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3 BIG Spore banks ....:)) Post Reply Rate topic
FATABA Supreme	08-Aug-2024 10:27        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	All 3 banks have given out their report card .....DBS and OCBC really doing great .  Both lead by FT w global banking knowledge . w XD nex week for OCBC and UOB on 12th Monday .....it would be interesting to see the true strength of these 2 banks >   44c OCBC and  UOB 88c.  ( personally I think OCBC have much more to offer in the longer term .  UOB is now questioned on its CEO ....? who is his replacement in a family tradition business ?  ( time will tell )  ON the other hand ...DBS 2024 is still very much in good hand .. anyway after its current CEO , it is still run by someone who is very familiar w the  company and culture . to be fair , we were need to give her a chance to proof it ...so 2025 DBS performance wld be a good show . Happy investing.
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FATABA Supreme	07-Aug-2024 17:46        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	WOW came at a surprise to me honestly ...as the current CEO is doing so well and certainly have few more good years.  Concern once you put in a local ...( good or bad) many within the rank wld not be happy ..... time will tell . Also someone like current CEO ( global experience and knowledge of India CHina ) is hard to replace . DYODD
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Echoes Senior	07-Aug-2024 14:31        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you workout the ratios based solely on thier recently announced dividens , then the ratio shall be : DBS / UOB = 1.08 / 0.88 = 1.23 DBS / OCBC = 1.08 / 0.44 = 2.45 UOB / OCBC = 0.88 / 0.44 = 2.0  Based on this ratio alone and the current prices , DBS is cheapest and UOB most expensive .  But , it is a VERY , VERY rough guide .  Take it with a pinch of salt .  Do NOT use it as a basis for stock selection. If only life is that simple .  Rover88      ( Date: 07-Aug-2024 14:19) Posted: Based on current prices of the three banks, DBS @$33.77, UOB@$29.77, OCBC@$14.06, how would you rank them?
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Rover88 Member	07-Aug-2024 14:19        Rover88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on current prices of the three banks, DBS @$33.77, UOB@$29.77, OCBC@$14.06, how would you rank them?
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mav1ryan Veteran	07-Aug-2024 14:18        mav1ryan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	The Board has declared an interim one-tier tax-exempt dividend of 54 cents for each DBSH ordinary share for the second quarter of 2024 (the 2Q24 Interim Dividend). The estimated dividend payable is $1,536 million. The DBSH Scrip Dividend Scheme will not be applied to the 2Q24 Interim Dividend. Therefore the dividend is still expected to be S$0.54. Echoes      ( Date: 07-Aug-2024 13:15) Posted: Bro, DBS also gave more leh ....from 44cts last year to 54cts this year .  And , if you were to factor in the 1 for 10 bonus issue , the 54 cts is equivalent to a 60 cents . That is a whopping 16 cents extra compared to last year .  All in all , a set of very good results I would say , especially on the 18.8% ROE .  FATABA      ( Date: 07-Aug-2024 12:51) Posted: 54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.  That also means a SPECIAL bonus come end 2024 if this momentum is maintain .  good result esp w a ROE of 18.8%  ( lol will JPM or someone plan to take over DBS haha)  Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%) DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.  Happy investing
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FATABA Supreme	07-Aug-2024 13:43        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Haha you are right ....just was expecting a little more ( following OCBC and UOB)  Anyway a sparking set of result ....and expecting a good 2024 w bonus . Nothing to question about the 18.8% ROE  Interest rate cut is not a concern as it is a double edged sword ...so I am expecting a good year for DBS .  Keeping my finger cross . vested haha Happy investing.  Echoes      ( Date: 07-Aug-2024 13:15) Posted: Bro, DBS also gave more leh ....from 44cts last year to 54cts this year .  And , if you were to factor in the 1 for 10 bonus issue , the 54 cts is equivalent to a 60 cents . That is a whopping 16 cents extra compared to last year .  All in all , a set of very good results I would say , especially on the 18.8% ROE .  FATABA      ( Date: 07-Aug-2024 12:51) Posted: 54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.  That also means a SPECIAL bonus come end 2024 if this momentum is maintain .  good result esp w a ROE of 18.8%  ( lol will JPM or someone plan to take over DBS haha)  Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%) DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.  Happy investing
