Others

3 BIG Spore banks ....:))

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

SG market is a joke. It' s so small without much good companies.

Can forget about high potentials companies listing here too.

uiop1223 ( Date: 09-Dec-2020 18:15) Posted:

I rather bet on US mkt. US mkt now all time high, sti not even recover pre covid.

FATABA ( Date: 09-Dec-2020 16:08) Posted:

SINGAPORE - Singapore' s economy will grow by 5.5 per cent in 2021 to end the nation' s worst recession ever, induced by the coronavirus pandemic, according to a central bank survey of professional forecasters.

The pace of growth can be even higher if the pandemic is contained by a successful deployment of vaccines worldwide, they said.

The prediction made by 23 economists and analysts in the Monetary Authority of Singapore (MAS) quarterly survey was unchanged from the previous forecast made in September.

5.5% growth wld be a great growth for any countries .....many wld envy and wish to be just back to growth .....
Our 3 banks will certainly b powering this growth on our STI .....hmmm wonder what wld be our bank TP by say mid JUNE 2021 ?
Dbs 28 ? UOB 27 ? OCBC 12/13 ? Just wondering haha STI shld be above 3000 then ?
Dyodd

I rather bet on US mkt. US mkt now all time high, sti not even recover pre covid.

FATABA ( Date: 09-Dec-2020 16:08) Posted:

SINGAPORE - Singapore' s economy will grow by 5.5 per cent in 2021 to end the nation' s worst recession ever, induced by the coronavirus pandemic, according to a central bank survey of professional forecasters.

The pace of growth can be even higher if the pandemic is contained by a successful deployment of vaccines worldwide, they said.

The prediction made by 23 economists and analysts in the Monetary Authority of Singapore (MAS) quarterly survey was unchanged from the previous forecast made in September.

5.5% growth wld be a great growth for any countries .....many wld envy and wish to be just back to growth .....
Our 3 banks will certainly b powering this growth on our STI .....hmmm wonder what wld be our bank TP by say mid JUNE 2021 ?
Dbs 28 ? UOB 27 ? OCBC 12/13 ? Just wondering haha STI shld be above 3000 then ?
Dyodd

FATABA ( Date: 09-Dec-2020 16:08) Posted:

SINGAPORE - Singapore' s economy will grow by 5.5 per cent in 2021 to end the nation' s worst recession ever, induced by the coronavirus pandemic, according to a central bank survey of professional forecasters.

The pace of growth can be even higher if the pandemic is contained by a successful deployment of vaccines worldwide, they said.

The prediction made by 23 economists and analysts in the Monetary Authority of Singapore (MAS) quarterly survey was unchanged from the previous forecast made in September.

5.5% growth wld be a great growth for any countries .....many wld envy and wish to be just back to growth .....
Our 3 banks will certainly b powering this growth on our STI .....hmmm wonder what wld be our bank TP by say mid JUNE 2021 ?
Dbs 28 ? UOB 27 ? OCBC 12/13 ? Just wondering haha STI shld be above 3000 then ?
Dyodd

Today DBS n UOB are pushing and holding STI above 2800 ....OCBC is still behind. but clear $10
Before banks result end Jan .....OCBC can and shld see10.50
However UOB is still a cool $2.50 behind DBS ? Even after the non favourable LVBank takeover .....hmm
Dyodd
Happy investing.

UOB to set up electronic FX pricing, trade engine in Singapore

New engine, to be launched by Q2 2021, will contribute to nation' s push to be region' s FX electronic trading centre

TUE, DEC 01, 2020 - 5:50 AM

RACHEL MUI[email protected]@RachelMuiBT

Singapore

UOB on Monday said it will set up an electronic foreign exchange (FX) pricing and trading engine in Singapore, acting as the hub to service the bank' s client franchise.

The new engine will be launched by the second quarter next year, the lender noted in a press statement...

Q3 corporate profits show signs of recovery amid rebound in economic activity

Outperformers for quarter include pandemic beneficiaries coronavirus seen continuing to be key market driver

TUE, DEC 01, 2020 - 5:50 AM

UPDATED TUE, DEC 01, 2020 - 10:04 AM

FOR the third-quarter ended September 2020, earnings for Singapore-listed companies, while still weaker than a year earlier, point to signs of a recovery as economies start to open up, said analysts.

Our 3 banks has shown this in their partial recovery of its prices .....toward Pre covid prices .....still room to go ?

the 3 banks are charging up again. leading the broard markets.up.

