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3 BIG Spore banks ....:))
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Ling9345
Senior |
20-Jul-2022 17:01
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Thanks 😊 | ||
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Luckygal
Member |
20-Jul-2022 16:49
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4th Aug before market start. | ||
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Ling9345
Senior |
20-Jul-2022 16:47
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DBS when the result out?thanks 👏 | ||
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FATABA
Supreme |
20-Jul-2022 16:11
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today ALL 3 banks have gone up to better valuation ....w UOB and DBS rising over 80c each Even the slowerOCBC is back above its book value W coming dividend, many are looking at the attractive yield of our 3 banks .....\ Happy investing.
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pikachu
Veteran |
13-Jul-2022 06:39
Yells: "Holy Cow!" |
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Go DBS go! | ||
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Adrianinsing
Master |
12-Jul-2022 22:09
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DBS has bottomed and is a strong buy now - today DBS : D05 +2.33% topped the STI on Tuesday, climbing 2.3 per cent or S$0.70 to close at S$30.73. In second place, UOB : U11 +1.44% rose 1.4 per cent or S$0.38 to close at S$26.79. OCBC : O39 +0.35% was also in the black, gaining 0.4 per cent or S$0.04 to close at S$11.49. |
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Adrianinsing
Master |
12-Jul-2022 17:40
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We cannot invest on book value alone
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Adrianinsing
Master |
12-Jul-2022 17:39
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DBS shows all the signs of having bottomed - same pattern as in 2020
Those selling last week will have deep regrets |
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Ling9345
Senior |
12-Jul-2022 16:46
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DBS over bought?5.04pm drop again? | ||
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FATABA
Supreme |
12-Jul-2022 16:12
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Currently UOB is ONLy trading at 1.1X its book at 26.70 with a dividend of NOT less then $1.20 a year...yield of 4.5% Certainly not bad for a bank which is having Visa asia operation merging into this coming qtr result . Surprise cld be improve dividend ? OCBC is even traing BELOW its book of 11.457 ....wow if 53c it has a yield of 4.6% ( I wld not be surprise if OCBC increases its dividend this 1H 2022 ) DBS is over price in term of book value but its share price seem to be well supported . With more rise in interest rate .....Singapore banks will be performing better . Please NPL are well taken care of w good provision . Happy investing. DYODD |
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gslgsl
Senior |
12-Jul-2022 13:38
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Singapore&rsquo s policy quirk lures bank funding rushPUBLISHED MON, JUL 11 202211:13 PM EDT
KEY POINTS
Global banks are rushing to sell bonds in Singapore, where unique monetary settings have opened a favorable borrowing window that puts the city-state&rsquo s debt markets on course for the biggest year of bank-capital raising in more than a decade. Singapore&rsquo s central bank manages policy via its currency, rather than short-term rates, and one consequence has been the benchmark Singapore Overnight Rate Average (SORA) lagging a rise in comparable borrowing costs for U.S. dollars. Unlike other low-rate destinations in Europe or Japan, the Monetary Authority of Singapore is also keen on keeping the Singapore dollar steady, reducing currency risk, and investor appetite has been strong. Almost S$12 billion ($8.5 billion) has been raised in Singapore&rsquo s debt markets from Jan. 1 to July 6, the largest for the period since 2019, according to Refinitiv data, with June the biggest month for issuance by value since Sept. 2021. About half of the S$3.5 billion raised in June and a fifth of the year-to-date figure are &ldquo Tier 2&rdquo notes, issued by banks for reserve capital requirements &mdash the biggest slice of this type of debt that Singapore has seen in over 10 years. &ldquo Debt markets here are still quite well behaved, rates have not risen significantly,&rdquo Daryl Ho, senior investment strategist at Singapore&rsquo s DBS Bank, said at a briefing, in contrast to deteriorating conditions in bigger markets. &ldquo Naturally, you&rsquo ll attract a lot of issuers.&rdquo Through June, SORA, a volume-weighted calculation on unsecured interbank loans and a benchmark for longer rates, averaged about 1% against an average of just over 1.2% for overnight dollar LIBOR. |
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CheeryVGoh
Supreme |
01-Jul-2022 23:45
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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
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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
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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
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Adrianinsing
Master |
30-Jun-2022 15:57
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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
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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
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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
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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
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UOB is 29th Friday Jul BEFORE THE market opens.... so confident w added " Visa part of the business" Dyodd
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gslgsl
Senior |
27-Jun-2022 08:28
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UOB Half Year Financial Statements out on 29 July 2022.
DBS Half Year Financial Statements out on 04 August 2022.
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