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3 BIG Spore banks ....:))
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Starship
Supreme |
25-Feb-2021 09:34
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Starship
Supreme |
25-Feb-2021 09:33
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FATABA
Supreme |
25-Feb-2021 09:10
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STI powering up up to 3000 ....by the 3 banks UOB 39c dividend DBS is going to 27 ......and OCBC cross $11 mark easily ..... Huat huat More to come w vaccine roll out / dividend adjustment from 2021 ? DYODD Happy investing. |
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Starship
Supreme |
24-Feb-2021 18:06
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None is even remotely scary.   
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FATABA
Supreme |
24-Feb-2021 16:03
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Wonder which is more scary as an investor or large FUNDS ....stamp duties or the below.....LOL maybe BOTH>
Bloomberg News
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FATABA
Supreme |
24-Feb-2021 15:59
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LOL stamp duty ...casino is concern on entry fee.....stock mkt crash due to this stamp fee...haha The truth will be seen over the next few mths ...
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Starship
Supreme |
24-Feb-2021 15:42
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Hong Kong&rsquo s first trading tax hike since 1993 pummels stocks PUBLISHED 2 HOURS AGO HONG KONG (BLOOMBERG) - Hong Kong unveiled its first stamp-duty increase on stock trades since 1993, sparking a broad selloff in the US$7.6 trillion (S$10 trillion) market and sending shares of the city&rsquo s exchange to their biggest plunge in more than five years. The planned trading-tax increase to 0.13 per cent from 0.10 per cent was part of a raft of new measures announced in Hong Kong&rsquo s budget that included increased spending to help residents weather the pandemic. Even as the city&rsquo s economy has plunged over the past year, stock prices and turnover have surged amid a global market boom. Hong Kong&rsquo s benchmark Hang Seng Index sank 2.9 per cent as of 2.48pm. local time, led by a 8.6 per cent tumble in Hong Kong Exchanges & Clearing (HKEX). The bourse operator was headed for its biggest slump since 2015, even after reporting record annual earnings on Wednesday. &ldquo The impact will be significant,&rdquo said Kingston Lin, managing director of the asset management department at Canfield Securities in Hong Kong, ahead of the announcement by the city. &ldquo The market is doing very well and of course it will bring more revenue to the government. But higher transaction costs will be a concern for the exchange.&rdquo The government announced spending measures of more than HK$120 billion (S$20.4 billion) to alleviate economic hardship for city residents struggling after a two-year economic recession. The trading tax hike is due to be in place on Aug 1 and the government expects it to generate an extra HK$12 billion a year, local media including Apple Daily and NowTV reported, citing unidentified people. In the 2019/2020 fiscal year, the duty contributed HK$33.2 billion in revenue. The move risks damping a trading boom that has gripped the city and propelled earnings at the exchange. The bourse on Wednesday reported that profit rose 23 per cent to a record HK$11.5 billion in 2020, helped by a 60% jump in stock trading. Its shares have surged about 150 per cent from a low last year, making it the world&rsquo s biggest by market value. &ldquo Whilst we are disappointed about the government&rsquo s decision to raise stamp duty for stock transactions, we recognize that such a levy is an important source of government revenue,&rdquo an exchange spokesperson said. &ldquo HKEX looks forward to continue working closely with all its stakeholders to drive the continued success, resiliency, vibrancy and attractiveness of Hong Kong&rsquo s capital markets.&rdquo Analysts at Citigroup estimated that the increased stamp duty will raise trading costs by 6 per cent to 15 per cent, pressing down trading volumes and crimping the exchange&rsquo s earnings per share by 3 per cent to 7 per cent. Hong Kong is an outlier when it comes to taxing stock transactions, with markets such as the US and rival Singapore refraining. Even so, talk of implementing a tax on financial transactions has recently been rekindled by some Democrats in the US after the recent trading frenzy in GameStop shares. https://www.straitstimes.com/business/companies-markets/hkex-shares-plunge-most-since-2015-after-deleted-stamp-duty-report
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FATABA
Supreme |
24-Feb-2021 15:18
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OMG HK drop 930 pts ...will it hit 1000 today .....Pearl of the Orient without its pearl | ||||
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FATABA
Supreme |
24-Feb-2021 14:57
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Nikkei could be the lost due to Olympic cancellation ? Whatever. USA big $ Trillion package should be out anytime ......wonder its a scare for BBB to collect Really tough call
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Starship
Supreme |
24-Feb-2021 12:41
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Starship
Supreme |
24-Feb-2021 12:40
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CheeryVGoh
Supreme |
24-Feb-2021 12:32
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Nikkei down by 298 !!!
