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3 BIG Spore banks ....:))

tongphlp      ( Date: 18-Nov-2020 12:46) Posted: POWER!

 

POWER!

 

Not yet ....long way to go 
I hv been saying our banks are way below book value .......
1. Wait for them to climb back to book and EXCEED .....good times they can trade at 1.3X 
2. Funds flow are coming in last few weeks . 
3. Global recovery are expecting the available of vaccine/SSS  not one but several candidates now ...by early net yr 
4. More trade deal signed ...w Biden the TPP look very good potential 
The list goes on and on ,, patiently awaiting 
Dyodd

john_ric      ( Date: 18-Nov-2020 10:03) Posted: The bank's are on the way to pre covic l level.good.

 

The bank's are on the way to pre covic l level.good.

 

FATABA      ( Date: 18-Nov-2020 09:47) Posted: SINGAPORE, INDIA, 17 November 2020 - The Reserve Bank of India (RBI) has announced a draft scheme to amalgamate Lakshmi Vilas Bank with DBS Bank India Ltd (DBIL). The proposed scheme of amalgamation is under the special powers of the Government of India and RBI under Section 45 of the Banking Regulation Act, 1949. Lakshmi Vilas Bank has a 94-year history in India, with an established retail and SME customer base, and a strong presence in South India. DBS has been in India since 1994. In March 2019, to expand the franchise and build greater scale, DBS converted its India operations to a wholly owned subsidiary, DBIL. DBIL is now present in 24 cities across 13 states.  GOOD news for DBS .....this will GROW its market reach into India.......no wonder it price rise today  UOB has a lot of catching up  OCBC look very good for the magic $10 .....and CEO seem to be accumulating CASH ....for ? ( a takeover or what / speculate )  DYODD  Happy investing.

 

SINGAPORE, INDIA, 17 November 2020 - The Reserve Bank of India (RBI) has announced a draft scheme to amalgamate Lakshmi Vilas Bank with DBS Bank India Ltd (DBIL). The proposed scheme of amalgamation is under the special powers of the Government of India and RBI under Section 45 of the Banking Regulation Act, 1949. Lakshmi Vilas Bank has a 94-year history in India, with an established retail and SME customer base, and a strong presence in South India. DBS has been in India since 1994. In March 2019, to expand the franchise and build greater scale, DBS converted its India operations to a wholly owned subsidiary, DBIL. DBIL is now present in 24 cities across 13 states. 

GOOD news for DBS .....this will GROW its market reach into India.......no wonder it price rise today 

UOB has a lot of catching up 

OCBC look very good for the magic $10 .....and CEO seem to be accumulating CASH ....for ? ( a takeover or what / speculate ) 

DYODD 
Happy investing. 

 

At current price ..UOB 21.70, and OCBC 9.70 ....both are trading at 0.9X book value.....while DBS has ZOOM back to 1.15X
There are some positive factors for our banks come end of Q4/////
1. OCBC n UOB will be definately giving out dividend ....and surprise side is wld it be higher ?  ( Mas has not cap 2021 dividend yet ) 
Also , all 3 banks can afford to pay higher dividends as their payout ration are aro 50% or so 
2. Better trade and economy are expected for current qtr. 
3. LARGE provision are taken by ALL 3 banks....with all 3 reporting no major bad loan expected ( let us hope so ) ....then in 2021 these povisions would be ??

So would we be seeing our banks trading at 1.1/1,2 X their book ?  maybe not in 2020 ...but come 2021 
Dyodd 
Happy invesitng.
 

 

Roger yr msg. Great value.

Xie xie !

Starship      ( Date: 12-Nov-2020 14:27) Posted: CheeryVGoh      ( Date: 12-Nov-2020 12:51) Posted: OCBC & UOB both trading below book value, I see value in them too. Am still holding DBS but sold some when CD. Want to buy back DBS , but at lower price. Cheers!

 

CheeryVGoh      ( Date: 12-Nov-2020 12:51) Posted: OCBC & UOB both trading below book value, I see value in them too. Am still holding DBS but sold some when CD. Want to buy back DBS , but at lower price. Cheers!  FATABA      ( Date: 12-Nov-2020 12:47) Posted: This is a tough question , .. Assuming all things go well ...Biden take over, Vaccine avail by next year .  Ph3 go well n infection rate controlled .....not a straight line of course I wld honestly see the econ recovery into 2021/22.  Currently UOB n OCBC do hv better value for P/BV esp for OCBC .  DBS to go back to 27/28 is possible in longer term . But above 23 now I am afraid to add ...lol  Its trading at 1.16X now .  Just my view

 

OCBC & UOB both trading below book value, I see value in them too.

Am still holding DBS but sold some when CD. Want to buy back DBS , but at lower price.

Cheers! 

FATABA      ( Date: 12-Nov-2020 12:47) Posted: This is a tough question , .. Assuming all things go well ...Biden take over, Vaccine avail by next year .  Ph3 go well n infection rate controlled .....not a straight line of course I wld honestly see the econ recovery into 2021/22.  Currently UOB n OCBC do hv better value for P/BV esp for OCBC .  DBS to go back to 27/28 is possible in longer term . But above 23 now I am afraid to add ...lol  Its trading at 1.16X now .  Just my view  CheeryVGoh      ( Date: 12-Nov-2020 12:41) Posted: Bro Fataba, Both are steady. DBS coming down quite a bit after XD. You think can buy some DBS at what price?

