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3 BIG Spore banks ....:))
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FATABA
Supreme |
02-May-2023 10:22
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First-quarter net profit rises 43% to SGD 2.57 billion while return on equity increases to 18.6%, both at new highs, from higher net interest margin, sustained business momentum and resilient asset quality DBS Group&rsquo s net profit for first-quarter 2023 rose 43% from a year ago to a record SGD 2.57 billion. Return on equity increased to 18.6%, also a new high. Total income grew 34% to SGD 4.94 billion as net interest margin rose 66 basis points and business momentum was sustained. The cost-income ratio improved seven percentage points to 38%. Asset quality continued to be resilient with the NPL ratio at 1.1% and specific allowances at six basis points of loans. General allowances of SGD 99 million were taken as a prudent measure to strengthen GP reserves. Compared to the previous quarter, net profit was 10% higher. Total income rose 8% as net interest margin increased seven basis points, loans grew 1% and non-interest income was seasonally higher. Expenses declined 4% due to non-recurring items in the previous quarter. Profit before allowances grew 16% to SGD 3.05 billion. Total allowances were higher as there had been a general allowance write-back in the previous quarter |
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FATABA
Supreme |
02-May-2023 09:35
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DBS AGAIN set the high bar for banks .......good Q1 result n 42c dividend FULL YEAR ROE likely to be ABOVE 17% ...OMG , envy of all banks in the world . DYODD 2023 might be a new high price for DBS is econ do turn out better. Happy investing. ** ONE BIG hint NETT profit could hit $10B this year base on shorter Q1 result . |
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CheeryVGoh
Supreme |
27-Apr-2023 18:51
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LIM & TAN While UOB' s 1Q' 23 performance came in better than expected, we believe that consensus will choose to remain conservative given the just announced new property cooling measures in Singapore as well as moderating NIM due to peaking interest rates in the USA coupled with recessionary concerns. Nonetheless, we maintain an " Accumulate" rating given its undemanding valuations of 9x PE, 5.1% dividend yield, 1.2x price to book and 15% upside to consensus target price of $33.55. |
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FATABA
Supreme |
27-Apr-2023 13:35
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Again NOT talking about the short term fluctuation......$1.6Bx4 aro $6 core profit w Visa full integration this year. Dividend of 1.50 a year which offer yield of OVER 5% ......UOB is still one of the envy of many other banks . I seriously wld doubt UOB is NOT on the radar of longer term funds and investor. Happy investing.
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RL16EGG
Veteran |
27-Apr-2023 11:28
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Profit is one thing, market sentiment is another. So many headwinds now. The big boys are moving funds around and will invariably win. For the small boys, it is not bad to have breadcrumbs. The 3 banking bros will bounce back. Question is when.
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Echoes
Senior |
27-Apr-2023 11:15
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Seems like share prices always goes the opposite direction immediately after announcement fo stellar results . Same scenario happened for all 3 banks when they last announced record breaking 4th Qtr 22 results in Feb 23 . It does not matter for those holding long term but i just find this trend perplexing . |
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FATABA
Supreme |
27-Apr-2023 08:55
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WOW UOB kick off banks earning w a RECORD $1.6B core net profit ......our banks are all going to perform well for Q1 | ||||