I let go of some DBS at $25.9X & bought UOB the next day. Think the negative yield bonds might be positive.

Looking at buying some DBS if price retreats more.

Huat ah !

FATABA ( Date: 26-Nov-2020 16:25) Posted:

Our banks have power up from STI 2600 to 2900 ....est aro 300pts or more .
It is normal to see some profit taking.
DBS is further affected by the India takeover issue ( I hope not for long)
DO note UOB n OCBC is still trading BELOW its book value and consolidation now is ok till the next rise
Ph 3 is coming and Spore will b on recovery phase ...esp Q1/Q2.
DONT FORGET the large PROVISION by all 3 banks .....( which will be put back if NOT use ....do we expect all provisions to be write off ? )

Our 3 banks are some of the best in the region / am sure many funds are targeting for growth in 2021 when vaccine is out >
So its NOT surprise to see this type of article / which anyone can point to the negative NIM ....
why dont we point the the Non interest profit portion / wealth mgt growth etc etc .....LOL
( in fact the more Maybank KE write ...the happier I am / what can we expect from this neighbor bank )
Dyodd ...vested
Happy investing.

CheeryVGoh ( Date: 26-Nov-2020 12:49) Posted:

Maybe. Better wait for other analysts' reports

add 563 branches - mostly in southern India - to DBS India' s current 34 branches in 24 cities, over two million retail accounts, more than 150,000 non-retail clients and about 4,400 employees, DBS said in a bourse filing on Wednesday night..........Under the scheme, its India unit will take over LVB' s 20,973 crore rupees (S$3.8 billion) in deposits and 13,505 crore rupees in net advances.
Hope its worth it ?

Singapore

THE formal nod from India' s central bank for DBS to take over cash-strapped Lakshmi Vilas Bank (LVB), announced on Wednesday, will pave the way for South-east Asia' s largest lender to gain full control of a sizeable branch network in India.

With this deal triggered by the Reserve Bank of India (RBI), LVB will cease to exist when its amalgamation into DBS India takes effect. All LVB branches will operate under the DBS brand name from Nov 27. This is unlike a typical acquisition, which, under India' s Banking Regulation Act, limits foreign investment in a local banking company to 74 per cent.

" Willingness may have been expressed by both sides," said a Jefferies report this week, pointing to hopes of a union from both RBI and DBS.

Our banks have power up from STI 2600 to 2900 ....est aro 300pts or more .
It is normal to see some profit taking.
DBS is further affected by the India takeover issue ( I hope not for long)
DO note UOB n OCBC is still trading BELOW its book value and consolidation now is ok till the next rise
Ph 3 is coming and Spore will b on recovery phase ...esp Q1/Q2.
DONT FORGET the large PROVISION by all 3 banks .....( which will be put back if NOT use ....do we expect all provisions to be write off ? )

Our 3 banks are some of the best in the region / am sure many funds are targeting for growth in 2021 when vaccine is out >
So its NOT surprise to see this type of article / which anyone can point to the negative NIM ....
why dont we point the the Non interest profit portion / wealth mgt growth etc etc .....LOL
( in fact the more Maybank KE write ...the happier I am / what can we expect from this neighbor bank )
Dyodd ...vested
Happy investing.

CheeryVGoh ( Date: 26-Nov-2020 12:49) Posted:

Maybe. Better wait for other analysts' reports

Starship ( Date: 26-Nov-2020 12:40) Posted:

Maybank ' jelly' that SG banks are doing well?

Maybe. Better wait for other analysts' reports

Starship ( Date: 26-Nov-2020 12:40) Posted:

Maybank ' jelly' that SG banks are doing well?

CheeryVGoh ( Date: 25-Nov-2020 18:08) Posted:

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

WED, NOV 25, 2020 - 4:22 PM

MAYBANK Kim Eng (MKE) has recommended investors take profit on the stocks of Singapore' s banking trio, given that their recent " too fast, too furious" run-up may be " unsustainable" .

In a research note on Tuesday, MKE downgraded all three to " sell" , two notches down from its previous " buy" rating on DBS and one notch down from its " hold" calls on UOB and OCBC.

It kept its target prices unchanged, though they now offer 2-8 per cent downside, at S$24.63 for DBS, S$9.29 for OCBC and S$21.24 for UOB, analyst Thilan Wickramasinghe wrote on Tuesday.

