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0005hk

HSBC Research analysts Weldon Sng and Yash Taparia have maintained &ldquo hold&rdquo ratings on the three major Singapore banks&mdash DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB)&mdash largely due to valuation concerns.
According to their report dated October 22, the banks' estimated price-to-book (P/B) ratios for FY2024 are as follows:

• DBS: P/B of 1.8 times, based on a share price of SGD 39.70.
• OCBC: P/B of 1.2 times, based on a share price of SGD 15.40.
• UOB: P/B of 1.2 times, based on a share price of SGD 32.60.

The estimated FY2024 dividend yields for each bank are similarly competitive, with DBS at 5.6%, OCBC at 5.7%, and UOB at 5.6%.
 

chartiskao      ( Date: 13-Aug-2024 19:50) Posted: vix now 20 https://www.youtube.com/watch?v=EQTLtVjsabM MrBear12      ( Date: 22-May-2024 21:06) Posted: Interest rates cuts are generally beneficial for businesses. Bad for savers though. Makes savers inves

 

vix now 20
https://www.youtube.com/watch?v=EQTLtVjsabM

MrBear12      ( Date: 22-May-2024 21:06) Posted: Interest rates cuts are generally beneficial for businesses. Bad for savers though. Makes savers invest chartiskao      ( Date: 22-May-2024 21:02) Posted: Navigating post US election year 2024 to 2026 in sg and the global markets including US and china ASEAN Banks' Interest Margins and the Impact of Potential Fed Rate Cuts Overview: ASEAN banks, particularly in Singapore, Thailand, and Indonesia, have benefited from high interest margins in recent years. However, the anticipation of Federal Reserve rate cuts is causing concern among these banks about the potential impact on their loan earnings. Interest Margins: Interest margins, or net interest margins (NIMs), are a crucial indicator of a bank&rsquo s profitability. They represent the difference between the interest income generated from loans and the interest paid out on deposits. When central banks, such as the Federal Reserve, cut interest rates, it can have several implications for banks: Narrowing Margins: Impact of Rate Cuts: Lower interest rates typically lead to narrower interest margins because banks earn less from loans while still needing to pay competitive rates on deposits to attract and retain customers. Loan Repricing: Loans with variable interest rates will yield less interest income as rates fall. Fixed-rate loans may also be refinanced at lower rates, further compressing margins. Loan Demand and Quality: Increased Loan Demand: Lower interest rates can stimulate borrowing, potentially increasing loan volumes. However, if the economic outlook is uncertain, the demand might not rise as expected. Credit Risk: In a low-interest-rate environment, banks may face pressure to lend to less creditworthy borrowers to maintain loan volumes, increasing the risk of non-performing loans (NPLs). Country-Specific Considerations: Singapore: Economic Context: Singapore' s open economy and significant financial sector are highly sensitive to global interest rate changes. Local banks like DBS, OCBC, and UOB could see reduced NIMs. Regulatory Environment: Singapore&rsquo s Monetary Authority closely monitors financial stability, which may lead to more stringent lending practices in a low-rate environment. Thailand: Interest Rate Sensitivity: Thai banks are also affected by changes in global interest rates. Banks such as Bangkok Bank, Siam Commercial Bank, and Kasikornbank might experience reduced profitability due to lower NIMs. Domestic Factors: Thailand' s relatively slower economic growth and high household debt levels could exacerbate the impact of rate cuts on banks' earnings. Indonesia: Higher Margins Historically: Indonesian banks have traditionally enjoyed higher interest margins compared to regional peers due to higher local interest rates. Economic Growth: As Indonesia continues to develop, the potential rate cuts could lead to both opportunities and challenges. Banks like Bank Mandiri, BCA, and BRI need to balance growth with credit risk management. Strategic Responses: Diversification: Non-Interest Income: Banks may focus on increasing non-interest income through fees, commissions, and other financial services to offset lower interest margins. Geographic and Product Diversification: Expanding into new markets or offering a broader range of products can help mitigate the impact of narrowing margins. Cost Management: Efficiency Improvements: Streamlining operations and investing in technology can help reduce costs and improve profitability. Operational Resilience: Building a robust framework to handle economic fluctuations can strengthen a bank&rsquo s position in challenging times. Risk Management: Credit Risk Assessment: Strengthening credit risk management practices to avoid a surge in non-performing loans. Capital Adequacy: Ensuring adequate capital buffers to absorb potential losses and maintain financial stability. Conclusion: The looming Federal Reserve rate cuts pose significant challenges for ASEAN banks, particularly in Singapore, Thailand, and Indonesia, as they anticipate narrower interest margins and potential volatility in loan earnings. To navigate this rocky road, banks must adopt strategic measures to diversify income, manage costs, and mitigate risks, ensuring resilience and sustained profitability in a changing economic landscape.

