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Wow DBS hitting now ATH ....as I believe $61 is a matter of when .
W a strong April trade figure ....it has helps to push all 3 banks up ( UOB flat)
now is really a matter what that mad man plans to do ? More bombs or he moves on to some where else ?
( not forgetting his mid term is up in a few mths. )
DYODD
W a strong April trade figure ....it has helps to push all 3 banks up ( UOB flat)
now is really a matter what that mad man plans to do ? More bombs or he moves on to some where else ?
( not forgetting his mid term is up in a few mths. )
DYODD
This is a good report on the 3 banks after Q1 result .
Dbs....I can see it continue to match on into Q2 esp w strong wealth mgt growth ...seeing $60 is given ( only a matter of when ) .
will we see $62 in 2026 ...hehe
Definately awaiting a new ATH
however dividend for half year might not change 66c +15c due to middle east issue.
Ocbc is still taking time to digest " integration cost in Indonesia " plus this only happens in Q2 2027 ...so longer time to show any result . CEO is still
having time to manage the board ( Chairman) ....lol . $23 is possible but any more wld need a real catalyst. A lot also depends on Insurance arm which is much risker business.
UOB is again the weakest ...." UOB& rsquo s target of doubling wealth income to at least S$2.5 billion by 2030" ...this is a cool 4 years later .
Personally I still put my $$ in DBS ...
Happy investing.
___________________________________________________________________________________________________________________________________
More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings
Dbs....I can see it continue to match on into Q2 esp w strong wealth mgt growth ...seeing $60 is given ( only a matter of when ) .
will we see $62 in 2026 ...hehe
Definately awaiting a new ATH
however dividend for half year might not change 66c +15c due to middle east issue.
Ocbc is still taking time to digest " integration cost in Indonesia " plus this only happens in Q2 2027 ...so longer time to show any result . CEO is still
having time to manage the board ( Chairman) ....lol . $23 is possible but any more wld need a real catalyst. A lot also depends on Insurance arm which is much risker business.
UOB is again the weakest ...." UOB& rsquo s target of doubling wealth income to at least S$2.5 billion by 2030" ...this is a cool 4 years later .
Personally I still put my $$ in DBS ...
Happy investing.
___________________________________________________________________________________________________________________________________
More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings
Their combined non-interest income rises to a record S$5.16 billion from S$4.78 billion the year before
[SINGAPORE] Wealth management and other fee income are becoming increasingly important earnings buffers for Singapore banks, and analysts expect non-interest income to continue offsetting expected declines in net interest income amid a falling interest-rate environment.
This trend came through in the first-quarter results of DBS : D05 +0.56%, OCBC : O39 -0.76% and UOB : O39 -0.76%, which all beat analysts& rsquo consensus estimates for the three months ended Mar 31, 2026.
The three lenders& rsquo combined non-interest income rose to a record S$5.16 billion in Q1, from S$4 billion in the preceding quarter and S$4.78 billion a year earlier, the Singapore Exchange& rsquo s (SGX) research team indicated in a market update last Friday (May 8).
This accounted for 39 per cent of the banks& rsquo total income.
At the same time, the trio reported combined net interest income of S$8.04 billion in Q1 & ndash breaching S$8 billion for the 14th straight quarter & ndash though this was down from S$8.24 billion in the previous quarter and S$8.44 billion in the year-ago period.
& ldquo The pivot to fee income-led growth to bolster profitability amid rate pressures stood out,& rdquo said Rena Kwok, senior credit analyst at Bloomberg Intelligence.
In the quarters ahead, & ldquo Singapore banks are likely to double down (on) their strategies to sustain wealth management fee momentum amid rate headwinds& rdquo , she added.
& ldquo Safe-haven inflows amid global uncertainties, driving new money for the lenders, is another lever.& rdquo
But she also said that the key risks ahead could include severe risk-off sentiment that hurts assets under management-based fees, or margin calls on lending to wealth clients during adverse market scenarios.
Wealth growth
The chief executives of all three lenders struck a bullish tone on their wealth management businesses during their respective earnings briefings, citing plans to recruit more wealth talent such as relationship managers.
