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3 BIG Spore banks ....:))
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Echoes
Senior |
18-Oct-2023 13:22
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RHB stays ' neutral' on top pick OCBC ahead of 3QFY2023 resultshttps://www.theedgesingapore.com/capital/brokers-calls/rhb-stays-neutral-top-pick-ocbc-ahead-3qfy2023-results |
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FATABA
Supreme |
16-Oct-2023 10:35
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Have not written on this forum for some time .....thanks for the update on Q3, I think ALL 3 banks will have a relatively good Q3. ....BUT 1. My biggest worry is the current middle east war......THIS could and might blown up into a much larger mid east and even global crisis. ( when race and religion are concern .....I doubt it can be resolved or anyone wld really ' WIN" ) Oil price will rocket . 2. Interest rate at record high will put many business in much more difficult situation into 2024. Spore is very lucky that our government is shielding much of this impact ....( if you just compare to many of our neighbors) 3. Many companies loans repayment might surface w this high interest environment ...and banks bad loan will grow. ( HOPE not ) So I am really concern EVEN if Q3 results are good.....how many more Qtrs will it be up ? DYODD please ......good luck
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Echoes
Senior |
16-Oct-2023 10:11
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Maybank Research' s expectation for Q3 earnings : UOB - 1.3b to 1.4b ( 2Q23 - 1.5b) DBS - 2.4b to 2.5b ( 2Q23 - 2.7b ) OCBC - 1.6b to 1.7b ( 2Q23 - 1.7b ) Just a tad lower than Q2 . Full report here : https://sginvestors.io/analysts/research/2023/10/singapore-banks-maybank-research-2023-10-12 |
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Alignment
Elite |
14-Oct-2023 10:31
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Outlook for the big three Sing banks so good with both base rates and term premiums rapidly rising and staying at highs. | ||||
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tth1311
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13-Oct-2023 15:28
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Needs to take Q number before can be served | ||||
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sinpacent
Member |
13-Oct-2023 15:26
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Hope it?s better than forecast 🤞 🏻
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Echoes
Senior |
13-Oct-2023 13:58
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Q3 results announcement : UOB Thurs 26 Oct 23 DBS Mon 6 Nov 23 OCBC Fri 10 Nov 23 Before market opens . With no black swan events in the last 3 months , all should continue to report bumper profits for Q3 . |
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FATABA
Supreme |
11-Aug-2023 17:20
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DBS COMMITS UP TO SGD 1 BILLION OVER NEXT 10 YEARS TO STEP UP SUPPORT FOR VULNERABLE COMMUNITIES AND CATALYSE SOCIAL IMPACT *** Augments existing community initiatives by the bank and DBS Foundation first SGD 100 million to be deployed with effect from 2024 *** Bank&rsquo s employees will contribute over 1.5 million employee volunteer hours Wow truly a community supporting bank for Singapore and Singaporeans. Well done |
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RL16EGG
Veteran |
04-Aug-2023 14:01
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haha right. Just want to point out ocbc has price surge potential, 14$ should be ok, all goes well.
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FATABA
Supreme |
04-Aug-2023 13:41
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Certainly when coming to FA, there are many parameters to look at For banking I prefer to look at PB ratio too . ( nothing wrong abt PE if u like ) Whatever, it is to each liking etc. Just ensure we all make $$ haha Dyodd
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RL16EGG
Veteran |
04-Aug-2023 12:52
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For FY2023 it is also good to look at: PE standpoint Assume EPS holds at 1.59, stock price 14.5 giving pe abt 9.1 Attractive bo ? OCBC eps should be expected to do much better. DIV standpoint Assume yield 6%, stock price 14.5 giving dividend 0.87. Good dividend ? 40c declared, another 47c should not be far off har ? Barring a disaster, the banking bros are in for a bumper year. |
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FATABA
Supreme |
04-Aug-2023 11:45
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OCBC&rsquo s (BUY, S$14.96) 2Q2023 results were slightly below expectations with net profit of S$1.71bn vs consensus estimate of S$1.75bn. It came from lower than expected fee income of S$430mn (-10% YoY) and higher allowances of S$252mn (+248% YoY) mainly due to higher allowances set aside for non-impaired assets. Nonetheless, net interest income grew 40% YoY to S$2.34bn on the back of net interest margin growth to 2.26% (+55bps YoY). Non-interest income grew 11% YoY to S$1.07bn, mainly from net gains from the sale of investment securities and higher profit from insurance (+26% YoY), partly offset by lower fee and trading income. FY23 interim dividend is up 43% YoY to 40 cents. More details to follow after 9.15am analyst call. LOL so what if it didnt exceed their expectations by that o.o4b .....whereas CEO has triple the allowance which is a more prudent move . All you know at yr end , and if all is not use , it can be put back ...lol at 40x2 80c a yr divided payout , OCBC is paying 6.15% yield ...highest among the 3 big banks DYODD |
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FATABA
Supreme |
04-Aug-2023 11:37
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Thanks for your dividend yield update ...all are above 5% and if prices correct more, above 6+% is possible. UOB or DBS note to offer a special dividend end or year ...so this is not taken into account . W DBS crossing 10B and OCBC over 7B+ , I am not surprise OCBC 2H full yr might or can be higher ( at 50% payout) or even a small special dividend Also looking into their T1 capital , I think OCBC is really getting close to pulling GE private ( alrdy hv over 88% shares) This wld be a great catalyst and use of capital .....let see DYODD Happy investing.
