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DBS
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n9.kevin
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30-Apr-2020 14:34
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DBS has a huge exposure to oil and gas with $23bn in loan.  Be prepared for a worse oil price crash in May, and those who long DBS now don' t be greedy, the Q1 report have not taken into effect of the overall economic situation.  https://oilprice.com/Energy/Crude-Oil/Fleet-Of-28-Saudi-Oil-Tankers-Could-Send-US-Oil-Prices-Crashing-In-May.html |
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cheongweevictor
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30-Apr-2020 13:49
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so how?did u sell because u read those bad news??? so now 40$ can or not..??? end of 2021.... 1 3/4 yrs  away,, why not??? virus over.. by then at 40$ there will be no more Ah Liang virus news from CNBC and market watch.. How can HSBC compare to DBS,, HSBC BS anf FA  are as dirty as Ah Liang Kopitiam toilet.. dont follow news to scare yrdself,,, news are all history,, we have better put them in the museum.. I think Ah Liang also belong to the museum.. this Ah Liang always embrace bad news, no wonder all bad luck come to him and he miss the train again and again,, now today bull i think he is crying inside the kopitiam toilet.. No news is good news... always dont read news,,so no news is good.. continue to vest here for 40$
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TA_Expert
Supreme |
30-Apr-2020 13:38
Yells: "The World has changed" |
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All the staff in all local banks have already been briefed some time back that there won' t be any retrenchment. Life goes on as per normal. Local banks are ultra rich with deep pockets. Foreign banks   cannot match them.
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TA_Expert
Supreme |
30-Apr-2020 13:36
Yells: "The World has changed" |
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Of course, who is the big boss here? Temasek man....
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ShadedR
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30-Apr-2020 13:35
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No retrenchments. No change in quarterly dividend of 33c expected. https://links.sgx.com/FileOpen/1Q20_CEO_presentation.ashx?App=Announcement& FileID=608802 https://links.sgx.com/FileOpen/1Q20_CFO_presentation.ashx?App=Announcement& FileID=608801  
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TA_Expert
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30-Apr-2020 13:34
Yells: "The World has changed" |
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Shortists all killed. All local banks will still do well despite the CB and virus. Those who still waiting for $10 to $15, no chance. Once the CB is lifted in June, which is super likely, the banks will continue to outperform. |
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FATABA
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30-Apr-2020 12:41
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1. Dividend .....its CONFIRM 66c for end 2019 payout n Q1 2020 payout . I think John has nicely advised here ( Or go SGX website n search there)  2. NO retrenchment as cfm by CEO ....further why shld staff be angry as some staff also OWN shares or entitle to the company share scheme.  ( So suggesting DBS will cut staff NOW is not a fair comment )  3. There is basically diff betw UK n Spore dividend payment .......u can say Spore dividend payout is relatively good over the years n many retired ppl at investing in  high dividend stock for their old age. ( what i call happy investing )  However, not ALL banks are well managed as our 3 local which is among the best in this region. I think more banks wld cut dividend come Q2/3 esp those in Europe n even US.   Of course on the other hand I am confident that OCBC n UOB will follow b payout for Q1 too  ( end 2019 is given ) ...which is why u see the rise for the other 2 banks.  BUT as for Q2 onwards....a lot depend on the sitution of the econ n more so the WORLD as Spore is so much link as a global hub.  Gd luck  Happy investing. 
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john_ric
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30-Apr-2020 12:24
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you go to dbs web site, investor relations, dividend info. i cut and paste from there.
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Justice888
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30-Apr-2020 12:20
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SINGAPORE banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak.
In a statement, Piyush Gupta, CEO of Singapore?s largest bank DBS, said: ?While these are clearly challenging times for all, DBS recognises the key role that we play in support of employees, customers, shareholders and the community. Our capital and liquidity positions are strong. Straits times news 3 weeks ago... now got news retrenching ?
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rotijai
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30-Apr-2020 12:13
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i think most dbs staffs are like WTF now.. " You are talking about laying-off, cutting pay and retrenching ppl..., and what now you pay good CD to shareholders...?" this is why more and more people prefer to make monkey business and earn easy money fast and get out from working class which is quite sickening sometimes... |
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NewBirdLeaning
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30-Apr-2020 12:05
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There are two announcements on div. One announcement on 15th April for last year final div of 0.33/share and one announcement today for 1Q interim div of 0.33/share. Ex 12th May. Information available on SGX under company announcement search DBS Group holdings ltd.
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Siwomp
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30-Apr-2020 12:03
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o&g lending portfolio of $23billion. | ||||||||||||||||||||||||||||||||||
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wokiechewbacca
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30-Apr-2020 11:55
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Can you guys go and see Dbs website, the info is all there.  btw can help me understand the rationale of buying for the dividends in short term, when share price will reduce by div paid out Anw? |
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rainbowman
Senior |
30-Apr-2020 11:55
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Really quite unexpected, considering HSBC and most UK banks cancel dividends to conserve cash. | ||||||||||||||||||||||||||||||||||
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Misty11
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30-Apr-2020 11:50
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Hi john, can u share the source of this info of $660 dividend. I am asking because i am keen to buy and hold for the dividend. I tried to search SGX website but cannot find info of 2nd 33 cents dividend XD. I even called my UOBKH broker and he confirmed that current CD only one 33 cents dividend. Appreciate your advise please. Thanks, 
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john_ric
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30-Apr-2020 11:41
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$20 is a  very strong resistance. breach and dropped back down. | ||||||||||||||||||||||||||||||||||
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john_ric
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30-Apr-2020 11:38
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they have already set aside $$$ for 2nd qtr to cushion covid-19 impacts. ------------------ Investors to receive $660 on the same day for 1000 shares.
 
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AhLiang
Elite |
30-Apr-2020 11:04
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Wait for 2nd quarter results, unless you are like Cheong's son Tom who buy $2000 of blue every month. | ||||||||||||||||||||||||||||||||||
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chubbybastard
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30-Apr-2020 10:57
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Fantastic. 29% fall in net profits, low interest rates for the forseeable future and more provisions for bad debts and guess what? The stock chiong 78c. Its like the more bad news they announce the more the stock chiong. DBS should announce lay-off of thier staff. Maybe the stock will chiong back to $30 a share
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Joelton
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30-Apr-2020 10:28
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DBS Q1 profit falls 29% on coronavirus loan loss provisions
INGAPORE: DBS Group Holdings set aside hefty provisions to cover the impact of the coronavirus pandemic as it reported a 29 per cent drop in first-quarter profit but retained its quarterly dividend. Southeast Asia' s biggest lender joined HSBC and Standard Chartered in provisioning higher credit losses to guard against the fallout from the crisis.  
" We will maintain a solid balance sheet with ample capital, liquidity and loss allowance reserves that give us strong buffers to absorb external shocks," DBS CEO Piyush Gupta said in a statement on Thursday (Apr 30). The bank said allowances for credit and other losses surged to S$1.09 billion in the three months to Mar 31, from S$76 million a year earlier. That was well above an average estimate of S$605 million, according to Refinitiv data. DBS was the first bank in Singapore to report earnings for the quarter. The sector has collectively forecast muted earnings growth for 2020 as interest rates soften and lending moderates following a robust performance in the past few years. https://www.channelnewsasia.com/news/business/dbs-q1-profit-falls-coronavirus-loan-loss-provisions-covid-19-12690110 |
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