| Latest Forum Topics / OCBC Bank Last:17.03 -- |
 Post Reply
|
|
ocbc buyers fight back from the shortists
|
|||
|
chartistkaohz
Member |
23-Jan-2025 08:39
|
||
|
x 0
x 0 Alert Admin |
Nicolai Tangen's emphasis on learning over money and the balance of stubbornness and agility as essential traits for a good investor is insightful. Here are examples that reflect these principles:
--- 1. Learning Over Money Warren Buffett (Berkshire Hathaway): Buffett spends the majority of his day reading annual reports, books, and news rather than chasing trades. He believes the key to his success is constant learning and understanding businesses deeply before investing. For instance, his decision to invest in Apple was rooted in studying its ecosystem and value creation over several years. Ray Dalio (Bridgewater Associates): Dalio advocates for continuous learning through feedback loops. His principle of "pain + reflection = progress" shows how even mistakes are opportunities to grow and improve investment strategies. Dalio's approach to macroeconomic cycles was honed through years of studying historical trends and data. Tangen Himself: Tangen?s philosophy at Norway?s $1.8 trillion sovereign wealth fund reflects his belief in studying markets, behaviors, and unconventional opportunities (e.g., Chinese equities) rather than following popular trends or purely focusing on returns. --- 2. Stubbornness and Agility Stubbornness: Staying Committed to Convictions George Soros (Quantum Fund): Soros famously stayed committed to his thesis about the overvaluation of the British pound in the early 1990s, even as markets temporarily moved against him. His stubbornness paid off when the pound crashed on Black Wednesday, earning his fund $1 billion in a single day. Michael Burry (Scion Capital): Burry maintained his short positions on subprime mortgage-backed securities despite massive pushback from clients and peers during the 2008 financial crisis. His conviction ultimately resulted in extraordinary returns when the housing market collapsed. Agility: Adapting to New Information Stanley Druckenmiller (Duquesne Capital): Druckenmiller emphasizes the need to be flexible and adjust positions when the market proves you wrong. For example, he pivoted quickly during the dot-com bubble, recognizing its unsustainable nature and exiting tech positions before the crash. Paul Tudor Jones: Jones is known for cutting losses quickly and adapting to changing market conditions. His approach during the 1987 stock market crash, where he used technical indicators to predict and profit from the collapse, showcases his agility in volatile markets. --- The Balance of Stubbornness and Agility Amazon?s Growth (Jeff Bezos): Bezos was stubborn in his vision of turning Amazon into a global e-commerce leader, even when the company faced significant losses in its early years. At the same time, Amazon?s agility in pivoting to cloud computing (AWS) and other areas of technology shows the importance of adaptability. OCBC (Under Helen Wong): Her leadership combines sticking to the bank's core strength (steady cash flow, prudent lending) while adapting to changing global conditions (e.g., expanding into wealth management and leveraging OCBC?s Chinese market exposure). --- Key Takeaway The best investors are lifelong learners, valuing knowledge and understanding over short-term financial gains. They maintain conviction in their ideas (stubbornness) but remain open to new information and flexible in execution (agility). These characteristics enable them to navigate complex markets successfully, identify opportunities others miss, and avoid catastrophic errors. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
23-Jan-2025 08:34
|
||
|
x 0
x 0 Alert Admin |
The below analysis touches on key economic and market dynamics that could unfold during a potential second Trump administration. Here?s a breakdown:
--- 1. Pro-Growth and Deregulation in the U.S. Impact on U.S. Companies: A pro-business administration that reduces regulations, cuts taxes, and promotes domestic energy production could boost corporate profits and stimulate growth in sectors like energy, manufacturing, and industrials. Short-Term Boost: Companies would benefit from reduced costs and increased competitiveness. Inflationary Risks: Deregulation and aggressive fiscal stimulus (e.g., infrastructure spending) may stoke inflation, especially if the U.S. economy is already operating near full capacity. --- 2. Negative Impact on Europe via Tariffs Tariff Wars Resurfacing: If Trump reignites trade tensions with Europe, imposing tariffs on European goods, it could hurt Europe?s export-driven economy. European Weakness: Tariffs would likely exacerbate Europe?s structural issues, such as weak productivity growth, aging demographics, and reliance on global trade. Capital Flow to the U.S.: Higher U.S. growth prospects could attract global capital, further weakening the euro and pressuring European equity