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3 BIG Spore banks ....:))

OCBC book value according to Phillip is 11.09 so 1.2X it is $13.30 
Hope it address yr quesiton.  ( some site might use a different book value ....but the estimate wld not be out a lot ) 
Dyodd

subaru      ( Date: 27-May-2021 17:04) Posted: Based on 1.2x, is ocbc book at $10.xx? FATABA      ( Date: 27-May-2021 13:16) Posted: Base on the book value below ....UOB is trading at 1.09X and OCBC at 1.2X ( at 12.30 now)  However, I am more incline to see OCBC moving even higher to 1.2x or 1.3X , esp with its strong Q1 earnings.  Further if banks are to adjust dividend payout , OCBC could pay an increase in dividend .    New CEO is well known in North Asia market and strong wealth mgt growth ( BOS )  Dyodd

 

Based on 1.2x, is ocbc book at $10.xx?

FATABA      ( Date: 27-May-2021 13:16) Posted: Base on the book value below ....UOB is trading at 1.09X and OCBC at 1.2X ( at 12.30 now)  However, I am more incline to see OCBC moving even higher to 1.2x or 1.3X , esp with its strong Q1 earnings.  Further if banks are to adjust dividend payout , OCBC could pay an increase in dividend .    New CEO is well known in North Asia market and strong wealth mgt growth ( BOS )  Dyodd  FATABA      ( Date: 10-May-2021 17:25) Posted: Last I have is  DBS 21.42  UOB 24.08 OCBC 11.10  If I do happen to see any further update ....will write it here.

 

Base on the book value below ....UOB is trading at 1.09X and OCBC at 1.2X ( at 12.30 now) 

However, I am more incline to see OCBC moving even higher to 1.2x or 1.3X , esp with its strong Q1 earnings. 
Further if banks are to adjust dividend payout , OCBC could pay an increase in dividend .   
New CEO is well known in North Asia market and strong wealth mgt growth ( BOS ) 
Dyodd 

FATABA      ( Date: 10-May-2021 17:25) Posted: Last I have is  DBS 21.42  UOB 24.08 OCBC 11.10  If I do happen to see any further update ....will write it here.  subaru      ( Date: 10-May-2021 14:41) Posted: Can share the latest book value of the 3 banks?  (where to find this? not in the announcement

 

Last I have is 
DBS 21.42 
UOB 24.08
OCBC 11.10 
If I do happen to see any further update ....will write it here. 

subaru      ( Date: 10-May-2021 14:41) Posted: Can share the latest book value of the 3 banks?  (where to find this? not in the announcement) FATABA      ( Date: 10-May-2021 10:38) Posted: Singapore banks  kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020. Looking ahead, the trio is expecting to get a lift from the global economic recovery this year, with loan growth to pick up as business activity gains momentum, even as bank chiefs cautioned that the stellar first quarter results could be " exceptional" .   OCBC Bank is ready to fend against &ldquo very strong competition&rdquo coming up in the Greater Bay Area, and is open to M& A opportunities that may emerge from the Citi sale, said its top executive.  The comments come as the bank on Friday posted a record net profit for the first quarter that more than doubled from its year-ago quarter. OCBC joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period. Net profit for the first three months ended March 31, 2021 stood at S$1.5 billion, more than doubling S$698 million in the year-ago period. UOB  Maybank Kim Eng upgraded the counter from &lsquo hold&rsquo to &lsquo buy&rsquo , with a higher target price of $29.34, while RHB Group Research upgraded from &lsquo neutral&rsquo to &lsquo buy&rsquo with a higher target price of $30.20.  CGS-CIMB Research and OCBC Investment Research kept their respective &lsquo buy&rsquo and &lsquo add&rsquo ratings, with higher target prices of  $28.84 and $29.   Phillips Security UOB Recommendation: Accumulate (Maintain), Last Done: S$26.03  Target price: S$28.70, Analyst: Terence Chua  1Q21 earnings of S$1.0bn in-line, at 25.5% of our FY21e forecast boosted by stronger than expected other non-interest income but dragged by higher than expected allowances.  NIM unchanged QoQ at 1.57%, helped by lower cost of deposits at 1Q21. Guidance for FY21e remain unchanged.  1Q21 credit cost declined 26bps on QoQ basis to 29bps. FY21e guidance is 30bps, down from 30-40bps previously.  The bank is reviewing Citi&rsquo s for-sale assets in Asia Pacific. Information memorandum on sale expected later this month.  Maintain ACCUMULATE and GGM TP (1.17x of FY21e P/BV) of S$28.70.

