DBS    Last:64.13    -0.92

The Best of the Best Banks

Really can' t understand some naive stubborn kateks..... still some are trying their luck......
Well, they need to know this..... DBS, if use their entire 3 bil for sbb, based on,say, average buying price of $44 -$45, they can swallow as much as 68 million shares...... now they only makan 2 mil, so it' s gonna be a long wait for the toilet cubicle ....... join the black market la, maybe try play contra... is a better option to win back your losses.......

aragosta      ( Date: 19-Nov-2024 15:22) Posted: I say one more time....this sbb, where shares r cancelled, is more potent than many tidak apa kateks think..... when it happens, even if the toilet is near u, you won' t have enough time to lift up the toilet cover to poo.....

 

heheh.... now price hits 44..... as predicted by the gangsters.....

Sometimes I want to be humble also very difficult...... you see, these black market people, they anyhow guess, also turns up to be so true...... now the focus is on reaching that seemingly impossible $50 mark..... sooner or later, those analysts, who are no match to the lowly educated gangsters are going to come out with new higher than high price target.... already this morning I read one site, giving the highest forecast as $53.39...... go goggle....
  meanwhile I' ll stay with the black market wisdom...

aragosta      ( Date: 08-Nov-2024 18:19) Posted: Many people see today' s closing price of $42.40 as phenomenal high. Actually the black market thinks not really, and I tell u why...... they value the share buyback programme and the CANCELLATION of the shares, as ten percent of the value..... but how can it be so, when $3 billion at current price won' t buy back 10% shares?.... well, I suppose it calculate at 3 or 4 months or so before the next FY results report and the next mandate.....accordingly if you take last week closing price before this week results and add in the 0.54 dividends, the stock should value at least $4.50 more.... so price should range at between $43 to $44 at current sentiments plus with the positives notes expressed by the CEO and the various analysts, there' s a value added forward earning growth and pe to look towards to.... which in turn would propel the stock price even further beyond the moon...... $50 is no longer a dream impossibility

 

Besides Russia, DBS has been very busy elsewhere.... here are just some of their actions past couple of months.....
 

DBS in India
DBS India launches enhanced wealth management with access to 6 markets including Singapore
https://bankingfrontiers.com/dbs-india-launches-enhanced-wealth-management-with-access-to-6-markets-including-singapore/

DBS in Indonesia 
Fitch affirms Indonesia&rsquo s DBS rating at ' AAA'
https://en.amwalalghad.com/fitch-affirms-indonesias-dbs-rating-at-aaa/

DBS in Hong Kong
DBS Bank buys entire 75th floor in The Center, extending foray into Hong Kong property market
https://www.scmp.com/business/article/3285775/dbs-bank-buys-entire-75th-floor-center-extending-foray-hong-kong-property-market

DBS in Japan
DBS and Japan Finance Corporation partner to strengthen business connectivity between Japan and rest of Asia  https://www.dbs.com/newsroom/DBS_and_Japan_Finance_Corporation_partner_to_strengthen_business_connectivity_between_Japan_and_rest_of_Asia

DBS in China
Foreign financial institutions beef up investment in China amid greater opening up
https://www.bignewsnetwork.com/news/274798670/economic-watch-foreign-financial-institutions-beef-up-investment-in-china-amid-greater-opening-up

DBS in Taiwan
DBS Taiwan has become the largest foreign bank in Taiwan in terms of deposit market share and total assets.
https://www.fitchratings.com/research/banks/dbs-bank-taiwan-ltd-update-31-10-2024

DBS in Malaysia 
DBS eyeing stake in Alliance Bank, Kuwait Finance House assets to expand into Malaysia 
https://theedgemalaysia.com/node/733340

DBS in Thailand
DBS eyes tripling of Thai AUM with onshore-offshore model
https://asianprivatebanker.com/private-wealth/private-banking/dbs-eyes-tripling-of-thai-aum-with-onshore-offshore-model/