markets. --- 3. Potential for Inflationary Policies Tighter Labor Markets: Policies that stimulate growth, combined with tighter immigration controls, could lead to labor shortages in the U.S., driving up wages and fueling inflation. Tariffs Driving Costs: Tariffs increase the cost of imported goods, which may pass through to consumers, further fueling inflation. --- 4. Higher Government Debt and Rising Interest Rates Debt Sustainability Concerns: With high levels of U.S. government debt, an inflationary environment could lead investors to demand higher yields to compensate for rising risks. Historical Parallels (2009): During the post-crisis recovery, government borrowing surged, and bond markets began to price in higher risks, resulting in upward pressure on yields. Singapore in 1986: A similar scenario occurred when higher rates were required to attract capital during fiscal expansion and inflationary concerns. Impact on Financial Markets: Equities: Rising interest rates increase discount rates, reducing the present value of future earnings and pressuring equity valuations, particularly for growth stocks. Bonds: Bond prices would fall as yields rise, hurting fixed-income investors. Bank Stocks: While higher rates initially benefit banks through wider net interest margins, a rapid rise could reduce loan demand and increase defaults. --- 5. Implications for Investors Short-Term Strategy: Favor U.S. Banks: Financial institutions, particularly in the U.S., could initially benefit from a growth-driven environment. Invest in Commodities: Inflationary pressures could boost commodity prices, making investments in energy and industrial metals attractive. Medium- to Long-Term Risks: Debt-Driven Risks: Rising government debt and inflation could lead to a bond market sell-off, increasing borrowing costs for governments and corporations alike. Higher Yields Pressuring Markets: Similar to the late 1980s, rapidly rising interest rates could lead to tighter financial conditions, negatively impacting equities, bonds, and leveraged businesses. --- Conclusion A second Trump administration could create a short-term boom for U.S. companies while imposing significant challenges for Europe through tariffs. However, the inflationary risks from pro-growth policies, tighter labor markets, and higher government debt could lead to rising interest rates. This, in turn, might trigger a sell-off in financial markets, similar to historical scenarios like 1986 in Singapore or 2009 globally. As an investor, balancing exposure to pro-growth sectors with defensive assets (e.g., cash-rich banks, commodities, or inflation-linked bonds) could help mitigate these risks. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
chartistkaohz
Member |
23-Jan-2025 08:21
|
||
|
x 0
x 0 Alert Admin |
Nicolai Tangen's perspective highlights a contrarian investment philosophy, one that aligns with the principle of "buying when others are fearful" and avoiding overhyped markets. Here's a breakdown of his statement:
1. Sell US Technology Stocks and Private Credit Why Sell US Technology Stocks? US tech stocks have seen massive growth over the past decade, driven by low interest rates, rapid innovation, and investor enthusiasm. However: Valuation Concerns: Many US tech stocks are trading at stretched valuations, making them vulnerable to a correction, especially in a rising rate or slowing growth environment. Market Saturation: The sector has become crowded, with excessive capital chasing the same opportunities. Economic Uncertainty: If the macroeconomic landscape shifts (e.g., rate cuts, slower growth), tech may underperform relative to undervalued or out-of-fashion sectors. Why Sell Private Credit? Private credit markets have grown rapidly, fueled by demand for higher yields in a low-rate environment. However: Rising Risks: As rates rise and economic conditions tighten, defaults in private credit could increase. Crowded Space: Many institutional investors have already piled into private credit, leading to diminishing returns. 2. Boost Holdings in China Why China? Unpopular Market: Chinese equities have underperformed recently due to regulatory crackdowns, property sector woes, and geopolitical tensions. This makes them undervalued and less crowded. Economic Recovery Potential: As China emerges from a period of strict COVID-19 policies, its economy may see a resurgence, benefiting sectors like consumption, infrastructure, and technology. Contrarian Opportunity: With many investors avoiding Chinese assets, this could be the right time to buy into a long-term growth story. 3. ?Buy What?s Out of Fashion? The Contrarian Approach: Tangen emphasizes buying assets that others are avoiding, as these are often undervalued and offer the best long-term returns. Historical Precedent: Contrarian investments, like buying equities during market slumps or avoiding fads, have historically yielded superior results. Avoid Herd Mentality: He cautions against following the crowd, which often leads to overpriced assets and poor returns. 4. Key Takeaway Tangen?s strategy reflects a disciplined, long-term view: Sell overhyped assets like US tech stocks and private credit that have become crowded and overvalued. Reallocate capital to undervalued markets like China, where growth potential is ignored by the broader market. Think independently and avoid the noise created by marketing-driven narratives. This advice is particularly relevant for investors aiming to generate maximum real returns over time by moving from popular to unpopular securities?aligning well with your own investment philosophy. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