For DBS, efforts to grow its wealth management franchise are & ldquo bearing fruit& rdquo , said CGS International (CGSI) Securities Singapore analysts Tay Wee Kuang and Lim Siew Khee in an Apr 30 note.
DBS led the three banks in wealth fee income, with record fees of S$907 million, up from S$724 million the year before.
The lender on Apr 30 posted a net profit that edged up 1 per cent to S$2.93 billion, higher than the S$2.88 billion consensus estimate in a Bloomberg survey of analysts.
This was as its non-interest income grew 10.3 per cent to S$2.45 billion in Q1, cushioning a 5 per cent fall in net interest income.
The CGSI analysts upgraded the counter to & ldquo add& rdquo from & ldquo hold& rdquo , with a new target price of S$63.80. The revision was due partially to stronger wealth management fee growth, which could allow DBS to & ldquo eke out& rdquo earnings growth in the 2026 financial year, they said.
In a May 4 report, RHB maintained its & ldquo buy& rdquo rating on DBS, with a new target price of S$64, up slightly from S$63.50 previously. This was partly on expectations of earnings being higher by 2 per cent a year until FY2028 from stronger non-interest income.
Over at OCBC, wealth management fees climbed 34 per cent to S$422 million. This helped to lift non-interest income by 23 per cent to S$1.61 billion and offset a 5 per cent decline in net interest income.
Net profit rose 5 per cent to S$1.97 billion, exceeding the S$1.88 billion consensus estimate.
Tay and Lim of CGSI maintained & ldquo hold& rdquo on the counter, also keeping their target price of S$23.30 unchanged, in a May 8 report.
Integration costs from the lender& rsquo s acquisition of HSBC& rsquo s wealth and retail business in Indonesia, which is expected to close in Q2 2027, could & ldquo weigh on& rdquo the franchise& rsquo s profitability post-acquisition, the analysts said.
RHB on May 11 kept its & ldquo buy& rdquo rating on OCBC with a target price of S$24.65, after raising its earnings forecasts for the lender until 2028, on expectations of higher non-interest income.
Meanwhile, UOB is betting on wealth management to become a larger contributor to its earnings over time.
The bank& rsquo s wealth fees registered a modest 2.8 per cent increase to S$219 million, from S$213 million in the year-ago period.
This was despite an overall decline of 11.9 per cent in non-interest income, alongside a 4 per cent fall in net interest income. This brought net profit down 4 per cent to S$1.44 billion, although this still beat expectations.
UOB' s profitability could improve only in the second half of FY2026, the CGSI analysts said in another report on May 8.
They cited support from higher wealth management fees from new product launches, as well as other measures to drive new-money inflows following its acquisition and integration of Citigroup& rsquo s consumer banking franchise.
They maintained & ldquo hold& rdquo on the stock, with a target price of S$38.70.
Also on May 8, RHB kept its & ldquo neutral& rdquo rating on UOB, with S$39.50 as the target price. The brokerage believes & ldquo its valuation is decent and fairly reflects asset-quality risks and the lower provision coverage level (versus) the sector& rdquo .
Commenting on UOB& rsquo s target of doubling wealth income to at least S$2.5 billion by 2030, Morningstar equity analyst Kathy Chan noted that the business is still & ldquo a relatively small contributor& rdquo . She estimates that it would make up 15 per cent of the top line in that year.
However, she raised her forecast for the lender& rsquo s non-interest income growth rate to 6 per cent a year from 5 per cent annually for FY2026 to FY2030.
Credit quality
Beyond wealth management, the SGX research team noted that non-interest income growth across the three lenders was & ldquo broad-based& rdquo and also reflected stronger contributions from fee income, treasury customer sales, trading income and insurance.
Still, analysts cautioned that & ndash amid the ongoing Middle East conflict & ndash credit risks remained key to watch.
Bloomberg& rsquo s Kwok said that credit costs are & ldquo likely to be within guidance for Singapore banks in 2026& rdquo , given their & ldquo sound asset quality& rdquo and & ldquo already ample provision coverage& rdquo .
While second and third-order effects such as higher logistics and material costs stemming from the Iran war could have a broad impact on businesses, the Singapore banks& rsquo & ldquo tight underwriting record& rdquo should allow them to absorb potential credit losses if headwinds worsen, she added.
