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3 BIG Spore banks ....:))
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Goldfinger
Supreme |
13-Jul-2023 11:39
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Looking forward to Big Fat National Day Dividend Positive Surprises. NIM should continue to be elevated.
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Echoes
Senior |
13-Jul-2023 11:33
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2nd Qtr Results UOB 27 Jul DBS 3 Aug OCBC 4 Aug Before market opens . |
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FATABA
Supreme |
13-Jul-2023 10:34
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Time and again , weeks before result season ......bad news about the banks/ bad loans , Property crash / default loans etc. WHen it is push down ......BB funds came in to accumulate ....waiting for the large mid year result . Result first wk of Aug. May even have a surprise higher payout if all goes well DYODD Happy investing. |
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FATABA
Supreme |
13-Jul-2023 08:34
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DBS to sell 77.8% of AXS by Aug 2023 ....wonder what is the nett gain ? Just keeping 9.9% balance . LOL still on the board . Dyodd |
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Echoes
Senior |
10-Jul-2023 11:52
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UOB results 27 Jul OCBC results 4 Aug DBS yet to announce last I checked Same here , I expect Q2 results to be equally impressive compared to Q1 . However , I dont think Feds rate hike ( if it happens end July ) will have significant impact going forward . SInce the beginning of 2023 , both DBS and UOB has lost around 10% of its share price whereas OCBC has held steady . I think all 3 will have some run ups until the results announcement before falling back again after XD . Added some DBS in the last 2 weeks . Happy investing .
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FATABA
Supreme |
10-Jul-2023 11:12
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Banking results is expected aro first week of Aug. Recently our 3 banks was also hit due to overall market condition globally and weaken Chinese mkt. However it might be an opportunity to accumulate for Q2 /1H result :- 1. All 3 banks are giving out good dividend in the region of 5% per annual . May even have a surprise better half yr dividend ? 2. Result of Q1 are good , Q2 dont seem to see any special weakening ( some loan drop but might be cover by AUM growth ) I do expect a strong 1H esp for OCBC ( my view) 3. FED is rising rate again ( even qtr point ) which again is good for our banks .....I doubt this is fully price in yet. ( dont dream of interest rate cut this year...inflation monster is still at door step ) So might see some REbound of our 3 banks .? Happy investing. |
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mav1ryan
Veteran |
13-Jun-2023 13:37
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What does this means? Wait for DBS to drop ? | ||||
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CheeryVGoh
Supreme |
13-Jun-2023 13:16
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Citi reinstates coverage on DBS with ' sell' call and target price of $26.60 Felicia TanMon, Jun 12, 2023 &bull 06:06 PM GMT+08 &bull 19 hours ago &bull 3 min read
 Citi Research analyst Tan Yong Hong has resumed coverage on DBS Group Bank D05 -1.34% after a period of restriction since January.
In his report dated June 10, Tan rated DBS with a " sell" call and a target price of $26.60. His target price is based on his FY2023 &ndash FY2024 P/B of 1.12x. Tan&rsquo s " sell" call comes on the back of risks to the bank' s net interest income (NII) as its average interest earning assets (AIEA) could fall below the consensus estimate of $653 billion for FY2023, which is up by 5% y-o-y. In the 1QFY2023 ended March 31, DBS' s AIEA stood at $617 billion, down 4% q-o-q. Loan growth risk is another downside factor for Tan as he sees the bank&rsquo s loans from Greater China (making up about 30% of the bank&rsquo s total loans) remaining soft with onshore lending rates still low. Finally, DBS' s superior return on equity (ROE) to its peers could narrow on higher taxes and provisions as well as a reversal in a $5.2 billion swing in fair-value reserves, which lifted the bank&rsquo s FY2022 ROE by 67 basis points (bps). In spite of the negatives, the analyst has recognised DBS&rsquo s early digital transformation and its focus on shareholder returns. That said, he is proposing investors conduct a &ldquo pair trade&rdquo between DBS and Oversea-Chinese Banking Corporation (OCBC) O39 -0.89% , with investors underweighting DBS and overweighting OCBC. &ldquo OCBC' s earnings have [a] lower risk. Its 1QFY2023 AIEA was closer to FY2023 cons and its Greater China loans are a smaller share of the total,&rdquo says Tan. He adds: &ldquo OCBC could positively surprise on [its] 1HFY2023 dividend per share (DPS), based on a 50% payout ratio plan and targeted 14% common equity tier 1 (CET-1) ratio plus ongoing risk-weighted assets (RWA) optimisation.&rdquo With its share price trading at below 1x P/B, OCBC offers valuation support, in Tan' s view. That said, Tan is also remaining &ldquo neutral&rdquo on OCBC with a higher target price of $12.50 from $12.20 previously. &ldquo In a global downturn or recession, Singapore suffers given its large exposure to developed markets. DBS and OCBC tend to suffer and lose any premium over 1x P/B,&rdquo he writes. &ldquo In the past two downcycles, DBS / OCBC valuations fell to 0.8x P/B. With OCBC currently trading below [its] book value, we believe it has downside support. Our economists forecast a US recession in 4Q2023-1Q2024,&rdquo he adds. Shares in DBS and OCBC closed at $31.25 and $12.38 respectively on June 12. |