 

Interest rates cuts are generally beneficial for businesses.
Bad for savers though.
Makes savers invest

chartiskao      ( Date: 22-May-2024 21:02) Posted: Navigating post US election year 2024 to 2026 in sg and the global markets including US and china ASEAN Banks' Interest Margins and the Impact of Potential Fed Rate Cuts Overview: ASEAN banks, particularly in Singapore, Thailand, and Indonesia, have benefited from high interest margins in recent years. However, the anticipation of Federal Reserve rate cuts is causing concern among these banks about the potential impact on their loan earnings. Interest Margins: Interest margins, or net interest margins (NIMs), are a crucial indicator of a bank&rsquo s profitability. They represent the difference between the interest income generated from loans and the interest paid out on deposits. When central banks, such as the Federal Reserve, cut interest rates, it can have several implications for banks: Narrowing Margins: Impact of Rate Cuts: Lower interest rates typically lead to narrower interest margins because banks earn less from loans while still needing to pay competitive rates on deposits to attract and retain customers. Loan Repricing: Loans with variable interest rates will yield less interest income as rates fall. Fixed-rate loans may also be refinanced at lower rates, further compressing margins. Loan Demand and Quality: Increased Loan Demand: Lower interest rates can stimulate borrowing, potentially increasing loan volumes. However, if the economic outlook is uncertain, the demand might not rise as expected. Credit Risk: In a low-interest-rate environment, banks may face pressure to lend to less creditworthy borrowers to maintain loan volumes, increasing the risk of non-performing loans (NPLs). Country-Specific Considerations: Singapore: Economic Context: Singapore' s open economy and significant financial sector are highly sensitive to global interest rate changes. Local banks like DBS, OCBC, and UOB could see reduced NIMs. Regulatory Environment: Singapore&rsquo s Monetary Authority closely monitors financial stability, which may lead to more stringent lending practices in a low-rate environment. Thailand: Interest Rate Sensitivity: Thai banks are also affected by changes in global interest rates. Banks such as Bangkok Bank, Siam Commercial Bank, and Kasikornbank might experience reduced profitability due to lower NIMs. Domestic Factors: Thailand' s relatively slower economic growth and high household debt levels could exacerbate the impact of rate cuts on banks' earnings. Indonesia: Higher Margins Historically: Indonesian banks have traditionally enjoyed higher interest margins compared to regional peers due to higher local interest rates. Economic Growth: As Indonesia continues to develop, the potential rate cuts could lead to both opportunities and challenges. Banks like Bank Mandiri, BCA, and BRI need to balance growth with credit risk management. Strategic Responses: Diversification: Non-Interest Income: Banks may focus on increasing non-interest income through fees, commissions, and other financial services to offset lower interest margins. Geographic and Product Diversification: Expanding into new markets or offering a broader range of products can help mitigate the impact of narrowing margins. Cost Management: Efficiency Improvements: Streamlining operations and investing in technology can help reduce costs and improve profitability. Operational Resilience: Building a robust framework to handle economic fluctuations can strengthen a bank&rsquo s position in challenging times. Risk Management: Credit Risk Assessment: Strengthening credit risk management practices to avoid a surge in non-performing loans. Capital Adequacy: Ensuring adequate capital buffers to absorb potential losses and maintain financial stability. Conclusion: The looming Federal Reserve rate cuts pose significant challenges for ASEAN banks, particularly in Singapore, Thailand, and Indonesia, as they anticipate narrower interest margins and potential volatility in loan earnings. To navigate this rocky road, banks must adopt strategic measures to diversify income, manage costs, and mitigate risks, ensuring resilience and sustained profitability in a changing economic landscape.   MrBear12      ( Date: 10-May-2024 12:02) Posted: Agreed. Many do and lose money

