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3 BIG Spore banks ....:))

You can say that again. They are excellent, provided u do not buy them too dear

 

All 3 banks are good to have in our portfolio.

FATABA      ( Date: 05-Nov-2020 10:07) Posted: Note all 3 banks has sufficient provision ...to see them for any further bad loans.    and IF NOT USE ...it will be back to profit in 2021...... Dyodd  Happy investing.

 

Note all 3 banks has sufficient provision ...to see them for any further bad loans.   
and IF NOT USE ...it will be back to profit in 2021......
Dyodd 
Happy investing.

 

The 3 banks is leading the charge ....path to recovery w Biden win .   

OCBC result is good ... 
Both DBS n OCBC grow fee and AUM income well in such econ condition . 
As expected DBS continue w 18c dividend 
UOB is catching up .....hard to see DBS above 22 and yet UOB is below 21 ???  Now nearly $2 different ? ( hmmmmm) 
All 3 banks are performing better then expect esp w current condition 

Longer term ...w full year result ....and DIVIDEND FOR Q4 .....:))  plus a Biden win 

DYODD ...

 

Ya good & the world going to party tonight with Blue waves winning.

OngBak      ( Date: 05-Nov-2020 08:43) Posted: Top3 banks today hosay CheeryVGoh      ( Date: 05-Nov-2020 08:36) Posted: Biden only needs to win Nevda (6 votes), which he 100pct could. NV is a strong state of the Blue. DT will be moving out of WH soon.

 

https://www.businesstimes.com.sg/companies-markets/dbs-q3-profit-skids-20-ocbcs-earnings-drop-12

 

Top3 banks today hosay

CheeryVGoh      ( Date: 05-Nov-2020 08:36) Posted: Biden only needs to win Nevda (6 votes), which he 100pct could. NV is a strong state of the Blue. DT will be moving out of WH soon. OngBak      ( Date: 05-Nov-2020 08:28) Posted: Currently Biden 264 vs DT 214 Just need a small step forward

 

Biden only needs to win Nevda (6 votes), which he 100pct could. NV is a strong state of the Blue. DT will be moving out of WH soon.

OngBak      ( Date: 05-Nov-2020 08:28) Posted: Currently Biden 264 vs DT 214 Just need a small step forward CheeryVGoh      ( Date: 04-Nov-2020 16:33) Posted: Ya tmr morning we will know. DT is winning, more roller coasters ride ahead

 

Currently Biden 264 vs DT 214 Just need a small step forward

CheeryVGoh      ( Date: 04-Nov-2020 16:33) Posted: Ya tmr morning we will know. DT is winning, more roller coasters ride ahead. FATABA      ( Date: 04-Nov-2020 16:29) Posted: Base on GE result n UOB .....I am very concern on the $$ set aside for badloans by OCBC ....been normally conservative ...this can be important on their Q3.  Other then that , I think OCBC shld be performing a better Q3 then Q2.  ANyway ...tmr morning we were know .  Currently ....USA election situation is affecting STI far more. :(

 

It may even be weeks before we have a new president. So trade very carefully over this month. Bank news this week should reveal further provisions for bad debts and a conservative outlook in the face of uncertainties in the world polically and pandemically.

 

Ya tmr morning we will know.

DT is winning, more roller coasters ride ahead.

FATABA      ( Date: 04-Nov-2020 16:29) Posted: Base on GE result n UOB .....I am very concern on the $$ set aside for badloans by OCBC ....been normally conservative ...this can be important on their Q3.  Other then that , I think OCBC shld be performing a better Q3 then Q2.  ANyway ...tmr morning we were know .  Currently ....USA election situation is affecting STI far more. :(( CheeryVGoh      ( Date: 04-Nov-2020 16:25) Posted: Great Eastern Holdings:  The insurance arm of OCBC on Wednesday posted a  40 per cent rise in net profit to S$287.9 million  for the third quarter ended Sept 30, from S$205.1 million a year ago. This was mainly due to the higher valuation of investments, on the back of improved financial market conditions during the quarter, the company said. Great Eastern shares closed flat at S$17.78 on Tuesday. Good for OCBC.

 

Base on GE result n UOB .....I am very concern on the $$ set aside for badloans by OCBC ....been normally conservative ...this can be important on
their Q3.  Other then that , I think OCBC shld be performing a better Q3 then Q2. 
ANyway ...tmr morning we were know . 
Currently ....USA election situation is affecting STI far more. :((

CheeryVGoh      ( Date: 04-Nov-2020 16:25) Posted: Great Eastern Holdings:  The insurance arm of OCBC on Wednesday posted a  40 per cent rise in net profit to S$287.9 million  for the third quarter ended Sept 30, from S$205.1 million a year ago. This was mainly due to the higher valuation of investments, on the back of improved financial market conditions during the quarter, the company said. Great Eastern shares closed flat at S$17.78 on Tuesday. Good for OCBC.

