Back

Latest Forum Topics / DBS    Last:63.78    -0.36

Post Reply

DBS Post Reply Rate topic
St.Maximus Supreme	15-Oct-2020 11:59        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry sir, I do not get what you mean when you post the link below. Do you mean to say DBS is an ethical bank or what? I get the impression that you are suggesting otherwise. Or are you?
Useful To Me  Not Useful To Me
uiop1223 Supreme	15-Oct-2020 11:58        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I dont mind no div. Let the stock appreciate and then do a stk spilt. Then see if want to encash partially. Look at SPH. Loss making still declare 1 cent dividend. Which one u prefer?
Useful To Me  Not Useful To Me
joebloggs Senior	15-Oct-2020 11:56        joebloggs About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.bankingonthetruth.com/is-dbs-an-ethical-bank
Useful To Me  Not Useful To Me
john_ric Supreme	14-Oct-2020 11:09        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pump n dump.
Useful To Me  Not Useful To Me
Goldfinger Supreme	13-Oct-2020 22:12        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you SM for the well-written post.  Fine for DBS to shore up its financial position.  These reserve dividends can be released once the COVID crises is behind.  I would expect DBS to restore its dividends to 2019 SGD1.20 levels by 2021 once the fear of a financial crises recedes, and to the $1.32 per share per year by 2022.  Hence, I can live with conserved dividends this year. I have also bought quite a bit of DBS below SGD20, so am not really complaining (too much).  Cheers to DBS and its supporters. St.Maximus      ( Date: 13-Oct-2020 16:52) Posted: Yes, Goldfinger, DBS could well have given out a SGD 1.32 payout this year. You are certainly right about it. But would that be desirable from the point of view of the bank? Yes, in some ways. But allow me to share something from the banker' s perspective in between fetching my girls, so pardon me if I did not express myself so well. Imagine Goldfinger that you lived up to your name as a goldsmith living many centuries ago in Italy. You store up gold to craft jewellery. One day, some rich person wants you to help him store his gold since you already do so. You agree, and help safe-keep gold for him. You do so successfully and you are recommended to store other people' s gold. Soon, you have quite a lot of gold on your hands. Over time, you discover that people tend to come to ' withdraw' their gold at various times and you make a mental note that at any time, you will still have 95% of the gold deposited left with you. You only needed to save up to about 5% of your gold and you could lend or use the other 95% and still be able to meet your depositors' demands for their gold back.  Here lies the rationale for the concept of capital requirements of a modern bank where instead of storing gold, you store cash in your safes for depositors. Keeping a modest 5% of your depositors' money, you, the bank, could actually ' invest' the rest by lending activities, buying securities/assets and so on. Of course, modern banks will have their own capital which they set aside for Tier 1 and core Tier 1 capital, etc. DBS is no exception. You can check out their Tier one capital ratios, probably above 10% (DBS, 2019 AR page 21 - 14.1% common equity Tier 1 capital). They may have hundreds of billions of depositors' monies plus their share capital and retained profit reserves (a couple of tens of billions more of capital) - so called supposedly flushed with cash. However, much of these monies are lent out or ' invested' in one way or another, leaving some monies with MAS, some in the safes so that when people like you and me go to the bank to withdraw cash, we will have some for our livelihoods. The relatively modern concept of the central bank (MAS/ FED/ Bank of a certain country) came about in the early 20th century when some banks in America suffered bank runs where depositors panicked and went in hordes to take out their money. There came a point when the bank had no more money to let depositors withdraw. Most of the bank' s money was tied up in assets/loans, etc. So several banks collapsed. The Fed was born, to help banks when there were such events. Now, in the middle of this pandemic, when banks do not receive their interests due and their loan repayments on time due to loan deferments and loan defaults, much of depositors' money as well as bank capital are tied up in these loans and ' investments' . If we had a bank run in addition to the toilet paper runs and alcohol disinfectant runs we have seen in the recent past, our strongest banks will have difficulties coping. This is why it is wise for banks to conserve their cash as they lend out most of their capital and depositors' money to where money is needed. DBS is no exception. Granted, it is the World' s Best Bank (Euromoney 2019), the Bank of the Year - Global (The Banker 2018), the Best Bank in the World (Global Finance 2018), etc., it may also be flushed with cash now, but this drastic measure of cutting dividend payouts is a provision to guard against a major financial catastrophe should our economy collapse as its foundations are now being shaken.  I have suffered 45% cut in quarterly dividends along with all DBS shareholders. It is painful. I have had to tighten my belt along with my family. But, I have come to terms with it. Goldfinger      ( Date: 13-Oct-2020 07:46) Posted: DBS could have continued with its SGD1.32 payout you know. It?s flush with cash
Useful To Me  Not Useful To Me