 

Can share the latest book value of the 3 banks?  (where to find this? not in the announcement)

FATABA      ( Date: 10-May-2021 10:38) Posted: Singapore banks  kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020. Looking ahead, the trio is expecting to get a lift from the global economic recovery this year, with loan growth to pick up as business activity gains momentum, even as bank chiefs cautioned that the stellar first quarter results could be " exceptional" .   OCBC Bank is ready to fend against &ldquo very strong competition&rdquo coming up in the Greater Bay Area, and is open to M& A opportunities that may emerge from the Citi sale, said its top executive.  The comments come as the bank on Friday posted a record net profit for the first quarter that more than doubled from its year-ago quarter. OCBC joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period. Net profit for the first three months ended March 31, 2021 stood at S$1.5 billion, more than doubling S$698 million in the year-ago period. UOB  Maybank Kim Eng upgraded the counter from &lsquo hold&rsquo to &lsquo buy&rsquo , with a higher target price of $29.34, while RHB Group Research upgraded from &lsquo neutral&rsquo to &lsquo buy&rsquo with a higher target price of $30.20.  CGS-CIMB Research and OCBC Investment Research kept their respective &lsquo buy&rsquo and &lsquo add&rsquo ratings, with higher target prices of  $28.84 and $29.   Phillips Security UOB Recommendation: Accumulate (Maintain), Last Done: S$26.03  Target price: S$28.70, Analyst: Terence Chua  1Q21 earnings of S$1.0bn in-line, at 25.5% of our FY21e forecast boosted by stronger than expected other non-interest income but dragged by higher than expected allowances.  NIM unchanged QoQ at 1.57%, helped by lower cost of deposits at 1Q21. Guidance for FY21e remain unchanged.  1Q21 credit cost declined 26bps on QoQ basis to 29bps. FY21e guidance is 30bps, down from 30-40bps previously.  The bank is reviewing Citi&rsquo s for-sale assets in Asia Pacific. Information memorandum on sale expected later this month.  Maintain ACCUMULATE and GGM TP (1.17x of FY21e P/BV) of S$28.70.

 

Short to enjoy...

 

Singapore banks  kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020. Looking ahead, the trio is expecting to get a lift from the global economic recovery this year, with loan growth to pick up as business activity gains momentum, even as bank chiefs cautioned that the stellar first quarter results could be " exceptional" .
 
OCBC Bank is ready to fend against &ldquo very strong competition&rdquo coming up in the Greater Bay Area, and is open to M& A opportunities that may emerge from the Citi sale, said its top executive.  The comments come as the bank on Friday posted a record net profit for the first quarter that more than doubled from its year-ago quarter. OCBC joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period. Net profit for the first three months ended March 31, 2021 stood at S$1.5 billion, more than doubling S$698 million in the year-ago period.

UOB 
Maybank Kim Eng upgraded the counter from &lsquo hold&rsquo to &lsquo buy&rsquo , with a higher target price of $29.34, while RHB Group Research upgraded from &lsquo neutral&rsquo to &lsquo buy&rsquo with a higher target price of $30.20. 
CGS-CIMB Research and OCBC Investment Research kept their respective &lsquo buy&rsquo and &lsquo add&rsquo ratings, with higher target prices of  $28.84 and $29.
 