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Echoes Senior	07-Aug-2024 13:15        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, DBS also gave more leh ....from 44cts last year to 54cts this year .  And , if you were to factor in the 1 for 10 bonus issue , the 54 cts is equivalent to a 60 cents . That is a whopping 16 cents extra compared to last year .  All in all , a set of very good results I would say , especially on the 18.8% ROE .  FATABA      ( Date: 07-Aug-2024 12:51) Posted: 54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.  That also means a SPECIAL bonus come end 2024 if this momentum is maintain .  good result esp w a ROE of 18.8%  ( lol will JPM or someone plan to take over DBS haha)  Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%) DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.  Happy investing
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FATABA Supreme	07-Aug-2024 12:51        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.  That also means a SPECIAL bonus come end 2024 if this momentum is maintain .  good result esp w a ROE of 18.8%  ( lol will JPM or someone plan to take over DBS haha)  Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%) DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.  Happy investing
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FATABA Supreme	05-Aug-2024 16:59        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	whatever there is a cushion of min 54c on Wed .  So I am not sure how bad can it drop due to Japan interest rate.  Unless Iran and Israel ( both I ) decide to fire at each other ....I think dbs is worth more at $33 Dyodd  Awaiting Wed too ....and certain that something is out on Wed noon. ( never before result is mid day for a large bank like this )  mav1ryan      ( Date: 05-Aug-2024 15:34) Posted: I had bought DBS at $32 or below, and I am going to hold on to it like no tomorrow. I am not selling due to fear, as the strong support point is $32. However if the support point failed and went below $30 which is the literally crash support point, I will start using my war chest that is ready for such occasion.
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mav1ryan Veteran	05-Aug-2024 15:34        mav1ryan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I had bought DBS at $32 or below, and I am going to hold on to it like no tomorrow. I am not selling due to fear, as the strong support point is $32. However if the support point failed and went below $30 which is the literally crash support point, I will start using my war chest that is ready for such occasion.
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Echoes Senior	05-Aug-2024 14:58        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya , DBS changing their minds TWICE in a matter of days on the timing of results release really beats me .  Not much difference when they change from 8 Aug morning to 7 Aug evening , but bringing it further forward to noon of 7 Aug is drastic . Right in the middle of a trading day .  Trading halt comes to mind but what news is big enough to trigger halt ? Stock split ? Gupta step down ? DBS buying another local bank ? Bad news ?    Plus , I dont think they expected the bloodbath that we see today .  I cant wait till Wednesday .
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FATABA Supreme	05-Aug-2024 13:58        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This is NOT a request to buy or sell .....BUT some input for you . DBS is still fundamentally very profitable and can afford to pay our good dividend .  Interest rate cut or even a war ....DBS can continue its operation and will return to its high .....just timing ?  There is ONE very UNusual thing ....> WHY CHANGE THE RESULT to the MID day on Wed the 7th > Aug  MID day .....Never hear this before and what happen after the noon result .....HALT LOL  I share my wild guess ....dividend of 59c ( national day 59th year) ,,,,Stilll NO reason to do it MID day ??  Really cant think of any special reasons ???  Anyone  Happy investing . Added/Vested DYODD DYODD
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RL16EGG Veteran	05-Aug-2024 11:31        RL16EGG About Contact  Quote this Post!
x 0   x 0  Alert Admin	The global sell-off triggered off by fear of usa recession would last a while. Better wait till XD (uob, ocbc 12 aug) to pick up banking durians. Good luck.