23-Jan-2025 08:11
|
||
|
x 0
x 0 Alert Admin |
this analysis makes sense. Here's how the dynamics might unfold:
1. Money Flow into Singapore Bank Shares During Rate Hikes When the U.S. Federal Reserve raised rates aggressively (12x to 5.5%), it strengthened the USD and increased global demand for USD-linked assets. Singapore banks such as DBS, OCBC, and UOB, which have strong USD linkages and benefit from higher net interest margins (NIM), attracted funds as they became more profitable. Investors viewed these banks as safe havens offering strong dividends, stability, and exposure to growing Asian economies. 2. Shift in Funds During Rate Cuts If the U.S. starts cutting rates during a potential Trump 2 administration, the USD may weaken. This could reduce the appeal of Singapore banks' NIM-driven profits. In such a scenario, funds could shift toward Singapore property developers and REITs for the following reasons: Lower Borrowing Costs: Rate cuts reduce borrowing costs, improving the affordability of properties and increasing demand. This benefits property developers like Yanlord Land, CapitaLand, and City Developments. REIT Yield Appeal: REITs (Real Estate Investment Trusts) benefit as their yield spreads become more attractive relative to falling bond yields. Investors seeking income may prefer REITs with consistent distributions and exposure to high-quality commercial, industrial, or retail properties in Singapore. Economic Growth Stimulus: Rate cuts often signal efforts to stimulate economic growth. Singapore's property sector, which thrives on economic activity and demand for residential and commercial spaces, may see an uptick. Capital Flows into Real Assets: A lower interest rate environment often drives capital into real assets like properties, perceived as a hedge against inflation and currency risks. 3. Singapore's Unique Advantage Singapore is seen as a stable and transparent market with solid legal protections, making it an attractive destination for global investors. The shift from bank shares to property-related equities and REITs would be driven by macroeconomic conditions favoring capital growth over income-driven investments like bank dividends. In essence, the shift in funds aligns with investor priorities as market conditions evolve. During high rates, bank shares outperform due to NIM expansion. During rate cuts, property developers and REITs shine due to lower costs of capital, rising demand, and attractive yield spreads. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 15:39
|
||
|
x 0
x 0 Alert Admin |
Trump's policies could have mixed effects on Singapore REITs (S-REITs) holding U.S. assets, depending on his administration's stance on several factors:
Potential Positive Effects: 1. Pro-Growth Economic Policies: If Trump?s policies include tax cuts, deregulation, and infrastructure spending, they may boost U.S. economic growth. This could lead to increased demand for commercial real estate, benefitting S-REITs with U.S. assets. 2. Stronger USD: A stronger U.S. dollar, driven by policies such as higher interest rates or economic growth, could enhance the income S-REITs earn from U.S. assets when converted back to SGD. 3. Lower Taxes on Foreign Investors: If Trump reduces taxes on foreign investments in U.S. real estate, S-REITs might benefit from improved profitability. Potential Negative Effects: 1. Higher Interest Rates: Trump?s inflationary policies, like increased government spending, could lead to higher U.S. interest rates. This would raise borrowing costs for S-REITs and could pressure distribution yields. 2. Trade and Geopolitical Tensions: If Trump's policies lead to trade wars or geopolitical instability, the economic impact could negatively affect tenant demand for real estate. 3. Impact on Specific Sectors: Policies that hurt certain industries (e.g., retail, office, or industrial) could lower occupancy rates or rental income for S-REITs exposed to those sectors in the U.S. Bottom Line: The net effect of "Trump 2.0" on S-REITs holding U.S. assets depends on the balance of these factors. S-REITs with diversified, high-quality U.S. properties in resilient sectors (e.g., logistics, healthcare) may be better positioned to weather risks and benefit from opportunities. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