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FATABA
Supreme |
05-Jun-2023 11:10
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SOUTH-EAST Asia&rsquo s financial sector looks set to give the green light for the financing of early coal phase-out projects. But the ability of Singapore&rsquo s three banks to pursue such deals lies in a grey area due to their self-imposed coal policies. DBS : D05 +1.54%, OCBC : O39 +0.57% and UOB : U11 +0.43% had publicly committed to cease funding for coal-fired power plants in 2019, amid growing international pressure on banks to help curb global warming by cutting financing for fossil fuels. The industry&rsquo s approach towards coal has softened somewhat since then, with regional regulators and industry standard-setters now making accommodations for coal phase-out &ndash the early retirement of existing coal power plants. |
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john_ric
Supreme |
12-May-2023 18:58
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Good feast also must come to an end. It cant be on the up trend forever. If you buy now the upside is limited, if any. If it trends down those who are still empty handed will benefit.
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FATABA
Supreme |
12-May-2023 16:59
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Our 3 banks are badly hit ....esp DBS n UOB Looking at its yield and recent result .....show our banks are solid ( good earning ) in fact having record Q1. Wld they suddenly collapse over next 3 Q ? PLS DYODD and decide where our banks are heading for 2023......good luck |
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Echoes
Senior |
11-May-2023 13:58
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Agree . The US banking crisis , debt ceiling , looming recession in US and Europe , slowing Western demands , and " slower than expected" China reopening simply overwhelmed the stellar performance of these 3 bros .
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RL16EGG
Veteran |
11-May-2023 12:18
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Financial metrics for the 3 banking bros have been excellent. Problem is the future due to many headwinds. This probably accounts why their share prices are trending downwards. Take a look the website. Net institutional buy is trending negative. A lot of downsides due poor market sentiment, not just for these 3 bros. OCBC Stock Info (SGX:O39) | SG investors.io
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FATABA
Supreme |
11-May-2023 11:55
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The completion of United Overseas Bank&rsquo s (UOB) U11 -0.85% acquisition of Citi&rsquo s consumer banking businesses in Malaysia, Thailand and Vietnam has brought the bank&rsquo s regional retail customer count to over seven million as at March 31. When it completes its acquisition of Citi&rsquo s consumer business in Indonesia, the bank&rsquo s customer count will have close to eight million customers, says UOB. &ldquo Our transformative decision to acquire Citigroup&rsquo s consumer businesses in four Asean markets during the pandemic has proven to be very timely, positioning us well as consumer spending returns with a vengeance,&rdquo says Jacquelyn Tan, head of group personal financial services at UOB. The four markets are also expected to provide an additional $1 billion to UOB&rsquo s revenue on a full-year basis in addition to building stronger resilience with diversification in its geographical and revenue mix. Prior to the acquisition, 70% of UOB&rsquo s portfolio was in Singapore versus 30% in the region. After the acquisition, UOB&rsquo s Singapore portfolio is now at 60% compared to the region&rsquo s 40%. In the 1QFY2023 ended March, UOB saw its net credit card fees almost doubling y-o-y with Citi&rsquo s portfolio contributing a quarter to the amount. Loans and deposits grew by almost 10% and 15% y-o-y in the 1QFY2023 as well following the acquisition. |
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Echoes
Senior |
10-May-2023 11:15
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Yes the eye opener is the ROE of 14.7% and the annualised EPS of $1.68 . At this EPS and current price of $12.40 , its PE ratio only 7.4 times (!) . If we see another $1.88b profit for 2nd qtr , and based on a 50% payout ratio , the interim dividen come Aug will amount to 42 cts . High chance that they are able to maintain the 40 cents dividen come August barrring any unforseen circumstances . I attended their AGM last month and both Chairman and CEO sounded positive and confident with the usual caveat on the broader global economic outlook . Pls DYODD .