St.Maximus Supreme	13-Oct-2020 16:52        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, Goldfinger, DBS could well have given out a SGD 1.32 payout this year. You are certainly right about it. But would that be desirable from the point of view of the bank? Yes, in some ways. But allow me to share something from the banker' s perspective in between fetching my girls, so pardon me if I did not express myself so well. Imagine Goldfinger that you lived up to your name as a goldsmith living many centuries ago in Italy. You store up gold to craft jewellery. One day, some rich person wants you to help him store his gold since you already do so. You agree, and help safe-keep gold for him. You do so successfully and you are recommended to store other people' s gold. Soon, you have quite a lot of gold on your hands. Over time, you discover that people tend to come to ' withdraw' their gold at various times and you make a mental note that at any time, you will still have 95% of the gold deposited left with you. You only needed to save up to about 5% of your gold and you could lend or use the other 95% and still be able to meet your depositors' demands for their gold back.  Here lies the rationale for the concept of capital requirements of a modern bank where instead of storing gold, you store cash in your safes for depositors. Keeping a modest 5% of your depositors' money, you, the bank, could actually ' invest' the rest by lending activities, buying securities/assets and so on. Of course, modern banks will have their own capital which they set aside for Tier 1 and core Tier 1 capital, etc. DBS is no exception. You can check out their Tier one capital ratios, probably above 10% (DBS, 2019 AR page 21 - 14.1% common equity Tier 1 capital). They may have hundreds of billions of depositors' monies plus their share capital and retained profit reserves (a couple of tens of billions more of capital) - so called supposedly flushed with cash. However, much of these monies are lent out or ' invested' in one way or another, leaving some monies with MAS, some in the safes so that when people like you and me go to the bank to withdraw cash, we will have some for our livelihoods. The relatively modern concept of the central bank (MAS/ FED/ Bank of a certain country) came about in the early 20th century when some banks in America suffered bank runs where depositors panicked and went in hordes to take out their money. There came a point when the bank had no more money to let depositors withdraw. Most of the bank' s money was tied up in assets/loans, etc. So several banks collapsed. The Fed was born, to help banks when there were such events. Now, in the middle of this pandemic, when banks do not receive their interests due and their loan repayments on time due to loan deferments and loan defaults, much of depositors' money as well as bank capital are tied up in these loans and ' investments' . If we had a bank run in addition to the toilet paper runs and alcohol disinfectant runs we have seen in the recent past, our strongest banks will have difficulties coping. This is why it is wise for banks to conserve their cash as they lend out most of their capital and depositors' money to where money is needed. DBS is no exception. Granted, it is the World' s Best Bank (Euromoney 2019), the Bank of the Year - Global (The Banker 2018), the Best Bank in the World (Global Finance 2018), etc., it may also be flushed with cash now, but this drastic measure of cutting dividend payouts is a provision to guard against a major financial catastrophe should our economy collapse as its foundations are now being shaken.  I have suffered 45% cut in quarterly dividends along with all DBS shareholders. It is painful. I have had to tighten my belt along with my family. But, I have come to terms with it. Goldfinger      ( Date: 13-Oct-2020 07:46) Posted: DBS could have continued with its SGD1.32 payout you know. It?s flush with cash. St.Maximus      ( Date: 12-Oct-2020 22:54) Posted: Yes Starship, You noted well that dividends for Chinese banks were largely maintained this year, at least, I know, for BOC. But the article I attached again here warns us that for next year, dividends may fall sharply and there may even be none because of lower profits for FY 2020 and the need to shore up capital requirements. Also, HSBC had already scrapped its interim final dividend for this year in April. It is well worth a read, the following article: https://www.scmp.com/business/banking-finance/article/3102845/chinas-biggest-banks-may-follow-hsbc-trimming-dividend
Useful To Me  Not Useful To Me
Starship Supreme	13-Oct-2020 16:08        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	China banks have paid their usual divvies this year. There' s no reason for them to cut divvies going fwd as China is the 1st to recover and recovery as fast as Usain Bolt. Today, China' s economic data agan blows away any doubt of chin' s recovery!!!! China' s imports, exports surge as global economy reopens OCT 12, 2020 11:31PM EDT BEIJING, Oct 13 (Reuters)  -  China' s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world' s second-biggest economy. Exports in August rose 9.9% from a year earlier, customs data showed on Tuesday, broadly in line with analysts' expectations for 10% growth and up from a solid 9.5% increase in August. The strong trade performance suggests Chinese exporters are making a brisk recovery from the coronavirus pandemic' s hit to overseas orders. As the global economy restarts, Chinese firms are rushing to grab market share as their rivals grapple with reduced manufacturing capacity. China' s factory activity has also picked up as international trading gradually resumes. China' s trade surplus with the United States narrowed to $30.75 billion in September from $34.24 billion in August. https://www.nasdaq.com/articles/chinas-imports-exports-surge-as-global-economy-reopens-2020-10-12   St.Maximus      ( Date: 13-Oct-2020 15:49) Posted: Good for you Starship, I look forward to more innovative video-pictures from you real soon. Yes, I too look to re-invest in China banks, but with my eyes wide open to see there could be no dividends declared next year. If there is, it will be BONUS. And who does not want bonuses? All the very best!