Phillips Security UOB Recommendation: Accumulate (Maintain), Last Done: S$26.03 
Target price: S$28.70, Analyst: Terence Chua 

• 1Q21 earnings of S$1.0bn in-line, at 25.5% of our FY21e forecast boosted by stronger than expected other non-interest income but dragged by higher than expected allowances. 
• NIM unchanged QoQ at 1.57%, helped by lower cost of deposits at 1Q21. Guidance for FY21e remain unchanged. 
• 1Q21 credit cost declined 26bps on QoQ basis to 29bps. FY21e guidance is 30bps, down from 30-40bps previously. 
• The bank is reviewing Citi&rsquo s for-sale assets in Asia Pacific. Information memorandum on sale expected later this month. 
• Maintain ACCUMULATE and GGM TP (1.17x of FY21e P/BV) of S$28.70.

 

Latest Phillip Sec article on UOB ...TP $28.70  ( not a typo error ) LOL 
Also UOB is reviewing Citi' s assets in Asia Pac for sale.  ( will know by later this mth) ....if not wrong DBS is also looking into this. 
Dyodd 

 

Short to enjoy..

 

FATABA      ( Date: 07-May-2021 09:45) Posted: Bank is running to Mars ....esp UOB and OCBC .  Happy happy investing.

 

Bank is running to Mars ....esp UOB and OCBC . 
Happy happy investing.

 

OCBC at 12.5  will be trading at 1.12X book value  while DBS is still trading at 1.36X 

Conservatively at 1.2 X book OCBC is easily 13.32
Dyodd
Happy investing. 

 

Excellent set of Q1 result .....WOW ROE of 12.4%    OCBC will be great this 2021 year.   
New CEO Helen Wong will be leading this .....


Results underscored strength of our well-diversified franchise
❑ Strong earnings across core markets and businesses
&bull Net profit for banking operations at S$1.13b
&bull All overseas banking subsidiaries reported improved QoQ earnings
&bull GEH&rsquo s net profit contribution increased QoQ and YoY to S$373m
&bull Private banking AUM rose to US$123b
❑ Net interest income comparable to previous quarter NIM maintained at 1.56%
❑ Non-interest income rose 40% QoQ, led by fees, trading and insurance income
❑ Operating expenses 2% higher QoQ CIR at 39.4%
❑ NPA coverage ratio further increased to 118%
❑ NPL ratio stable QoQ at 1.5%
❑ Customer loans grew 1% and CASA deposits higher QoQ
❑ CET1 ratio at 15.5%

 

Pls note today is UOB XD of 39c , 

DuplexCH      ( Date: 06-May-2021 16:41) Posted: good result = sell down as usual? FATABA      ( Date: 06-May-2021 15:38) Posted: UOB result .....$1B profit for the qtr.  OCBC result is tmr .....already a SUPER run up now.    As I have mentioned , expect a good result from OCBC .  Dyodd

 

good result = sell down as usual?

FATABA      ( Date: 06-May-2021 15:38) Posted: UOB result .....$1B profit for the qtr.  OCBC result is tmr .....already a SUPER run up now.    As I have mentioned , expect a good result from OCBC .  Dyodd

 

 

Short to enjoy...

 

UOB result .....$1B profit for the qtr. 

OCBC result is tmr .....already a SUPER run up now.   
As I have mentioned , expect a good result from OCBC . 
Dyodd

 

 

U will hv to wait till Q3 after 1H ,
In the meantime,  UOB and OCBC are going to have a good Q1 result .   
Awaiting patiently 
dyodd

Goldfinger      ( Date: 04-May-2021 20:54) Posted: Nothing to celebrate, until MAS lifts the dividend cap.  This is long overdue. FATABA      ( Date: 04-May-2021 13:09) Posted: OCBC may be able to deliver $1B profit for the qtr,  GE already got a record profit for this qtr,  Wealth managment and equity fee are expected to do very well .  Also , it depends on how much of their current provision are going back to bottom line. ? Wishing for a special friday morning. /result  Dyodd  Happy investing.