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FATABA
Supreme |
10-May-2023 10:33
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&ldquo We are pleased to achieve a record quarter on the back of a strong operating performance. Total income reached a new high and expenses were well controlled, while we maintained prudent levels of allowances. Our loan portfolio was resilient and our wealth management business continued to attract net new money inflows. These reflected the strength of our diversified franchise and contributed to a strong uplift in our return on equity,&rdquo says OCBC&rsquo s group CEO Helen Wong. &ldquo Looking ahead, we are watchful of tighter financial conditions which may slow global economic growth and elevate overall risks,&rdquo she adds. &ldquo We remain confident of the long-term prospects of our key markets in Asia. Our capital position is strong and our liquidity positions are healthy. These provide ample buffer for uncertainties and allows us to pursue growth opportunities as they arise.&rdquo CEO Helen statement ....OCBC is the ONLY bank that did not do any major buy up when DBS n UOB did last year. Currently its has build up a good amt of capital ....what next ? Dyodd Happy investing. |
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FATABA
Supreme |
10-May-2023 10:25
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Another record set of earnings EVEN when GE is below expectation ....It did demonstrate Helen control on cost n pushing into area of growth ....AUM $270B ( this is great) NET profit $1.88B (wow) ROE 14.7% Envy of many banks Oversea-Chinese Banking Corporation (OCBC) O39 1.14% has reported record net profit (or earnings) of $1.88 billion for the 1QFY2023 ended March 31, 39% higher y-o-y and 44% higher q-o-q. Earnings per share (EPS) rose by 38.8% y-o-y to $1.68 on a fully diluted basis. The quarterly performance was supported by OCBC&rsquo s diversified income streams across banking, wealth management and insurance. That said, the bank has also set aside total allowances of $110 million during the quarter, which is 150% up from the $44 million that was set aside in the 1QFY2022. The surge was mainly due to the higher allowances set aside for non-impaired assets. On a q-o-q basis, total allowances fell by 65%. |
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FATABA
Supreme |
03-May-2023 10:11
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All 3 banks under attack .....again I guess retail is selling off for the bb to accumulate. UOB n esp DBS ( after a great set of Q1 ressult plus 42c dividend) ...still drop . Thks, opportunity to accumulate ....DYODD |
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FATABA
Supreme |
02-May-2023 17:18
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All 3 banks share closed up . DBS again offer a great set of result , set up for a $10B net profit 2023. Dividend might be up from 2nd H or another special dividend. ALL 3 banks hv a high tier one capital which allow them to offer higher dividend. Honestly ( barring any global issue ....not US bank issue which wld not affect Sg much honestly as MAS has set very high conservative bar ) I expect good year for SG banks due to the following 1. Potential of higher dividend or another special dividend 2. High ROE ..which again can point to record profit 3. Many has concern on the housing loan side ....BUT recent pro launch still came in w record demand. Do you think it will cool down much . ( doubt loans will be much affected . As long as our jobs are still aro , loan will be fine ) 4. Could see another year for AUM funds esp from Tw n HK ( even mainland CHINA ) certainly will choose Singapore over any country in Asia ( even Swiss now due the Russian war in Ukraine) 5. Great growth potential for Asean , esp Vietnam and Indonesia Hope all 3 banks might hit their record high this year. ( STI going 3500 ) .....DYODD Happy investing. |
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FATABA
Supreme |
02-May-2023 10:25
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In Singapore, UOB reported better-than-expected results earnings jumped 74%. But the market was disappointed because net interest margins declined QoQ. The margin decline was really the bank shoring up liquidity. The CASA ratio had in fact risen marginally to 47.9%. Another dampener for the market was property cooling measures. After all the dire predictions the recent Blossoms by the Park sold over 70% over the weekend. There were 745 cheques or bookings for the available 275 units. The cooling measures do not affect first time home buyers, and the resilient demand comes from the annual 20-25k household formations, increased migration and attractive HDB grants. Do you really think current pro measure will dampen the banks earning ? ( it is only a small small %) Look at the nm of cheques for JUST one property ? More so DBS result speak vol on Q1 earnings for all 3 banks DYODD |
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