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In all my years owning bank stocks I dont remember seeing a day like this .
DBS up over 6% and OCBC over 4% in the first 2 hours of trading with high volumes .
Frenzied is all I can say .
DBS up over 6% and OCBC over 4% in the first 2 hours of trading with high volumes .
Frenzied is all I can say .
News Release Ref No. 07/2024 DBS ESTABLISHES SGD 3 BILLION SHARE BUYBACK PROGRAMME * * *
Shares will be bought in the open market and cancelled Singapore, 7 November 2024 &ndash DBS Group today announced that the Board had established a new share buyback programme of SGD 3 billion. Under the programme, shares will be purchased in the open market and cancelled. The buybacks will be carried out at management&rsquo s discretion and subject to market conditions.
DBS/Share buyback programme Page 1 of 3 DBS Group Holdings Ltd 12 Marina Boulevard DBS Asia Central @ Marina Bay Financial Centre Tower 3 Singapore 018982 Tel: 65.6878 8888 www.dbs.com Co. Reg. No. 199901152M
The programme marks the first time that repurchased shares are cancelled. The programme is over and above share buybacks periodically carried out for the purpose of vesting employee share plans. Based on the balance sheet as at September 2024, the programme will reduce the fully phased-in CET-1 ratio by around 0.8 percentage points when completed. The programme is the latest in a series of capital management initiatives undertaken by the Board, which included a doubling of the ordinary dividend over the past five years, occasional special dividends, and a recent bonus issue that effectively raised dividends. The Board also affirmed the policy of paying ordinary dividends that are sustainable and progressively rise with earnings. DBS CEO Piyush Gupta said, &ldquo We have been returning a substantial amount of capital to shareholders in recent years, reflecting the significant structural improvements our franchise has achieved. The buyback programme is underpinned by our strong capital position and ongoing capital generation, and it is another affirmation of our commitment to capital management.&rdquo DBS Deputy CEO Tan Su Shan said, &ldquo The buyback programme expands our toolkit for capital management. The considerable amount of capital we have returned in recent years has been a distinguishing hallmark that remains well supported by our financial strength. I am committed to continuing with this approach when I take over from Piyush.&rdquo
(
Great set of result and not unexpected ...a share buy back just like HSBC ? ( LOL also same amount > )
1. Dividend maintain at 0.54 ( expected as Q3 dont normally changes dividend payout)
2. Profit to a record .....Q4 should be good too
3. CEO ( old and new ) commit to the continue program of payout
4. $3B is not a small figure and the effect on Stock price in the short and longer term
Happy investing .
*** What will OCBC and UOB be tomorrow..> > > yr guess is as good as mine ...one thing is certain , I doubt it can be better then DBS.
Shares will be bought in the open market and cancelled Singapore, 7 November 2024 &ndash DBS Group today announced that the Board had established a new share buyback programme of SGD 3 billion. Under the programme, shares will be purchased in the open market and cancelled. The buybacks will be carried out at management&rsquo s discretion and subject to market conditions.
DBS/Share buyback programme Page 1 of 3 DBS Group Holdings Ltd 12 Marina Boulevard DBS Asia Central @ Marina Bay Financial Centre Tower 3 Singapore 018982 Tel: 65.6878 8888 www.dbs.com Co. Reg. No. 199901152M
The programme marks the first time that repurchased shares are cancelled. The programme is over and above share buybacks periodically carried out for the purpose of vesting employee share plans. Based on the balance sheet as at September 2024, the programme will reduce the fully phased-in CET-1 ratio by around 0.8 percentage points when completed. The programme is the latest in a series of capital management initiatives undertaken by the Board, which included a doubling of the ordinary dividend over the past five years, occasional special dividends, and a recent bonus issue that effectively raised dividends. The Board also affirmed the policy of paying ordinary dividends that are sustainable and progressively rise with earnings. DBS CEO Piyush Gupta said, &ldquo We have been returning a substantial amount of capital to shareholders in recent years, reflecting the significant structural improvements our franchise has achieved. The buyback programme is underpinned by our strong capital position and ongoing capital generation, and it is another affirmation of our commitment to capital management.&rdquo DBS Deputy CEO Tan Su Shan said, &ldquo The buyback programme expands our toolkit for capital management. The considerable amount of capital we have returned in recent years has been a distinguishing hallmark that remains well supported by our financial strength. I am committed to continuing with this approach when I take over from Piyush.&rdquo
(
Great set of result and not unexpected ...a share buy back just like HSBC ? ( LOL also same amount > )
1. Dividend maintain at 0.54 ( expected as Q3 dont normally changes dividend payout)
2. Profit to a record .....Q4 should be good too
3. CEO ( old and new ) commit to the continue program of payout
4. $3B is not a small figure and the effect on Stock price in the short and longer term
Happy investing .