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FATABA Supreme	05-Aug-2024 09:54        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Everything changes over the last few days . War ?  Potential is very hot now .... Trade w care.  DYODD DYODD
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Echoes Senior	02-Aug-2024 11:08        Echoes About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes OCBC certainly did not dissapoint in fact the past week there was not much selloff in the share price as compared to DBS and UOB . Again , from the past dividen records , they have never paid a final dividen that is lower than its interim so we can more or less assume full year dividen of 88cts min for FY 2024 .  DBS , I still think the upcomimg dividen will be 54 cts . Too soon for them to raise if they do raise they will most probably do it in Q4 .  I wouldnt mind if they give more , though .  FATABA      ( Date: 02-Aug-2024 10:20) Posted: OCBC&rsquo s 2Q2024 results beat expectations with normalised net profit of S$1.94bn vs consensus estimate of S$1.83bn. It came from non-interest income growth of 13% YoY to S$1,199mn, mainly from broad based growth in fee, trading and insurance income. Net interest income rose slightly to S$2.43bn (+2% YoY) as a 5% growth in average assets was offset by net interest margin falling 6bps YoY to 2.20%. Total  allowances were down  43% YoY, largely from a decline in GP while expenses rose 3% YoY mainly from increases in staff  and IT-related costs. Cost-to-income ratio improved to 37.8%. 1H24 interim dividend up 10% YoY to 44 cents. More details to follow after 9.30am analyst briefing. Interesting reaction to all 3 banks share after UOB result ...... UOB ,,,,,even w a 88c dividend ....Share price dropped below the $32 level ....result at best is flat consider 1H is a good half year.  Concern wld be on 12th Aug after XD. Family control would be facing new challenge after the younger Wee ...who is not very young )  ( not vested .....so it is my personal view)  OCBC ...again offer a great set of result and 44c dividend ...10% up .  LOL purely from investment point ,,,this is 50% of UOB 88c but capital invested is less then 50% of  UOB , OCBC is close to 6% yield at 14.85 . potential under CEO Helen looks great w GE now under their control . Also a $3B extra coming up .  DBS result is on 7th Aug evening .....certainly they are giving a higher dividend ( like OCBC and UOB ) ....my guess is 58/60c ?  $3 B profit is certainly a possibility ....bring a potenial $12B profit year for DBS  What could be a surprise is a potential stock split , a special one time dividend of 5c ( lol less likely haha )  DYODD  Happy investing .
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Rover88 Member	02-Aug-2024 10:41        Rover88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The entire market is down due to US market.
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prophetjul Master	02-Aug-2024 10:31        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for sharing. Interetsing that banks are genrally down today! Including HSBC which had a very nice set of results too.  Good day to collect more for the personal treasury!  Cheers! FATABA      ( Date: 02-Aug-2024 10:20) Posted: OCBC&rsquo s 2Q2024 results beat expectations with normalised net profit of S$1.94bn vs consensus estimate of S$1.83bn. It came from non-interest income growth of 13% YoY to S$1,199mn, mainly from broad based growth in fee, trading and insurance income. Net interest income rose slightly to S$2.43bn (+2% YoY) as a 5% growth in average assets was offset by net interest margin falling 6bps YoY to 2.20%. Total  allowances were down  43% YoY, largely from a decline in GP while expenses rose 3% YoY mainly from increases in staff  and IT-related costs. Cost-to-income ratio improved to 37.8%. 1H24 interim dividend up 10% YoY to 44 cents. More details to follow after 9.30am analyst briefing. Interesting reaction to all 3 banks share after UOB result ...... UOB ,,,,,even w a 88c dividend ....Share price dropped below the $32 level ....result at best is flat consider 1H is a good half year.  Concern wld be on 12th Aug after XD. Family control would be facing new challenge after the younger Wee ...who is not very young )  ( not vested .....so it is my personal view)  OCBC ...again offer a great set of result and 44c dividend ...10% up .  LOL purely from investment point ,,,this is 50% of UOB 88c but capital invested is less then 50% of  UOB , OCBC is close to 6% yield at 14.85 . potential under CEO Helen looks great w GE now under their control . Also a $3B extra coming up .  DBS result is on 7th Aug evening .....certainly they are giving a higher dividend ( like OCBC and UOB ) ....my guess is 58/60c ?  $3 B profit is certainly a possibility ....bring a potenial $12B profit year for DBS  What could be a surprise is a potential stock split , a special one time dividend of 5c ( lol less likely haha )  DYODD  Happy investing .
