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Get ready to long or short soon.....
9 long years ... that was when interest rates was last raised.. iPhones wasn' t around yet at that time..
FRC Yellen said that US economy is in good shape and the time is right to raise Fed rate...
Thurs this week we will know!
Overpriced they know more bad debts, bankruptcies will be file esp come next yr. Though i agree sg banks are considered safe havens but when financial tsunami hit, they will not be spare either, records and history had shown
Once Fed Decision is made, short or long BIG....it will run a few sessions
Ease further on lack of buying interest direction ..daylow at 17.42 and now Bid 17.43 Ask 17.44.
Dow futures now down 17.5 pts
niteowl68 ( Date: 16-Sep-2015 09:33) Posted:
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Should be a ding dong day with narrow trading band now 17.52 to day high of 17.64 as all still waiting for Feb rate hike confirmation..
BANKING ON A CRISIS SOR SOARING
http://www.dbs.com.sg/personal/loans/home-loans/rising-sor.page?pid=sg-dbs-pweb-home-heroblock-homeloans-rising-sor-btncontactus
DBS kept at ' buy' by HSBC, target price cut to $23.60 |
Date: 08/09/2015
SINGAPORE (Sept 8): HSBC Global Research reckons that DBS Bank is still a " buy" despite the stock having fallen 18% from its peak following its 2QFY15 results and China' s devaluation of the renminbi.
The research house argues the uptrend in the swap offer rate and three-month SIBOR should provide some support for the bank' s net interest margin outlook in 4Q15E and beyond.
" At this juncture, we would say that it is not as bad as it seems," HSBC analyst Loo Kar Weng writes in a note on Tuesday.
SINGAPORE (Sept 8): HSBC Global Research reckons that DBS Bank is still a " buy" despite the stock having fallen 18% from its peak following its 2QFY15 results and China' s devaluation of the renminbi.
The research house argues the uptrend in the swap offer rate and three-month SIBOR should provide some support for the bank' s net interest margin outlook in 4Q15E and beyond.
" At this juncture, we would say that it is not as bad as it seems," HSBC analyst Loo Kar Weng writes in a note on Tuesday.
Report from Morgan Stanley ...Sept 9th
We align our rates estimates with the global banks team. An assessment of wherecredit risks lie leads us to lower PTs by 1.9%- 5.9%. but westill see 26-28% upside. DBS and OCBC preferred.
What' s Changed?
From: To:
ASEAN Financials DBSM.SI S$23.27 S$21.92
OCBC.SI S$11.67 S$11.30
UOBH.SI S$24.69 S$24.24
Our global banks team have published a Global Insight report in which we align the rates inputs in our earnings estimate s. We now seta base caseassuming rates riseaccording to the Fed futures curve,and as a result have made minor changes to our basecaseEPS estimates.We also reset our bull, baseand bear casescenarios and lower PTs by 1.9%-5.9%.
Singapore banks remain the best positioned in ASEAN for our base case rate environment: We see 26-28% upside. Our preferenceis based on NIM benefits and therisks rising US rates present for the moreemerging sectors in ASEAN.Weare now also ableto placeSingapore banks in a global contextas regards rateincreases. In our view, Asian rate-sensitive banks benefit relative to global banks in the' Goldilocks scenario' of thecurrentFed funds future curve. However, if rates rise too quickly, this would create credit risk relativeto global peers.Wererates to rise moreslowly than currently forecast, that would probably providea boost for more emerging ASEAN banks.
Focusing on the bear case: In our view,Singapore banks would see significant upsidein th eevent of rates rising in line with our basecase. However, given current uncertainties, share prices aresuggesting wesee something between this and our bear case.This report thereforeexplores the risks. Our analysis of current ' hot topics' suggests that the biggest risk to Singaporeloan books is their US$ exposureto thecommodities sector, especially loans booked out ofSingapore, Malaysia and Indonesia, rather than their exposures to China. In this case,all the banks havec.6-12% of loans in risk areas. Our bear casensuggests 60-90bps loan loss chargein both 2016e and 2017eand is weighted at 20% in our pricetargets. Current share prices suggests a more aggressive 62%-67% weighting.
DBS and OCBC remain preferred:We see upside potential for all the Singapore banks and similar near-term risks for OCBC and UOB,although we also see more upsidefor OCBC if it is successful in driving its wealth strategy. DBS is less exposed to credit risk than widely assumed, in our view,and benefits morefrom rising rates.Weremain less convinced on UOB' s long-term growth prospects relativeto peers and retain an EW.
DBS ease further to 17.51 after opening at 17.55 n went to a day high of 17.64.. still waiting for Fed rate hike decision. Watch from sidelines..
Rangebound as no direction.. May be like what u said .. waiting for Fed rate hike n wats going to happen after that..
Immortal ( Date: 14-Sep-2015 10:36) Posted:
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This week is week of reckoning......we will know soon the direction of the next move
would you rather trust the Citi' s Chief Economist when he says that China IS ' Financially Out of Control" or the economist wannabes obfuscating gabbage in their well worn pyjamas and undies here?
If DBS is to pop down, 16 is a possibility.
Commonwealth Bank customers without money after technical glitch
By Ingrid Fuary-Wagner | Yahoo7 Finance &ndash 2 hours 20 minutes agoCommonwealth Bank customers have been affected by a widespread technical outage this morning that has left services such as net banking, EFTPOS services, ATMs, credit cards and mobile banking out of action.Commonwealth Bank customers have been affected by a widespread technical outage this morning that has left services such as net banking, EFTPOS services, ATMs, credit cards and mobile banking out of action.........
MARK My words.. this will NOT Happen next week !!
Chinese Mkts hd deflated their bubbles and USA/ European Mkts had corrected too. USA and Europe economy is doing alright and if everybody is wary of a crash and once everyone is prepared, the crash will not happen. Only euphoria and irrational exuberance at the extreme creating overly high mkt valuations n stock market bubbles at the time when everyone (including shoe shine boys) is super confident about bull mkt, then a crash will come.. most unexpectedly.
Immortal ( Date: 10-Sep-2015 09:50) Posted:
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The date is Sep 15 onwards. google shemitah and you can find out more. Just in case it is true......
You mean by Mon ?
The fear is market will crash next week....end of the 7 years Jewish Jubilee cycle
Sold down to a low of 17.60 and recovered now Bid at 17.64, Ask 17.65.
No near term catalyst for share to go up as external factors play a bigger role.. performance of China Mkts and Fed rate hike will likely influence this counter.