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17581-17600 of 18139
Car loan not neighbour talk .
Worst than SMRT service
Stool Price/ $165 only
Qanghoo ( Date: 18-Nov-2015 09:59) Posted:
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Bcos neighbours first, bankers second mah. Neighbours talk where got sit down one.
hlfoo2010 ( Date: 18-Nov-2015 09:56) Posted:
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Pick of spore bank ???why???
wk ago went to DBS Thomson Oldman like me standing infront the counter talking to the service exective for 20 min no tool to seat and talk ,What sort of servive friendly.....
| alexcai ( Date: 12-Nov-2015 17:50) Posted: |
Yea. Nice
vivivava ( Date: 09-Nov-2015 11:46) Posted:
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quick bounce isnt it?
3 consecutive days negatvie.. not good
I hope they raise rates................. Wonder how high DBS can go.
A Federal Reserve decision to boost interest rates would give a lift to large US banks and offset the drag on earnings from legal settlements and toughened regulations.
If the Fed gives the green light to a rate hike Thursday, JPMorgan Chase, Bank of America and other large banks would charge more on loans to businesses and individuals, affecting myriad transactions from car purchases to mortgages, to business capital investment.
" Lending money is going to be profitable again," said Gregori Volokhine, president of Meeschaert Capital Markets.
Banks would also view a Fed rate hike as a boost to the economic outlook and a " green light" to increase overall lending levels, he said.
After a two-day meeting, the Fed on Thursday at 1800 GMT will release a monetary policy statement, followed by a news conference with chair Janet Yellen.
Fed officials have signalled plans to lift rates in 2015, but some analysts think a move Thursday has become less likely due to turbulence in global markets. If the Fed does lift rates, it would be the first increase since 2006.
An increase in their loan rates of one percentage point would translate into $2.70 billion in additional profits for JPMorgan, $3.85 billion for Bank of America and about $2 billion for Citigroup, according to calculations included in the banks' securities filings.
But if the Fed does move on rates this week, the hike is likely to be just 0.25 percent, which on its own would not significantly boost bank profits.
" If they only increased it 25 basis points, I think the banks will welcome the signal, but you are not going to see massive earnings improvement on something like that," said Justin Fuller, a senior director at Fitch.
" In order for them to benefit from increased interest rates, they need a series of rate increases over time."
Analysts say banks could receive an additional benefit from an interest rate hike this week if businesses hasten efforts to secure debt financing in advance of subsequent increases.
" You will see some kind of more rapid borrowing to get in before rates go up further," Fuller said.
Broker' s Report
DBS kept at ' add' by CIMB with higher target of $ 19.58
November 3, 2015: 3:58 PM
A better environment for capital markets and stronger trade flows in China will boost the earnings of DBS Group Holdings (Valuation: 2.25, Fundamental: 2.00), CIMB (Valuation: 1.65, Fundamental: 1.05) says, reiterating its " add" recommendation on Singapore' s biggest bank by assets.
CIMB raises its target on DBS to $ 19.58 from $ 18.68 after the bank last week reported a 6% on-year rise in third-quarter net profit amid higher income from interest and trading.
CIMB says DBS' s third quarter net interest income looked the best among peers on a combination of margin improvement and loan growth, also helped partly by foreign exchange.
Net interest margin rose 0.03 percentage points to 1.78%, the highest in four years as local loans were re-priced higher amid rising rates, CIMB notes.
DBS shares are up 2.1% at $ 17.62 while the benchmark Straits Times Index is up 1.0%.
Last: $ 17.60.
Broker' s Report
DBS kept at ' buy' by OCBC with $ 21.35 fair value
November 3, 2015: 2:37 PM
OCBC (Valuation: 2.55, Fundamental: 2.20) is maintaining its " buy" call on DBS with a fair value of $ 21.35 after better than expected 3Q results.