chartistkaohz
Member |
22-Jan-2025 15:36
|
||
|
x 0
x 0 Alert Admin |
Before our own election
Donald Trump?s second term as U.S. president ("Trump 2") could impact relations with Singapore?s fourth-generation (4G) government based on key factors like trade, geopolitics, and economic ties. Here?s how they could align or conflict: 1. Trade and Economic Relations Trump's America First Policies: If Trump continues his "America First" policies, Singapore may need to navigate potential shifts in U.S. trade policy, such as tariffs or a tougher stance on trade imbalances. However, Singapore?s role as a global trading hub and its Free Trade Agreement (USSFTA) with the U.S. could keep relations stable. Tech and Supply Chains: Trump's stance on decoupling from China may open opportunities for Singapore to position itself as a key player in tech and supply chains for U.S. companies diversifying away from China. 2. Geopolitical Dynamics U.S.-China Rivalry: Trump?s confrontational stance toward China could place Singapore in a delicate position. Singapore has always sought to balance its relationships with the U.S. and China. The 4G leadership will likely continue Singapore's pragmatic, neutral foreign policy to avoid being caught in the middle of escalating tensions. Indo-Pacific Strategy: Singapore has supported a stable Indo-Pacific region and could collaborate with the U.S. under Trump to promote free trade and security, especially in Southeast Asia. 3. Defense and Security Military Cooperation: Singapore and the U.S. have a longstanding defense relationship, with Singapore hosting a U.S. Navy logistics command unit. Trump?s return likely means continued collaboration on regional security, counter-terrorism, and freedom of navigation in the South China Sea. 4. Green and Sustainability Policies Divergent Environmental Agendas: If Trump continues rolling back environmental policies, it might clash with Singapore's push toward sustainability and green financing under its 4G leadership. However, this divergence is unlikely to strain broader relations. 5. Diplomacy and Shared Interests Singapore has always maintained strong ties with the U.S. regardless of administration, focusing on mutual benefits. The 4G leaders, including Prime Minister Lawrence Wong, are likely to emphasize continuity in U.S.-Singapore relations through diplomacy, economic cooperation, and shared strategic interests. Summary The 4G government in Singapore is adept at adapting to shifts in U.S. leadership. While Trump?s policies could present challenges, especially regarding U.S.-China relations, Singapore?s pragmatic and strategic approach should ensure that its ties with the U.S. remain robust. The relationship will likely focus on trade, defense, and regional stability while managing differences in environmental and multilateral policies. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 15:31
|
||
|
x 0
x 0 Alert Admin |
On his second day back in office on January 22, 2025, President Donald Trump has reportedly issued pardons for nearly all of his supporters who were involved in the January 6, 2021, Capitol riot. This move appears to fulfill a promise he had made during his 2024 campaign, where he pledged to pardon those he deemed "political prisoners" in relation to the event.
Additionally, Trump is scheduled to give his first television interview since returning to the White House. He will sit down with Fox News host Sean Hannity for a pre-recorded segment, which is set to air later in the evening. This interview is expected to cover his plans for his new term and his controversial decisions, including the pardons. These actions highlight his intent to solidify his support base and maintain his narrative around the events of January 6, further dividing opinions on his leadership and agenda. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 15:16
|
||
|
x 0
x 0 Alert Admin |
On January 22, 2025, President Donald Trump continued to implement his administration's agenda with several notable actions:
Diversity Programs: President Trump intensified efforts against diversity initiatives by pressuring private sector companies to discontinue their diversity, equity, and inclusion (DEI) programs. This move followed an earlier executive order placing federal DEI staff on paid leave. Media Engagement: President Trump participated in his first television interview since taking office, speaking with Fox News host Sean Hannity. The pre-recorded interview was scheduled to air at 9 p.m. ET. These actions reflect the administration's focus on reshaping federal policies and engaging with media outlets to communicate its priorities. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
chartistkaohz
Member |
22-Jan-2025 14:41
|
||
|
x 0
x 0 Alert Admin |
DBS Bank and Julius Baer are prominent players in Singapore's wealth management sector, each with a significant focus on the Non-Resident Indian (NRI) market.