 

Navigating post US election year 2024 to 2026 in sg and the global markets including US and china

ASEAN Banks' Interest Margins and the Impact of Potential Fed Rate Cuts

Overview:
ASEAN banks, particularly in Singapore, Thailand, and Indonesia, have benefited from high interest margins in recent years. However, the anticipation of Federal Reserve rate cuts is causing concern among these banks about the potential impact on their loan earnings.
Interest Margins:
Interest margins, or net interest margins (NIMs), are a crucial indicator of a bank&rsquo s profitability. They represent the difference between the interest income generated from loans and the interest paid out on deposits. When central banks, such as the Federal Reserve, cut interest rates, it can have several implications for banks:

1. Narrowing Margins:
   • Impact of Rate Cuts: Lower interest rates typically lead to narrower interest margins because banks earn less from loans while still needing to pay competitive rates on deposits to attract and retain customers.
   • Loan Repricing: Loans with variable interest rates will yield less interest income as rates fall. Fixed-rate loans may also be refinanced at lower rates, further compressing margins.
2. Loan Demand and Quality:
   • Increased Loan Demand: Lower interest rates can stimulate borrowing, potentially increasing loan volumes. However, if the economic outlook is uncertain, the demand might not rise as expected.
   • Credit Risk: In a low-interest-rate environment, banks may face pressure to lend to less creditworthy borrowers to maintain loan volumes, increasing the risk of non-performing loans (NPLs).

Country-Specific Considerations:

1. Singapore:
   • Economic Context: Singapore' s open economy and significant financial sector are highly sensitive to global interest rate changes. Local banks like DBS, OCBC, and UOB could see reduced NIMs.
   • Regulatory Environment: Singapore&rsquo s Monetary Authority closely monitors financial stability, which may lead to more stringent lending practices in a low-rate environment.
2. Thailand:
   • Interest Rate Sensitivity: Thai banks are also affected by changes in global interest rates. Banks such as Bangkok Bank, Siam Commercial Bank, and Kasikornbank might experience reduced profitability due to lower NIMs.
   • Domestic Factors: Thailand' s relatively slower economic growth and high household debt levels could exacerbate the impact of rate cuts on banks' earnings.
3. Indonesia:
   • Higher Margins Historically: Indonesian banks have traditionally enjoyed higher interest margins compared to regional peers due to higher local interest rates.
   • Economic Growth: As Indonesia continues to develop, the potential rate cuts could lead to both opportunities and challenges. Banks like Bank Mandiri, BCA, and BRI need to balance growth with credit risk management.

Strategic Responses:

1. Diversification:
   • Non-Interest Income: Banks may focus on increasing non-interest income through fees, commissions, and other financial services to offset lower interest margins.
   • Geographic and Product Diversification: Expanding into new markets or offering a broader range of products can help mitigate the impact of narrowing margins.
2. Cost Management:
   • Efficiency Improvements: Streamlining operations and investing in technology can help reduce costs and improve profitability.
   • Operational Resilience: Building a robust framework to handle economic fluctuations can strengthen a bank&rsquo s position in challenging times.
3. Risk Management:
   • Credit Risk Assessment: Strengthening credit risk management practices to avoid a surge in non-performing loans.
   • Capital Adequacy: Ensuring adequate capital buffers to absorb potential losses and maintain financial stability.

Conclusion:
The looming Federal Reserve rate cuts pose significant challenges for ASEAN banks, particularly in Singapore, Thailand, and Indonesia, as they anticipate narrower interest margins and potential volatility in loan earnings. To navigate this rocky road, banks must adopt strategic measures to diversify income, manage costs, and mitigate risks, ensuring resilience and sustained profitability in a changing economic landscape.