Shares of DBS closed Tuesday 0.6 per cent higher at S$59.10, while those of OCBC fell 0.8 per cent to S$22.33. UOB rose 0.3 per cent to finish at S$37.11.
Nearly a week and the whole middle east is involved now plus part of europe ( Germany, France and UK ???)
the major issue is oil and the route for trade. Many supplies will be affected.
Banks are most affected when trades are affected.
USA will continue to be involved > or behind Israel and supplying weapons ....whatever, it will be costly and definately affecting DT mid term
China has already reduced their FC for growth . Japan and Korea are also badly affected . See Korea stock mkt !!
SO I do not think Asian will be able to escape ......hopefully this episode wld not turn into a major global recession .
Trade with care and I think it is only the beginning.
Good Luck
the major issue is oil and the route for trade. Many supplies will be affected.
Banks are most affected when trades are affected.
USA will continue to be involved > or behind Israel and supplying weapons ....whatever, it will be costly and definately affecting DT mid term
China has already reduced their FC for growth . Japan and Korea are also badly affected . See Korea stock mkt !!
SO I do not think Asian will be able to escape ......hopefully this episode wld not turn into a major global recession .
Trade with care and I think it is only the beginning.
Good Luck
FATABA ( Date: 02-Mar-2026 14:54) Posted:
|
My biggest fear arrive ....the US/Isreal ...Iran war.
I do not think w the death of Iran leader ...will the war ends quickly .
( big mouth prediction of 1 month is his hope or dream .....Israel and Iran will not stop so easily ....which wanting the other dead)
So how this war will turn out not just for Iran ...but the middle east and hence globally ...need more then a crystal ball.
Banks will definately be affected as there represent the whole economy .....how in all situation there might be some opportunities for
accumulation / Base on their latest earnings and protential dividend ....some are worth keeping
PLEASE dyodd as a war is unpredictable
Happy investing.
I do not think w the death of Iran leader ...will the war ends quickly .
( big mouth prediction of 1 month is his hope or dream .....Israel and Iran will not stop so easily ....which wanting the other dead)
So how this war will turn out not just for Iran ...but the middle east and hence globally ...need more then a crystal ball.
Banks will definately be affected as there represent the whole economy .....how in all situation there might be some opportunities for
accumulation / Base on their latest earnings and protential dividend ....some are worth keeping
PLEASE dyodd as a war is unpredictable
Happy investing.
Stock split is unlikely as SGX will be implementing 10 share lot size , for shares that trades above $10 . So , one can buy DBS with only $560 .
Not sure when it will be implemented but likely to be this year .
Not sure when it will be implemented but likely to be this year .
Echoes...thanks for the infor ......
DBS really take off these past 2 years and I expect them to continue w this strong growth ...and IF their is any merger coming up
we could see DBS growing bigger and even a stock split ( for smaller retail participation etc)
UOB is really hit by their conservative management . Might be better if there is no major loan issue .
OCBC is going for its $20 ( after the failure of taking GE out) .
ANyway would DBS be twice the price of UOB in 2026 ...haha awaiting to see.
Good luck and happy investing.
DBS really take off these past 2 years and I expect them to continue w this strong growth ...and IF their is any merger coming up
we could see DBS growing bigger and even a stock split ( for smaller retail participation etc)
UOB is really hit by their conservative management . Might be better if there is no major loan issue .
OCBC is going for its $20 ( after the failure of taking GE out) .
ANyway would DBS be twice the price of UOB in 2026 ...haha awaiting to see.
Good luck and happy investing.
Echoes ( Date: 03-Jan-2026 13:33) Posted:
|
Ratio of banks share prices over the past four years :-
I have used their Dec 31 prices , and have not taken DBS 10% bonus issue in 2024 for simplicity .
Share prices as of 31 Dec 2022 , 2023 , 2024 and 2025 repectively :
DBS - 34.00 , 33.41 , 43.72 , 56.36
UOB - 30.89 , 28.45 , 36.33 , 35.06
OCBC - 12.27, 13.00 , 16.69 . 19.76
DBS / UOB ratio - 1.10 , 1.17 , 1.20 , 1.61
DBS / OCBC - 2.77 , 2.57 , 2.62 , 2.85
UOB / OCBC - 2.51 , 2.19 , 2.17 , 1.77
Their ratios were pretty consistent over the past couple of years except for 2025 where UOB has lagged by a significant margin .