DBS in Korea
DBS has a strong credit rating of AA-/Aa1 amongst the highest rated banks in Korea.
https://www.dbs.com/kr/default.page

DBS in UAE
Singapore' s DBS bank sees Dubai as hub for Mideast expansion
https://circuit.news/2024/08/16/singapores-dbs-bank-sees-dubai-as-hub-for-mideast-expansion/

DBS in Singapore 
DBS, IMDA future-proof SMEs with Spark GenAI
https://asianbankingandfinance.net/news/dbs-imda-future-proof-smes-spark-genai

aragosta      ( Date: 03-Dec-2024 21:27) Posted: DBS Hires Private Bankers for Rich Russians as Rivals Balk. https://www.bloomberg.com/news/articles/2024-12-03/dbs-hires-private-bankers-for-rich-russians-as-rivals-balk https://www.businesstimes.com.sg/companies-markets/banking-finance/dbs-hires-private-bankers-rich-russians-rivals-baulk This could be big ..... if really happens........

 

DBS Hires Private Bankers for Rich Russians as Rivals Balk.

https://www.bloomberg.com/news/articles/2024-12-03/dbs-hires-private-bankers-for-rich-russians-as-rivals-balk
https://www.businesstimes.com.sg/companies-markets/banking-finance/dbs-hires-private-bankers-rich-russians-rivals-baulk

This could be big ..... if really happens........

 

Shortists in DBS are now dead ducks or sitting ducks.  The highest SBB prices was $43.73 today, also the day high price. Intent to me is clear, they are mopping up the market with aggressive buying.

aragosta      ( Date: 30-Nov-2024 16:04) Posted: Plus the sbb effect...... as I said, I want to know how good , or naive ,the kateks are.......

 

Stock split ? Not impossible, already said   so at one AGM, any option   cannot be ruled out.....
But I m afraid such move will not be effective in lowering the price.....​
Look at OCBC, it did a stock split in 2005...... that time price was $6 plus...... juz look at today' s price.

 

Dreamt of stock split

 

Remember the black market famous saying in YZJSH, DM, SCI before the boh beh chow run?
a lot of folks, like the yogi clone, were shouting $40 for DBS, and when it crosses $40, they went MIA....... so I say here again, if you have sold DBS @ $40, juz move on, or buy back at higher, don' t linger around here ...... below $40 is history, $42 to 43+ is new flavour, $45 is ST, $50 is LT....
latest rumor is  DBS is applying license to operate in Malaysia as prelude to acquiring shares in two Malaysia banks.... I hv been saying all along sbb will be a phenomenal catalyst..... this Malaysia thingy will be another earthquake type.....if it is true, and really happens.....

 

What is the price for DBS to enter Malaysia? 

https://themalaysianreserve.com/2024/11/25/what-is-the-price-for-dbs-to-enter-malaysia/#google_vignette

I think we would be more interested to know what is the price of DBS, if it really happens.......

 

Plus the sbb effect......

as I said, I want to know how good , or naive ,the kateks are.......

 

Watch out for The Trump effect....

Trump' s victory could make life harder for Hong Kong ~ and that may be good news for Singapore' s banks.

Donald Trump' s win may be good news for Singapore, but bad news for Hong Kong.

Singapore bank DBS sees upside to 2025 profit with Trump return.

Banks and the crypto industry are expected to benefit from a second Trump administration. 

Donald Trump' s   win is about to boost banks in a big way.

 

$50 !

 

Die pole standing loh

aragosta      ( Date: 28-Nov-2024 20:14) Posted: SBB has started..... i hv said enuf, I hv talked enuf.... I want to see how good the kateks are.....

 

SBB has started.....
i hv said enuf, I hv talked enuf....

I want to see how good the kateks are.....

