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3 BIG Spore banks ....:))
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gslgsl
Senior |
03-May-2024 16:22
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seanpent
Supreme |
03-May-2024 14:50
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Thanks bro. Lets hope UOB' s fee income from credit card will bring in bit of extra icing (taylor swift + citi integration?). Keeping fingers crossed on OCBC' s $2B too. Yes, did notice banks are slow to adjust loan rates (yet deposit/FD rates been falling since early last year).
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FATABA
Supreme |
03-May-2024 13:51
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OCBC result is on 10th ....very likely to be good and may hit $2B for this qtr. and 8B for the year. ( GE already and contributed 300M and not forgeting the southern CHina area numbers. ) UOB is a little of concern on their bad loan ( many SME and esp regional smaller corp are hit w the prolong high interest rate . ) Really much harder to tell UOB except its card side should be good ( taylor swift ) . Let see on the 8th . Overall all 3 already benefited from the high rates. ( does not matter one or even 2 cuts 2H ) .....2nd qtr at current rate wld be maintained and banks dont adjust them so quickly haha. Rightly DBS can aim for a 12B net income and OCBC shld cross 8B ...UOB is tougher to guess. Happy investings.
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seanpent
Supreme |
03-May-2024 09:07
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With DBS' bull-dozing, new highs for the other 2 is probably just stone throw away only ..... | ||||
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MrBear12
Supreme |
03-May-2024 09:04
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Yeah man, too bullish. Waiting for shorts to enter.
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seanpent
Supreme |
03-May-2024 09:02
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DBS leading the banks into super bull mode ..... |
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MrBear12
Supreme |
03-May-2024 06:35
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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All big three banks to do well and inprove earnings this year.
Time for a morning walk. Good health is better than great wealth. |
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FATABA
Supreme |
02-May-2024 11:38
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DBS&rsquo 1Q2024 results beat expectations with net profit of S$2.96bn vs consensus estimate of S$2.48bn. Bulk of the beat was from stronger than expected net interest income of S$3.5bn (+7% YoY) and net interest margin growth to 2.14% (+2bps YoY). Fee income surged by 23% YoY from growth in wealth management, cards and loan-related fees. Credit costs rose by 4bps YoY to 10bps as SPs were higher at S$113mn (1Q23: S$62mn). 1Q24 dividend up 29% YoY to 54 cents. DBS is guiding for NII to be modestly better in FY24e as compared to FY23 and for non-interest income to grow at mid-to-high teens from wealth management and treasury customer sales. More details to follow after 11.30am analyst call. Wow nearly $3B profit ....exceeding my 2.8 expectation.........can you imagine 1H result if this pace is kept ??? Happy investing .
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seanpent
Supreme |
02-May-2024 10:28
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https://www.cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html#:~:text=Wall%20Street%20pushes%20out%20rate%2Dcut%20expectations%2C%20sees%20risk%20they,t%20start%20until%20March%202025& text=Economists%20and%20strategists%20now%20see,reductions%20at%20all%20this%20year. What happens if Feb won' t cut rate till 2025 ? |
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Echoes
Senior |
02-May-2024 09:21
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Wow DBS profit 2.96b way surpassed my expectations but very happy to be proven wrong . 
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seanpent
Supreme |
02-May-2024 09:18
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OCBC doing new high | ||||
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seanpent
Supreme |
02-May-2024 09:14
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Wow ... DBS sizzles ! | ||||
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FATABA
Supreme |
02-May-2024 08:47
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OCBC DEEPENS INDONESIA PRESENCE WITH COMPLETION OF PT BANK COMMONWEALTH ACQUISITION The acquisition brings more than 1.2 million PT Bank Commonwealth Indonesia customers to OCBC Indonesia Singapore, 2 May 2024 &ndash OCBC&rsquo s Indonesian subsidiary, PT Bank OCBC NISP Tbk (&ldquo OCBC Indonesia&rdquo ), has completed the acquisition of PT Bank Commonwealth Indonesia (&ldquo PTBC&rdquo ) on 1 May 2024. OCBC Indonesia now owns 100% of PTBC' s shares, making PTBC a wholly-owned subsidiary of OCBC Indonesia. The acquisition brings more than 1.2 million PTBC customers to OCBC Indonesia. PTBC brings with it demonstrated capabilities in wealth management where it has been a pioneer, having been the first bank to obtain a licence as a Mutual Fund Sales Agent from Indonesia&rsquo s financial services authority, BAPEPAM-LK (now known as Otoritas Jasa Keuangan). PTBC will continue to operate independently until the integration process is completed. This is targeted to be in the fourth quarter of 2024. During this period, PTBC will serve its customers as usual with its banking products and services, including banking transactions at PTBC&rsquo s branches and through digital channels. OCBC Indonesia offers a full range of services to individuals across segments including Private Banking, as well as SMEs and large corporations. These customers are served through mobile and internet banking channels, as well as OCBC Indonesia&rsquo s network of around 200 branches. The bank holds one of the highest credit ratings in Indonesia, namely AAA(idn)/stable from PT Fitch Ratings Indonesia. | ||||
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seanpent
Supreme |
02-May-2024 08:37
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As of 2 May 24 ..... https://valueinvesting.io/U11.SI/valuation/intrinsic-value (UOB 35.77) https://valueinvesting.io/O39.SI/valuation/intrinsic-value (OCBC 18.22) |
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MrBear12
Supreme |
02-May-2024 05:42
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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FlyingTask is back to work. Gonna be busy this week for banks.
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MrBear12
Supreme |
02-May-2024 05:39
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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https://www.theedgesingapore.com/capital/brokers-calls/cgs-international-expects-steady-nims-and-higher-wealth-and-treasury-fees-uob | ||||
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MrBear12
Supreme |
01-May-2024 04:52
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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O dear, a sign of senility perhaps? I hope the rest of the members of his team responded well. |
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LimBanLim
Member |
30-Apr-2024 23:58
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The Chairman' s responses were like shit. Keep talking about the past to avoid answering the questions. He seemed to have some memory loss. Repeated himself and he was not aware of it. And i think he is a bit deaf. Instead of blaming hinself, he tried to blame it on the shareholders who spoke.
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MrBear12
Supreme |
30-Apr-2024 13:59
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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That great 1Q banking performance is past and results will be announced after labor day.
Meanwhile have a happy labor day with family and friends |
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FATABA
Supreme |
30-Apr-2024 13:35
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Looking at all 3 banks to have a good qtr. beside interest rate remaining high ...Q1 is a good qtr w increase tourist arrival /CNY etc and swifty effect ( for UOB card) . 2nd May DBS result if above 2.5B wld be consider good. On dividend I doubt there wld be any changes to the 54c ( as this is also tie to the bonus share . ) Further it does not make sense for CEO to rush to distribute more .....better to wait for 1H result and if it crosses $5b by much , it justify increase or special . Wait patiently . Dyodd
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