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FATABA Supreme	02-Aug-2024 10:20        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OCBC&rsquo s 2Q2024 results beat expectations with normalised net profit of S$1.94bn vs consensus estimate of S$1.83bn. It came from non-interest income growth of 13% YoY to S$1,199mn, mainly from broad based growth in fee, trading and insurance income. Net interest income rose slightly to S$2.43bn (+2% YoY) as a 5% growth in average assets was offset by net interest margin falling 6bps YoY to 2.20%. Total  allowances were down  43% YoY, largely from a decline in GP while expenses rose 3% YoY mainly from increases in staff  and IT-related costs. Cost-to-income ratio improved to 37.8%. 1H24 interim dividend up 10% YoY to 44 cents. More details to follow after 9.30am analyst briefing. Interesting reaction to all 3 banks share after UOB result ...... UOB ,,,,,even w a 88c dividend ....Share price dropped below the $32 level ....result at best is flat consider 1H is a good half year.  Concern wld be on 12th Aug after XD. Family control would be facing new challenge after the younger Wee ...who is not very young )  ( not vested .....so it is my personal view)  OCBC ...again offer a great set of result and 44c dividend ...10% up .  LOL purely from investment point ,,,this is 50% of UOB 88c but capital invested is less then 50% of  UOB , OCBC is close to 6% yield at 14.85 . potential under CEO Helen looks great w GE now under their control . Also a $3B extra coming up .  DBS result is on 7th Aug evening .....certainly they are giving a higher dividend ( like OCBC and UOB ) ....my guess is 58/60c ?  $3 B profit is certainly a possibility ....bring a potenial $12B profit year for DBS  What could be a surprise is a potential stock split , a special one time dividend of 5c ( lol less likely haha )  DYODD  Happy investing .
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FATABA Supreme	01-Aug-2024 15:57        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I agreed w you , OCBC should have a good set of result,,,esp w the extra contribution from GE better result  TMR we were all know .   Echoes      ( Date: 01-Aug-2024 15:10) Posted: INSURER Great Eastern on Wednesday (Jul 31) posted a 45 per cent increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million in Q2 FY2023. For the six months ended Jun 30, net profit increased 34 per cent year on year to S$587.1 million, from S$437.2 million. This was driven by higher profit from the insurance business and favourable investment performance in shareholders&rsquo fund, said Great Eastern, an OCBC subsidiary. H1 earnings per share rose 35 per cent on the year to S$1.24, from S$0.92. Takeover or not or whether OCBC holdings of GE is 88% or 93% , doesnt make much of a difference . GE made an extra 150m YoY ( H1 24 vs H1 23 ) . If 50% of this additional profit is paid as interim dividen tomorrow , it works out to be about 1.5 cts extra of GE contribution over the previous year .  Lets see the banking arms performance tomorrow .    RL16EGG      ( Date: 01-Aug-2024 12:27) Posted: I do not think ocbc q2 result will  be fully factored in ge takover, should be 3 qtr with more time. For q2 results, assuming ocbc a 3% growth in nav (12.64 from 12.27 q1 with p/b 1.18), eps (1.68 frm ttm 1.63 with p/e 9), price range $14.92-15.12. I think roe should be stable and  abt  50% payout ratio. Yes, I do see the prices of 3 banks to go back to end june on xd, good time to buy again with attractive valuation/support level
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RL16EGG Veteran	01-Aug-2024 15:51        RL16EGG About Contact  Quote this Post!
x 0   x 0  Alert Admin	hmmm looks like the value of ge takoever will come some time later, may be 2025-26. Meanwhile, wait to collect dividends and xd to add  .  Echoes      ( Date: 01-Aug-2024 15:10) Posted: INSURER Great Eastern on Wednesday (Jul 31) posted a 45 per cent increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million in Q2 FY2023. For the six months ended Jun 30, net profit increased 34 per cent year on year to S$587.1 million, from S$437.2 million. This was driven by higher profit from the insurance business and favourable investment performance in shareholders&rsquo fund, said Great Eastern, an OCBC subsidiary. H1 earnings per share rose 35 per cent on the year to S$1.24, from S$0.92. Takeover or not or whether OCBC holdings of GE is 88% or 93% , doesnt make much of a difference . GE made an extra 150m YoY ( H1 24 vs H1 23 ) . If 50% of this additional profit is paid as interim dividen tomorrow , it works out to be about 1.5 cts extra of GE contribution over the previous year .  Lets see the banking arms performance tomorrow .    RL16EGG      ( Date: 01-Aug-2024 12:27) Posted: I do not think ocbc q2 result will  be fully factored in ge takover, should be 3 qtr with more time. For q2 results, assuming ocbc a 3% growth in nav (12.64 from 12.27 q1 with p/b 1.18), eps (1.68 frm ttm 1.63 with p/e 9), price range $14.92-15.12. I think roe should be stable and  abt  50% payout ratio. Yes, I do see the prices of 3 banks to go back to end june on xd, good time to buy again with attractive valuation/support level
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