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1001-1003 of 1003
Q3 results for Banks & Property Counters will be skewed by the last minute rush to buy condos just before the implementation of the Property Cooling Meaures, etcs.
Q4 will show a more accurate impact of the cooling measures and the impact of the US-China Tariff being implemented.
Q4 will show a more accurate impact of the cooling measures and the impact of the US-China Tariff being implemented.
Recap/Sumary
1) Trade War US vs China US$50B by both side so far. US is set to impost another US$200B as soon as this week.
2) Property Cooling Measures in Singapore. Banks loan to related industry is ~50.2% (UOB), ~47%(DBS), 40+%(OCBC) . Q3 & Q4 results of Banks will show the impact.
3) Developer Charges increases an average of ~9.8%
4) Malaysia seems to be putting on hold/re-negotiating China related investment in Malaysia, totally ~US$134B. Affecting new loan growth in Malaysia for OCBC? This wil also affect the quality of Chinese loan our Banks have in China esp. DBS. Think bad loan and provisions requirement in the future, 6 to 12 months?
5) Emerging Market Currencies Crisis, with Indoneasia affected as well.....probably affecting DBS the most.
6) OCBC and UOB have been doing shae buy back regularly with 50,000 to 100,000 shares. whereas, DBS do buy backs recently to defence $25+ level with buy back of 650,000 to 800,000 shares, currently exhausting ~13% of buy back limit and spending ~S$176M. Average buy back price is ~S$25.31.
Recalling from memory, numbers might be slightly off. IMO, DYODD
1) Trade War US vs China US$50B by both side so far. US is set to impost another US$200B as soon as this week.
2) Property Cooling Measures in Singapore. Banks loan to related industry is ~50.2% (UOB), ~47%(DBS), 40+%(OCBC) . Q3 & Q4 results of Banks will show the impact.
3) Developer Charges increases an average of ~9.8%
4) Malaysia seems to be putting on hold/re-negotiating China related investment in Malaysia, totally ~US$134B. Affecting new loan growth in Malaysia for OCBC? This wil also affect the quality of Chinese loan our Banks have in China esp. DBS. Think bad loan and provisions requirement in the future, 6 to 12 months?
5) Emerging Market Currencies Crisis, with Indoneasia affected as well.....probably affecting DBS the most.
6) OCBC and UOB have been doing shae buy back regularly with 50,000 to 100,000 shares. whereas, DBS do buy backs recently to defence $25+ level with buy back of 650,000 to 800,000 shares, currently exhausting ~13% of buy back limit and spending ~S$176M. Average buy back price is ~S$25.31.
Recalling from memory, numbers might be slightly off. IMO, DYODD
Emerging-Market Contagion Fear Sparks Deepening Rout: Inside EM
Bloomberg News&lrm September&lrm &lrm 4&lrm , &lrm 2018&lrm &lrm 10&lrm :&lrm 32&lrm &lrm AM Updated on &lrm September&lrm &lrm 5&lrm , &lrm 2018&lrm &lrm 4&lrm :&lrm 18&lrm &lrm AM
Emerging markets sold off anew Tuesday as South Africa entered a recession and Indonesia&rsquo s rupiah joined currencies from Turkey to Argentina in tumbling toward record lows, reinforcing concern that contagion risks are too big to ignore.
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MSCI Inc.&rsquo s index of currencies dropped for a fifth time in six days, the lowest close in more than a year. The rand led global declines as data showed the economy fell into a recession last quarter. Turkey&rsquo s lira slid onworry the central bank will disappoint investors at its rate meeting next week, while the Argentine peso slumped to a record and Indonesia&rsquo s rupiah sank to the lowest in two decades even after the central bankintensified its fight to protect it.