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3 BIG Spore banks ....:))

The 3 banks are way alrdy below there book ...what this BB are really scaring retail to selloff more for them to collect. 
I really dont think any of the 3 banks wld report a LOST for Q3.  in fact I do see a recovery from Q4 onwards 
Dyodd. 
Happy investing. 

bishan22      ( Date: 30-Sep-2020 13:38) Posted: Got enough profit..better run..don't be greedy... Starship      ( Date: 30-Sep-2020 13:35) Posted: Same pattern by the despicable BBs everyday. Bullrun of banks in the morning, then crash back down in the afternoon and Red closing.

 

Got enough profit..better run..don't be greedy...

Starship      ( Date: 30-Sep-2020 13:35) Posted: Same pattern by the despicable BBs everyday. Bullrun of banks in the morning, then crash back down in the afternoon and Red closing.

 

Same pattern by the despicable BBs everyday.
Bullrun of banks in the morning, then crash back down in the afternoon and Red closing. 
 

 

JPMorgan  admitted  wrongdoing  and agreed to pay more than $920 million to resolve U.S. authorities&rsquo claims of market manipulation involving two of the bank&rsquo s trading desks, the largest sanction ever tied to the illegal practice known as spoofing. Over  eight years, 15 traders at the biggest U.S. bank caused losses of more than $300 million to other participants in precious metals and Treasury markets, according to court filings on Tuesday. JPMorgan  admitted responsibility for the traders&rsquo actions. The settlement included fresh details about spoofing on the bank&rsquo s Treasuries desk, which was occurring at the same time as previously alleged market manipulation on the bank&rsquo s precious metals desk. 

Comparing our 3 local banks are really among the best in Asia n globally even .....yes much smaller in Size as to this giant but certainly still profitable n growing . 
 

 

Wow, DBS must be laughing to the bank.................... oh, It Is The BANK !!!!   

DBS HK Sees CN Home Prices to Rise 5%+ This Yr
2020/09/29 11:54

Home prices in China are exposed to minimal downside risks this year, opined Danielle Wang, Head of China Property Team at DBS Bank (Hong Kong), expecting the home prices to go up by more than 5% on a full-year basis, and possibly up to 10% in case of an encouraging market sentiment in the fourth quarter.

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1046197/latest-news

 

 

Must be the evil work of the BBs, what else. 

FATABA      ( Date: 29-Sep-2020 15:15) Posted: wow what happen , suddenly all STI gains are gone .  All 3 banks dropped.  Anyone know what happen > ??

 

US futures red now

FATABA      ( Date: 29-Sep-2020 15:15) Posted: wow what happen , suddenly all STI gains are gone .  All 3 banks dropped.  Anyone know what happen > ??

 

wow what happen , suddenly all STI gains are gone . 
All 3 banks dropped. 
Anyone know what happen > ??
 

 

its not just yr view ....some analyse has also spoken .   
Further w PH3 coming up .....any improvement in economy wld be shown FIRST IN OUR BANKS>  
which many other nation n funds are eyeing .......
Dow future green ....europe opens green .   
Tmr another story I hope 
Dyodd

Goldfinger      ( Date: 25-Sep-2020 17:24) Posted: Singapore banks are trading at ridiculous levels, in my PERSONAL view.  Dividend yields on a regularised basis of over 6 per cent are ridiculous by developed market standards.  These are wonderful times to accumulate them like cheap. Hahaha.

 

Singapore banks are trading at ridiculous levels, in my PERSONAL view.  Dividend yields on a regularised basis of over 6 per cent are ridiculous by developed market standards.  These are wonderful times to accumulate them like cheap. Hahaha.

 

SINGAPORE' S banking system may be among the first to recover to pre-Covid-19 levels, S& P Global Ratings said in a report on Thursday.

ALL 3 banks are trading below its BOOK< esp for UOB n OCBC which is aro the 0.8X level ,  further our banks are still paying above 3% dividend 
( and most important ...can continue to afford to pay them ) .  On any recovery ....I am confident they will raise the dividend payment ( esp DBS ) 

Barring any 2/3rd wave, with ph3 opening ......banks maybe close to its low . 
DYODD

 

All 3 banks are now trading at very attractive level ......Lower than its  bk value . 
Whatever is the interest rate ....Spore Banks are PROFITABLE n giving out good dividend . ( even w MAS adjustmenr we are still seeing above 3% if not wrong) 
In fact coming Q3 result may offer a chance to see our banks result esp in other non interest product ...AUM n equity trade/Ins etc .
dyodd

 

SINGAPORE - A number of banks in Singapore handled about US$4.5 billion (S$6.13 billion) in suspicious transactions between 2000 and 2017, with DBS Bank, CIMB Bank and Deutsche Bank among those that processed the largest sums of such funds here.

This is according to the findings of the International Consortium of Investigative Journalists (ICIJ)  on leaked files,  comprising so-called suspicious activity reports, from the Financial Crimes Enforcement Network (FinCEN) in the United States.

The consortium noted that, within almost 20 years, Singapore received about US$3 billion and sent US$1.5 billion in 1,781 suspicious transactions.

OHOH wld today prices b affected by this ????????

 

All 3 banks are also affected by US interest remaining near ZERo for more years LOL 
Further today HK dropped 500+ pts ....its Made IN CHINA is going to b a real issue ( BUT positive for Tw & Asean in some ways ) 
Our banks will be main factor for STI below the 2500 .....in Spore STI cant move as long as the Global econ is in ICU ? 
Brighter spot is our virus numbers are much much better now compare to others and slowly but surely helps.  ( PRAY hard our ppl can appreciate this 
and helps in check the virus .....seem like social distancing are relaxing at many places ) 
Dyodd

 

USA side last nite close w all banks giving up their gain ( expected lower profit for Q3) . Also Fed has say to stay interest low for at least end 2021
 

raykee      ( Date: 16-Sep-2020 15:40) Posted: wonder why today all the banks are low while others are green..... something to do with MAS?

 

wonder why today all the banks are low while others are green..... something to do with MAS?

 

Aro 3wk end OCt . 

raykee      ( Date: 16-Sep-2020 14:08) Posted: when will q3 for each bank be out? ocbc like a sleeping worm for the longest time

 

when will q3 for each bank be out? ocbc like a sleeping worm for the longest time

 

Q3 will hv ONLY DBS giving out dividend .    Looking at current script dividend offering of Q2 ...ONLY OCBC is worth taking up .
The low interest rate envir seem to be affecting all 3 banks .....but Dont forget our 3 local banks has much in the wealth mgt area esp for OCBC n DBS. 
Q3 result will be closely watch ....Dyodd

 

Let us hope for a better qtr in Q3 and Q4.  Banks normally lead in a recovery . 
 

Singapore

SINGAPORE-LISTED companies turned in a largely weaker set of second-quarter earnings, in line with market expectations that the quarter will bear the brunt of the economic fallout from the Covid-19 pandemic. But the worst appears to be over for several sectors, said analysts.

Of the 134 companies listed on the Singapore Exchange (SGX) that had issued their quarterly scorecards as at August 28, 62 were in the red and 72 were profitable. In the same period last year, 283 companies were in the black and 135 companies incurred losses. The gap in total number of companies reporting was largely due to the lifting of mandatory quarterly reporting.

For the latest quarter, total earnings were down 47.3 per cent to S$2.588 billion from a year earlier, according to data compiled by  The Business Times.