 

Thank you @gjames for sharing your great insights with all of us here. You also aptly elaborated the same insights I hold on all these bank shares. During the last 6 mths (too) sharp CBA rise, I decided divest some to MQG and FMG. The latter one proved very volatile and a tuition fee for supporting the very innovative yet divergent Twiggy. Anyway, I think my average gains are still pretty intact. As for now, DBS at $42 seems a huge sum again. Akin to 32 which easily punched thru to 40's. Now I am half a mind to DCA in. With 50 at sight ..... Cheers and do keep any fresh news coming.

gjames2402      ( Date: 23-Nov-2024 10:48) Posted: Agree @emailpeter. The difference in valuatin between CBA and DBS is vast . Whilst CBA is almost certainly overvalued -DBS is unquestionably undervalued. CBAs secret sauce basicly is it ROE metrics (16.19%) coupled with its high dividend payout policy -circa 80%. This is written policy. Basically you are getting 80% of a 16% return. CBA close above $150 this week and it is not profitble, large,  or have the growth prospects that DBS has.  If DBS was listed on the ASX it would be pulling a sp significantly over $100.    So why is DBS not valued like CBA ? I think basically it simply is not on big investors radar. It will be , and its becoming so, but not there in big way. I also think that DBS board have just woken up to the ROE metric being front of mind of international institutional investors in respect to analysiing banks. It explains why DBS just just started a share buy back.....just months after doing a bonus issue!. The other half of the equation for DBS to start trading at international valuation multiples is the Dividend payout ratio which seems to hover around 50%. I cannot find  in board statements or notice to stock exchange a formal statement of declared policy of dividend distribution as a % of earnings. Until this is made crystal clear and chisled in stone publicaly,  international institutional investors have to assume the % payout ratio is discretionary and variable, and therefore valuations metrics that use discounted cash flow will mark it down significantly.  If DBS copied  CBA and declared a fixed % divident payout like the CBA  (80%) - then the shareprice will rocket up. $50 will be a speck in the rear view mirror. Finally - I think DBS day in the sun is coming, and from different directions. The worlds largest investment banks (Goldman, UBS, JP Morgan, Morgan Stanley)  have released their 2025 outlook statements. There is a lot to unpack but there are two key themes. 2025 is the year of earnings. US stocks as so fully (over) valued in 2024 on the promise of future earnings, there is little head room for upward movement. There will be significant rotation out of stocks that miss earnings in 2025 into those that do have  earnings. Specifically UBS is calling for selected diversitifcation out of US growth stocks into " dividend players in Asia with a growth bent" .    IMHO there is scarcely a better company that meets this profile than DBS even though it was not named specfically. Maybe they are keeping this secret to themselves. A second interesting movement is the Australian superannuation funds (with over $1t in investments) are faltering for returns as they have so much cash chasing so few options in Australia. They are being actively told to move and invest the cash overshore. Australian super funds looooovvvvvve banks. So watch this space. Momentum is with DBS - good luck to all holders. I think $50 will be blown away before June 25. emailpeter      ( Date: 22-Nov-2024 11:38) Posted: Yes Mrbear, you know my attitude to DBS. To me this is another CBA Aust bank climb over many more years to a decade. We could well see it go past $100. Global markets is going to be very volatile going forward. You'd remember the very recent plunge from $38 to 33. It's opportunities like these that some can DCA on these dips. What do you think of these events ?

 

Fintel latest highest price target forecast $52.50, average consensus $45.21
https://fintel.io/news/dbs-group-holdings-sgx-d05-price-target-increased-by-1205-to-4521-731
https://www.alphaspread.com/security/sgx/d05/analyst-estimates

TipRanks latest highest price target forecast $50.09, average consensus $43.21
https://www.tipranks.com/stocks/sg:d05/forecast

Yahoo Finance/MSN latest highest price target forecast $50.00 average consensus $44.32
https://www.investing.com/equities/dbs-group-holdings-consensus-estimates

 

A point that may seem trivial but significant is this

Aussies love to gear, ie. Borrow highly, more highly than average.