DBS Bank: Assets Under Management (AUM): As of the end of 2023, DBS's wealth management division reported an AUM of S$365 billion (approximately US$271 billion). Growth: The bank experienced strong net new money inflows, contributing to its record-high AUM. Julius Baer: Assets Under Management (AUM): Globally, Julius Baer's AUM reached CHF 473.8 billion (approximately US$520 billion) as of June 30, 2024. NRI Market Focus: Julius Baer has a dedicated focus on the NRI segment. In February 2023, the bank revamped its approach to serving the estimated 13.5 million NRIs worldwide, highlighting the importance of this client base. Leadership: Effective January 1, 2024, Kunal Sumaya was promoted to Market Head Global NRI, overseeing NRI markets across Singapore, Dubai, and Zurich. While both banks have substantial AUMs and a strong focus on the NRI market, specific figures detailing the exact market share of NRI wealth managed by each institution in Singapore are not publicly disclosed. However, their strategic initiatives and leadership appointments underscore their commitment to serving the NRI community. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 14:37
|
||
|
x 0
x 0 Alert Admin |
Singapore's economic stability, robust financial system, and favorable policies have made it an attractive hub for wealthy non-resident Indians (NRIs) and Indian business tycoons. Over the past 23 years, the Singapore dollar's significant appreciation against the Indian rupee (from 26.44 in 2002 to 63.84 in 2025) reflects Singapore's strong currency, underpinned by sound monetary policies and economic resilience, as well as structural challenges faced by the Indian economy.
This trend has led many affluent Indians to view Singapore as a reliable destination for wealth preservation, business expansion, and lifestyle opportunities. Factors like political stability, low taxes, world-class infrastructure, and its strategic position as a global financial hub reinforce this appeal. It's not surprising that many Indian tycoons have chosen Singapore to park their wealth, diversify their assets, and even establish residency, creating an ecosystem where they continue to exert significant influence in India while benefiting from Singapore's global connectivity. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 14:32
|
||
|
x 0
x 0 Alert Admin |
Singapore's economic stability, robust financial system, and favorable policies have made it an attractive hub for wealthy non-resident Indians (NRIs) and Indian business tycoons. Over the past 23 years, the Singapore dollar's significant appreciation against the Indian rupee (from 26.44 in 2002 to 63.84 in 2025) reflects Singapore's strong currency, underpinned by sound monetary policies and economic resilience, as well as structural challenges faced by the Indian economy.
This trend has led many affluent Indians to view Singapore as a reliable destination for wealth preservation, business expansion, and lifestyle opportunities. Factors like political stability, low taxes, world-class infrastructure, and its strategic position as a global financial hub reinforce this appeal. It's not surprising that many Indian tycoons have chosen Singapore to park their wealth, diversify their assets, and even establish residency, creating an ecosystem where they continue to exert significant influence in India while benefiting from Singapore's global connectivity. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 14:24
|
||
|
x 0
x 0 Alert Admin |
Helen Wong was indeed awarded OCBC shares on May 2, 2024. This aligns with her leadership at OCBC, which has seen notable shareholder returns, such as the stock rising from $9 to $15.31 during her tenure. Awarding shares to key executives like her is a common practice to align leadership incentives with shareholder interests.