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FATABA
Supreme |
26-Apr-2023 16:50
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UOB is giving out Q1 result tmr morning ....one day before XD . I guess mgt must have a lot of confident to do this in term of timing . All 3 banks are having Q1 result very soon ......i seriously doubt it will be bad ...MORE SO , would it meet the expectation of investor ?? Dyodd |
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FATABA
Supreme |
18-Apr-2023 16:35
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WOW this is a huge investment !!! SINGAPORE &ndash UOB is the first local bank to invest in the 5.4 million sq feet smart-tech-focused business park in Punggol, to the tune of $500 million. By end-2026, the bank will take up one of five initial tower blocks that will be built in Punggol Digital District (PDD), near Punggol Point, under JTC Corporation&rsquo s master plan. A further three towers totalling 1.2 million sq ft will be added to the site due to good interest from potential tenants, both locally and from abroad. When it is completed, in phases starting from next year, PDD will create some 28,000 jobs, while also housing the almost 12,000 students and staff at Singapore Institute of Technology&rsquo s (SIT) new campus there. In the district, which radiates outwards from Punggol Coast MRT station, slated to be ready in 2024, SIT and other smart-tech businesses will be able to take advantage of the synergies afforded by their proximity to one another. Apart from UOB, there are two other new tenants &ndash Target Media Culcreative (TMCC), which has 15,000 digital advertising display panels installed across the island, and Delteq, one of the first local system integrators, set up in 1992. Essentially, system integrators provide clients with all their information technology needs, from network and security to hardware and maintenance. Collaborations between the business park&rsquo s tenants are already under way before any of them move in, with several more new initiatives announced by Minister for Trade and Industry Gan Kim Yong on Tuesday when he introduced the second batch of PDD tenants at an event called Punggol Digital District: Connecting Smartness 2023. |
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Echoes
Senior |
17-Apr-2023 21:37
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1st Qtr 2023 results release : UOB 27 Apr 23 DBS 2 May 23 ( with quarterly div announcement ) OCBC 10 May 23 |
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Echoes
Senior |
17-Apr-2023 09:30
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1st qtr 23 earnings forecast : https://sginvestors.io/analysts/research/2023/04/singapore-banks-1q23-earnings-forecast-cgs-cimb-research-2023-04-15 |
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guiren
Veteran |
16-Apr-2023 18:39
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中 国 富 豪 涌 入 狮 城 成 立 家 办 Family Office， 可 惜 人 来 钱 好 像 没 来 , 另 外 根 据 彭 博 社 引 述 专 家 估 计 ， 这 个 数 字 目 前 很 可 能 已 进 一 步 攀 升 至 超 过 1400
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CheeryVGoh
Supreme |
16-Apr-2023 14:56
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https://www.barrons.com/articles/jpmorgan-chase-earnings-stock-price-bceed21a | ||||
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CheeryVGoh
Supreme |
16-Apr-2023 14:47
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https://www.cnbc.com/2023/04/14/jpmorgan-chase-jpm-earnings-1q-2023.html https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/1st-quarter/be0fc3a0-c499-4af9-933c-6e7f75025097.pdf |
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Ftyeng
Senior |
14-Apr-2023 11:09
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One such counter is ( blue-chip but no longer component stock ) Golden Agriculture. Golden Agriculture has been experiencing decade high profits for the last two years. Only thing is the Russian war would not last forever and Sunflower oil would be back in production in Ukraine when it stops. A good source for blue-chip dividend payouts: https://www.dividends.sg/rank/blue .