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FATABA
Supreme |
24-Feb-2021 11:44
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WOW HK and CHINA crash .....the political change request from CCP on HK is driving AWAY investor and funds.... LOL great as HK is destroyed as a financial hub ......kill the goose and it cant lay eggs. It seem that FUNDS are flowing over. Banks will benefit most. THe next few weeks will be much clearer. GO GO STI to hit 3000 by end Q1 |
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FATABA
Supreme |
24-Feb-2021 09:20
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Singapore banks will be on RErating .......econ recovery on track . Today all 3 banks are powered up ....digitially ready and great AUM mgt business Dyodd Happy happy invesitng. ROCKET up |
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FATABA
Supreme |
24-Feb-2021 09:13
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HUAT HUAT ....all 3 banks pulling up ....STI rise OCBC tells a great story of recovery and conserative provision . LOOK At the " digital growth" presentation sector of OCBC ...well done Vaccine roll out and recovery will bring all 3 banks to new height Dyodd |
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FATABA
Supreme |
24-Feb-2021 08:40
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Another good set of results for OCBC / CONSERVATIVE w large provision in 2020. OVer 1.13B profit for Q4 ( QoQ improvement ) Which put OCBC as a $4b profit company a year ......WOW envy of many bans in the region . Look at the record AUM etc Expected dividend of 15.9c per MAS ruling . Happy investing. vested. 4Q20 Net Profit up 10% QoQ to S$1.13b Performance review Continued traction in business momentum across the Group 3 ❑ Net profit up for three consecutive quarters ❑ NII rose QoQ NIM improved 2bps to 1.56% ❑ 4Q20 fee income and trading income up 3% and 4% QoQ respectively ❑ Private banking AUM at new high of US$121b ❑ Insurance TWNS and NBEV grew 22% and 72% QoQ respectively ❑ Operating expenses up 2% QoQ in line with increased business activities ❑ NPA coverage ratio raised to 115% ❑ NPL ratio lower QoQ at 1.5% FY20 total credit costs at 67bps ❑ Loans up QoQ in constant currency terms CASA deposits at new high ❑ CET1 ratio at 15.2% ❑ Proposed final dividend of 15.9 cents per share FY20 payout ratio at 39% |
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Starship
Supreme |
20-Feb-2021 11:25
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TA_Expert
Supreme |
17-Feb-2021 16:55
Yells: "The World has changed" |
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No, even if you recruit Charles Li to lead SGX, hot monies won' t come to SGX. One must understand how the Japan and HK markets worked. In HK, almost all HKongers play shares. Retail participation is more than 80%. Secondly, it is a proxy to the mainland Chinese investors via A and H shares structures. HK as 7m++ population while China has 1.4b+. Again, China shares the same retail participation rate as HK, more than 80% Chinese play shares. That' s why CCP will always save the Shanghai and ShenZhen markets when thet collapse or any shocks. The social impact is contagious so the CCP has to save it. All the monies are now flowing to high-tech sector stocks in HK and mainland. No need to do too much homework. What we are seeing is retails are following the beta stocks, follow the flow, follow where the money is. People say that the market is in bubble. Yes, it is true but nobody cares because everybody is busying making money. Just look at those guys trading HK and US stocks, they are making millions daily. And that will attract liquidity to those markets.
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tongphlp
Supreme |
17-Feb-2021 16:52
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out of reach...can' t afford :)
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Starship
Supreme |
17-Feb-2021 16:43
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This is precisely why SGX shd hire the architect of HKEX' s boom --- Charles Li --- who has just retired fm HKEX.
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