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3 BIG Spore banks ....:))
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1401-1420 of 2114
with the removal of div cap, and base on a 4% yield, the target prices should be :
DBS : $36
UOB : $27.4
OCBC : $14
Enjoy the ride these 2 weeks
FINALLY dividend cap is REMOVED ......huat lah
" Local banks and finance companies have weathered the pandemic well and are in a strong position to support the economic recovery. As downside risks remain, Local Banks and Finance Companies should exercise continued prudence in their discretionary distributions, whilst prioritising support to customers," says Ho Hern Shin, MAS' s deputy managing director.
Hmm, not surprise if we see a change is MAS top mgt .....he cld have announced this but rather talk nonsense about a P in PMET.
This is officially announced by deputy just a few days later ..
IF , IF dividend cap is removed, potential dividend wld be
OCBC 25c to 28c half yearly
DBS 36cx4 ( quarterly )
UOB 55c / half year
Not bad, not bad.
Dyodd
Happy investing.
Adrianinsing ( Date: 22-Jul-2021 15:18) Posted:
I am not vested but objectively can say that the results this time will be excellent and think dividend will be restored to full dividend. I agree that it?s unlikely that there will be any special dividends but at these prices banks look cheap
By August 4th/5th I see the following
OCBC $12.56
DBS $31
UOB $26.9 |
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That' s before results announcement
After the results - all should rally another 3%
Adrianinsing ( Date: 22-Jul-2021 15:18) Posted:
I am not vested but objectively can say that the results this time will be excellent and think dividend will be restored to full dividend. I agree that it?s unlikely that there will be any special dividends but at these prices banks look cheap
By August 4th/5th I see the following
OCBC $12.56
DBS $31
UOB $26.9 |
|
I am not vested but objectively can say that the results this time will be excellent and think dividend will be restored to full dividend. I agree that it?s unlikely that there will be any special dividends but at these prices banks look cheap
By August 4th/5th I see the following
OCBC $12.56
DBS $31
UOB $26.9
National Day Bull Rally !!!!!!! 
FATABA ( Date: 22-Jul-2021 12:58) Posted:
A week or so to their result on 4th n 5th Aug ......all still awaiting for the dividend announcement ??
However, all are once again above $30 , $26 and $12 ......dyodd |
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A week or so to their result on 4th n 5th Aug ......all still awaiting for the dividend announcement ??
However, all are once again above $30 , $26 and $12 ......dyodd
UOBAM Invest, the robo-advisory service by UOB Asset Management (UOBAM), has seen a 330% surge in users across Singapore, Malaysia and Thailand over the last 18 months, reflecting a significant increase in online corporate investing.
In a press release dated July 12, UOBAM also disclosed that total assets under management (AUM) on the online portal also surpassed $1 billion.
UOBAM believes the jump in users reflects the increasing demand from corporate investors for digital solutions that offer flexibility and personalisation. UOBAM Invest&rsquo s Digital Adviser, which is the first robo-advisory service dedicated to corporate investors in Singapore and Malaysia, features an algorithm-based portfolio planner that enables users to invest in customised portfolios of UOBAM&rsquo s funds and global exchange-traded funds (ETFs).
Corporate investors can also choose the Fund Direct service to build and to manage their own portfolio of funds.
Expecting stress test and announcement on the dividend cap by MAS to be out this week ....the next few trading days , giving banks sufficent time
for their coming result .
BOTH UOB 26.25 and OCBC 11.09 are still trading ONLY below 1.1X its book .
DBS is already at 1.4X ......
TIME FOR SOME CATCH UP ......dyodd
Happy investing.
FATABA ( Date: 12-Jul-2021 11:05) Posted:
All eyes are on MAS coming decision on the dividend cap ......which I expect to be remove. Mr Chua even forecast a special dividend ,,,,wow
which will push UOB n OCBC closer to 1.3/4 X their book .......however I dont think there will be a special dividend
However, come end 2021.....I wonder what those large provisions pull aside will do for ALL 3 banks ???
By then , a speiclal one time dividend might be possible /DYODD
HAppy investing n waiting.
According to Chua, the MAS is running additional stress tests on the local banks to assess whether it is necessary to extend current dividend restrictions on them. It is in close discussions with the banks on their capital management plans and will be advising them on its position &ldquo very shortly&rdquo .
In a July 8 note, Chua is maintaining &ldquo overweight&rdquo on the banking sector here, while maintaining &ldquo accumulate&rdquo on both DBS Group Holdings (target price $31.40) and United Overseas Bank (target price $28.70). Chua is also maintaining &ldquo buy&rdquo on Oversea-China Banking Corp (OCBC) with a target price of $14.63.
