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3 BIG Spore banks ....:))
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CheeryVGoh
Supreme |
15-Mar-2023 17:55
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Wikipedia  Since the 1970s, over ninety U.S.  banks  with  US$1  billion or more in assets have  failed. The list below is based on  assets  at the time of failure of banks insured by the  Federal Deposit Insurance Corporation. |
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FATABA
Supreme |
14-Mar-2023 15:26
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Singapore&rsquo s banking system has ' insignificant exposures' to SVB and Signature Bank The Singapore banking system has &ldquo insignificant exposures&rdquo to the failed US banks,  Silicon Valley Bank (SVB) and Signature Bank, says the Monetary Authority of Singapore (MAS) on March 13. SVB was closed by Californian regulators on March 10 while Signature Bank was closed by New York regulators on March 12. In its statement, MAS adds that the banking system in Singapore remains &ldquo sound and resilient&rdquo amid the heightened volatility in the global financial markets after the closure of both banks. The Singapore dollar (SGD) money market and foreign exchange (forex) markets are also continuing to &ldquo function well,&rdquo says the central bank. In addition, MAS says that banks in Singapore are &ldquo well-capitalised&rdquo and that they &ldquo conduct regular stress tests against interest rate and other risks&rdquo . &ldquo Their liquidity positions are healthy, underpinned by a stable and diversified funding base. These factors will allow them to weather potential stresses from global financial developments,&rdquo reads the statement. &ldquo MAS is closely monitoring the domestic financial system and international developments. MAS stands ready to provide liquidity through its suite of facilities to ensure that Singapore&rsquo s financial system remains stable and financial markets continue to function in an orderly manner,&rdquo it adds. |
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Echoes
Member |
14-Mar-2023 13:03
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MAS , DBS , UOB, OCBC all has spoken .  Strong fundamentals vs poor market sentiments . Also relentless shorting by the big boys .  Price may still trend south in near term , but its a good buy over the long term . Added some today .  |
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FATABA
Supreme |
14-Mar-2023 11:17
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This morning all 3 banks are press down by some BB, they cover and acccumulate fast ( just few hours)  Dbs from a low 31.70 to 32.40 now ...wow BB really make thanks to panicky retail throwing in the towels.  ALL 3 banks will be of great value once yield is above 5%....Funds can close their eyes and hold here ( Spore banks are solid and SAFE .....nothing as compare to SVB etc )  Tier one capital are high, provisions are taken . Risk test by MAS , WELL managed all 3 banks  Come closer to XD , which is already Q1 update ...we should see more actions . LOL  DYODD  Happy investing
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Adrianinsing
Elite |
07-Mar-2023 11:01
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Given the momentum - DBS should reach a new high before dividend distribution 😊 😊 👍
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FATABA
Supreme |
07-Mar-2023 10:51
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Have mentioned w the good dividend given out by ALL 3 banks , it is heaven to many funds .....a stable growing bank w dividend of over 5%  ( not much risk to their profolio )  Now interest is going to rise again ( at least qtr point or more this year....)  expecting a good 1H result after all the dividend payout in May  Happy investing.  |
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Adrianinsing
Elite |
27-Feb-2023 13:21
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Banks about to rally | ||||
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Adrianinsing
Elite |
27-Feb-2023 11:51
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Yes  I am buying back DBS at this price and in queue at $34 Doubt will drop much below this once ex dividend 
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FATABA
Supreme |
27-Feb-2023 11:42
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At current prices , bro check their yield (even excluding the 50c special dividend ) is already higher then bank interest.  I doubt this round XD will drop much or the full 92c ....unless it is push up come closer to 10th Apr.  Dyodd 
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Adrianinsing
Elite |
27-Feb-2023 11:26
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Good bank comparison  https://www.mykayaplus.com/dbs-uob-ocbc-which-banks-fy22-is-the-fairest-of-them-all/ |
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newbie19
Supreme |
25-Feb-2023 09:03
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Waiting for DBS XD then i will some some...or even OCBC  ![]()
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Adrianinsing
Elite |
24-Feb-2023 17:58