 

MrBear12      ( Date: 10-May-2024 12:02) Posted: Agreed. Many do and lose money

 

MrBear12      ( Date: 10-May-2024 12:02) Posted: Agreed. Many do and lose money

 

Agreed. Many do and lose money

 

treating the stock market like a casino by constantly trading and speculating can lead to significant losses. Investing, on the other hand, involves a long-term approach focused on buying and holding assets with the expectation of achieving steady growth over time. It' s about making informed decisions based on research, analysis, and a clear understanding of your investment goals and risk tolerance. By staying disciplined and avoiding the temptation to chase quick profits, investors can build wealth steadily and mitigate the risks associated with market volatility.

MrBear12      ( Date: 09-May-2024 18:22) Posted: Looking forward to tomolo' s 1Q updates for this one. 1.8 to 2.0 bn profits? Or are we going to be disappointed? OCBC Bank - Where Could 1Q24 Results Surprises Come From (sginvestors.io)

 

Looking forward to tomolo' s 1Q updates for this one.

1.8 to 2.0 bn profits?

Or are we going to be disappointed?

OCBC Bank - Where Could 1Q24 Results Surprises Come From (sginvestors.io)

 

MrBear12      ( Date: 09-May-2024 09:23) Posted: But don' t be a contrarian just for the sake of being one. chartiskao      ( Date: 09-May-2024 09:22) Posted: no rate cuts for 2024 It emphasizes the importance of contrarian thinking in investing. Essentially, it suggests that when others are overly optimistic (greedy) about a particular investment, it' s wise to be cautious, and when others are overly pessimistic (fearful), it might be a good time to consider investing. And the second part, " Price is what you pay," underscores the idea that the actual price you pay for an investment matters. No matter how great an opportunity seems, paying too high a price can diminish or even eliminate potential returns. It' s a reminder to approach investing with a rational mindset, considering both market sentiment and the fundamental value of the assets being considered.

 

MrBear12      ( Date: 09-May-2024 09:23) Posted: But don' t be a contrarian just for the sake of being one. chartiskao      ( Date: 09-May-2024 09:22) Posted: no rate cuts for 2024 It emphasizes the importance of contrarian thinking in investing. Essentially, it suggests that when others are overly optimistic (greedy) about a particular investment, it' s wise to be cautious, and when others are overly pessimistic (fearful), it might be a good time to consider investing. And the second part, " Price is what you pay," underscores the idea that the actual price you pay for an investment matters. No matter how great an opportunity seems, paying too high a price can diminish or even eliminate potential returns. It' s a reminder to approach investing with a rational mindset, considering both market sentiment and the fundamental value of the assets being considered.

 

MrBear12      ( Date: 09-May-2024 09:23) Posted: But don' t be a contrarian just for the sake of being one. chartiskao      ( Date: 09-May-2024 09:22) Posted: no rate cuts for 2024 It emphasizes the importance of contrarian thinking in investing. Essentially, it suggests that when others are overly optimistic (greedy) about a particular investment, it' s wise to be cautious, and when others are overly pessimistic (fearful), it might be a good time to consider investing. And the second part, " Price is what you pay," underscores the idea that the actual price you pay for an investment matters. No matter how great an opportunity seems, paying too high a price can diminish or even eliminate potential returns. It' s a reminder to approach investing with a rational mindset, considering both market sentiment and the fundamental value of the assets being considered.

 

But don' t be a contrarian just for the sake of being one.

chartiskao      ( Date: 09-May-2024 09:22) Posted: no rate cuts for 2024 It emphasizes the importance of contrarian thinking in investing. Essentially, it suggests that when others are overly optimistic (greedy) about a particular investment, it' s wise to be cautious, and when others are overly pessimistic (fearful), it might be a good time to consider investing. And the second part, " Price is what you pay," underscores the idea that the actual price you pay for an investment matters. No matter how great an opportunity seems, paying too high a price can diminish or even eliminate potential returns. It' s a reminder to approach investing with a rational mindset, considering both market sentiment and the fundamental value of the assets being considered.   chartiskao      ( Date: 09-May-2024 04:49) Posted: 别 人 笑 我 太 疯 癫 ， 我 笑 他 人 看 不 穿 &rdquo 的 意 思 是 ： 世 俗 的 人 讥 笑 疯 疯 癫 癫 的 样 子 ， 其 实 我 的 内 心 是 已 经 顿 悟 了 的 ，   https://www.marketwatch.com/investing/stock/o39?countrycode=sg