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
chartistkaohz
Member |
22-Jan-2025 11:50
|
||
|
x 0
x 0 Alert Admin |
On April 30, 2024, during OCBC's Annual General Meeting, it was approved that Ms. Chong Chuan Neo would receive 6,000 ordinary shares as part of her remuneration. These shares were subsequently allocated to her on May 2, 2024.
|
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 11:44
|
||
|
x 0
x 0 Alert Admin |
On April 30, 2024, during OCBC's Annual General Meeting, it was approved that Mr. Seck Wai Kwong would receive 1,956 ordinary shares as part of his remuneration. These shares were subsequently allocated to him on May 2, 2024.
|
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 11:29
|
||
|
x 0
x 0 Alert Admin |
Ocbc kept buying it's own shares after COVID-19 circuit breakers after2021
https://finance.yahoo.com/quote/O39.SI/history/?period1=1579663594&period2=1737516369&frequency=1mo |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 09:13
|
||
|
x 0
x 0 Alert Admin |
It?s possible that a second Trump presidency ("Trump2") could approach U.S.-China relations differently than Trump?s first term or the Biden administration, but much would depend on specific policy priorities and geopolitical dynamics at the time. Here are some key points to consider:
Comparison to Trump1
Trade Policy: During Trump1, the focus was on tariffs and the U.S.-China trade war, which escalated tensions. While Trump claimed the Phase One trade deal as a win, it did not fully address structural issues. If Trump2 emphasizes negotiation rather than confrontation, there might be opportunities for a partial reset.
Decoupling vs. Engagement: Trump1 took steps toward decoupling U.S. and Chinese economies. However, Trump2 might shift strategies if he perceives economic benefits to cooperation, especially if business interests push for a less aggressive approach.
Comparison to Biden Administration
Strategic Competition: The Biden administration has continued tough policies on China, particularly in technology restrictions, human rights concerns, and security alliances like AUKUS and the Quad. However, Biden has also sought selective engagement on global challenges like climate change.
Flexibility in Deals: Trump might offer more flexibility in striking deals with China, focusing on his transactional style. For example, he might reduce tariffs in exchange for more concrete economic or political concessions from Beijing.
Potential Benefits of Trump2
1. Pragmatism in Economic Negotiations: Trump might prioritize deal-making and trade benefits over ideological disputes, potentially easing some tensions.
2. Reduced Focus on Ideological Conflicts: Unlike Biden, who emphasizes human rights and democratic alliances, Trump might focus less on ideological clashes, possibly creating more room for practical cooperation.
3. New Leverage Points: Trump2 could use the lessons from Trump1 to develop more effective leverage points, such as supply chain realignments and strategic technology agreements.
Risks
Unpredictability: Trump?s policies are often unpredictable and transactional, which could lead to short-term gains but long-term instability.
National Security Concerns: Trump?s rhetoric about China as a strategic rival might still lead to escalations in areas like Taiwan, the South China Sea, or advanced technology.
Key Factors to Watch
Economic Interests: Trump2 would likely cater to U.S. business interests, which could moderate aggressive policies if economic cooperation is seen as beneficial.
Geopolitical Shifts: China's global positioning and its response to U.S. overtures or pressure will heavily influence whether a reset is possible.
Public Opinion: American public sentiment toward China remains skeptical, which could constrain how far any administration, including Trump2, would go in easing tensions.
In summary, Trump2 might offer a more pragmatic or transactional approach to U.S.-China relations compared to Trump1 or Biden, which could create opportunities for resetting ties. However, his unpredictability and focus on short-term wins might limit any long-term breakthroughs.
|
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
22-Jan-2025 08:49
|
||
|
x 0
x 0 Alert Admin |
On his first day back in office, President Donald Trump refrained from imposing new tariffs on China, opting instead to explore renewed negotiations and assess existing trade practices. This decision had a notable impact on global financial markets.