Thus cannot compare CBA with DBS.

We are Asia's safest bank.

Let it remain that way

MrBear12      ( Date: 23-Nov-2024 11:28) Posted: No need to declare a fixed dividend policy or raise the payout ratio just to entice investors. A payout ratio of 50 percent is just fine. Fair to investor and to company. A dividend cover of 2 makes dbs both a value and growth stock finely balanced. I think that is the aim of both ocbc and dbs. Especially with ocbc, I recall seeing Helen mention this.

 

No need to declare a fixed dividend policy or raise the payout ratio just to entice investors.

A payout ratio of 50 percent is just fine. Fair to investor and to company.

A dividend cover of 2 makes dbs both a value and growth stock finely balanced. I think that is the aim of both ocbc and dbs. Especially with ocbc, I recall seeing Helen mention this.

 

Agree @emailpeter. The difference in valuatin between CBA and DBS is vast . Whilst CBA is almost certainly overvalued -DBS is unquestionably undervalued. CBAs secret sauce basicly is it ROE metrics (16.19%) coupled with its high dividend payout policy -circa 80%. This is written policy. Basically you are getting 80% of a 16% return. CBA close above $150 this week and it is not profitble, large,  or have the growth prospects that DBS has. 

If DBS was listed on the ASX it would be pulling a sp significantly over $100.   

So why is DBS not valued like CBA ? I think basically it simply is not on big investors radar. It will be , and its becoming so, but not there in big way. I also think that DBS board have just woken up to the ROE metric being front of mind of international institutional investors in respect to analysiing banks. It explains why DBS just just started a share buy back.....just months after doing a bonus issue!. The other half of the equation for DBS to start trading at international valuation multiples is the Dividend payout ratio which seems to hover around 50%. I cannot find  in board statements or notice to stock exchange a formal statement of declared policy of dividend distribution as a % of earnings. Until this is made crystal clear and chisled in stone publicaly,  international institutional investors have to assume the % payout ratio is discretionary and variable, and therefore valuations metrics that use discounted cash flow will mark it down significantly. 

If DBS copied  CBA and declared a fixed % divident payout like the CBA  (80%) - then the shareprice will rocket up. $50 will be a speck in the rear view mirror.

Finally - I think DBS day in the sun is coming, and from different directions. The worlds largest investment banks (Goldman, UBS, JP Morgan, Morgan Stanley)  have released their 2025 outlook statements. There is a lot to unpack but there are two key themes. 2025 is the year of earnings. US stocks as so fully (over) valued in 2024 on the promise of future earnings, there is little head room for upward movement. There will be significant rotation out of stocks that miss earnings in 2025 into those that do have  earnings. Specifically UBS is calling for selected diversitifcation out of US growth stocks into " dividend players in Asia with a growth bent" .    IMHO there is scarcely a better company that meets this profile than DBS even though it was not named specfically. Maybe they are keeping this secret to themselves.

A second interesting movement is the Australian superannuation funds (with over $1t in investments) are faltering for returns as they have so much cash chasing so few options in Australia. They are being actively told to move and invest the cash overshore. Australian super funds looooovvvvvve banks. So watch this space.

Momentum is with DBS - good luck to all holders. I think $50 will be blown away before June 25.

emailpeter      ( Date: 22-Nov-2024 11:38) Posted: Yes Mrbear, you know my attitude to DBS. To me this is another CBA Aust bank climb over many more years to a decade. We could well see it go past $100. Global markets is going to be very volatile going forward. You'd remember the very recent plunge from $38 to 33. It's opportunities like these that some can DCA on these dips. What do you think of these events ?

 

Yes, I am gathering views from all your good insights below.

It's seems like past juncture where I "reluctantly" bought in lots at $30-32, it felt so expensive then. We might well be at $42 and it will vibrate all over towards >50. That's why I asked my questions below....
Cheers investors and have a great weekend.