I have used their Dec 31 prices , and have not taken DBS 10% bonus issue in 2024 for simplicity .
Share prices as of 31 Dec 2022 , 2023 , 2024 and 2025 repectively :
DBS - 34.00 , 33.41 , 43.72 , 56.36
UOB - 30.89 , 28.45 , 36.33 , 35.06
OCBC - 12.27, 13.00 , 16.69 . 19.76
DBS / UOB ratio - 1.10 , 1.17 , 1.20 , 1.61
DBS / OCBC - 2.77 , 2.57 , 2.62 , 2.85
UOB / OCBC - 2.51 , 2.19 , 2.17 , 1.77
Their ratios were pretty consistent over the past couple of years except for 2025 where UOB has lagged by a significant margin .
Great job bro, 👍 👍 👍
Echoes ( Date: 31-Dec-2025 13:38) Posted:
|
Thank you echoes.
That was helpful
Bear has only a small note to add. STI performance is actually better because of dividends collected by say an ETF. The actual performance of STI in 2025 is nearer 28 per cent increase.
God bless you and have a blessed new year!
Bear 🐻
hokpin ( Date: 31-Dec-2025 14:26) Posted:
|
Thank you very much, Echoes, for the good comparison.
Echoes ( Date: 31-Dec-2025 13:38) Posted:
|
Good Year on Year comparison between the 3 banks for reference. Thanks.
Hope to see UOB make amends in 2026.
Hope to see UOB make amends in 2026.
Echoes ( Date: 31-Dec-2025 13:38) Posted:
|
My 3rd time doing this year end summary and I have quoted my posts from 2023 and 2024 for comparison :
All figures are calender year , not FY .
STI - Started 2025 at 3787 pts , ended at 4646 , up 22.67% . Another superb year and one of the best Asia performer again .
DBS - Started $43.72 , ended $56.36 ,capital gains $12.64 , dividens collected $3 , total returns 35.77% .
UOB - Started $36.33 , ended $35.06 , capital loss - $1.27 , dividens collected $2.27 , total returns 2.75% .
OCBC - Started $16.69 , ended $19.76 , capital gains $3.07 , dividens collected $0.98 , total returns 24.27% .
This year sees the greatest divergance from the 3 banks with DBS massively outperform the STI , OCBC slightly better than STI , and UOB lagging the other two significantly .
This year also see me adding some UOB into my portfolio for the first time , after their " dismal " Q3 results .
Happy New Year all .
All figures are calender year , not FY .
STI - Started 2025 at 3787 pts , ended at 4646 , up 22.67% . Another superb year and one of the best Asia performer again .
DBS - Started $43.72 , ended $56.36 ,capital gains $12.64 , dividens collected $3 , total returns 35.77% .
UOB - Started $36.33 , ended $35.06 , capital loss - $1.27 , dividens collected $2.27 , total returns 2.75% .
OCBC - Started $16.69 , ended $19.76 , capital gains $3.07 , dividens collected $0.98 , total returns 24.27% .
This year sees the greatest divergance from the 3 banks with DBS massively outperform the STI , OCBC slightly better than STI , and UOB lagging the other two significantly .
This year also see me adding some UOB into my portfolio for the first time , after their " dismal " Q3 results .
Happy New Year all .
Echoes ( Date: 31-Dec-2024 13:06) Posted:
|
Just short
Something going happened
Disaster or panic
Market lost Steam
No cum
Just need hold cash buy the pacnics
Something going happened
Disaster or panic
Market lost Steam
No cum
Just need hold cash buy the pacnics
WOW DBS has again hit an ATH 56.28 ....w OCBC also going towards 20?
UOB is still the slowest ....a cool $21 cheaper than DBS
Is the Christmas rally coming ? Whatever, Q4 result should be good. Barring any major event ( as most market are already at their high ) ...
STI will close 2025 well over 4600 ////// question is what wld 2026 be ?
