Others   

3 BIG Spore banks ....:))

ocbc big reversal of provisions. dbs plug hole in india. ha ha

 

 

big profit always comes from banks
go go go...

 

If don't recall means default?
Ocb share price would plunge by 50%

 

Well DONE .....our 3 banks have powered STI to 2900 ......will it past 3100 this year ?? 
DBS now 25.95 ....to ??
UOB 23.12 to ??  ( finally cross 23 but still so much behind DBS /////  hmmmmmmm) 
OCBC 10.25 to ??  ( GE just recall $400m note ...wow/ also they have much cash to takeover others ???? this year) 

UOB and OCBC is STILL trading below BOOK value ...omg 
DYODD
Happy happy investing 
 

 

WOW this is a cool $400M recall of note ....big saving in interest .....good for OCBC . 
Coming result is end Jan . 
DYODD 
Happy investing. 

NOTICE OF REDEMPTION to the holders of S$400,000,000 4.60 per cent. Subordinated Fixed Rate Notes due 2026 Callable in 2021 comprised in Series 001 (ISIN No. SG7Z25966556) (the &ldquo Notes&rdquo ) issued under the S$1,000,000,000 Multicurrency Medium Term Note Programme of Great Eastern Holdings Limited (&ldquo GEH&rdquo ) and The Great Eastern Life Assurance Company Limited (&ldquo GEL&rdquo ) (the &ldquo Programme&rdquo )

 

CGS CIMB 
December 31, 2020

Overweight (no change)
Highlighted Companies

DBS Group
ADD, TP S$28.35, S$25.04 close
DBS is trading at 1.2x FY21F P/BV.
3Q20 earnings were above expectations,
mainly on stronger-than-expected
treasury income. We expect FY21F
impairments to be lower, although NPA
formation may still trend upwards as
government relief expires.

OCBC
ADD, TP S$12.52, S$10.06 close
OCBC trades at 0.9x FY21F P/BV. 3Q20
results beat expectations mainly due to
lower impairments. Credit cost guidance
is unchanged, but NPLs may still trend
upwards towards 2.5-3.5%. Loans under
moratorium reduced to c.5% (from 10%).

United Overseas Bank
ADD, TP S$27.72, S$22.59 close
UOB is trading at 0.9x FY21F P/BV. NIM
should sustain or trend upwards, a
reversal compared to peers. Group loans
under moratorium reduced to c.10%
(from c.16%). Asset quality visibility
underpins our expectations of lower
credit costs in FY21F.

 

To the MOON

FATABA      ( Date: 05-Jan-2021 13:15) Posted: No wonder I like the name Michelle ....lol  Singapore banks to benefit from pickup in credit growth this year: CGS-CIMB TUE, JAN 05, 2021 - 5:50 AM MICHELLE ZHU[email protected]@MichZhuBT Singapore CGS-CIMB has reiterated its " overweight" call on Singapore' s banking sector in anticipation of a pickup in business activity and credit growth in 2021. This is expected to be driven by the easing of social distancing measures in Phase 3 and the ongoing Covid-19 vaccination programme, both of which commenced recently in December 2020, said analysts Andrea Choong and Lim Siew Khee in a report last Thursday. All three banks have been maintained at " add" with DBS, OCBC and UOB given target prices of S$28.35, S$12.52 and S$27.72, respectively.

 

LOL , in this forum ....u are one of the best in this type of Gif

Starship      ( Date: 05-Jan-2021 14:50) Posted: FATABA      ( Date: 05-Jan-2021 13:15) Posted: No wonder I like the name Michelle ....lol  Singapore banks to benefit from pickup in credit growth this year: CGS-CIMB TUE, JAN 05, 2021 - 5:50 AM MICHELLE ZHU[email protected]@MichZhuBT Singapore CGS-CIMB has reiterated its " overweight" call on Singapore' s banking sector in anticipation of a pickup in business activity and credit growth in 2021. This is expected to be driven by the easing of social distancing measures in Phase 3 and the ongoing Covid-19 vaccination programme, both of which commenced recently in December 2020, said analysts Andrea Choong and Lim Siew Khee in a report last Thursday. All three banks have been maintained at " add" with DBS, OCBC and UOB given target prices of S$28.35, S$12.52 and S$27.72, respectively.

 

FATABA      ( Date: 05-Jan-2021 13:15) Posted: No wonder I like the name Michelle ....lol  Singapore banks to benefit from pickup in credit growth this year: CGS-CIMB TUE, JAN 05, 2021 - 5:50 AM MICHELLE ZHU[email protected]@MichZhuBT Singapore CGS-CIMB has reiterated its " overweight" call on Singapore' s banking sector in anticipation of a pickup in business activity and credit growth in 2021. This is expected to be driven by the easing of social distancing measures in Phase 3 and the ongoing Covid-19 vaccination programme, both of which commenced recently in December 2020, said analysts Andrea Choong and Lim Siew Khee in a report last Thursday. All three banks have been maintained at " add" with DBS, OCBC and UOB given target prices of S$28.35, S$12.52 and S$27.72, respectively.

 

 

UOB and OCBC did not move much ....only DBS up well 
Anyway its still good for a start.  STI will be power by our 3 banks ....toward CNY I hope 
At least by mth end when the result PLUS dividend announcement . ( MAS pls keep quiet on the cap or jus allow the banks to take charge) 
Dyodd

 

 

Bloomberg TV just reported that SG is APAC' s Worst Performing Market in 2020 with an 11% Drop !!!!!
Truly the SGX Circus Maximus filled with Clown Stocks.


 

 

DBS can well afford to take a breather :)

FATABA      ( Date: 30-Dec-2020 13:25) Posted: Yes today OCBC and UOB pushing our STI to above 2860 . DBS taking a rest .  As long as our banks ( just 2 is enough) can power STI up  Come end Jan with full yr dividend from OCBC and UOB....it will be  a great catalyst for the prices to move up ( good Feb CNY angpow)  Further ....MAS might REMOVE the cap ?  or at least allow a higher payout ?  Dyodd  happy investing.

 

Yes today OCBC and UOB pushing our STI to above 2860 . DBS taking a rest . 
As long as our banks ( just 2 is enough) can power STI up 
Come end Jan with full yr dividend from OCBC and UOB....it will be  a great catalyst for the prices to move up ( good Feb CNY angpow) 
Further ....MAS might REMOVE the cap ?  or at least allow a higher payout ? 
Dyodd 
happy investing. 

 

ok can

ETLee8      ( Date: 29-Dec-2020 16:28) Posted: Lai Leow !!!  Tomorrow even better - Like the mandarin song

 

Lai Leow !!!  Tomorrow even better - Like the mandarin song

 

:-)

Starship      ( Date: 29-Dec-2020 15:29) Posted: tongphlp      ( Date: 29-Dec-2020 15:03) Posted: It is truly a circus show...perfomed by a clown :

 

tongphlp      ( Date: 29-Dec-2020 15:03) Posted: It is truly a circus show...perfomed by a clown :) FATABA      ( Date: 29-Dec-2020 15:02) Posted: Ya Japan HK up and futures also up  Our STI only 7pts .....come on catch up pls.