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FATABA
Supreme |
14-Apr-2023 10:21
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All 3 banks rise well today esp DBS which have their Q1 result on 2nd May Once again , all those reports that banks will be in trouble w US Banks having lot of issue.......are they really selling or accumulating our big 3 ? lol All we can be assure ....our 3 banks are still very profitable and paying out good dividend of OVER 5% ....where to find such a counter ? Dyodd Happy investing. |
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royeko
Member |
11-Apr-2023 17:40
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Below extracted from JPM - Asia Pacific Equity Research @ 30 March 2023 : Dividend support should be limited. We expect OCBC DPS to stay at 40c/ semester. At DBS, we expect DPS to stay at 42c/qtr, with 30c special in 1H23. After that, we do not see specials till 2025. UOB is at 50% payout, which should stay. Given high CET1s, we do not see the need for DRP in this cycle. OCBC has ~S$6bn of excess capital, and stated intention of doing a deal. Event risks are two-sided in the current environment, but given the size of excess capital, we do not see re-rating unless deal specifics are known. |
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FATABA
Supreme |
11-Apr-2023 13:23
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DBS has gone Xd and many could be disappointed w the recent drop . Wld UOB n OCBC follow this on XD? On thing is true ...it was an opportunity for some to accumulate when price corrected. Interest rate are STILL high and potential for another qtr pt rise coming soon . So NIM for all 3 banks are still very positive for them . Loan growth ..I guess all 3 will remain in the middle digit loan growth ...since property loan are still there. AUM is again n could be a surprise ...with potential flowIN from the northerm region ( really hard to tell now ) Only concern cld be NPL ..which our 3 banks are all conservative in this area. I honestly doubt there wld be much issue. W this , I think DBS wld be giving another 42c on 2nd May .......DYODD Happy investing. |
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CheeryVGoh
Supreme |
10-Apr-2023 12:05
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LIM & TAN l Singapore Banks: Finews.asia reported that the collapse of Swiss bank Credit Suisse has shaken global wealth investors, with some experts saying it had affected Switzerland' s reputation as a safe place to invest. On the other side of the world, Singapore may see the opposite effects where wealth managers and private bankers expect growth in client requests and fund movement in 2023, as reported by The Business Times. Singapore&rsquo s political stability, transparent government policies and pro-business environment remain intact, said Citibank Singapore CEO Brendan Carney. Since 2022, UOB for example, has seen increased client interest, with an especially healthy pickup in net new money inflow since January this year, added head of private wealth Chew Mun Yew. " Since 2019, we believe this Singapore premium has taken on added significance &ndash just like there used to be a Swiss finish," he said. Opportunities may appear for wealth managers and private banks to win new clients or additional funds. Leon Ong, partner of the financial services advisory at KPMG Singapore, expects increased activity in sales and marketing in the near term, as relationship managers seek to get as many new clients as possible. However, Credit Suisse&rsquo s collapse may also take the money out. " The average Asian investor also inclines to diversify investments with several banks," he said. Along with the growing high-net-worth population in Asia, banks are preparing their sight on serving this segment and Singapore remains a gateway to the rest of APAC region. " We see (Singapore) as the center of an ecosystem deals are being done here, there is vibrancy, with more investors and wealth being accessible out of Singapore for the region," said Kerrine Koh, head of Southeast Asia at Hamilton Lane. The situation may encourage more diversification for investments in the city-state, with the outperforming of private markets versus public. Thus, there will be a great opportunity to serve this expanding investor base in Singapore, Koh said. On the other hand, there is also increased interest in the areas of succession planning and wealth preservation, according to DBS Private Bank group head Joseph Poon. Amid the recent turmoil, clients are shifting their investment perspective from return on capital towards return of capital, he added. We recommend investors to relook at Singapore banks as funds get diverted from Europe to Asia Pacific with Singapore being a key gateway and beneficiary of fund flows. With DBS, OCBC and UOB trading at PE of 10.5x, 9.6x and 10.3x with PB of 1.5x, 1.0x and 1.2x respectively, we currently prefer OCBC and UOB due to their cheaper valuations relatively. Accordingly, DBS, OCBC and UOB trades at yields of 4.5%, 5.5% and 4.6% accordingly. With the economy still being strong and Fed expecting to rates by 25bp one more time in May, we think that Singapore Banks will still continue to be a beneficiary of the hawkish interest rate environment. |
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FATABA
Supreme |
29-Mar-2023 10:11
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Another STRONG area of growth for our big 3 banks
OCBC has the most comprehension plan for home , car and renovation loans 2023 might again offer more surprise on their earnings. Many claim lower housing loan ? Do you really think so as many are still servicng their loan w a MUCH higher rate now. transaction are at record high prices too Dyodd happy investing. Green Loans are loans used to exclusively finance eligible green projects with clear environmental benefits like energy efficiency, pollution prevention and others.  GuocoLandA green club loan to finance the construction of new luxury residential cum commercial development at Tan Quee Lan Street. CapitaLand Two green loans totalling SGD $400 million comprising of a three-year and four-year green loan to catalyse greening of global portfolio by 2030. |
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