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3 BIG Spore banks ....:))

That' s a tough one.....can call a friend? :)

FATABA      ( Date: 29-Dec-2020 09:52) Posted: LOL anyone/countries  want the SGX ceo ??    tongphlp      ( Date: 29-Dec-2020 09:43) Posted: Or play musical chairs...let each chief of the stock exchanges rotate around and see how they perform :

 

LOL anyone/countries  want the SGX ceo ??   

tongphlp      ( Date: 29-Dec-2020 09:43) Posted: Or play musical chairs...let each chief of the stock exchanges rotate around and see how they perform :) FATABA      ( Date: 29-Dec-2020 09:39) Posted: This is CCP shit .....after dropping of ANT IPO and several internal issue.....CHarles Li is expected to go ( how to stand a CCP controlled stock Xchange)  Definately he will go somewhere. However I think SGX hiring him will be SUPER sensitive ( against CCP LOL ) ......most likely he will go oversea  . LOL Aus will welcome him  However HKEX is dimming down and could benefit Singapore more as the true financial centre for Asia I hope

 

Or play musical chairs...let each chief of the stock exchanges rotate around and see how they perform :)

FATABA      ( Date: 29-Dec-2020 09:39) Posted: This is CCP shit .....after dropping of ANT IPO and several internal issue.....CHarles Li is expected to go ( how to stand a CCP controlled stock Xchange)  Definately he will go somewhere. However I think SGX hiring him will be SUPER sensitive ( against CCP LOL ) ......most likely he will go oversea  . LOL Aus will welcome him  However HKEX is dimming down and could benefit Singapore more as the true financial centre for Asia I hope  Starship      ( Date: 29-Dec-2020 09:33) Posted: Wow, HKEX' s CEO --- Charles Li ---- resigns on 31 Dec 20 due to differences with some ppl inside. He is attributed to HKEX' s great success in recent years in attracting the big tech names back into HK and also the HK-China Connect, etc. SGX should hire him and Make SGX Great Agaain !!!!!!!

 

This is CCP shit .....after dropping of ANT IPO and several internal issue.....CHarles Li is expected to go ( how to stand a CCP controlled stock Xchange) 
Definately he will go somewhere. However I think SGX hiring him will be SUPER sensitive ( against CCP LOL ) ......most likely he will go oversea 
. LOL Aus will welcome him 
However HKEX is dimming down and could benefit Singapore more as the true financial centre for Asia I hope 

Starship      ( Date: 29-Dec-2020 09:33) Posted: Wow, HKEX' s CEO --- Charles Li ---- resigns on 31 Dec 20 due to differences with some ppl inside. He is attributed to HKEX' s great success in recent years in attracting the big tech names back into HK and also the HK-China Connect, etc. SGX should hire him and Make SGX Great Agaain !!!!!!!  tongphlp      ( Date: 29-Dec-2020 09:28) Posted: Yah, no wonder some in the forum said SGX/STI is a clown :

 

ok can!

Starship      ( Date: 29-Dec-2020 09:33) Posted: Wow, HKEX' s CEO --- Charles Li ---- resigns on 31 Dec 20 due to differences with some ppl inside. He is attributed to HKEX' s great success in recent years in attracting the big tech names back into HK and also the HK-China Connect, etc. SGX should hire him and Make SGX Great Agaain !!!!!!!  tongphlp      ( Date: 29-Dec-2020 09:28) Posted: Yah, no wonder some in the forum said SGX/STI is a clown :

 

Wow, HKEX' s CEO --- Charles Li ---- resigns on 31 Dec 20 due to differences with some ppl inside.
He is attributed to HKEX' s great success in recent years in attracting the big tech names back into HK and also the HK-China Connect, etc.
SGX should hire him and Make SGX Great Agaain !!!!!!! 

tongphlp      ( Date: 29-Dec-2020 09:28) Posted: Yah, no wonder some in the forum said SGX/STI is a clown :) FATABA      ( Date: 29-Dec-2020 09:26) Posted: Walau ,,,,,global market up but our 3 banks sleepig for the holiday mood .....wake up STI need your movement.