DBS Group Holdings (Valuation: 2.25, Fundamental: 2.00).. Posted 6% higher net profit of $ 1.07 billion from a year ago This was higher than consensus estimate of $ 990 million based on a Bloomberg poll Net Interest Income rose 13% yoy to $ 1.8 billion -. a record high Net Interest Margin (NIM) improved 10bp from a year ago and 3bp from a quarter ago to 1.78% - a 4-year high.
In a Monday report, lead analyst Carmen Lee says in view of the recent decline in commodities prices, management sees no stress in its commodity loans book and is comfortable with its current exposure.
In China, another area of softness, its exposure has come off about $ 7 billion to $ 43 billion, mainly due to the drop in trade loans.
Management also expects loans growth of 5% in 2015 and 6% in 2016. In addition, it expects margin to hold stable, and to be largely dependent on the rate hikes situation in the US.
However, Lee says OCBC has seen deterioration in market conditions in recent months and it expects this to result in slower corporate activities and higher impairment charges than our earlier estimates.
" Together with slower earlier projected topline growth, we have revised our FY16 net earnings estimates down from $ 4,665 million to $ 4,475 million, down 4.1%," says Lee.
As at 2.37pm, DBS is up 2.4% at $ 17.66.
Last: $ 17.60.
Broker' s Report
DBS rated ' buy' by HSBC with unchanged target price of $ 20.00
November 3, 2015: 11:13 AM
HSBC Global Research has rated DBS Group (Valuation: None, Fundamental: None) with a " buy" and an unchanged target price of $ 20.00 as rising US dollar rates or a sustained asset quality resilience could emerge as catalyst for the banking and finance group.
It reckons there is limited downside risk to DBS ' share price, given the counter trades at one time Dec 2016E book value and 10 times 2016E earnings per share.
" Cheap valuations limit downside risk, but patience is needed for a positive catalyst," HSBC analyst Loo Kar Weng writes in a note on Monday.
Still, HSBC notes that DBS does not expect US dollar rates to rise significantly, leading the bank to be " less optimistic" on higher net interest margins (NIM) from rising rates.
" In any case, CEO Piyush Gupta sounds sceptical that domestic Singapore dollar rates will rise by much, even if US dollar rates do rise marginally," says Loo.
DBS performed exceptionally well in 3Q, thanks to higher NIM, good cost control and improved trading income, which offset weakness in market-related fee income streams.
Overall, its 3Q FY2015 core net earnings were 6% ahead of consensus estimate of $ 1.056 billion, but within HSBC' s expectations of $ 1.089 billion.
At 10.50 am today, DBS gained 33 cents or 1.9% to $ 17.58, with some 2.4 million shares traded.
SECTOR UPDATE
Banking &ndash Singapore
3Q15 Roundup: DBS And UOB Share The Limelight
DBS did well and met expectations despite the drop in trade loans and one-time
charge of S$50m for adopting FVA to valuations of derivatives. OCBC disappointed
on asset quality although the new NPLs from rescheduling of loans extended to Oil &
Gas support services companies were not overdue. BUY DBS. Maintain
OVERWEIGHT.
WHAT&rsquo S NEW
&bull UOB exceeded expectations and DBS met expectations for their 3Q15 results. On the
contrary, OCBC&rsquo s results were slightly below expectations.
&bull DBS generates higher growth from loan book. DBS outperformed with growth of
13.2% yoy for net interest income. It benefitted from a 3bp qoq expansion in NIM as a
result of improvement in cost of deposits. DBS&rsquo loan growth was also stronger at 9% yoy,
compared with 3.8% for OCBC and 3.6% for UOB. UOB&rsquo s NIM held steady at 1.77%.
&bull UOB overcomes drag from market-sensitive fee income. UOB outperformed in
generating growth of 4.2% qoq in fees, which came from increased contributions from
credit cards and loans-related fees. The pick-up in approval of business loans in recent
quarters could have contributed to the higher contributions from loans-related fees.
&bull OCBC suffered significant reduction in contribution from its life insurance business due to
mark-to-market losses for its portfolio of bonds and equities.