As at 3.57pm on Wednesday, DBS advanced 0.1 per cent or S$0.02 on the day to trade at S$25.62, OCBC fell 1.3 per cent or S$0.13 to S$10.15, while UOB dropped 1.3 per cent or S$0.30 to S$23.33.

The three banks have climbed more than 20 per cent since end-October, benefiting from the recovery trade catalysed by recent news of successful Covid-19 vaccine trials.

" We believe this is overdone and amplified by liquidity," the analyst said.

" Uncertainty that existed in October still remains non-performing loans (NPLs) are set to rise as moratoriums ease while borders remain closed, net interest margins (NIMs) continue to be under pressure, and dividend caps are unlikely to be lifted in 2021," he added.

Back in June, the three counters likewise saw gains as regional lockdowns were eased. But that was short-lived as the expected V-shaped economic recovery did not materialise, according to MKE.

It pointed to the bearish credit charge guidance which the trio largely maintained in their recently concluded Q3 2020 results season.

MKE said: " While we expect overall sector allowances to fall 46 per cent year on year in 2021, this is off a high base. In absolute terms, it is still 13 per cent higher than 2017 - the height of the offshore and marine crisis."

NPL visibility remains low due to loan moratoriums across the region. The repayment experience after Malaysia' s moratoriums were lifted in Q3 has been " benign" , but this is still too short a track record, the analyst wrote.

" We estimate NPLs may rise to 2.1 per cent next year - the highest since the global financial crisis," he added.

And despite the Covid-19 vaccine optimism, the brokerage believes an effective rollout and herd immunity being achieved may only be possible towards the end of 2021.

As for dividends, visibility is still muted, as clarity on the cap imposed by the Monetary Authority of Singapore (MAS) may come only near the end of H1 2021, MKE said.

MKE sees " a high chance" that MAS will roll forward 2020' s dividend cap - currently set at 60 per cent of 2019 total dividends - to 2021, given that capital ratios will likely be weaker than when the limit was first introduced in July.

The banking stocks' dividend yields for 2021 are estimated to come in at 3.2 per cent on average, versus 6 per cent for large-cap real estate investment trusts, making DBS, OCBC and UOB " uncompelling" as dividend plays at this time, according to Mr Wickramasinghe.

He prefers Singapore Exchange' s (SGX) stock to the three banks, as the bourse operator is set to benefit from market volatility as well as structural trends that are driving demand for its risk management products.

MKE has a " buy" call on SGX and a target price of S$10.77.

SGX shares moved up by 0.2 per cent or S$0.02 to trade at S$9.19 as at 3.58pm on Wednesday.

Maybank ' jelly' that SG banks are doing well?

CheeryVGoh ( Date: 25-Nov-2020 18:08) Posted:

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

WED, NOV 25, 2020 - 4:22 PM

MAYBANK Kim Eng (MKE) has recommended investors take profit on the stocks of Singapore' s banking trio, given that their recent " too fast, too furious" run-up may be " unsustainable" .

In a research note on Tuesday, MKE downgraded all three to " sell" , two notches down from its previous " buy" rating on DBS and one notch down from its " hold" calls on UOB and OCBC.

It kept its target prices unchanged, though they now offer 2-8 per cent downside, at S$24.63 for DBS, S$9.29 for OCBC and S$21.24 for UOB, analyst Thilan Wickramasinghe wrote on Tuesday.

As at 3.57pm on Wednesday, DBS advanced 0.1 per cent or S$0.02 on the day to trade at S$25.62, OCBC fell 1.3 per cent or S$0.13 to S$10.15, while UOB dropped 1.3 per cent or S$0.30 to S$23.33.

The three banks have climbed more than 20 per cent since end-October, benefiting from the recovery trade catalysed by recent news of successful Covid-19 vaccine trials.

" We believe this is overdone and amplified by liquidity," the analyst said.

" Uncertainty that existed in October still remains non-performing loans (NPLs) are set to rise as moratoriums ease while borders remain closed, net interest margins (NIMs) continue to be under pressure, and dividend caps are unlikely to be lifted in 2021," he added.

Back in June, the three counters likewise saw gains as regional lockdowns were eased. But that was short-lived as the expected V-shaped economic recovery did not materialise, according to MKE.

It pointed to the bearish credit charge guidance which the trio largely maintained in their recently concluded Q3 2020 results season.

MKE said: " While we expect overall sector allowances to fall 46 per cent year on year in 2021, this is off a high base. In absolute terms, it is still 13 per cent higher than 2017 - the height of the offshore and marine crisis."

