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DBS posts 6% increase in 3Q earnings to $ 1.07 billion
November 2, 2015: 7:23 AM
DBS Group recorded 6% yoy increase in 3Q earnings to $ 1.07 billion.
Total income rose 8% to $ 2.71 billion as net interest income increased 13% to $ 1.81 billion.
Loans grew a reported 9% to $ 285 billion.
In constant-currency terms, loans rose 3% as an 8% increase in consumer and non-trade corporate loans was partially offset by a decline in trade loans.
Net interest margin increased ten basis points to 1.78%, the highest since 2Q2011.
Net fee income fell 7% to $ 517 million due to a high base for investment banking fees a year ago. Fees for loan-related activities, cards and stockbroking were higher.
Other non-interest income rose 7% to $ 382 million. Trading income was 6% higher at $ 286 million as higher corporate customer activities were partially offset by the funding valuation adjustment charge of $ 50 million. There was also a gain of $ 43 million from the sale of properties in Hong Kong.
Meanwhile, the group' s asset quality remained healthy. The non-performing loan rate was unchanged from recent quarters at 0.9% while allowance coverage was maintained around historical highs at 161%.
The liquidity coverage ratio during 3Q was 121% above the final regulatory minimum of 100%, effective 2019. The net stable funding ratio was also above the requirement due in 2018.
" In a quarter marked by slower regional growth and intense market volatility, the bank' s earnings continued to hold strong," says DBS CEO Piyush Gupta.
DBS shares closed 0.35% lower at $ 17.27 on Oct 30.
16.6> > > > > > > 16 ????
This report from UOB KH is really funny ...
1. he compare this QTR result with last 3 ...NOT the last 2014 Q3 and think a 4.1% drop
2. DBS has report strong wealth mgt growth if I am not wrong ? ( stand correct in case UOB KH knows something we dont?)
3. YET saying drop earnings...etc.....BUT MAINTAIN ITS TP AT 23.75 ....
WOW WOW now only 17.82 ....so what are they saying...????
We call this analysts ...TOTO * talk only talk only
WanSiTong ( Date: 21-Oct-2015 12:40) Posted:
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Brokers Report
DBS 3Q net profit to be hit by market volatility: UOB Kay Hian
October 21, 2015: 11:33 AM
DBS Group Holdings (Valuation: 2.40, Fundamental: 2.20) is set to report a decline in net profit for the third quarter of as much as 4.1% due to recent market volatility, compared with the previous three months, UOB Kay Hian says in a note.
Southeast Asia' s largest bank could suffer " weakness in market-sensitive revenue streams, such as wealth management and investment banking," the brokerage says, adding that it expects asset quality to remain resilient.
UOB Kay Hian is maintaining its buy rating and target price of $ 23.75.
At 11.32am, DBS is up 0.6% at $ 17.86.
Since last post on 8 Oct till today, Dbs price had ding dong slightly and still at the same level.. ie. 17.75, no strength to push up.. so much for holding this stock. Only can buy if it is sold down drastically to touch 16.00 like what happened in early Oct.
price pull back but still green at the moment.
these counter must look medium term and longer.
fund will buy if low. 3 banks all like that.
put under pillow and sleep well.
n
these counter must look medium term and longer.
fund will buy if low. 3 banks all like that.
put under pillow and sleep well.
n
niteowl68 ( Date: 08-Oct-2015 09:19) Posted:
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Dbs gapped up again at the open to 17.73 in line with strong performance of Dow overnight.
Now Bid 17.77 Ask 17.78. Short term resistance is 17.90 n if broken, next is 18.60. Pullback may be imminent if there' s no strength to push thru 17.90.. caution now.
you are right.
FATABA ( Date: 07-Oct-2015 14:17) Posted:
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See high sell before 2 ....
TTP still not ready yet
Is it not true may end at 1- 2 yr later for all countries to finalise or ........ the details ???????
.
Hold on tight .....these BB are buying up ( 3 days in a row)
Are they expecting a good set of Q result ...cant be all that bad with increase interest.
FATABA ( Date: 07-Oct-2015 10:57) Posted:
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they just turned buyers.....been selling for a month already
CummingBag ( Date: 07-Oct-2015 10:51) Posted:
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Sold some of my holding and surprise ...all buyers are BB ...UBS MS JPM.....( as my volume is small so cant really tell)
Hmm are they preparing for a major push or what. ?
appreciate all to share the buyers if any of us sell here. Thanks
CummingBag ( Date: 07-Oct-2015 10:51) Posted:
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Faint. Sold 17.10 to MACQUR.
CummingBag ( Date: 25-Sep-2015 10:07) Posted:
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Q3 result should be aro 1st Wk Nov. It shld still be a relatively profitable qtr.
Baring any unforseen news.....DBS should be testing 17 resistance soon :)
niteowl68 ( Date: 06-Oct-2015 10:26) Posted:
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Dbs gapped up 41c at the open to 16.92 in line with the strong performance of Dow overnight +304pts.
Now Bid 16.94, Ask 16.95.. next resistance is 17.00, watch if it can break up with Vol before establishing the next trend. Am not vested at this moment.
Brother, so for those of us who know how the game is played, need not worry abt buying bank n Stel stocks at what we judge to be at reasonably low px (when they are pressed down to bring the index down) to make a kill later on. If we have the means, we take the ride down with the BBs by averaging down (but do it within our means). We know that sonner or later they will bump these stocks back up (n sometimes spectacularly fast) in order to give the index a respectable look when other mkt indices are moving up. But for those holding pennies, like I said before, good luck.
n3wbie ( Date: 05-Oct-2015 12:51) Posted:
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the three banks alr comprise about 33% of the STI so naturally when they want to move the index, all three will move in tandem. SingTel is also one of the top 5 heaviest in terms of weightage therefore they will benefit most if STI gets a nice bump (such as today). will have to see if the momentum can continue.
Dow was up strongly +200 points last Fri n DBS gapped up this morning opening at 16.31 n traded up to a high of 16.40. It reached my Tp price last week. At this level, have to watch on the sidelines till a clearer trend emerges. Support last week was 16.00 and resistance 16.90.
For me, the sad truth is that index stocks are tools for rigging the index. Maybe, a lot of people have not come round to accepting this. But just watch. When index is moves, it' s usually the same few stocks that result in the movement - the three banks, Singtel, YZJ (recent addition). Ever wondered why the Jardine group got taken out of the index?
hlfoo2010 ( Date: 04-Oct-2015 21:20) Posted:
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Not fanny but let wait and see any strange things or events happenning ??????
3 hours ago, Reuters Videos
U.S. Coast Guard pilots have found a life ring from the missing cargo ship El Faro as Hurricane Joaquin threatens the Bahamas. Paul Chapman reports.