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3 BIG Spore banks ....:))
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MrBear12
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09-Apr-2024 11:17
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Not so soon 38. Break through double top resistance first. 38 (including bonus shares) just before 1st 2024 dividend xd.
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seanpent
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09-Apr-2024 10:17
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I believe in your market savviness ... looking forward to the $38 ...
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seanpent
Supreme |
09-Apr-2024 09:58
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DBS ever experienced a daily volatility of $1 ..... Pray for a $37 ..... :)
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FATABA
Supreme |
09-Apr-2024 09:40
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our banks are starting the run up again .....anticipation of a FEB cut at the least in 2H and min twice ? DBS is running back towards $36 ....as the XD created an opportunity for many to add......certainly a 1:10 bonus is a great move from CEO to SH . Awating another opportunity to add XB on 22nd ...haha DYODD 2024 wld and should be a good year for our banks ...w business coming back ( when interest is cut) and I guess Hamas.Israel war cld end by this year. Whatever ( barring major Global issue ....like a TRUMP appearances...) then we should continue to see a better growth in 2024. Hope for the best. Happy investing. |
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FATABA
Supreme |
05-Apr-2024 16:11
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Ya last night dow reversed fast n furious ......just hope not tonite. :)
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MrBear12
Supreme |
05-Apr-2024 14:29
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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On a lazy Friday afternoon, let the traders battle it out and let us reflect on how come our 3 big banks have done so well. How can it continue to do well? We know that the Net Interest Margin (NIM) of the three big banks has been increasing over the last two to three years. This has resulted in much higher net interest income for these banks. This is the main reason. While NIM is important, equally important is the amount of loans the banks can give out in order to earn from high NIM environment. The amount of loans depends largely on the amount of deposits by customers. The amount people save is thus a key component that influences the profits a bank can earn. People' s savings are what the bank uses to earn net interest on. So, we are reminded that the savings of a community gives earning power to the bank that serves it. So, if we want our banks to continue to do well in the traditional way of a bank (lending and receiving a fee), the community must continue to prosper and to save. Of course there are other trading income of a bank. But its bread and butter is this scheme of arrangement whereby the bank earns primarily from the money people save in the bank. If there ever comes a time when the balance between savings, investing and spending is disturbed so much so that people save less, then you can be quite sure the banks will find it harder to earn with less money entrusted. Worse still, if people over-spend and invest, and thereby over-borrow, we can be sure that the banks will be in a very precarious position. The GFC highlighted this problem with the housing crisis in the USA. As long as deposits grow and the bank' s capital reserves are well managed, banks will continue to thrive. Invest in banks but know their modus operandi |
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MrBear12
Supreme |
05-Apr-2024 13:47
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I can hear the milo cans opening and closing. However, when the three in one gather together - Financial Analysts, Technical Analysts and Business Analysts - and proclaim an oracle of the 3 Singapore big banks, one must listen if one has ears. Solid outlook of DBS with generous payouts should keep DBS price supported. Agressive expansion of OCBC should see it grow in the years coming. Don' t give up on the under-performance of UOB. This is the oracle of the three in one on the 3 big banks Trade with oracles but believe at your own risk (BAYOR) |
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CheeryVGoh
Supreme |
05-Apr-2024 13:37
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Only sold partial yty. Happy to depo into my Milo Can.
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FATABA
Supreme |
05-Apr-2024 13:30
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Firstly wld like to mention that interest rate ALONE do not realy determine the direction of banks . More so it is the different betw the interest rate and the loan rate ( which is the profit banks earn) . Not forgetting that today MOST banks have a large portion of their income from Fees, AUM etc etc . ( I do think Q1 fee income might be lower ) DBS drop is expected ....20+ c drop if you remove the 54c dividend ......also this might be the opportunity for some who wanted the bonus ...coming days we will know ( till 22nd Apr) . 2024 DBS is going to make another $10B profit ...well may not be higher then 2023 but still 14% ROE is wonderful . Plus I am expecting a special bonus ....no point guessing the amt till 1H result . Further the bonus is entitled to the Q1 dividend. Long term investor will be more then happy to hold ( then taking risk and trading in/out ...cost etc) ...whatever it is each individual wish . OCBC is holding well .....esp with coming AGM and certainly the Chulia st update wld be good catalyst ( oh what about GE ?) Many hv given up on UOB ....book value $26 and certainly w a full yr of integration of Visa operation .....might not be surprise for it to be above $30 soon . Pls DYODD .....awaiting all these event patiently Happy investing.