 

Great Eastern Holdings:  The insurance arm of OCBC on Wednesday posted a  40 per cent rise in net profit to S$287.9 million  for the third quarter ended Sept 30, from S$205.1 million a year ago. This was mainly due to the higher valuation of investments, on the back of improved financial market conditions during the quarter, the company said. Great Eastern shares closed flat at S$17.78 on Tuesday.

Good for OCBC.

 

House still may goes to Rep .....but as of now ....Biden lead in the Senate n most likely President .
Go go 

 

I am heartened by their pre-emptive credit provisioning in view of the uncertainties from COVID 19 pandemic. CET1 ratio of 14% seems adequate for now, only just for now. All in all, a heartening result well within expectations.

FATABA      ( Date: 04-Nov-2020 08:53) Posted: UOB Group (" Group" ) reported 3% quarter-on-quarter (" QoQ" ) improvement in operating profit for the third quarter of 2020 (" 3Q20" ) as margins and fees recovered. Net earnings for 3Q20 was S$668 million, 5% lower than the second quarter of 2020 (" 2Q20" ) and 40% lower than the third quarter of 2019 (" 3Q19" ), due to the pre-emptive build-up of credit allowance of S$339 million this quarter. Net earnings for the first nine months of 2020 (&ldquo 9M20&rdquo ) stood at S$2.23 billion, 33% lower than a year ago. The softer performance was a result of declining margins, slower customer activities and pre-emptive credit provisioning in view of the uncertainties from the COVID-19 pandemic. The Group&rsquo s balance sheet remains robust with ample liquidity and strong Common Equity Tier 1 (CET1) ratio at 14.0%. Together with a credit reserve of S$2.71 billion built-up for non-impaired assets, the Group is well positioned to navigate through this difficult time.

 

UOB Group (" Group" ) reported 3% quarter-on-quarter (" QoQ" ) improvement in operating profit for the third quarter of 2020 (" 3Q20" ) as margins and fees recovered. Net earnings for 3Q20 was S$668 million, 5% lower than the second quarter of 2020 (" 2Q20" ) and 40% lower than the third quarter of 2019 (" 3Q19" ), due to the pre-emptive build-up of credit allowance of S$339 million this quarter. Net earnings for the first nine months of 2020 (&ldquo 9M20&rdquo ) stood at S$2.23 billion, 33% lower than a year ago. The softer performance was a result of declining margins, slower customer activities and pre-emptive credit provisioning in view of the uncertainties from the COVID-19 pandemic. The Group&rsquo s balance sheet remains robust with ample liquidity and strong Common Equity Tier 1 (CET1) ratio at 14.0%. Together with a credit reserve of S$2.71 billion built-up for non-impaired assets, the Group is well positioned to navigate through this difficult time. 

 

UOB result out ......flat as per expectation ....DUE mainly to a large $339m allowance  ( not lost pls note) 
Overall still 3% growth in profit QoQ .....

OCBC ( GE alrdy out ...so so ) and DBS tmr.    Someone DBS may offer some upside potential base on its price movement recently 

DYODD 

 

Wow DBS up 75c 
UOB up 41c
OCBC up 14c 
ALL 3 banks awaiting result 
Dyodd
Happy investing. 

FATABA      ( Date: 03-Nov-2020 16:42) Posted: Yes ......STI up 50 pts ......look like a Biden win is going to be a big boost to the Asia market .  Further if UOB / DBS ( more sure ) n OCBC exceed expectation ......STI will be back to 2600 ??    Forward march ....... Dyodd  Let see tmr morning.  Happy investing.  FATABA      ( Date: 03-Nov-2020 10:12) Posted: A biden win is expected and if so it can be very positive for Asia at least for the short term  Spore banks shld lead in the rise.  Esp w a better then expected result on Wed n Thur  DYODD  Happy investing.

 

Yes ......STI up 50 pts ......look like a Biden win is going to be a big boost to the Asia market . 
Further if UOB / DBS ( more sure ) n OCBC exceed expectation ......STI will be back to 2600 ??   
Forward march .......
Dyodd  Let see tmr morning. 
Happy investing. 

FATABA      ( Date: 03-Nov-2020 10:12) Posted: A biden win is expected and if so it can be very positive for Asia at least for the short term  Spore banks shld lead in the rise.  Esp w a better then expected result on Wed n Thur  DYODD  Happy investing.

 

Nothing can be expected guys, when it comes to US politics.
Who expected Trump to be president?