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Factor in the coming dividend, it' s below $43, at very low cost entry.
Beyond 7% ?
Beyond 7% ?
Today smell blood bath all over ...with STI dropping 100pts and DBS $2.
BUT , ( not asking for a buy or sell call ....DYODD)
all buy there is a sell party and vv.
Just note ...at $44 , dbs $3 dividend is a cool 6.8% ....smell honey to all funds > ...esp in today climate.
Singapore is STILL a safe heaven .....( barring any major changes in coming election ) .
Sing $$ is still strong. THANKS TO OUR CAPITAL RESERVE N Politial stability. Main seller ( pushing DBS and other down to accumulate ? ..are US BB...like ML)
Similarly u can work out the Math for the other banks
DYODD
BUT , ( not asking for a buy or sell call ....DYODD)
all buy there is a sell party and vv.
Just note ...at $44 , dbs $3 dividend is a cool 6.8% ....smell honey to all funds > ...esp in today climate.
Singapore is STILL a safe heaven .....( barring any major changes in coming election ) .
Sing $$ is still strong. THANKS TO OUR CAPITAL RESERVE N Politial stability. Main seller ( pushing DBS and other down to accumulate ? ..are US BB...like ML)
Similarly u can work out the Math for the other banks
DYODD
Today smell blood bath all over ...with STI dropping 100pts and DBS $2.
BUT , ( not asking for a buy or sell call ....DYODD)
all buy there is a sell party and vv.
Just note ...at $44 , dbs $3 dividend is a coll 6.8% ....smell honey to all funds > ...esp in today climate.
Singapore is STILL a safe heaven .....( barring any major changes in coming election ) .
Sing $$ is still strong. Main seller ( pushing DBS and other down to accumulate ? ..are US BB...like ML)
Similarly u can work out the Math for the other banks
DYODD
BUT , ( not asking for a buy or sell call ....DYODD)
all buy there is a sell party and vv.
Just note ...at $44 , dbs $3 dividend is a coll 6.8% ....smell honey to all funds > ...esp in today climate.
Singapore is STILL a safe heaven .....( barring any major changes in coming election ) .
Sing $$ is still strong. Main seller ( pushing DBS and other down to accumulate ? ..are US BB...like ML)
Similarly u can work out the Math for the other banks
DYODD
Panin Bank is a good fit for DBS.....Indonesia operation will enhance DBS operation ....will this happen ?
DYODD
DYODD
As expected our banks are swinging back from their low .
Esp DBS and UOB ......dyodd
Could be an opportunity to enter
Esp DBS and UOB ......dyodd
Could be an opportunity to enter
Come April will be XD dates for our banks. Which include excellent dividend payout of over 5% or higher .
U can be assure that FUNDS are all interested and currently BB are happy to push down our 3 banks prices to accumulate.
Recession ? EVEN if there is one , have to find a home to park their $$....what a better place ...safe and paying good over 5%
There are some catalyst on the local market too
1. $5 B SGX restructuring ...coming up
2. Election mid year.
3. CDC vouchers and strong tourist
DYODD .....Happy investing.
U can be assure that FUNDS are all interested and currently BB are happy to push down our 3 banks prices to accumulate.
Recession ? EVEN if there is one , have to find a home to park their $$....what a better place ...safe and paying good over 5%
There are some catalyst on the local market too
1. $5 B SGX restructuring ...coming up
2. Election mid year.
3. CDC vouchers and strong tourist
DYODD .....Happy investing.
Thanks for the correction ....u are right 28th April .
Surprise is I also notice the mid year 25c....X.date and pay date all out .
Surprise is I also notice the mid year 25c....X.date and pay date all out .
huattuatua ( Date: 06-Mar-2025 10:30) Posted:
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uob shd have been 28th april
FATABA ( Date: 06-Mar-2025 10:08) Posted:
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Today all 3 banks help push STO above 3900 again.
Again DBS is leading the charge ...lol w announcment of new CEO .
Just a recap of XD dates ( which differ much this year) ....
DBS is 7th Apr ( so might justify the beginning push to 47?)
OCBC 25th April
UOB is 30th April
so let see if the prices rise as it goes nearer to the XD or otherwise.
DYODD
Again DBS is leading the charge ...lol w announcment of new CEO .
Just a recap of XD dates ( which differ much this year) ....
DBS is 7th Apr ( so might justify the beginning push to 47?)
OCBC 25th April
UOB is 30th April
so let see if the prices rise as it goes nearer to the XD or otherwise.
