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3 BIG Spore banks ....:))
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vicloo
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30-Jul-2020 13:31
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Hope 3 local banks give out dividend in *form of shares" as suggested by MAS to reduce this sentiments drop.
"MAS also asked locally-incorporated banks headquartered in the city-state to offer shareholders dividends in 2020 in the form of shares instead of cash." https://www.straitstimes.com/business/banking/mas-urges-banks-to-cap-dividends-in-face-of-economic-uncertainty |
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Starship
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30-Jul-2020 13:02
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It' s basically the leveraged day-traders and shortists here trying to beat the death drums and spreading the vision of doom and gloom. Real long-term dividend investors have no fear: Despite the short-term hit to share prices, the dividend cap is prudent and will place Singapore banks in a stronger position to combat challenges ahead, the DBS research team pointed out. As at Q1 2020, the Common Equity Tier 1 (CET1) ratio stood at 13.9 per cent for DBS, 14.3 per cent for OCBC and 14.1 per cent for UOB, among the highest across Asean banks. DBS analyst Ms Lim estimates that the dividend cap will add 0.2-0.3 per cent to the research team' s projected CET1 ratio as at the end of FY20. She expects the lenders to eventually pay out special dividends should their CET1 ratios remain well above their pre-pandemic levels, if the Covid-19 situation stabilises and economic outlook improves towards FY21-22. UBS also sees the central bank' s move as prudent in the context of the coronavirus pandemic, and believes it does not threaten the sustainability of payouts. " The short-term and prudent nature of this measure does not raise any question marks on the long-term sustainability of dividends," Mr Rawat wrote, as cited in Bloomberg. " Investors with a slightly longer-term horizon are likely to see this weakness as a buying opportunity," he added. Jefferies analyst Krishna Guha said in a note that while the MAS announcement will weigh on sentiment, investors should remember the strong capital positions of the banks. https://www.businesstimes.com.sg/companies-markets/hot-stocks-dbs-ocbc-uob-tumble-after-mas-asks-to-cap-dividends ![]()   |
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Rammerjammer
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30-Jul-2020 12:19
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Sg is a small country, no domestic flights for SIA. Even want to fly also dependent on other countries safe to travel... No income how to service loans and future bonds... Good luck | ||||
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Rammerjammer
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30-Jul-2020 12:04
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The huge loan figures are there and people invest based on hope... LOL | ||||
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Reflate
Member |
30-Jul-2020 12:01
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Is there a daily movement? I am more curious on the daily movement for today.
I do expect funds to have been selling off from last friday to wednesday. Seems to have some kind of inside news, hence prices have been falling since last friday.
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FATABA
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30-Jul-2020 11:41
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Yes for long term investor ...script payment is ok.  In fact normally its slightly more then cash payout . 
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Vietshare
Member |
30-Jul-2020 11:36
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Me too.   
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Reflate
Member |
30-Jul-2020 11:36
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Strongly recommend a buy to any of the three banks. Not paying out dividend is due to mas regulations, not business performance. Expecting them to bottom either today. They have previously been selling off prior to the news. Am expecting them to have been oversold. Furthermore, i am positive on their earnings from investment and lower provision, despite lower nim. Financial services are also the first few to recover and withstand the covid stiuation. Given the successful progress towards covid, good buying opportunity here. | ||||
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FATABA
Supreme |
30-Jul-2020 11:35
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yes ......in fact all 3 reccover well from thsi morning low .  Let see this afternoon closing   
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soonsoonhuat
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30-Jul-2020 11:28
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uob recovers the fastest | ||||
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FATABA
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30-Jul-2020 11:23
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Seem like this morning knee jerk reaction to the banks has cause the STI to b -60 pts ....now -35  if it climb back and europe opens positive ...shortist will be rushing to cover back for the long wkend  Dyodd  |
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FATABA
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30-Jul-2020 11:12
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U are correct .....if someone is right here 90% govn assurance ..so its 400m .....not a big sum for DBS  SIA shld be safe longer term . ( yes might be a few years )   
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soonsoonhuat
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30-Jul-2020 11:12
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i really dunt mind the script payout man
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ssw518
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30-Jul-2020 11:11
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Issue share as div is good as long as it' s not a right with sub tie to it.
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FATABA
Supreme |
30-Jul-2020 11:06
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Yes certainly higher risk higher interest .  All loan has to go thru a formal process w collaterate etc n when amt is big / CEO decision is needed.  This stress testing on any large loan is very in depth .....I thk our banks can manage this well as they are conservative 
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FATABA
Supreme |
30-Jul-2020 11:00
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All loans are at the bank level decision/ MAS cant interfere even w 90% cosharing .  At such the banks is still wise to capitalise on the situation ....capital reservation ALSO post advantage .....there will be good cheap sale aro  for acquire for the next yr or so.. .....our banks DO have the mean n capital  Dyodd  
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vicloo
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30-Jul-2020 10:58
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Mas did suggests can give us additional shares instead of cash... That works too.
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soonsoonhuat
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30-Jul-2020 10:57
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ok thanks
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FATABA
Supreme |
30-Jul-2020 10:56
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They hv alrdy say 18c per qtr for 2020 ....see sgx release. 
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Starship
Supreme |
30-Jul-2020 10:51
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The Black Sheep of the herd.  ![]() ![]()
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