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DBS
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DBS
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halleluyah
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09-Apr-2020 13:09
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sell into strength since no div....
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Joelton
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09-Apr-2020 12:58
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DBS keeps its FD rates attractive as peers cut theirsTHU, APR 09, 2020 - 5:50 AM Its decision likely due to the prevailing macroeconomic uncertainty Singapore INTEREST rates for fixed deposits (FDs) have gone down - in tandem with the slashing of the United States Federal Reserve funds rate - some by as much as 1.02 percentage points. DBS Bank, which has the largest market share of the low-cost current account and savings... |
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john_ric
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09-Apr-2020 12:13
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Arrogant n complaceent
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Starship
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09-Apr-2020 12:01
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Regardless which angle we look at it, it' s all still DBS' fault for not publishing an announcement thru SGX. PR fail.  |
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FATABA
Supreme |
09-Apr-2020 12:00
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U all PLEASE READ this carefully ....not on specuation or worry w cancellation of dividdend or delay of AGM noted.  When we go into the website to buy a stock .....WE ARE entitle to know if there is dividend if there is a CD word there.  Or NO dividend if NO CD word there.  ( right current situation for ALL stocks including OCBC UOB which as declar a delay of AGM )  BUT I CALLED N ASKED   WHY DBS HAS THE CD word remove on the counter ?  ( I mean the wrod when u go into the website of yr own broking house to buy a share )  SGX answer is dont know ( or wait for agm update. the why remove DBS n not ocbc or UOB ????? )   SEE yr own broking house webiste on stocks.  THis REMOVAL CAN ONLY BE DONE BY SGX ...not the individual counter.  Fine if xd is delayed or still b 9th APr....then AT LEAST when I buy i can see the world CD there right ???   Hope u all understad my input ...n concern w SGX mistake   
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sharenoob1984
Veteran |
09-Apr-2020 11:53
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so your worry is DBS will cut divy or cancel divy? and people who bought for divy for that day' s XD will sell as they are not certain abt the divy' s status? But the purpose of dividend is not to reward speculation. while traders can speculate and be rewarded or be punished on the outcome, the purpose of dividends is for profit sharing. so if your concern is someone will offload their scripts/shares due to this, it is unlikley that this reason for concern will be addressed. Anyway, dividend is coming la, just wait... if the issue is about SGX' s possible technical glitch and you feel very strongly about this, just write to news and ask SGX to reply :)
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NT1825
Master |
09-Apr-2020 11:45
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There could be error on SGX website. The fact that trading is allowed by DBS post 7 April meant that sellers were allowed to off-load their stakes/risk since Divedend is uncertain or can be reduced # and that new Buyers have bought over the risk/stakes.  # -at time when no AGM was held   |
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sharenoob1984
Veteran |
09-Apr-2020 11:45
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minor technical issue la... we all know divy will be declared and X soon, dont worry guys....
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Starship
Supreme |
09-Apr-2020 11:38
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I had noticed that whenever a stock goes XD, it will show XD for the next 2 days on the trading plarform. Another way to look at DBS' case ---- Since DBS did not show XD on 7 nor 8 Apr, I take it to mean that XD was not effected. |
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FATABA
Supreme |
09-Apr-2020 10:54
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I also hope yr answer YES is correct.  But WHY ONLY DBS counter has the " CD" mark removed ......UOB n OCBC has also postpone their AGM  WHY there is a CD behind the counter listing ?  SGX can n is the ONLY source that remove this ....NOT DBS or OCBC or anyone .  CALL THEM n they cant answer ?  IF no CD there cld means NO DIVIDDEND when u buy the share.  SGX cant answer for this mistake ???  DYODD
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RexxarLoh
Member |
09-Apr-2020 10:50
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Will the share price dropped further later on? Any masters to share their views? | ||||
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NT1825
Master |
09-Apr-2020 00:20
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Since XD is to be announced ...which shld be delayed......DOES IT MEAN IF WE BUY DBS NOW ....we are STILL entitled to the dividend ??? My answer: YES The board cannot approve a decision which has a date in the past, can only approve for an up-coming event. Sellers who sold their shares on and after 7 April has " given up" this counter for fear of the risk of losing out at such time of undertainty hence fore-going everything in return for proceeds from the sale.  
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FATABA
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08-Apr-2020 23:48
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AGM is postpone ....new XD date will be announced .......ALL understood ...NO ISSUE ....BUT  1. Since XD is to be announced ...which shld be delayed......DOES IT MEAN IF WE BUY DBS NOW ....we are STILL entitled to the dividend ???  WHY SGX CANT REPLY >   WHY IS THE CD WORD REMOVED FOR DBS ?  OCBC , GE also announced delay in its AGM ....why the CD word not removed ?  2. SO THE QUESTION I WISH TO ASK :   are buyer of DBS from now till the NEW XD date is announced ENTITLE to the dividend payout if approved ?  ( SGX is not asking and allow trade to continue without clearly stating this / jus removing the CD word for the counter > > > ?? 0  THIS Is the issue .....???    |
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NT1825
Master |
08-Apr-2020 22:06
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I guess when an AGM is delayed, the planned ex-date becomes invalid as there has been no approvals from shareholders prior to this. Look out for new XD and payout date  after the new AGM date is announced. Further info: https://www.straitstimes.com/politics/parliament-registered-societies-allowed-to-postpone-annual-general-meetings
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Starship
Supreme |
08-Apr-2020 19:59
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UOB CEO sees 1.8% lift in pay to S$10.8m bank to defer April 30 AGM WED, APR 08, 2020 - 2:19 PM  UPDATED WED, APR 08, 2020 - 5:57 PM UOB is due to defer its annual general meeting, which was slated originally for April 30, given the restrictions of mass gatherings due to the virus outbreak, BT understands. At the shareholders' meeting, investors were due to approve a final dividend payout of 55 Singapore cents per share, and a special dividend of 20 Singapore cents per share.  With this, all three local banks have deferred their AGMs.  https://www.businesstimes.com.sg/companies-markets/uob-ceo-sees-18-lift-in-pay-to-s108m-bank-to-defer-april-30-agm |
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Starship
Supreme |
08-Apr-2020 19:19
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Yahoo Finance site shows the Adjusted Close less by 33c on end-6 Apr and the Div 33c given on 7 Apr.    So it' s confirmed even without AGM to vote? https://sg.finance.yahoo.com/quote/D05.SI/history?p=D05.SI
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Starship
Supreme |
08-Apr-2020 19:08
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But in any case, DBS shd have filed an announcement in SGX to inform all shareholders of the status and their decisions. So, very poor PR in this case.
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Starship
Supreme |
08-Apr-2020 19:06
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Oh, I see why now. DBS' XD date is 7 Apr so it' s no longer valid since they can' t hold the AGM by that date. UOB' s XD date is 11 May while OCBC' s XD date is 22 May ------ and that' s still a long period for them to re-schedule the AGM.     
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BasicInvestor
Member |
08-Apr-2020 17:22
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We should refer to the source which is DBS. SGX takes the info from DBS. So base on DBS website, it is very clear that the previously announced xD date is not valid anymore.   |
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FATABA
Supreme |
08-Apr-2020 17:07
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That is the issue when SGX remove the CD......word for DBS  ( why not for OCBC too which has postpone its agm too ? GE too )  So someone buy the stock now ....is he entitled to the dividend ??     SGX dont know ?   Confuse or dont comm w the listed companies?   
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