SingTel
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SINGTEL - TELCO GIANT AT TINY 16 YEAR LOW PRICE
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Burn so many ....
Almost back to nothing
SINGAPORE, Malaysia, Thailand, and many other countries in Southeast Asia are thinking about issuing digital bank licenses to boost financial inclusion, increase competition, and improve the state of the industry overall.
Efforts made by regulators in the country have been met with plenty of enthusiasm, with applications pouring in from all sorts of companies.
However, the real question is whether or not these new-age digital banks will ever be profitable.
Tech Wire Asia interviewed Tonik CEO Greg Krasnov ? who just received a digital bank license from regulators in the Philippines ? to find out.
?There are two basic models [?]. One is where the bank offers a simplified, accessible, and convenient current account used for day-to-day transactions by the consumer. The other model is where the bank focuses on attracting longer-term consumer deposits and lending them out as consumer loans.?
According to Krasnov, the first model is difficult to monetize because, to attract customers, such banks typically charge very low or zero account fees, and only earn money on interchange ? the 1 percent to 2 percent fee that merchants pay on every debit/credit card transaction.
Other the other hand, the second model, which is what Tonik has chosen, is much more profitable.
Good examples of the second model are NuBank in Brazil or Tinkoff Bank in Russia. Tinkoff achieved a Return on Equity (RoE) of more than 70 percent last year, outperforming the larger Russian banking sector whose average stands at below 10 percent.
0633 GMT - A venture by Singtel and Grab to start a digital bank will likely take about 4-5 years to break even, DBS Group Research says. The undertaking will face challenges including a mature market in Singapore and local banks that are already relatively digitially savvy, DBS says. Still, DBS thinks the venture could achieve a valuation--based on operations in Singapore only--of between S$1.5 billion and S$3.0 billion by 2025. DBS maintains a buy rating on Singtel and raises target price slightly, to S$2.75 from S$2.69, to reflect stronger confidence in associate company Bharti Airtel's outlook. Singtel shares are up 4.3% to S$2.44 after having risen 11% earlier in the day. (benottoWSJ
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0643 GMT - Sea Ltd. could benefit after it had secured a digital banking license in Singapore, DBS says. The digital full bank license is expected to accelerate growth in the company's digital financial segment, DBS says. It expects 2019-2022 segment revenue to more than double CAGR. The rising popularity of the internet company's in-house game Free Fire due to Covid-19 restrictions could also boost Sea's cash flow from its gaming segment, DBS says. The Singapore bank raises the target price to US$228.00 from US$204.00 and keeps its buy rating unchanged. Sea's ADRs closed 8.3% higher at US$198.78. (
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Vested. Finally singtel is no longer old money.. now young money flowing in. it should disengage from the likes of SPH and old blue chip stocks. now the RISE of the new millenials
Full digital banking is 100% future-proof as there are no physical banks and low overhead costs, leading to higher profit margin. It has faster growth in retail customer area even though MAS restrict the customers to $50k deposit cap in first 1-2 years from early 2022 during which it will likely start with most retail customer service.
38.2% retracement broken. Next retracement levels at $2.47 (50%) and $2.44 (61.8%).
Entropy72 ( Date: 07-Dec-2020 10:00) Posted:
From $2.35 to $2.60, a 38.2% retracement to $2.50 is about right before it advances further.
piscesmonkey ( Date: 07-Dec-2020 09:49) Posted:
| After retracement look like going up test day high again |
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More Europe-based funds may buy from 3pm (sg time)
From $2.35 to $2.60, a 38.2% retracement to $2.50 is about right before it advances further.
piscesmonkey ( Date: 07-Dec-2020 09:49) Posted:
| After retracement look like going up test day high again |
|