Global Stocks: U.S. stock markets responded positively to the absence of immediate China-specific tariffs. The S&P 500 Index rose by 0.88%, reaching a one-month high, while the Dow Jones Industrial Average climbed 1.24%, marking a five-week high. The Nasdaq 100 Index also saw an increase of 0.58%. These gains reflect investor optimism stemming from the delay in tariff implementation. In Europe, markets experienced modest increases. The British pound strengthened against the U.S. dollar, rising by up to 1.1% to $1.23, influenced by the postponement of tariff threats. The FTSE 100 closed at a record high of 8,520.54. Asian markets exhibited mixed reactions. China's stock indices were unstable due to ongoing concerns over potential future tariffs, leading to varied performance across different sectors. Bond Prices: The bond market also reacted to the tariff delay. U.S. Treasury yields fell, with the 10-year yield declining to 4.594%. This movement indicates increased demand for government bonds, as investors sought safer assets amid the uncertainty surrounding future trade policies. Overall, President Trump's decision to hold off on immediate China-specific tariffs provided temporary relief to global financial markets, leading to gains in stock indices and movements in bond yields. However, the potential for future trade actions continues to contribute to market volatility. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
21-Jan-2025 14:46
|
||
|
x 0
x 0 Alert Admin |
United Overseas Bank (UOB) is anticipated to release its financial year 2024 (FY2024) earnings on February 18, 2025. Analysts are forecasting an earnings per share (EPS) of S$0.87 for the fourth quarter of 2024.
In addition, there is an expectation that UOB will announce a share buyback program worth approximately S$2 billion during its FY2024 results briefing. This follows statements from UOB's CEO, Wee Ee Cheong, who indicated in November 2024 that the bank would consider a share buyback among other options to deploy its excess capital of about S$2 billion to S$2.5 billion. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
21-Jan-2025 14:33
|
||
|
x 0
x 0 Alert Admin |
Analysts anticipate that DBS Group Holdings will report a net profit of approximately S$2.7 billion for the fourth quarter of 2024, reflecting an 11% decline quarter-on-quarter but a 13% increase year-on-year. The consensus earnings per share (EPS) forecast for Q4 2024 is S$0.93.
For the full year of 2024, DBS's net profit for the first nine months totaled S$8.79 billion, indicating an 11% increase compared to the same period in the previous year. Given the projected Q4 earnings, the full-year net profit is expected to surpass S$11 billion. In terms of dividends, analysts from CGS International predict that DBS may declare a special dividend of S$0.50 per share and raise the ordinary dividend per share to S$0.60, reflecting the bank's strong capital position and commitment to shareholder returns. |
||
| Useful To Me Not Useful To Me | |||
|
chartistkaohz
Member |
21-Jan-2025 14:16
|
||
|
x 0
x 0 Alert Admin |
A strengthening USD against the SGD could lead to a return of petrodollar flows from India and China into OCBC shares for several reasons:
1. Higher Net Interest Margins (NIM): OCBC's substantial exposure to USD-denominated assets and loans positions it to benefit directly from a stronger USD. As the USD appreciates, OCBC?s NIM may expand, making it more attractive to investors looking for growth. 2. Petrodollar Recycling: Petrodollar economies, such as those in the Middle East, often invest their surplus USD reserves into assets that offer stability and growth. A stronger USD makes Singapore banks like OCBC?seen as safe and stable due to Singapore?s robust financial system?a prime destination for such funds. 3. Indian and Chinese Demand for Safe Haven Assets: India and China, with their large trade surpluses and exposure to USD flows, are likely to recycle capital into overseas investments. OCBC's presence in key markets like China (through Bank of Ningbo and Wing Hang Bank) could attract Chinese investors, while Indian investors may see OCBC as a stable proxy for participating in ASEAN growth. 4. Attractive Valuations and Dividend Yield: OCBC's current fundamentals, including a low price-to-book ratio and strong dividend yield, make it appealing to investors seeking value and consistent returns in a strong USD environment. Indian and Chinese institutional investors looking for high-quality bank stocks might increase their allocation to OCBC. 5. Wealth Management and Treasury Business: A strong USD can also drive higher demand for wealth management and treasury products denominated in USD. OCBC, with its affluent clientele, could benefit significantly from this trend, further boosting earnings and attracting more investors. 6. Currency Advantage for Overseas Investors: As the SGD weakens against the USD, foreign investors (including those from India and China) see an opportunity to acquire OCBC shares at a relatively cheaper entry price, anticipating gains from a recovery in SGD or continued USD strength. These factors combined could lead to increased inflows from India, China, and other petrodollar-related investors, supporting higher demand for OCBC shares. |
||
| Useful To Me Not Useful To Me | |||