 

no rate cuts for 2024
It emphasizes the importance of contrarian thinking in investing. Essentially, it suggests that when others are overly optimistic (greedy) about a particular investment, it' s wise to be cautious, and when others are overly pessimistic (fearful), it might be a good time to consider investing.
And the second part, " Price is what you pay," underscores the idea that the actual price you pay for an investment matters. No matter how great an opportunity seems, paying too high a price can diminish or even eliminate potential returns.
It' s a reminder to approach investing with a rational mindset, considering both market sentiment and the fundamental value of the assets being considered.
 

chartiskao      ( Date: 09-May-2024 04:49) Posted: 别 人 笑 我 太 疯 癫 ， 我 笑 他 人 看 不 穿 &rdquo 的 意 思 是 ： 世 俗 的 人 讥 笑 疯 疯 癫 癫 的 样 子 ， 其 实 我 的 内 心 是 已 经 顿 悟 了 的 ，   https://www.marketwatch.com/investing/stock/o39?countrycode=sg MrBear12      ( Date: 04-May-2024 11:05) Posted: Thanks moonsun The article was informative and I learnt that it is more important to focus on the core competencies of a company. The author also learnt 3 things while attending ocbc agm. 1. It's essential to learn from the successes and failures of the past and adapt for the future 2. Nostalgia for past achievements can hinder progress it's crucial to acknowledge that times have changed 3. Addressing legacy issues head-on is imperative brushing them aside only exacerbates the problem. Becoming a conglomerate may not be the best for ocbc, or any other company. Instead, Focus on our key strength areas and don't simply diversify to become a conglomerate or you may end up diworsifying

 

MrBear12      ( Date: 04-May-2024 11:05) Posted: Thanks moonsun The article was informative and I learnt that it is more important to focus on the core competencies of a company. The author also learnt 3 things while attending ocbc agm. 1. It's essential to learn from the successes and failures of the past and adapt for the future 2. Nostalgia for past achievements can hinder progress it's crucial to acknowledge that times have changed 3. Addressing legacy issues head-on is imperative brushing them aside only exacerbates the problem. Becoming a conglomerate may not be the best for ocbc, or any other company. Instead, Focus on our key strength areas and don't simply diversify to become a conglomerate or you may end up diworsifying

 

Thanks moonsun
The article was informative and I learnt that it is more important to focus on the core competencies of a company.

The author also learnt 3 things while attending ocbc agm.
1. It's essential to learn from the successes and failures of the past and adapt for the future
2. Nostalgia for past achievements can hinder progress it's crucial to acknowledge that times have changed
3. Addressing legacy issues head-on is imperative brushing them aside only exacerbates the problem.

Becoming a conglomerate may not be the best for ocbc, or any other company. Instead,
Focus on our key strength areas and don't simply diversify to become a conglomerate or you may end up diworsifying

 

https://www.theedgesingapore.com/amp/capital/finance/2020s-financial-conglomerate-conglomerate-model-not-everyone

 