1. I do not see the same strenght of growth in 2026 ( unless there are some special merger news etc)
2. Dividend will be equalled or even increase ...esp for DBS to 66c. (+15c)
3. DBS may see $58 in 2026 and OCBC a $20 is given . Surprise might come from UOB ...lol a $38 highly possible if its provision is not use.
4. All SBB should continue.
With that I wishes all a happy and Merry Christmas, good health
Happy investing .
UOB is still the slowest ....a cool $21 cheaper than DBS
Is the Christmas rally coming ? Whatever, Q4 result should be good. Barring any major event ( as most market are already at their high ) ...
STI will close 2025 well over 4600 ////// question is what wld 2026 be ?
1. I do not see the same strenght of growth in 2026 ( unless there are some special merger news etc)
2. Dividend will be equalled or even increase ...esp for DBS to 66c. (+15c)
3. DBS may see $58 in 2026 and OCBC a $20 is given . Surprise might come from UOB ...lol a $38 highly possible if its provision is not use.
4. All SBB should continue.
With that I wishes all a happy and Merry Christmas, good health
Happy investing .
Given the lower rate environment and Trump&rsquo s tariffs, OCBC has performed well both YoY and QoQ.
Key metrics such as net income (beat estimate), EPS, ROE, CET-1, NPL, and credit cost remain respectable.
It explains the surge in price. Enjoy the ride.
Key metrics such as net income (beat estimate), EPS, ROE, CET-1, NPL, and credit cost remain respectable.
It explains the surge in price. Enjoy the ride.
[SINGAPORE] OCBC : O39 +2.91%&rsquo s net profit was flat for its third quarter, supported by higher non-interest income and lower allowances, it said on Friday (Nov 7).
Net profit for the three months ended Sep 30, 2025, stood at S$1.98 billion.
The earnings beat the S$1.79 billion consensus forecast in a Bloomberg survey of five analysts.
Interesting that OCBC taking a opposite approach from UOB ....loan business in China HK could be even higher for OCBC and yet lower allowrance .
Hope it is just UOB conservative style ....if not new OCBC ceo wld have to face the NPL next year.
DBS allowance is more than effort and still the best among the 3 banks
DYODD
If one were to discount the provisions , UOB' s YoY profits dropped by around 10% , which is in line with analysts expectations .
But whats unsettling in my opinion is also the drop in NII ( Non interest income ) . NII should be trending upwards especially with the large inflow of funds into Sgp recently .
No one knows whether the current provisions are just over kiasu , or indeed there are some genuine concerns . One thing is certain - they are the biggest buyers of their own shares in recent months , so its interesting to see if the pattern continues after todays results .
All said , a 3% drop is share price following a 72% drop in profits is no where near capitulation . I dont see it as a massive dump , but today is only the first day of trading after the results .
P/s - I dont own any UOB shares only DBS and OCBC .
But whats unsettling in my opinion is also the drop in NII ( Non interest income ) . NII should be trending upwards especially with the large inflow of funds into Sgp recently .
No one knows whether the current provisions are just over kiasu , or indeed there are some genuine concerns . One thing is certain - they are the biggest buyers of their own shares in recent months , so its interesting to see if the pattern continues after todays results .
All said , a 3% drop is share price following a 72% drop in profits is no where near capitulation . I dont see it as a massive dump , but today is only the first day of trading after the results .
P/s - I dont own any UOB shares only DBS and OCBC .
Sorry but notice that IF UOB drop to 33.50 which it did this morning ...it is $22 lower than DBS .
Once ( a few years back ) it is higher than DBS .
Hate to mention this .....management of a company TELLS a lot . Hope UOB can seriously do a major management overhaul .( which I dont think so)
DYODD
Once ( a few years back ) it is higher than DBS .
Hate to mention this .....management of a company TELLS a lot . Hope UOB can seriously do a major management overhaul .( which I dont think so)
DYODD
Yes new ATH 55.15 as of now
Guess IF and most likely a moderate full set of 2025 will push it to $56+ for 2025 close.
Certainly a great bank to own
DYODD
Guess IF and most likely a moderate full set of 2025 will push it to $56+ for 2025 close.
Certainly a great bank to own
DYODD
MrBear12 ( Date: 06-Nov-2025 10:00) Posted:
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DBS touched 55.10
FATABA ( Date: 06-Nov-2025 09:44) Posted:
|