 

Yah, no wonder some in the forum said SGX/STI is a clown :)

FATABA      ( Date: 29-Dec-2020 09:26) Posted: Walau ,,,,,global market up but our 3 banks sleepig for the holiday mood .....wake up STI need your movement.

 

Walau ,,,,,global market up but our 3 banks sleepig for the holiday mood .....wake up STI need your movement. 

 

Singapore factory output up 17.9% in November on pharma, semicon boom
THU, DEC 24, 2020 - 1:00 PM

SINGAPORE' S factory output was back on track in November, after an earlier decline, as plants in the volatile pharmaceuticals segment roared to life.

Industrial production surged by 17.9 per cent year on year, after a shock dip of 0.8 per cent in October, Economic Development Board (EDB) data showed on Thursday.

Manufacturing performance, fuelled by both biomedical and electronics clusters, handily beat the estimate of 14.1 per cent growth from analysts in a Bloomberg poll.

But, even excluding the volatile biomedical manufacturing cluster, factory output rose by 14 per cent, against the fall of 2.7 per cent in the month before.

Biomedical output jumped by 40.6 per cent in November, up from 10.7 per cent in October.

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Meanwhile, Singapore' s lynchpin electronics segment clocked 34.9 per cent growth to reverse the previous month' s 1.1 per cent slip.

Although all segments expanded except infocomms and consumer electronics, the increase was fuelled by the semiconductor segment, which EDB attributed to demand from 5G markets and a low year-ago base.

The electronics-adjacent precision engineering industry raised output by 7.3 per cent, led by semiconductor equipment in the machinery and systems segment.

And the chemicals cluster overcame October' s 0.6 per cent decline to grow 10.1 per cent in November.

To be sure, the petroleum segment extended its double-digit losing streak to shrink by 31.7 per cent, on continued weak demand amid the Covid-19 pandemic. But this loss was offset by 25.1 per cent growth in petrochemicals, after a year-ago low base from maintenance shutdowns, while speciality chemicals expanded by 8.9 per cent by churning out industrial gases and mineral oil additives.

On the other hand, the pandemic-hit transport engineering cluster registered a 29.5 per cent contraction in output, as higher production of land vehicle parts could not make up for the declines in marine and offshore engineering and aerospace.

" The levels of activity in the aerospace firms and shipyards remained low as new orders were adversely impacted by travel restrictions and weak global oil and gas market," the EDB said in its monthly manufacturing report.

General manufacturing was the other big loser, contracting by 13.3 per cent with all industries in the red, with the EDB noting factors such as lower production of drinks and milk powder, and " weak demand for construction-related products" .

On a seasonally adjusted, month-on-month basis, Singapore' s manufacturing sector grew by 7.2 per cent in November, or 6 per cent with biomedical output excluded.

The latest EDB figures take Singapore' s year-on-year production growth to 6.5 per cent for the first 11 months of 2020, or 2.1 per cent without biomedical manufacturing.

https://www.businesstimes.com.sg/government-economy/singapore-factory-output-up-179-in-november-on-pharma-semicon-boom

 

FATABA      ( Date: 17-Dec-2020 10:19) Posted: 2021 maybe a good recovery year for this island state ......many may not appreciate the background work and effort behind the scene during the long  mths of the pandemic by the government .  When Korea can build EV in Singapore is real testament to our status .  HK has in some way lost in shine ( what CHINA did is not going to be cancel when Biden takes over / in fact it shld be even tougher w EU on Biden side now ) .....Spore and ASEAN will benefit much more .  Vietnam is one good example .  Our 3 banks will power our STI to 3000 or more ?  yr guess is as good as mine .  Dyodd  Happy investing.  Global tech giants' moves in Singapore a boon to talent ecosystem Zoom, iQiyi among latest names drawn to Republic as regional springboard because of its tech efforts, governance, neutral geopolitical stance THU, DEC 17, 2020 - 5:50 AM