&bull Treasury business benefited from increased hedging activities. Net trading income
was robust across all three Singapore banks. There was an increase in customer flows
given volatility in exchange rates for regional currencies, including the unexpected
depreciation of the Chinese renminbi.
&bull OCBC fall prey to vulnerability in exposure to oil & gas. Asset quality was resilient at
DBS and UOB with NPLs relatively unchanged. OCBC surprised on the downside as NPL
ratio crept up by 0.2ppt to 0.9%. The bank had rescheduled loans extended to oil & gas
support services companies. Although not overdue, these rescheduled and restructured
loans have been conservatively classified as NPLs. OCBC has reduced exposure to oil &
gas from 7% to 6% of total loans.
&bull OCBC&rsquo s loan-loss coverage deteriorated to 125%, below the 155.9% seen in 2Q15.
ACTION
&bull Maintain OVERWEIGHT. The outlook is uncertain with the impending interest rates hike
in the US and further slowdown in China. Regional countries need to overcome domestic
challenges that impede economic growth.
&bull Nevertheless, valuations for Singapore banks are attractive after the recent share price
correction with dividend yield at 3.5-4.0%. Share price should gradually recover especially
if there is further evidence in upcoming results that the adverse economic environment
outside Singapore has not damaged asset quality.
PEER COMPARISON
Price @ Target Market FY ------ PE ----- ------- P/B ------- P/PPOP ------ Yield ------ ------- ROE -------
Company Ticker Rec 2 Nov 15 Price Cap 2015F 2016F 2015F 2016F 2015F 2016F 2015F 2016F 2015F 2016F
(S$) (S$) (US$m) (x) (x) (x) (x) (x) (x) (%) (%) (%) (%)
DBS DBS SP BUY 17.25 22.34 30,764 12/2014 9.9 9.6 1.11 1.03 7.0 6.5 3.5 3.5 11.3 11.0
OCBC OCBC SP BUY 8.95 11.25 26,258 12/2014 9.9 9.8 1.14 1.07 7.7 7.4 4.0 4.0 11.5 11.0
UOB UOB SP NR 20.21 n.a.23,079 12/2014 10.2 9.9 1.09 1.02 n.a. n.a. 4.0 3.9 10.9 10.6
Source: Bloomberg, UOB Kay Hian
I salute the china co that was in the news few mths back where the boss brought alk his staff over 1 thousand of them tour france foc
rawlow1945 ( Date: 02-Nov-2015 12:11) Posted:
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Nothing wrong to reward employee.
Make them happy & loyal, they' ll more money for shareholders.
Huat argh
Sorry, but I' ll be blunt. Give staff is an ' investment' to squeeze more out of them. Moreover, it' s tax deductible. Give shareholders will end up as an outflow n erosion to asset. But I got something too cos them came up with this Friday Free Transport promo to the tune of $100 mil. To be eligible a customer has to hold a POSB credit/debit card, enabled as an ezlink card with auto-reload function (hope I got all the details. correct). This promo provides full Friday transport rebates until end 2015 to those who qualified. Again, this is tax deductible, unlike sd for s/holders. I' m not sure if these two items have been expensed off in the latest result. If so, excluding them wld have made their latest result even more scintilating.
vivivava ( Date: 02-Nov-2015 11:00) Posted:
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So they carve out a piece of the pie for internal but forgot to share the goods with S/H. Just like OCBC
Yes, they did. But apparently no sd for shareholders. Maybe, in 2020 (if my memory serves me correctly) when DBS comes of age at 50, s/holders get 50c sd?
vivivava ( Date: 02-Nov-2015 10:33) Posted:
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didnt they gave staff some SG50 increment?
No company give SG50 dividend. UOB is due to their anniversary
DBS result is not bad at all.....just market sentiment bad.
Drop fast will also recover fast.
Just wait.
vivivava ( Date: 02-Nov-2015 09:25) Posted:
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No special SG50 div