Useful To Me  Not Useful To Me
Starship Supreme	13-Oct-2020 15:55        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	China' PBOC has released pro-banks measures yesterday and today. That' s why analysts have made an about-turn and are now telling investors to go in!!! St.Maximus      ( Date: 13-Oct-2020 15:49) Posted: Good for you Starship, I look forward to more innovative video-pictures from you real soon. Yes, I too look to re-invest in China banks, but with my eyes wide open to see there could be no dividends declared next year. If there is, it will be BONUS. And who does not want bonuses? All the very best!
Useful To Me  Not Useful To Me
St.Maximus Supreme	13-Oct-2020 15:49        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good for you Starship, I look forward to more innovative video-pictures from you real soon. Yes, I too look to re-invest in China banks, but with my eyes wide open to see there could be no dividends declared next year. If there is, it will be BONUS. And who does not want bonuses? All the very best!
Useful To Me  Not Useful To Me
Starship Supreme	13-Oct-2020 15:29        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m also holding some China big banks for divvies and am considerinng adding more using the moey fm AGT coming in this week!!!!! St.Maximus      ( Date: 13-Oct-2020 05:45) Posted: Let us thank ss2017 for the article from Motley Fool on assessing the four main banks in China through their respective P/B, P/E and dividend yields. The article indicates Bank of China (BOC) to be the ' cheapest' bank as of late last year when the article was written. Looking at how much more BOC has fallen this year, it could well be still true. I must confess that I hold BOC shares and have been enjoying its regular dividend incomes in HKD - stable income for the last 7 years or so. But I cannot expect that next year this will continue to be the case, though my gut feel is that BOC is, though not the largest, but the strongest of the 4 China banks. Its relative ' cheap' valuations have constantly driven me to ask myself the question, why do I not buy more of BOC shares rather than DBS? The answer could simply be because I am Singaporean and do not want myself to be exposed to currency risks and to country risks. So DBS as South East Asia' s largest and ' best' bank is still my ' safer' bet and the rock of my portfolio of stocks even if China banks look much ' cheaper' .   ss2017.      ( Date: 12-Oct-2020 23:28) Posted: You may want to read this article below https://www.fool.hk/en/2019/11/11/chinas-big-4-banks-are-cheap-now-but-which-is-the-cheapest/
Useful To Me  Not Useful To Me
St.Maximus Supreme	13-Oct-2020 11:20        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks John. The price might be over 22 by then. But keep that date in mind, it is an important one not just for DBS and the banks, but for SGX stocks on the whole. Till then.
Useful To Me  Not Useful To Me
john_ric Supreme	13-Oct-2020 11:07        john_ric About Contact  Quote this Post!
x 1   x 0  Alert Admin	DBS Third-quarter 2020 results            ..on 5 Nov  2020
Useful To Me  Not Useful To Me
FATABA Supreme	13-Oct-2020 09:39        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Agree, MAS n SGX ....always doing things at the wrong timing .....honestly it can be a range depending on the bank capabilities n mgt ability ( like DBS)  Mayb 50/80% of whatever .....I am very sure our banks are more then capable to mgt this base on their payout ratio. etc But AGAIN n AGAIN  MAS n SGX...always put in a hand at the WRONG time n sometime wrong thing. ( in this case/ I am only talking abt wrong time)  Goldfinger      ( Date: 13-Oct-2020 09:30) Posted: Err... I think this is more about encouraging them to lend to save SMEs, and not about the bank survival.  DBS is probably one of the safest Blue Chip you can see on the lousy SGX market.  The rest will go bust before DBS does.  Remember the POSB heartlanders???? St.Maximus      ( Date: 13-Oct-2020 08:41) Posted: And MAS has surely the foresight to recommend the cap on bank dividend to be  60  per cent  of FY2020  dividends. This  &ldquo balances the objective of capital conservation with the interests of shareholders,&rdquo MAS has said.  In the face of declining bank profits of some 30% in Singapore, plus the deferment in payment of loans and more loan defaults to be expected, the retaining of bank profits (if any) is going to prove critical for the survival of any bank in these times.