DYODD
hmm assume 8b is achieved, may be like this 0.41 + 0.48 (may+aug regular dividend) = 89c + special 0.18 = 1.07 haha.
seriously, i doubt ocbc can reach 8b with trump' s tariffs though i very much hope so.
seriously, i doubt ocbc can reach 8b with trump' s tariffs though i very much hope so.
Echoes ( Date: 27-Feb-2025 14:08) Posted:
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" " expenses rose 19% and cost-to-income ratio was higher at 45.7% (4Q23: 40%)." " I have mentioned this in an earlier post ( and someone if not too happy
giving me a thumb down) ....BUT this is real for OCBC if they are carrying this high expenses.
Not only is the GE issue handing on ( need more capital to resolve IF it is to be ) ....also the rebuild of OCBC city coming up in next few years.
This would take up much capital and loans. Even if business is growing ( at slower pace due to lower interest rate) OCBC has to manage its expense well .
Just my honest view . So that it can continue to payout thsi high 60% ratio as dividend
DYODD
giving me a thumb down) ....BUT this is real for OCBC if they are carrying this high expenses.
Not only is the GE issue handing on ( need more capital to resolve IF it is to be ) ....also the rebuild of OCBC city coming up in next few years.
This would take up much capital and loans. Even if business is growing ( at slower pace due to lower interest rate) OCBC has to manage its expense well .
Just my honest view . So that it can continue to payout thsi high 60% ratio as dividend
DYODD
Echoes ( Date: 27-Feb-2025 14:08) Posted:
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I think they meant full year dividens including special.
60% payout rstio ( 50% div + 10% spe ) out of an estimated profit of 8b is $1.07 per share not far off from their $1.05
RL16EGG ( Date: 27-Feb-2025 11:20) Posted:
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Slight mistake in ocbc.
Full year special dividen shd be 17 cents ( 10% of profits ) and not 32 cts.
So theoretical price sjd be 0.9/0.05 + 17 = $18.17 not 18.32
Echoes ( Date: 27-Feb-2025 09:52) Posted:
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This one says possible fy25 $1.05 haha i certainly dun mind. 90c closer to reality la
OCBC profit rises by 4% and announces special dividend: Our Quick Take - Growbeansprout.com
OCBC profit rises by 4% and announces special dividend: Our Quick Take - Growbeansprout.com
Interesting Echoes.....just imagine ( for DBS ) ...when we add in the following
1. SBB of $3B
2. projected ROE of over 15% for the next 3 years ( now is 18% )
3. the put back of $1.5B from recent MAS request ( if not wrong on this figure ) ...not included in the last qtr briefing
Wonder what could be DBS price from this 48.60 ( oh NOT including the growth over the next 3 years )
DYODD
1. SBB of $3B
2. projected ROE of over 15% for the next 3 years ( now is 18% )
3. the put back of $1.5B from recent MAS request ( if not wrong on this figure ) ...not included in the last qtr briefing
Wonder what could be DBS price from this 48.60 ( oh NOT including the growth over the next 3 years )
DYODD
Echoes ( Date: 27-Feb-2025 09:52) Posted:
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Strange.
I type in paragraphs but after posting all become 1 paragraph.
Now that the special dividen policies are clear, what will be the theoretical share price, based on dividen yields alone ?
For this exercise i will use a 5% dividrn yield , and project the forward div as follow
Dbs 2.40, ocbc 90 cts, uob 1.84
The special dividen are
Dbs 60 cts, ocbc 32 cts, uob 50 cts
Theoretical price for 2025 based on 5% div yield
Dbs = 2.40/0.05 + 0.6 = $48.60
Ocbc = 0.9/0.05 + 0.32 = $18.32
UOB = 1.84/0.05 + 0.5 = $37.30
Tske note that the above is my theotetical price estimation , and based on projected dividen alone and nothing else.
Mr Market will have the final say.
Pls DYODD
OCBC&rsquo s
4Q2024 earnings of S$1.69bn were slightly below our estimates due to higher-than-expected allowances and expenses, with FY24 earnings at 96% of our FY24e forecast (S$7,866mn).
Net interest income was flat YoY at S$2.46bn as NIM fell 14bps YoY to 2.15%. Fee income rose 12% YoY from higher WM and investment banking fees, while trading income rose 37% YoY. Total allowances were up 12% YoY, and expenses rose 19% and cost-to-income ratio was higher at 45.7% (4Q23: 40%).
Final dividend dipped 2% YoY to 41 cents with FY24 total dividends at S$1.01 (FY23: S$0.82) inclusive of special dividend of 16 cents. OCBC announced capital distribution of S$2.5bn over two years which includes special dividend at 10% of annual net profit in FY24 and FY25 and share buybacks over two years. FY25e guidance of NIM at around 2%, mid-single digit loan growth, CIR in the low 40% and credit costs from 20-25bps.
hmm OCBC result at best is " average" .....expenses rose 19% and GE contribution is lower. QnQ is lower.
