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DBS
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DBS
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investshare
Supreme |
03-Oct-2020 08:34
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What will happen to DBS if something happen to Trump?
My DBS average now $20.48. |
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Starship
Supreme |
02-Oct-2020 23:25
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What u said sounds Great for all of us here who invests in bank stocks!!!!!!!!  U just vindicated all the investors here.  
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halleluyah
Supreme |
02-Oct-2020 19:06
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pls short BIG BIG till 8-6 lollar range...am waiting....
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Knightmyst
Member |
02-Oct-2020 18:29
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I am sure a lot of Singaporeans love buying banks over other stocks. If there is to choose, chances are higher they will buy a bank stock rather than others. I believe Global investors on the other hand prefer non-bank stocks. Banks have Low pe globally, even in places when non bank stocks are so expensive, bank stocks are cheap. Something seems not right. The record Low 10 year treasury yields give me very little faith about banks Long term trajectory. It puts me on a belief that we are in a permanent zero interest rate. The federal reserve is unlikely able to raise interest rates ever again, or maybe just only maximum a few in the next 10 year cycle. It is likely signifying the era of banks are likely over, as with many other useless STI components. Bank stocks will still be in the freezer, as I mentioned months back, and they will continue to be for YEARS. |
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Invest1
Elite |
01-Oct-2020 10:01
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Banks are blood suckers...when your business is good, they keep on wanting to loan you more money. Tell you buy more stuffs... When you really need money like during this time, they will quickly want to recall your loan. In case you bankrupt.
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moonsun
Veteran |
01-Oct-2020 09:47
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Looks strong.. think possible cross 21 | ||||
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pasttime
Supreme |
01-Oct-2020 09:06
Yells: "gold silver are real money. not others iou." |
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the economy is bad, but think has passed the lowest point. life is comming back. this year christmas demand has force many manufacturer to go into high gear as what is normally build and supply in may-aug was half hearted. now is time to catch up. property can soften but unlikely to crash as the loan affordability test has build buffers for the banks. businesses going burst? this is exceptional time. as long as bank don' t force it. many can survive after a while. |
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Invest1
Elite |
01-Oct-2020 08:48
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If lost $100, the bank must loan out about $2000 for 1 year in order to make back this loss. So bad debt very important.
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BIGBOOBEAR
Veteran |
30-Sep-2020 23:17
Yells: "Better to meet a bear robbed of her cubs than a fool" |
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Yes, thank you so much for highlighting the issue on bad debts! That is the biggest worry I have for the banks. Not their trading income, nor their fees income, nor their falling interest income due to falling NIM (net-interest margin). It is their NPL (non-performing loans), asset quality and Tier one capital levels that are most critical for its survival. If DBS assets contain much bad loans, you can be sure there will be a big provision for bad debts which will drive down profits in any Quarter. Even if DBS deposits from depositors are increasing, if one does not loan out to able and good debtors who have the ability to repay interests and principal repayments, then you will suffer a BIG write-down of loans. Bad debts can bring down a bank! You also need a good capital buffer to make sure you have enough to pay depositors when they demand for their cash. It will be very interesting to see 3Q results to see if any of these parameters (esp. NPL) deteriorate. |
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Invest1
Elite |
30-Sep-2020 22:53
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Many shops and businesses closed. Many people lost jobs and cannot pay loans. More bad debts coming up. | ||||
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BIGBOOBEAR
Veteran |
30-Sep-2020 22:27
Yells: "Better to meet a bear robbed of her cubs than a fool" |
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It is not the bank' s day yet... ... it is going to come! Bank profit forecasts not so good because interest margins shrinking with lower interest rates now. But let us wait and see 3Q updates. | ||||
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kandinsky
Master |
30-Sep-2020 17:07
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wondering wtf is wrong with the bank counters. Half F*** rally everytime. | ||||
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kandinsky
Master |
30-Sep-2020 14:06
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best is just hold and don't sell to these guys.