&ldquo We believe MAS could ease the dividend cap as Singapore banks have kept sufficient capital buffers. We prefer DBS for sector exposure on account of its wealth management and investment banking franchises,&rdquo says Chua.
&ldquo Despite the run-up in their share prices in 1H2021, we remain positive on banks. The banks have traded above 1.4x price to book value (P/B) over the last five years and are currently close to, or below, our P/B targets,&rdquo writes Chua.
Forward targets are supported by improving return on equity as allowances reverse in FY2021F, says Chua. &ldquo With total allowance coverage being over 30% above the MAS&rsquo regulatory limit, we believe there is further room for general provisions (GP) reversions in 2021. This would boost earnings.&rdquo
All the capital that banks have shored up for the past year could make for an attractive payout for shareholders, once MAS&rsquo cap is removed. &ldquo We believe the banks could pay out special dividends to adjust their high capital buffers,&rdquo says Chua. |
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All eyes are on MAS coming decision on the dividend cap ......which I expect to be remove. Mr Chua even forecast a special dividend ,,,,wow
which will push UOB n OCBC closer to 1.3/4 X their book .......however I dont think there will be a special dividend
However, come end 2021.....I wonder what those large provisions pull aside will do for ALL 3 banks ???
By then , a speiclal one time dividend might be possible /DYODD
HAppy investing n waiting.
According to Chua, the MAS is running additional stress tests on the local banks to assess whether it is necessary to extend current dividend restrictions on them. It is in close discussions with the banks on their capital management plans and will be advising them on its position &ldquo very shortly&rdquo .
In a July 8 note, Chua is maintaining &ldquo overweight&rdquo on the banking sector here, while maintaining &ldquo accumulate&rdquo on both DBS Group Holdings (target price $31.40) and United Overseas Bank (target price $28.70). Chua is also maintaining &ldquo buy&rdquo on Oversea-China Banking Corp (OCBC) with a target price of $14.63.
&ldquo We believe MAS could ease the dividend cap as Singapore banks have kept sufficient capital buffers. We prefer DBS for sector exposure on account of its wealth management and investment banking franchises,&rdquo says Chua.
&ldquo Despite the run-up in their share prices in 1H2021, we remain positive on banks. The banks have traded above 1.4x price to book value (P/B) over the last five years and are currently close to, or below, our P/B targets,&rdquo writes Chua.
Forward targets are supported by improving return on equity as allowances reverse in FY2021F, says Chua. &ldquo With total allowance coverage being over 30% above the MAS&rsquo regulatory limit, we believe there is further room for general provisions (GP) reversions in 2021. This would boost earnings.&rdquo
All the capital that banks have shored up for the past year could make for an attractive payout for shareholders, once MAS&rsquo cap is removed. &ldquo We believe the banks could pay out special dividends to adjust their high capital buffers,&rdquo says Chua.
Congrats to those who shorted, remember to cover back along the way.
coolbear123 ( Date: 06-Jul-2021 18:47) Posted:
| Short the banks tmr, goodluck to all. |
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Short the banks tmr, goodluck to all.
DBS Hits Another New All-Time High $30.74 !!!! 
look like MAS is going to announce the removal of dividend cap this week ......banks are running ahead already
PLEASE also note the higher end of a 6% growth for 2021.....banks would lead in recovery n STI to 3300 ( minimum )
Happy investing.
FATABA ( Date: 02-Jul-2021 13:10) Posted:
Stress testing on our BIG 3 should be complete very soon . Honestly its a formalality then a real need.
Large provisions ( which are not used) are taken in 2020 , bad loans are managed well , still strong growth in AUM/brokerage/wealth mgt ....
all 3 banks exceeded the tier requirement ......I wld be very surprise if the cap is not remove.
So passing 30, 26 and 12 is given , the guess is what wld be the dividend for 1H 2021 ? and these wld translate into the 3 banks share prices soon .
Your guess is as good as mine .
Dyodd |
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As usual....TO THE MOON!
Starship ( Date: 06-Jul-2021 10:52) Posted:
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Stress testing on our BIG 3 should be complete very soon . Honestly its a formalality then a real need.
Large provisions ( which are not used) are taken in 2020 , bad loans are managed well , still strong growth in AUM/brokerage/wealth mgt ....
all 3 banks exceeded the tier requirement ......I wld be very surprise if the cap is not remove.
So passing 30, 26 and 12 is given , the guess is what wld be the dividend for 1H 2021 ? and these wld translate into the 3 banks share prices soon .
Your guess is as good as mine .
Dyodd
