB, Joshi said that the organisational integration with LVB is done, while the tech platform integration will take another 15 months. LVB has Flexcube as its core banking platform, while DBS has Finacle 11. &ldquo Our immediate priority after the merger was to stabilise and assure both customers and staff about the safety of the bank. That&rsquo s because LVB was placed on a moratorium. Then, the focus was also on keeping the entire business running and we managed to do that reasonably well. We have grown the CASA franchise of the bank, retail term deposits were stabilised and we were able to maintain a large gold loan book despite falling prices,&rdquo Joshi added. Between December 2020 and June 2021, gold loans grew by 5%. Total outstanding of gold loans of the total loan book stands at Rs. 3,400 crore. Capital Adequacy Ratio stood at 15.13% as on June 30, 2021. Total deposits grew 44% to Rs. 51,501 crore (including Rs. 18,823 crore from LVB). Savings account balances rose 207%, and current account balances were up 98% year-on-year, including the growth on account of the merger. Overall CASA ratio improved to 31% from 19%. Gross NPA remained moderate at 1.83% for DBIL, excluding the LVB portfolio.   While gross NPA deteriorated to 12.93% after the amalgamation of LVB, the net NPA for the bank on a combined basis stands at 2.83%, given 84% provision coverage. &ldquo This combination of factors is an early indicator of the success of the current strategy,&rdquo Joshi said.
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Goldfinger Supreme	12-Jan-2022 23:34        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	The story driving this DBS include a return to real economy stocks, a strong and growing GDP for SG, ASEAN, India, East Asia, rising interest rates and possibly higher dividend payouts.  With all these in its favour, I would not bet against DBS hitting $40 and above. In this recovering market, anything is possible  Most global first class bank stocks pay pitifully weaker dividends.  That you should know.  And DBS is the best bank in the world, so they say, and a quasi FinTech in its own right.
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SteveLim Member	12-Jan-2022 17:50        SteveLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	May be DBS will give 40 cts dividend every qtr, so if $40, the yield is still 4 %
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Adrianinsing Elite	12-Jan-2022 15:33        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is always a bigger fool willing to chase the chasers ! My advice is sell like I did to that bigger fool !
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Adrianinsing Elite	12-Jan-2022 15:20        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore bank rally fading  Gone up too far too fast - usual story  Time to exit and redeploy  Even bank dividends can' t warrant this rally  tongphlp      ( Date: 12-Jan-2022 14:53) Posted: close to Donovan' s tgt of 50 SteveLim      ( Date: 12-Jan-2022 13:55) Posted: Ocbc analyst said DBS fair value $40 wor
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tongphlp Supreme	12-Jan-2022 14:53        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	close to Donovan' s tgt of 50 SteveLim      ( Date: 12-Jan-2022 13:55) Posted: Ocbc analyst said DBS fair value $40 wor
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SteveLim Member	12-Jan-2022 13:55        SteveLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ocbc analyst said DBS fair value $40 wor
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tongphlp Supreme	11-Jan-2022 15:02        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	50 :) Fiat500      ( Date: 11-Jan-2022 14:47) Posted: Too late now to chase DBS probably. How much more upside u reckon DBS will have? Is $40 a near possibility? I think OCBC has a lot of catching up to do but OCBC is always the slowest among the 3 banks. Let's see with this coming results if OCBC can break $13? tongphlp      ( Date: 11-Jan-2022 11:38) Posted: DYODD:  Institutions love DBS more than UOB or OCBC, as the latter two are viewed as family controlled by the Wees and Lees, respectively. But on fundamentals, UOB and OCBC have better ratios and better value than DBS. Well, like it or not, perception is important here. As they say (not I say one): if got money, buy all three.
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Fiat500 Veteran	11-Jan-2022 14:47        Fiat500 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Too late now to chase DBS probably. How much more upside u reckon DBS will have? Is $40 a near possibility? I think OCBC has a lot of catching up to do but OCBC is always the slowest among the 3 banks. Let's see with this coming results if OCBC can break $13? tongphlp      ( Date: 11-Jan-2022 11:38) Posted: DYODD:  Institutions love DBS more than UOB or OCBC, as the latter two are viewed as family controlled by the Wees and Lees, respectively. But on fundamentals, UOB and OCBC have better ratios and better value than DBS. Well, like it or not, perception is important here. As they say (not I say one): if got money, buy all three.
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tongphlp Supreme	11-Jan-2022 11:38        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	DYODD:  Institutions love DBS more than UOB or OCBC, as the latter two are viewed as family controlled by the Wees and Lees, respectively. But on fundamentals, UOB and OCBC have better ratios and better value than DBS. Well, like it or not, perception is important here. As they say (not I say one): if got money, buy all three.
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TA_Expert Supreme	10-Jan-2022 11:28        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	STI is so bullish since beginning of the year. All the monies are coming to Singapore now.
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jackass Member	10-Jan-2022 09:57        jackass About Contact  Quote this Post!
x 0   x 1  Alert Admin	ever since SEA ltd is included in msci Singapore index, many believed that Singapore banks share price will drop due to reduced market share  ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- but now look at this Keling bank of India, it' s share price keep going up - even the other banks such as UOB and OCBC can' t catch up CECA power! Sgvale      ( Date: 10-Jan-2022 09:40) Posted: Gunning for $40?
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Sgvale Supreme	10-Jan-2022 09:40        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gunning for $40?
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tongphlp Supreme	04-Jan-2022 13:18        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Make it a unforgettable Valentine' s day! :) DBS $50? gslgsl      ( Date: 04-Jan-2022 13:16) Posted: DBS full year results out on 14th Feb 22.
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