 

2021 maybe a good recovery year for this island state ......many may not appreciate the background work and effort behind the scene during the long 
mths of the pandemic by the government .  When Korea can build EV in Singapore is real testament to our status .  HK has in some way lost in shine ( what CHINA did is not going to be cancel when Biden takes over / in fact it shld be even tougher w EU on Biden side now ) .....Spore and ASEAN will benefit much more .  Vietnam is one good example . 
Our 3 banks will power our STI to 3000 or more ?  yr guess is as good as mine . 
Dyodd 
Happy investing. 


Global tech giants' moves in Singapore a boon to talent ecosystem

 

Good ...our 3 banks are again powering up our STI today .....2870 now .....
Will STI closed above 2900 this year or more ? 
Dyodd 
Happy investing. 

FATABA      ( Date: 15-Dec-2020 10:54) Posted: There are 2 main factors that Spore banks wld be hving more room to move UP in 2021 ...... 1. Large provisions are set aside during the last 3Q during pandemic ...which I dont believe wld be use up at all . W phase 3 and vaccines roll out , I think a good  part of this provision wld NOT be use....DONT forget from the below report ....this is a BIG sum  " " " To put the scale of the general provisions at DBS another way, they amounted to more than 40 per cent of the group' s reported net profit for the first three quarters of the year. For OCBC and UOB, general provisions for the first three quarters of 2020 were equivalent to about 33 per cent of their reported net profits.   This provides the three local banks with a substantial cushion with which to cope with any deterioration in asset quality in 2021. It also positions them well to quickly flex their dividend paying capacity if MAS were to decide in the next few weeks to loosen or completely lift its cap on dividends.***** 2. Dividend cap ....This is still a ?? IF BY ANY MEANS .... all 3 banks have enough $$ to provide a higher diivdend .....Europe is leading this and 2021 may see a return to higher dividend .    3. DONT FORGET ....ocbc and UOB are still trading BELOW its book value ......and all 3 banks are PROFITABLE .... It is not a difficult call to know where FUNDS choose to park their $$ in 2021 !! Above are just my views. ( vested )  Happy investings.      The three banks are not as cheap as they once were though. DBS is currently trading at almost 1.26 times its net asset value (NAV). UOB is trading about 1 per cent above its NAV, while OCBC is trading 5.4 per cent below its NAV." "

 

 

 

Think banks will be the first to recovery
feeling excited tmr... yeah..
 

 

Tomorrow will be a crazy fantastic green day again!!!

 

 

The Local Banks will all benefit from relaxations on Group Size at gatherings and offices - as businesses grow and profits resume - Local Banks will benefit and grow - and the risk of provisioning (and hopefully even write-back of provisions already made) will reduce.

 

&lsquo I contend that the so-called conventional banks are already quite digitalized, in part accelerated by the COVID-19 pandemic, and their advantage as a omnichannel bank (i.e., offering comprehensive digital services while leveraging the already significantly scaled down brick-and-mortar presence) should never be underestimated.&rsquo &mdash   Professor Duan Jin-Chuan, Professor of Finance, NUS Business School

Digital banking new players wld give little issue to our 3 giants ....as they are alrdy in DB for some time and more so now w a good head start. 
Dyodd

 

Just reduce the cap wld be great for our 3 banks ....no need to totally remove also ok ......LOL 

Starship      ( Date: 11-Dec-2020 14:59) Posted: BoE Permits HSBC HOLDINGS, STANCHART, etc to Resume Div Payment 2020/12/11 08:21 The Bank of England permitted lenders like HSBC HOLDINGS to resume paying dividends and bonuses as they are well-capitalized to withstand any further fallout from the pandemic, reported Reuters. The BoE had declared in March that Britain&rsquo s seven biggest banks were banned from dividend payment and share buyback until end-2020, and to cancel payments of any  outstanding 2019 dividends. http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1062457/latest-news