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3 BIG Spore banks ....:)) Post Reply Rate topic
CheeryVGoh Supreme	01-Jul-2022 23:45        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	On the posiƟ ve side, we believe that the rising interest rate environment would have a posiƟ ve impact on the banking sector&rsquo s core bread and buƩ er Net Interest Margins (NIM) as the 3 bank&rsquo s CEO&rsquo s have guided that every 100 basis point rise in interest rates is expected to add an incremental S$1 billion to S$2 billion to their boƩ om-lines respecƟ vely. We have already seen the 3 banks hiking mortgage rates as well as business and individual fi nancing rates. At the same Ɵ me, the cheaper sources of funding &ldquo Current Account and Savings Account&rdquo is sƟ ll growing despite the rising rates refl ecƟ ng the global uncertainƟ es with funds rushing to safe haven banks in Singapore. Loans growth for the 3 banks is sƟ ll expected to range between 5%-10% refl ecƟ ng the re-opening of Singapore / SE Asian economies. The higher bond yields would also make lending by corporates in the bond markets more expensive relaƟ ve to bank loans, thereby providing another source of loan growth for the banks. On NPLs, the 3 banks have guided that they have suffi cient overlays and buff ers from previous provisions in case Covid-19 re-emerges and also business senƟ ments sour on the back of a global economic slowdown. And on costs, while infl aƟ onary pressures remain persistent, we believe that the NIM expansion and loans growth would be more than suffi cient to allow the banks to meet their cost to income targets set earlier this year. Given their underperformances, DBS and UOB currently trades at aƩ racƟ ve valuaƟ ons at 10x FY22 PE against the STI&rsquo 12-13x PE and with excess capital, we believe there could be upside dividend surprises for this year. OCBC with their consistent buy backs have seen their share price outperform the STI marginally. At close to 5% yields against the STI&rsquo s 3-4% yields, 9-10x PE against the STI&rsquo s 12-13x PE and with growth expected of 10% plus, we maintain &ldquo Accumulate&rdquo for Singapore banks.
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FATABA Supreme	01-Jul-2022 10:51        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Another 75bp rate hike is expected on 27 July from the Fed, and with Singapore&rsquo s interest rates moving in tandem with the United States, banks in the country are expected to benefit from the increase. Between  DBS and OCBC, UOB Kay Hian said the bigger winner from another rate hike from the Fed would be the former. Based on the analyst&rsquo s estimate, DBS&rsquo s net interest margin (NIM) would expand by 9bp to 1.54% in 2022 and 43bp to 1.97% in 2023, should there be four rate hikes in 2H22 totalling 200bp.  UOB Kay Hian said the intensity of hikes could ease after the FOMC meeting on 21 Sep 22, following the expected 75bp rate increase on 27 July. Apart from the NIM, the analyst said DBS&rsquo earnings will likely grow by 15.9% in 2023 and 9.7% in 2024. Meanwhile, the bank&rsquo s dividends per share (DPS) will likely clock in at $1.44 in 2022 and $1.48 in 2023, representing dividend payout ratios of 56.4% and 50.0% respectively.  OCBC likewise will see expansion in its NIM and earn rights growth, though lower than that of DBS. According to UOB Kay Hian, OCBC&rsquo s NIM will likely expand by 6bp to 1.61% in 2022 and expand 27bp to 1.88% in 2023, whilst its earnings will grow by 11.0%   in 2023 and 6.1% in 2024. &ldquo We expect DPS of S$0.56 in 2022 and S$0.60 in 2023, which represents a dividend payout ratio of 50.2% and 48.4% respectively,&rdquo the analyst added.
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Adrianinsing Master	30-Jun-2022 16:50        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree totally Smart and prudent analysis Buy the banks after 5pm today in post market sell off DBS is more expensive for a good reason FATABA      ( Date: 30-Jun-2022 12:51) Posted: All 3 banks have raised their morgage rate .....hmm, certainly more income in the coming next 2 qtrs.  W result coming up in the nex 30 days ,  what is the worth of our 3 banks  At 56c dividend OCBC is now 4.8% yield at aro 11.46 At 1.20 dividend UOB is above 4.5% yield at 26.40 ( NOT forgetting that UOB should include Visa business this reporting )  DBS is 4.8% at $30 . ( fm book value , DBS is still the most expensive but it should benefir w the rate hike too )  ALL 3 Singapore banks are OFFERING great value for funds and investor now .  SOLID , well managed and w good provision taken .  Happy investing
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Adrianinsing Master	30-Jun-2022 15:57        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	End of the month Expect all banks to drop after 5pm in post market trade
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john_ric Supreme	30-Jun-2022 15:51        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	Uob fix dep 2% 15 months for. 20000. Dbs 8 months 1.1% Ocbc??