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FATABA
Supreme |
30-Sep-2020 14:02
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Bro .....same pattern today...push up morning ...and then sell off aro lunch time. This bb.....is doing something .....scare off retail investors ....to accumulate ? Our banks are way below its book ( solid book n profit ) Time will tell Dyodd
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kandinsky
Master |
30-Sep-2020 13:51
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Bank counters are damn pathetic can't rally for more than a day. | ||||
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Starship
Supreme |
25-Sep-2020 18:57
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DBS joins Ant' s blockchain trade platform FRI, SEP 25, 2020 - 3:40 PM DBS on Friday said it is now a bank partner on a newly launched blockchain trade platform developed by a unit of Ant Group. Called Trusple, the platform uses the blockchain technology of Ant' s blockchain business AntChain to facilitate trade and trade financing. DBS said in a press statement that it is the first Asian bank partner on the platform. The other bank partners are BNP Paribas, Citibank, Deutsche Bank and Standard Chartered. Trusple hopes to serve as a platform for distributors and suppliers to trade their products and access trade financing digitally in real-time. When a buyer or seller generates a digital trade order on the platform, the order will be automatically recorded on the blockchain. This enhances transparency in complex supply chains, fostering greater trust between parties that may not have interacted before, DBS said. The platform aims to facilitate greater acceptance and adoption of digital trade processes among corporates, DBS said, especially the small- and medium-sized enterprises (SMEs) that face many pain-points when it comes to international cross border trade. DBS, along with other member banks, will offer payment guarantees for all goods traded on the platform. The financing bank will automatically dispatch payment to the seller once the buyer digitally acknowledges the receipt of goods on Trusple. This mitigates the risk of late payments and allows suppliers to enjoy greater predictability of cash flows, enabling them to better optimise their working capital for strategic opportunities to grow their business. Member banks can also harness insights from the transactional data between buyers and suppliers to determine the credit quality of the business and offer competitively-priced trade loans through the platform. DBS group' s head of institutional banking Tan Su Shan said the bank' s partnership with AntChain underscores its commitment to SMEs in providing the working capital support that is key to their survival in this period of prolonged trade disruptions. https://www.businesstimes.com.sg/companies-markets/dbs-joins-ants-blockchain-trade-platform |
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laughingchartist
Senior |
25-Sep-2020 16:32
Yells: "Provides TA strategies to top tier FIs! Always up for a chat" |
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Hi Everyone this is what i see for DBS! Price is still trendling lower, below the moving average and also below the descending trendline resistance. A further drop below 61.8% Fibo retracement level towards the recent swing low is possible.  I have also put the DLC level DFFW in line with the underlying for easier reference! 
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Starship
Supreme |
24-Sep-2020 14:43
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Singapore banking system may be among first to recover: S& P THU, SEP 24, 2020 - 11:03 AM SINGAPORE' S banking system may be among the first to recover to pre-Covid-19 levels, S& P Global Ratings said in a report on Thursday. The Republic' s banking system was identified as an " early-exiter" with low negative impact when it comes to recovery prospects for banking jurisdictions. Expected recovery will be by the end of 2022. S& P said early-exiter jurisdictions include those where there has been no hit on its banking industry country risk assessments to date and limited effect on financial institution ratings. Other " early-exiter" banking systems include China, Canada, Hong Kong, South Korea and Saudi Arabia. On the other hand, banking systems that will be slower to recover to 2019 levels - likely beyond 2023 - are India, Mexico and South Africa. https://www.businesstimes.com.sg/companies-markets/singapore-banking-system-may-be-among-first-to-recover-sp |
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Joelton
Supreme |
24-Sep-2020 08:51
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IMDA partners DBS, OCBC, UOB on e-invoicing through banking solutions
THE Infocomm Media Development Authority (IMDA) has partnered DBS, OCBC and UOB to develop banking solutions, leveraging nationwide e-invoicing network InvoiceNow with the PayNow e-payment system.
InvoiceNow and PayNow both use the Unique Entity Number to help businesses send or receive invoices and collect payments.
By registering for both services, businesses can enjoy business efficiency, cost reduction and seamless payments, IMDA said in a press statement on Wednesday.
IMDA implemented the nationwide e-invoicing network - now called InvoiceNow - in 2019 to help businesses improve efficiency, reduce cost, receive payment faster, facilitate cross-border business transactions and reduce impact on the environment by using fewer paper invoices.
Today, there are about 25,000 companies on InvoiceNow, up from 1,000 at the beginning of 2020, IMDA assistant chief executive Jane Lim said.
" Within the past three months, we have seen an exponential increase in businesses coming onboard e-invoicing," she noted.
DBS group head of global transaction services John Laurens said: " As the bank with the largest PayNow market share in Singapore, we will continue to actively engage our corporate customers on the benefits of digital to drive greater adoption of InvoiceNow and PayNow to ensure they have their best foot forward as we embark into the next normal."
OCBC head of global transaction banking Melvyn Low said InvoiceNow and PayNow are two initiatives that have seen strong take-up from the bank' s business banking customers.
" The complementary nature of the invoice and payment cycles means that businesses can digitalise their cash conversion cycle end-to-end to enjoy even more convenience and time savings," he added.
UOB country head of business banking Singapore Mervyn Koh said: " We expect that the launch of InvoiceNow will drive greater adoption of e-invoicing, thereby creating a virtuous circle where businesses adopt and benefit from digital solutions."
IMDA said businesses that register for InvoiceNow on or before Dec 31, 2020 can receive an e-invoicing registration grant of S$200, which will be paid out through PayNow Corporate. The grant was announced in March 2020 as part of the Resilience Budget, and S$10 million has been set aside for it.
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vicloo
Supreme |
22-Sep-2020 20:52
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never touch 9.5 today, lowest 19.62...maybe tmr
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