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Today I was suprised how well all three of the local banks consolidated and absorbed the selling  When they rebound it will be fast and furious - so I was wrong to think they would drop lower yesterday - we all live and learn  |
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FATABA
Supreme |
24-Feb-2023 17:10
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Fundamentally our 3 banks are due for a Rerating ....however, we are in a special timing where else are having war, recession and many countries may see negative growth . Spore banks are really an ENVY to many inclusing some USA banks .....good tier capital , ROE and PE ratio.  As a global economy I think part of the valuation also depends on this . ( take for eg if China is closed ) ....so having patient , the day will come where our banks will be RErated .....wld be long , once a recovery come about . Spore is normally in the lead. ( now minus that Pearl of the Orient that cant shine )  Dyodd
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Hector
Veteran |
24-Feb-2023 15:18
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Yes, the dividend payout is indeed nice But I am still hoping that price level should be higher, due to record earnings |
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FATABA
Supreme |
24-Feb-2023 15:00
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Knowing they are many traders etc here .....honestly few long term investor in the SG market .  But just imagine IF by 1H 2023, DBS 1.68    UOB give another 75c , and ocbc 40c ....wow which means yield is  DBS4.8%@34.60 : UOB 5% @29.9 and OCBC 6.3% @12.60 ....all are possible as all 3 banks still have high tier 1 capital and payout are all aro 50% Patient pay for the investor . Happy investing.
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FATABA
Supreme |
24-Feb-2023 10:22
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All 3 banks hv reported their result and all are giving out a great set of record earnings for 2022 .  2023 cant be worst ( of course barring out any major event like a bigger war etc ) ......interest are to remain or exceed current rate ...so their NIM are better.  ( OCBC CEO sum up this well for 2023. )  I dont see any reduction of dividend for 2023 (hope) .....DBS 42x4 $1.68 UOB $0.75x2 ? OCBC $0.40x2 ??  All are paying well above 4.5% yield EVEN without any special dividend .  So keeping our finger cross , 2023 can be another good payout for investor .  Happy investing . Vested Message from Group CEO, Helen Wong &ldquo OCBC has emerged stronger from the pandemic and achieved another consecutive year of robust performance despite challenging conditions. I am delighted that the steady execution of our strategic priorities has yielded positive results and we have delivered record earnings, which crossed the S$5 billion mark for the first time. Supported by our sustained earnings growth and strong capital position, we are pleased to raise the 2022 dividend by 28% or 15 cents from a year ago to 68 cents per share, representing a payout ratio of 53%. We are constantly redefining our business through accelerating digitalisation. We continue to enhance our digital platforms and introduce market-first initiatives to enrich the customer experience. For example, almost all customer transactions in Singapore are now conducted digitally and we have seen strong growth in digital wealth sales. We have also deepened partnerships and integration in the wider digital ecosystem. The focus to boost artificial intelligence and analytics capabilities has helped to better position us to identify business opportunities, improve operational efficiencies and reinforce our cybersecurity infrastructure. Equally important, we made significant progress in our sustainability agenda in 2022. We joined the Net Zero Banking Alliance which demonstrated our firm commitment to achieving net zero by 2050. We also attained carbon neutrality in our banking operational emissions, and firmly embedded ESG considerations into our lending and investment practices. Our sustainable financing commitments exceeded S$44 billion and is on track to meet our target of S$50 billion by 2025 or earlier.   |
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rlong8288
Master |
24-Feb-2023 09:23
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This is a standard protocol, buy on news sell on actual.....too bad
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Ling9345
Veteran |
24-Feb-2023 09:21
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Who care U buy
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Hector
Veteran |
24-Feb-2023 09:19
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So disappointing All 3 big banks produce excellent result, yet cannot reach previous high feels like stock being control by BB |
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Adrianinsing
Elite |
24-Feb-2023 08:12
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Excellent dividend and results !!! 40c  for final dividend is v good and on % basis best of all 3 local banks ! OCbC is priced more than 1/3 of DBS so equates to an equivalent almost 120c dividend for equivalent cost of share    I can buy 3 OCBC for each DBS ,    |
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