NPL visibility remains low due to loan moratoriums across the region. The repayment experience after Malaysia' s moratoriums were lifted in Q3 has been " benign" , but this is still too short a track record, the analyst wrote.

" We estimate NPLs may rise to 2.1 per cent next year - the highest since the global financial crisis," he added.

And despite the Covid-19 vaccine optimism, the brokerage believes an effective rollout and herd immunity being achieved may only be possible towards the end of 2021.

As for dividends, visibility is still muted, as clarity on the cap imposed by the Monetary Authority of Singapore (MAS) may come only near the end of H1 2021, MKE said.

MKE sees " a high chance" that MAS will roll forward 2020' s dividend cap - currently set at 60 per cent of 2019 total dividends - to 2021, given that capital ratios will likely be weaker than when the limit was first introduced in July.

The banking stocks' dividend yields for 2021 are estimated to come in at 3.2 per cent on average, versus 6 per cent for large-cap real estate investment trusts, making DBS, OCBC and UOB " uncompelling" as dividend plays at this time, according to Mr Wickramasinghe.

He prefers Singapore Exchange' s (SGX) stock to the three banks, as the bourse operator is set to benefit from market volatility as well as structural trends that are driving demand for its risk management products.

MKE has a " buy" call on SGX and a target price of S$10.77.

SGX shares moved up by 0.2 per cent or S$0.02 to trade at S$9.19 as at 3.58pm on Wednesday.

This might be positive for UOB

Singapore

UOB has sold the first negative-yielding bond out of Singapore, and market watchers say it won' t be the last from the Singapore banks.

The bank priced one billion euros (S$1.6 billion) of seven-year covered bonds at 0.01 per cent. The reoffer spread of 17 basis points above the mid-swap - a reference point - equates to a reoffer yield of -0.21 per cent.

A negative bond yield is when an investor receives less money at the bond' s maturity than the original purchase price. Covered bonds are debt issued by banks, secured by a pool of assets, typically mortgages.

So is target price for Maybank now RM1??!! Hahaha.

CheeryVGoh ( Date: 25-Nov-2020 18:08) Posted:

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

WED, NOV 25, 2020 - 4:22 PM

MAYBANK Kim Eng (MKE) has recommended investors take profit on the stocks of Singapore' s banking trio, given that their recent " too fast, too furious" run-up may be " unsustainable" .

In a research note on Tuesday, MKE downgraded all three to " sell" , two notches down from its previous " buy" rating on DBS and one notch down from its " hold" calls on UOB and OCBC.

It kept its target prices unchanged, though they now offer 2-8 per cent downside, at S$24.63 for DBS, S$9.29 for OCBC and S$21.24 for UOB, analyst Thilan Wickramasinghe wrote on Tuesday.

As at 3.57pm on Wednesday, DBS advanced 0.1 per cent or S$0.02 on the day to trade at S$25.62, OCBC fell 1.3 per cent or S$0.13 to S$10.15, while UOB dropped 1.3 per cent or S$0.30 to S$23.33.

The three banks have climbed more than 20 per cent since end-October, benefiting from the recovery trade catalysed by recent news of successful Covid-19 vaccine trials.

" We believe this is overdone and amplified by liquidity," the analyst said.

" Uncertainty that existed in October still remains non-performing loans (NPLs) are set to rise as moratoriums ease while borders remain closed, net interest margins (NIMs) continue to be under pressure, and dividend caps are unlikely to be lifted in 2021," he added.

Back in June, the three counters likewise saw gains as regional lockdowns were eased. But that was short-lived as the expected V-shaped economic recovery did not materialise, according to MKE.

It pointed to the bearish credit charge guidance which the trio largely maintained in their recently concluded Q3 2020 results season.

MKE said: " While we expect overall sector allowances to fall 46 per cent year on year in 2021, this is off a high base. In absolute terms, it is still 13 per cent higher than 2017 - the height of the offshore and marine crisis."

NPL visibility remains low due to loan moratoriums across the region. The repayment experience after Malaysia' s moratoriums were lifted in Q3 has been " benign" , but this is still too short a track record, the analyst wrote.

" We estimate NPLs may rise to 2.1 per cent next year - the highest since the global financial crisis," he added.

And despite the Covid-19 vaccine optimism, the brokerage believes an effective rollout and herd immunity being achieved may only be possible towards the end of 2021.

As for dividends, visibility is still muted, as clarity on the cap imposed by the Monetary Authority of Singapore (MAS) may come only near the end of H1 2021, MKE said.