Even Full year 41c dividend is LOWER than 44c expected ......special d if 16c might be a saver till XD >
DYODD
4Q2024 earnings of S$1.69bn were slightly below our estimates due to higher-than-expected allowances and expenses, with FY24 earnings at 96% of our FY24e forecast (S$7,866mn).
Net interest income was flat YoY at S$2.46bn as NIM fell 14bps YoY to 2.15%. Fee income rose 12% YoY from higher WM and investment banking fees, while trading income rose 37% YoY. Total allowances were up 12% YoY, and expenses rose 19% and cost-to-income ratio was higher at 45.7% (4Q23: 40%).
Final dividend dipped 2% YoY to 41 cents with FY24 total dividends at S$1.01 (FY23: S$0.82) inclusive of special dividend of 16 cents. OCBC announced capital distribution of S$2.5bn over two years which includes special dividend at 10% of annual net profit in FY24 and FY25 and share buybacks over two years. FY25e guidance of NIM at around 2%, mid-single digit loan growth, CIR in the low 40% and credit costs from 20-25bps.
hmm OCBC result at best is " average" .....expenses rose 19% and GE contribution is lower. QnQ is lower.
Even Full year 41c dividend is LOWER than 44c expected ......special d if 16c might be a saver till XD >
DYODD
DBS has again rise to an ATH , 46.80 today . Well this is not unexpected .
Many of those who brought in before the result ( short term ) might have sold for a quick profit . But could also have sold into the hands of long term
investor who are holding on for the 6+% yield or more .
** Please note that 60+15 or $3 for 2025 dividend payout might not be all ( it is more of less assure that 15+60 quarterly ,,,,but what about a bonus dividend
end 2025 or even a special 60 anni bonus for 2025 come mid year ( ok ok hoping )
Whatever DBS is sharing their profit for the next 3 years ( already in the coffee)
** what was NOT mentioned was a $1.5B potential return of capital for the last IT issue * by MAS ....hmm interestly this is coming back soon
DYODD , just wondering what could be the new high for DBS in 2025 . Your guess is as good as mine .
Happy investing
Many of those who brought in before the result ( short term ) might have sold for a quick profit . But could also have sold into the hands of long term
investor who are holding on for the 6+% yield or more .
** Please note that 60+15 or $3 for 2025 dividend payout might not be all ( it is more of less assure that 15+60 quarterly ,,,,but what about a bonus dividend
end 2025 or even a special 60 anni bonus for 2025 come mid year ( ok ok hoping )
Whatever DBS is sharing their profit for the next 3 years ( already in the coffee)
** what was NOT mentioned was a $1.5B potential return of capital for the last IT issue * by MAS ....hmm interestly this is coming back soon
DYODD , just wondering what could be the new high for DBS in 2025 . Your guess is as good as mine .
Happy investing
FATABA ( Date: 10-Feb-2025 16:40) Posted:
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PHILLIP SECURITIES INPUT
January&rsquo s 3M-SORA was down 19bps MoM to 2.95%, the lowest since Nov 2022 and 34bps lower than the 4Q24 average, reflecting the Fed Rate cuts. Bank share price performance was muted (+3%) in Jan 2025 as investors waited on the sidelines for 4Q24 results. -
DBS announced 4Q24 results on 10 February, which met our estimates. The main highlight was the capital return initiative (24 cents annual DPS increase, 15 cents capital return dividend per quarter, and S$3bn share buyback) and a ~6.7% dividend yield (including 15 cents capital return dividend).
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Maintain OVERWEIGHT. With lower rate cut expectations going into FY25 and a rising yield curve, the banks can earn more interest on loans than deposits, boosting NII and NIMs. With the rise in trading volumes, capital markets have become more buoyant for 4Q24, and the banks' trading income could be further benefited in FY25. Furthermore, the continued double-digit growth in fee income and a loan growth recovery will boost earnings. There is further upside to dividends as the banks look to manage excess capital actively (~S$2-4bn), and a possibility of share buybacks will improve ROE and EPS.
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UOB result today confirm that DBS is performing much better. which explain the wider gap now $6/7
Q4 over Q3, UOB did not do better ( operating and core profit dropped ) Following DBS w a special dividend of 50c paid over 2 halves. ( 25c each ) SBB of $2B
UOB SHARE PRICE GOES NEGATIVE NOW
Moving forward XD will be interesting to watch !!
OCBC will be next coming Wed 26th > awaiting .
DYODD