 

This is a tough question , ..
Assuming all things go well ...Biden take over, Vaccine avail by next year .  Ph3 go well n infection rate controlled .....not a straight line of course

I wld honestly see the econ recovery into 2021/22. 
Currently UOB n OCBC do hv better value for P/BV esp for OCBC . 
DBS to go back to 27/28 is possible in longer term . But above 23 now I am afraid to add ...lol 
Its trading at 1.16X now .  Just my view 

CheeryVGoh      ( Date: 12-Nov-2020 12:41) Posted: Bro Fataba, Both are steady. DBS coming down quite a bit after XD. You think can buy some DBS at what price?   FATABA      ( Date: 12-Nov-2020 09:25) Posted: UOB is play catching up .....v slowly  OCBC is steady ....more to go  Dyodd

 

Bro Fataba,

Both are steady.

DBS coming down quite a bit after XD.

You think can buy some DBS at what price?
 

FATABA      ( Date: 12-Nov-2020 09:25) Posted: UOB is play catching up .....v slowly  OCBC is steady ....more to go  Dyodd

 

UOB is play catching up .....v slowly 
OCBC is steady ....more to go 
Dyodd

 

OCBC well done ......on yu go 

FATABA      ( Date: 11-Nov-2020 13:06) Posted: After yesterday super charge of our 3 banks ,,,,,,the profit taking seem to be well absorpted ..... DBS wld be trading XD tmr ....shld test the 24 support ? OCBC in my opinion is awaiting the next rise once it breaks 9.50 level ....hopefully by this week .  UOB ....pls catchup w big bro DBS lah  Dyodd

 

Certainly Singapore justify having FT like Mr Gupta .  Our small little red dot really cant produce enough talent w great global outlook and knowledge. 
Dbs w him leading is on growth for more yrs to come. 
Dyodd

Gupta bested other CEOs in volume of media mentions due to his frequent communications on DBS' effort to navigate the COVID-19 pandemic, as well as publicly speaking out on issues surrounding his citizenship during his appointment as CEO.

Meanwhile, Wilmar International CEO Kuok Khoon Hong was named as CEO with the " most favourable" mentions, following the company' s $7m donation and positive performance this year.

Singapore Airlines CEO Goh Choon Phong was also commended for being the first to address the issues surrounding the company' s staff layoffs and pay cuts.

" The report identifies how CEOs of Singapore' s top brands have distinguished themselves during a challenging year, while illustrating how in-depth communications analysis provides a strategic advantage to organisations navigating uncertainty," CARMA ASIA Managing Director Andrew Nicholls said.

 

After yesterday super charge of our 3 banks ,,,,,,the profit taking seem to be well absorpted .....

DBS wld be trading XD tmr ....shld test the 24 support ?
OCBC in my opinion is awaiting the next rise once it breaks 9.50 level ....hopefully by this week . 
UOB ....pls catchup w big bro DBS lah 
Dyodd

 

Banks avert cliff scenario with loans moratorium earnings stabilise and P/NAV at 10-year lows

Banks have had a better 3QFY2020 compared to their 2QFY2020. The biggest surprise was Oversea-Chinese Banking Corp&rsquo s (OCBC) net profit which rose 41% q-o-q to $1.03 billion. This came on the back of a tailwind from non-interest income, including that from Great Eastern Holdings, and lower general provisions compared to 2Q2020.

Our banks are some of the most conservative and prudent ....high provision are done in past qtrs. 
( say OCBC if not wrong ...Q1 650m, Q2 750m , Q3 350m .....) wow ...which other bank in this region can afford this provision . 
Come 2021/22 ....if ALL these provision are not use ...LOL 
DBS is back running way ahead .....w OCBC and UOB STILL TRADING BELOW ITS BOOK ( hmm ) 
W vaccine n Biden admin incharge ....global trade is expected to return .  Spore government has position us WELL for a 
recovery ...... growth will return ( just a matter of how fast n how much ) 
Happy investing vested 
 

 

LOL Trump fire his defence secretary on Monday 

Biden Transition team calls on Federal Agency to declare winner ........this will force Trumpet out 
He will definately continue to make trouble ....but means worst for him in the future 

 

Yes, and then the National Guard has to be called up!

uiop1223      ( Date: 10-Nov-2020 10:36) Posted: He cant. The judges throw his lawsuits out. The risk event is his armed supporters go into riot Starship      ( Date: 10-Nov-2020 10:18) Posted: Unless Trump decides to create havoc again  just to spite Biden

 

Whatever he do to HK actually is positive for Singapore LOL 
( recent ANT fight w CCP is also good for us as potential IPO site ) 

As for Trump ...globally not many countries recognise him as President now / LOL  France n Germany alrdy sideline him 
( only russia , N Korea n China awaiting ..haha ...does that matter ?) 

ONLY worry is riot for his die hard supporter ( OWN american people ) which Biden is trying to unite .....as long as this DONT snowball into big issue...
Market has react positively to Biden n Vaccine now . 
 

Starship      ( Date: 10-Nov-2020 10:41) Posted: He doesn' t have to go to Courts to create havov. Bloomberh tv just now reported Trump has imposed more sanctions on HK again overnight. uiop1223      ( Date: 10-Nov-2020 10:36) Posted: He cant. The judges throw his lawsuits out. The risk event is his armed supporters go into rio