Useful To Me  Not Useful To Me
St.Maximus Supreme	13-Oct-2020 09:36        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes Goldfinger! Thanx for reminding me about POSB heartlanders. After all, lending is about being neighbors. And I am one of them. Indeed, I have been a supporter of POSB and DBS almost all my life and they have held a significant portion of my savings since Primary school!  But how will saving their dividends encourage the bank to lend more to SMEs? I thought that if heartlanders like us saved more with POSB, some of our savings will then be lent to SMEs.
Useful To Me  Not Useful To Me
Goldfinger Supreme	13-Oct-2020 09:30        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Err... I think this is more about encouraging them to lend to save SMEs, and not about the bank survival.  DBS is probably one of the safest Blue Chip you can see on the lousy SGX market.  The rest will go bust before DBS does.  Remember the POSB heartlanders???? St.Maximus      ( Date: 13-Oct-2020 08:41) Posted: And MAS has surely the foresight to recommend the cap on bank dividend to be  60  per cent  of FY2020  dividends. This  &ldquo balances the objective of capital conservation with the interests of shareholders,&rdquo MAS has said.  In the face of declining bank profits of some 30% in Singapore, plus the deferment in payment of loans and more loan defaults to be expected, the retaining of bank profits (if any) is going to prove critical for the survival of any bank in these times.
Useful To Me  Not Useful To Me
ckmpd1 Supreme	13-Oct-2020 09:26        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It depends.  There is definitely a difference between a recommendation and a compliance Goldfinger      ( Date: 13-Oct-2020 08:14) Posted: When MAS says you behave right. ckmpd1      ( Date: 13-Oct-2020 08:04) Posted: The cap is just a guideline from MAS.  Not a compulsio
Useful To Me  Not Useful To Me
St.Maximus Supreme	13-Oct-2020 09:08        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, in the USA, they say that the FED withdraws the bowl of punch when the party starts getting hyped up and the participants possibly becoming euphoric. So the timing of the MAS guideline to limit dividend payouts was exactly to do just that - to adjust our dividend expectations and the effect has certainly adjusted mine and many other investors' . GREAT expectations become more moderate ones.
Useful To Me  Not Useful To Me
FATABA Supreme	13-Oct-2020 08:53        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	i guess its NOT the issue of asking a cap on dividend payout ....BUT MAS timing of doing it ...so near the 2Q payout timing where many investor alrdy brought into  banks expecting a better payout ....honestly our banks CAN STILL afford a better payout for q2.  MAS is immediate ....it cld easily advise to cap payment after Q2 ....not causing a sudden adjustment to bank stock pricing that week in particulat .  AGAIN ....many of them are just implimenting a rule ...NOT knowing the actual market situation n anything abt timing .   St.Maximus      ( Date: 13-Oct-2020 08:41) Posted: And MAS has surely the foresight to recommend the cap on bank dividend to be  60  per cent  of FY2020  dividends. This  &ldquo balances the objective of capital conservation with the interests of shareholders,&rdquo MAS has said.  In the face of declining bank profits of some 30% in Singapore, plus the deferment in payment of loans and more loan defaults to be expected, the retaining of bank profits (if any) is going to prove critical for the survival of any bank in these times.
Useful To Me  Not Useful To Me
St.Maximus Supreme	13-Oct-2020 08:41        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	And MAS has surely the foresight to recommend the cap on bank dividend to be  60  per cent  of FY2020  dividends. This  &ldquo balances the objective of capital conservation with the interests of shareholders,&rdquo MAS has said.  In the face of declining bank profits of some 30% in Singapore, plus the deferment in payment of loans and more loan defaults to be expected, the retaining of bank profits (if any) is going to prove critical for the survival of any bank in these times.
Useful To Me  Not Useful To Me
Goldfinger Supreme	13-Oct-2020 08:14        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	When MAS says you behave right. ckmpd1      ( Date: 13-Oct-2020 08:04) Posted: The cap is just a guideline from MAS.  Not a compulsion Goldfinger      ( Date: 13-Oct-2020 07:47) Posted: It was because of the artificial cap
Useful To Me  Not Useful To Me

                                                         First   < Newer   7541-7560 of 18138   Older>   Last