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Echoes
Senior |
04-Aug-2023 11:09
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Haha I half supect now that OCBC has commited to give 50% payout ratio , they are reserving some bullets for the final dividen . It is more presentable for the final dividen to be more or at least equal to the interim so allow for more provisions now .
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Echoes
Senior |
04-Aug-2023 11:02
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OK since all 3 boys has reported 1st half results lets take a look on their respective div yields . For simplicity , I will use yesterdays approximate closing price of 34 for DBS , 30 for UOB and 13 for OCBC . The annualised yields will simply be multiplied by 2 . UOB - 85cts / $30 = 2.83% annualised = 5.66% OCBC - 40cts / $13 = 3.08% annualised = 6.16% Both UOB and OCBC gave a payout ratio of 50% profits . For DBS ( 42+48=90) , the payout ratio is 44% Div yield = 90 / 34 = 2.65% annualised = 5.3% Had DBS utilised a payout ratio of 50% instead of 44% , then the 1st half div would have been $1.02 div yield = 3% , annualised 6% . I am confident that DBS will make up this shortfall in the final dividens stage . Summary :- DBS 6% , UOB 5.3% , OCBC 6.16% based on yesterdays closing prices and annualised . |
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FATABA
Supreme |
04-Aug-2023 10:20
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Oh not forgetting OCBC has triple its loan allowrances to $252M ....so analysts who have argue OCBC didnt exceed their expection (ave 1,75b and oCBC hit 1.71 .....did they expect allowances to be triple ? DYODD
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FATABA
Supreme |
04-Aug-2023 08:40
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OCBC Group Half Year 2023 Net Profit Rose 38% to a Record S$3.59 billion Interim dividend raised to 40 cents, up 43% from 28 cents a year ago WOW another set of sparkling result from OCBC. Note again the high ROE of 14+% crossing $7B for 2023 ? ( DBS is aiming for $10B ) ....certainly OCBC wld be a fund target Yield is a cool 6% even at 13.20 Happy investing. DYODD |
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FATABA
Supreme |
03-Aug-2023 11:03
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Both DBS and UOB are giving out good dividend. DBS might be conservative ( even at 90c now) as I think CEO is keeping something for end 2023 w a record $10B profit ....a special dividend of 10c or more. GE ( OCBC arm ) have already announced 35c dividend and assure nex half wld not be lower or equal ...meaning min 70c . This is already an increase fm normal 10+55 . OCBC cld be giving 40c which is also my guess. DYODD Happy investing.
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Echoes
Senior |
03-Aug-2023 10:29
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I have mentioned in the DBS thread that the 1st half dividen of 90 cts ( 42 + 48 ) represents a payout ratio of only 44% . If DBS had paid 50% the 1st half dividens would have worked out to be $1.02 . UOB paid 85 cts with a 50% payout ratio . All eyes on OCBC tomorrow . 38 cents and below is a dissapointment 40 cents is fair / expected 42 cents and above is good news .
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FATABA
Supreme |
03-Aug-2023 10:15
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as expected, DBS post a RECORD first half ....just have to note 2 important points beside its dividend ... 1) 1H profit rise 45% to $5.26B ....this is more than half of the $10B company for 2023. 2.) Note CEO pointing out ROE 19% ... got this high ROE could be envy of all other banks Dividend 1H up to 90c ....so x2 and at $34 yield is a good 5.3% However if you wish to take 48x4 yield goes up to 5.65% ( @$34 ) Funds will be like bees to honey ....lol DYODD happy investing. |
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