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MrBear12
Supreme |
05-Apr-2024 13:19
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Textbook stuff. Aided by a weak US market. Congrats, anyway. Some small profit I am sure to keep in Ovaltine Can for retirement funds Trade with cans but lock them
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CheeryVGoh
Supreme |
05-Apr-2024 13:11
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Sold DBS & OCBC yty and bought back today.
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MrBear12
Supreme |
05-Apr-2024 09:02
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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US market traders may not get their interest rate cuts so soon. But banks will continue to benefit from sky high interest rates. Banks should do okay for the time being. Trade without paying interest |
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FATABA
Supreme |
05-Apr-2024 08:50
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Today is XD .....and you can see all the new comments on the DBS forum ....never see them before LOL Honestly wld be surprise if it does not drop today ....esp or more so due to the influence fm the big drop in US stock last nite. But time will tell till 22nd April . DYODD
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MrBear12
Supreme |
03-Apr-2024 16:59
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Double top not easy to break out. Maybe we will see a head and shoulders formation? | ||||
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FATABA
Supreme |
03-Apr-2024 16:56
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Another full day of trading to XD , so DBS will not hit the $37 mark of more . Next wld be many guesses of how much it wld drop by Friday XD. I doubt much as those holding for it dividend wld have NO issue to hold till 22nd XB day . Real test for DBS will be then . But again REALLY not a concern to long term SH ......as Q1 ( minimum 54c) will be coming in early May . Again I am expecting a surprise 1H 2024 . Will see DBS making $5B profit for 1H 2024 . Will be happy waiting. OCBC got a good pc of news on the potential redevelopment of its Chulia st land or so .....wow finally opening up the gold safe? Time will tell w more surprise from GE too . Happy investing. |
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FATABA
Supreme |
01-Apr-2024 11:32
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Lol I want to leave that to you mah ......just joking Thanks for highlighting this ...I am confident that by end 2024 and w another 10B profit we can expect a special dividend come full yr 2024 Definately a good stock to hold DYODD Happy investing.
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Echoes
Senior |
01-Apr-2024 10:47
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You left out another point , from the reply to shareholders Q& A prior to AGM . 6b excess capital , of which 3b will be returned to shareholders over the next 5 years . Thats 600m a year , or 23 cents per share . This will be on top of the dividens payable from the profits .
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FATABA
Supreme |
01-Apr-2024 10:15
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Singapore' s biggest bank DBS Group is confident of achieving a return on equity (ROE) of 15 per cent to 17 per cent in the medium term or over the next three to five years, its chief executive officer Piyush Gupta said on Thursday (Mar 28). Drivers include faster growth among its high ROE businesses such as wealth management and global transaction services. Meanwhile, DBS will allocate between S$300 million and S$500 million in capital to its India operations over the next three to four years and grow profitable consumer and small and medium-sized enterprises banking businesses there, Gupta said. DBS is also bullish on China&rsquo s greater bay area, and China in the long term, Gupta said. The bank announced in end-December that it was raising its stake in China&rsquo s Shenzhen Rural Commercial Bank in a S$376 million deal. Wow look at just these 3 points from the CEO ......15/17 ROE is something ALL other banks envy . He is also capitalising on the 2 largest growing economic power in the world . I think DBS is certainly a stock to hold long term DYODD Happy investing. (ROE) of 15 per cent to 17 per cent in the medium term or over the next three to five years S$300 million and S$500 million in capital to its India operation DBS is also bullish on China&rsquo s greater bay area |
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FATABA
Supreme |
26-Mar-2024 13:18
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LOL whatever, ALL DBS SH are happy it is above $36 and w & days to XD . ( I dont expect price to drop much as XB is on 22nd which is still a few wks more ) So what is the final price before XB is every body guess. ?? I also think Q1 dividend will remain at 54c BUT if 1H result is over $5B again ( most likely ) ....then we can expect a higher dividend 1H 2024 . DYODD |
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Echoes
Senior |
26-Mar-2024 12:41
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I doubt that Q1 dividens will be 60 cts cos it is taking place after the enlarged bonus issue . I think it will remain at 54 cts because after the bonus issue , it is actually 54x 11/10 = 59.4 cents , at todays prices . $28.81 post bonus issue was fact was mentioned by DBS after its results release . It was computed based on its share price of around $31.50 back then ( 7 Feb ) . It has since run up to $36 today so $28 is unlikely to happen .
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