MALAYSIA&rsquo S finance ministry on Thursday dismissed adjusting monetary policy or pegging the  ringgit  to support the weakened currency, saying it expects the  ringgit&lsquo s value to appreciate this year.
The  ringgit  has fallen about 3.7 per cent this year so far and briefly hit a 26-year low last week. Malaysia&rsquo s central bank has said the currency is undervalued and does not reflect the country&rsquo s strong fundamentals.
Second Finance Minister Amir Hamzah Azizan told parliament the central bank&rsquo s monetary policy adjustments were not aimed at influencing foreign exchange, adding that any increase in the country&rsquo s benchmark interest rate risked burdening the people.
The  ringgit&lsquo s weakening was largely due to external factors, including strength in the US dollar and economic uncertainty in China, and did not reflect Malaysia&rsquo s positive economic fundamentals and prospects, he said.
&ldquo As exports improved in January and investment prospects are very good ... with the focus on ease of doing business (in the country), I believe the  ringgit  will perform better this year,&rdquo Amir Hamzah said.
He reiterated that there were no plans for Malaysia to peg the currency to the US dollar as it had done during the 1998 Asian Financial Crisis.
The decision by Malaysia' s finance ministry to dismiss adjusting monetary policy or pegging the ringgit to support the weakened currency reflects their confidence in the country' s economic outlook and the expectation of the ringgit' s appreciation. Here' s a breakdown of the implications of this decision:

1. Economic Confidence:
   • The finance ministry' s decision suggests confidence in Malaysia' s economic fundamentals, including its growth prospects, fiscal stability, and external resilience.
   • It indicates that policymakers believe the current weakness in the ringgit is temporary and expect it to strengthen naturally over time.
2. Monetary Policy Stance:
   • The decision signals a continuation of Malaysia' s existing monetary policy stance, which may prioritize factors such as inflation management, economic growth, and financial stability.
   • Rather than intervening directly in currency markets, policymakers may focus on broader economic policies and structural reforms to support sustainable growth and stability.
3. Market Expectations:
   • The finance ministry' s statement could influence market expectations regarding the future direction of the ringgit.
   • Investors and market participants may adjust their currency forecasts and trading strategies based on the expectation of the ringgit' s appreciation.
4. Risks and Challenges:
   < > While policymakers expect the ringgit to appreciate, there are risks and challenges that could impact currency movements, such as global economic conditions, commodity prices, and geopolitical developments.Rapid changes in these factors could lead to volatility in currency markets, affecting the ringgit' s value.Policy Flexibility:
   While the finance ministry has dismissed immediate intervention in currency markets, policymakers retain the flexibility to adjust their stance if economic conditions warrant.If significant changes occur in the economic landscape or if the ringgit faces prolonged weakness, policymakers may reassess their approach and consider appropriate measures.Overall, Malaysia' s finance ministry' s decision reflects their assessment of the country' s economic situation and their expectation of the ringgit' s appreciation. However, the future movement of the ringgit will depend on various factors, and policymakers will continue to monitor developments and adjust policies as necessary to support economic stability and growth.

 

chartiskao      ( Date: 03-May-2024 16:04) Posted: sgdmyr 3.502 https://www.channelnewsasia.com/watch/insight-2024-2025/will-ringgit-rise-again-4308461 US$113.5 billion   The international reserves of  Bank Negara Malaysia  amounted to  US$113.5 billion  as at Dec 29, 2023. The reserves level has taken into account the quarterly foreign exchange revaluation changes.7 Jan 2024 chartiskao      ( Date: 03-May-2024 16:00) Posted: time to accumualte 0005hk while it slips before june rate cuts https://www.cnbc.com/quotes/0005.H

 

sgdmyr 3.502

chartiskao      ( Date: 03-May-2024 16:00) Posted: time to accumualte 0005hk while it slips before june rate cuts https://www.cnbc.com/quotes/0005.HK chartiskao      ( Date: 30-Apr-2024 15:32) Posted: 0005hk will take over 700hk and 1211hk share performance in 2017 after he quit

 

time to accumualte 0005hk while it slips before june rate cuts
https://www.cnbc.com/quotes/0005.HK

chartiskao      ( Date: 30-Apr-2024 15:32) Posted: 0005hk will take over 700hk and 1211hk share performance in 2017 after he quits MrBear12      ( Date: 30-Apr-2024 15:04) Posted: I bought about closer to 60 to 70 --- 14 years back on lse.

 

0005hk will take over 700hk and 1211hk share performance in 2017 after he quits

MrBear12      ( Date: 30-Apr-2024 15:04) Posted: I bought about closer to 60 to 70 --- 14 years back on lse.