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Ling9345 Senior	30-Jun-2022 13:13        Ling9345 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interest rate up, bank down,so Interest rate is confirmed not good for 3 bank,more drop is coming
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FATABA Supreme	30-Jun-2022 12:51        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	All 3 banks have raised their morgage rate .....hmm, certainly more income in the coming next 2 qtrs.  W result coming up in the nex 30 days ,  what is the worth of our 3 banks  At 56c dividend OCBC is now 4.8% yield at aro 11.46 At 1.20 dividend UOB is above 4.5% yield at 26.40 ( NOT forgetting that UOB should include Visa business this reporting )  DBS is 4.8% at $30 . ( fm book value , DBS is still the most expensive but it should benefir w the rate hike too )  ALL 3 Singapore banks are OFFERING great value for funds and investor now .  SOLID , well managed and w good provision taken .  Happy investing
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FATABA Supreme	27-Jun-2022 10:44        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	UOB is 29th Friday Jul BEFORE THE market opens.... so confident w added " Visa part of the business"   Dyodd gslgsl      ( Date: 27-Jun-2022 08:28) Posted: UOB Half Year Financial Statements out on 29 July 2022.   DBS  Half Year Financial Statements out on 04 August 2022.
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gslgsl Senior	27-Jun-2022 08:28        gslgsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOB Half Year Financial Statements out on 29 July 2022.   DBS  Half Year Financial Statements out on 04 August 2022.
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john_ric Supreme	13-Jun-2022 16:33        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	sooner or better news will come out.
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subaru Senior	13-Jun-2022 16:29        subaru About Contact  Quote this Post!
x 0   x 0  Alert Admin	any bad news of uob?
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slingshotpro Senior	11-Jun-2022 06:53        slingshotpro About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only Ocbc still doing share buy back but where are dbs and Uob? FATABA      ( Date: 10-Jun-2022 16:08) Posted: ALL 3 banks seem to be supported by HIGH volume  DBS at $30 and OCBC at $11.60 ...hmm who Temasek ?  UOB is privately owned and so far 27.75 is supported  ALL 3 banks are now giving OVER 4% yield ..something funds wld be like bees to honey  DYODD
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slingshotpro Senior	10-Jun-2022 18:15        slingshotpro About Contact  Quote this Post!
x 0   x 0  Alert Admin	The other 2 banks playing catching up Adrianinsing      ( Date: 10-Jun-2022 17:52) Posted: DBS holding up better than other two Singapore banks last two trading sessions 😊 👍
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Adrianinsing Master	10-Jun-2022 17:52        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS holding up better than other two Singapore banks last two trading sessions 😊 👍
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FATABA Supreme	10-Jun-2022 16:08        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	ALL 3 banks seem to be supported by HIGH volume  DBS at $30 and OCBC at $11.60 ...hmm who Temasek ?  UOB is privately owned and so far 27.75 is supported  ALL 3 banks are now giving OVER 4% yield ..something funds wld be like bees to honey  DYODD
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FATABA Supreme	10-Jun-2022 10:29        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	From a fundamental point of view on the 3 banks ( just sharing ....DYODD )  DBS at 3020 is offering a yield of 4.76%  UOB at 27.80 a yield of 4.3% OCBC at 11.65 ( 28cx2 dividend) yield 4.8 % This is certainly better than bank or even your CPF account interest.  Happy investing  vested gslgsl      ( Date: 10-Jun-2022 09:28) Posted: Bank shares are due for technical rebound.
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gslgsl Senior	10-Jun-2022 09:28        gslgsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bank shares are due for technical rebound.
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FATABA Supreme	08-Jun-2022 10:27        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Now DBS is under attack after UOB for the past week .  I have not comment on DBS as it is the highest valuation still ....of course in some way compensated by its higher earnings.  OCBC is still the cheapest now . Dyodd
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Ling9345 Senior	07-Jun-2022 16:22        Ling9345 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U buy at what price, but now index is low,so DBS good chance to go up Me Vested also Adrianinsing      ( Date: 07-Jun-2022 13:52) Posted: All three have quite a way to fall yet  I bought DBS too early  Both DBS and UOB have about a dollar + to fall yet and OCBC around 40-50c It is a bear market so all rallies in banks fail roght now  FATABA      ( Date: 07-Jun-2022 13:39) Posted: Banks are getting interesting ....OCBC is still the cheapest now trading just 1.035X it book value  DBS has fallen much since XD .....but still a good 1.43X its book ...will it fall more ?  UOB surprising was dropping for the last several days ....to 28.55 now ...just below 1.2X book value  After JUN wld be result season w  ...good dividend from UOB and OCBC .....hmm ...is it an opportunity to buy ?  Dyodd
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FATABA Supreme	07-Jun-2022 14:12        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Not in any debate ....and no comment on DBS dropping another $1+ ....per your comment  BUT I wonder base on what is the justification for OCBC to fall 40/50c which would bring its share price BELOW its book value ?? LOL  Fund managers and investor wld queue way earlier for it then . DYODD Adrianinsing      ( Date: 07-Jun-2022 13:52) Posted: All three have quite a way to fall yet  I bought DBS too early  Both DBS and UOB have about a dollar + to fall yet and OCBC around 40-50c It is a bear market so all rallies in banks fail roght now  FATABA      ( Date: 07-Jun-2022 13:39) Posted: Banks are getting interesting ....OCBC is still the cheapest now trading just 1.035X it book value  DBS has fallen much since XD .....but still a good 1.43X its book ...will it fall more ?  UOB surprising was dropping for the last several days ....to 28.55 now ...just below 1.2X book value  After JUN wld be result season w  ...good dividend from UOB and OCBC .....hmm ...is it an opportunity to buy ?  Dyodd
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