MKE sees " a high chance" that MAS will roll forward 2020' s dividend cap - currently set at 60 per cent of 2019 total dividends - to 2021, given that capital ratios will likely be weaker than when the limit was first introduced in July.

The banking stocks' dividend yields for 2021 are estimated to come in at 3.2 per cent on average, versus 6 per cent for large-cap real estate investment trusts, making DBS, OCBC and UOB " uncompelling" as dividend plays at this time, according to Mr Wickramasinghe.

He prefers Singapore Exchange' s (SGX) stock to the three banks, as the bourse operator is set to benefit from market volatility as well as structural trends that are driving demand for its risk management products.

MKE has a " buy" call on SGX and a target price of S$10.77.

SGX shares moved up by 0.2 per cent or S$0.02 to trade at S$9.19 as at 3.58pm on Wednesday.

fake news. will continue rally. look at dow jones. BUY MORE

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

WED, NOV 25, 2020 - 4:22 PM

MAYBANK Kim Eng (MKE) has recommended investors take profit on the stocks of Singapore' s banking trio, given that their recent " too fast, too furious" run-up may be " unsustainable" .

In a research note on Tuesday, MKE downgraded all three to " sell" , two notches down from its previous " buy" rating on DBS and one notch down from its " hold" calls on UOB and OCBC.

It kept its target prices unchanged, though they now offer 2-8 per cent downside, at S$24.63 for DBS, S$9.29 for OCBC and S$21.24 for UOB, analyst Thilan Wickramasinghe wrote on Tuesday.

As at 3.57pm on Wednesday, DBS advanced 0.1 per cent or S$0.02 on the day to trade at S$25.62, OCBC fell 1.3 per cent or S$0.13 to S$10.15, while UOB dropped 1.3 per cent or S$0.30 to S$23.33.

The three banks have climbed more than 20 per cent since end-October, benefiting from the recovery trade catalysed by recent news of successful Covid-19 vaccine trials.

" We believe this is overdone and amplified by liquidity," the analyst said.

" Uncertainty that existed in October still remains non-performing loans (NPLs) are set to rise as moratoriums ease while borders remain closed, net interest margins (NIMs) continue to be under pressure, and dividend caps are unlikely to be lifted in 2021," he added.

Back in June, the three counters likewise saw gains as regional lockdowns were eased. But that was short-lived as the expected V-shaped economic recovery did not materialise, according to MKE.

It pointed to the bearish credit charge guidance which the trio largely maintained in their recently concluded Q3 2020 results season.

MKE said: " While we expect overall sector allowances to fall 46 per cent year on year in 2021, this is off a high base. In absolute terms, it is still 13 per cent higher than 2017 - the height of the offshore and marine crisis."

NPL visibility remains low due to loan moratoriums across the region. The repayment experience after Malaysia' s moratoriums were lifted in Q3 has been " benign" , but this is still too short a track record, the analyst wrote.

" We estimate NPLs may rise to 2.1 per cent next year - the highest since the global financial crisis," he added.

And despite the Covid-19 vaccine optimism, the brokerage believes an effective rollout and herd immunity being achieved may only be possible towards the end of 2021.

As for dividends, visibility is still muted, as clarity on the cap imposed by the Monetary Authority of Singapore (MAS) may come only near the end of H1 2021, MKE said.

MKE sees " a high chance" that MAS will roll forward 2020' s dividend cap - currently set at 60 per cent of 2019 total dividends - to 2021, given that capital ratios will likely be weaker than when the limit was first introduced in July.

The banking stocks' dividend yields for 2021 are estimated to come in at 3.2 per cent on average, versus 6 per cent for large-cap real estate investment trusts, making DBS, OCBC and UOB " uncompelling" as dividend plays at this time, according to Mr Wickramasinghe.

He prefers Singapore Exchange' s (SGX) stock to the three banks, as the bourse operator is set to benefit from market volatility as well as structural trends that are driving demand for its risk management products.

MKE has a " buy" call on SGX and a target price of S$10.77.

SGX shares moved up by 0.2 per cent or S$0.02 to trade at S$9.19 as at 3.58pm on Wednesday.

Who's the culprit made STI drop? Who? Who? :(

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3 BIG Spore banks ....:))

UOB to set up electronic FX pricing, trade engine in Singapore

Q3 corporate profits show signs of recovery amid rebound in economic activity

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally

Broker' s take: Maybank KE downgrades DBS, OCBC, UOB to ' sell' on ' unsustainable' rally