*** What will OCBC and UOB be tomorrow..> > > yr guess is as good as mine ...one thing is certain , I doubt it can be better then DBS.
May be seeing a follow thru from the banks tonight
https://www.investing.com/indices/indices-futures
https://www.investing.com/indices/indices-futures
The banks .....
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-clinch-fresh-highs-as-nvidia-surges-to-record-155755012.html
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-clinch-fresh-highs-as-nvidia-surges-to-record-155755012.html
" The growth was helped by the expansion of the manufacturing sector after two quarters of contraction." (as in the news)
Think several Reits which have their space taken up for manufacturing & logistics may benefit from this piece of news too.
Think several Reits which have their space taken up for manufacturing & logistics may benefit from this piece of news too.
pkli899 ( Date: 14-Oct-2024 11:00) Posted:
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Tourist arrival figure in Sep was comparatively lower than the earlier months.
Quite surprising to me.
Quite surprising to me.
Yes. Way to go Singapore !
Stay invested with Singapore.
Stay invested with Singapore.
MrBear12 ( Date: 14-Oct-2024 10:53) Posted:
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That' s a strong growth! Fuelled by F1 maybe?
Way to go Singapore!!
May our economy continue to power up and race like Formula one.
Way to go Singapore!!
May our economy continue to power up and race like Formula one.
Delvyss ( Date: 14-Oct-2024 10:41) Posted:
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" Singapore' s economy grew 4.1% in Q3 of 2024: MTI advance estimates "
https://www.channelnewsasia.com/singapore/singapore-economy-grew-41-q3-2024-mti-advance-estimates-4672826#:~:text=SINGAPORE%3A%20Singapore' s%20economy%20picked%20up,after%20two%20quarters%20of%20contraction.
" The Fed May Not Cut Rates in November. "
https://www.barrons.com/articles/treasury-bonds-fed-rate-cuts-31a17064
https://www.barrons.com/articles/treasury-bonds-fed-rate-cuts-31a17064
Banks taking back the limelight. And only the beginning.
Our banks dont normally cut their loan rate immediately .....it might take a mth or more for them to implement . Expect some cut in Q4 .
Further another head wind is coming up strong ...the middle east war is getting out of hand .....how much bigger will it get ?
( hope NOT but tough to resolve )
DYODD
Watch the banking sector closely in the next few weeks .
Further another head wind is coming up strong ...the middle east war is getting out of hand .....how much bigger will it get ?
( hope NOT but tough to resolve )
DYODD
Watch the banking sector closely in the next few weeks .
Delvyss ( Date: 30-Sep-2024 07:28) Posted:
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" Hoping for banks to slash mortgage rates? Don' t hold your breath, analysts say "" Fed' s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages "https://www.businesstimes.com.sg/companies-markets/hoping-banks-slash-mortgage-rates-dont-hold-your-breath-analysts-say |
Banks are under profit taking . How much more will it come down ?
Maybe closer to a better valuation . Current P/Book for dbs is indeed high.
DYODD
Maybe closer to a better valuation . Current P/Book for dbs is indeed high.
DYODD
today 3 big banks on the charge up again. institutions' darlings.
wealth mgt will continue to be DBS push ......Happy investing.
DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world&rsquo s affluent investors shift their assets to Asia. DBS&rsquo income from servicing rich clients rose to more than S$2 billion last year, doubling from 2015. It expects the same pace of increase in half that period as well-heeled people and family offices from various parts of the world head to Asia to park their money, said Shee Tse Koon, head of consumer and wealth banking at DBS. Shee&rsquo s optimism underscores the significance of rising wealth fees that boosted DBS&rsquo income in recent years and will likely cushion its earnings with global interest rates set to decline. The assets of DBS clients, including those at the private bank and lower-rung tiers, reached S$396 billion as at June. That is set to exceed S$500 billion by 2027 with the number of clients investing and buying insurance products expected to quadruple, Shee said without specifying the numbers. The bank also handles a third of Singapore&rsquo s 1,650 single family offices, he said.
DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world&rsquo s affluent investors shift their assets to Asia. DBS&rsquo income from servicing rich clients rose to more than S$2 billion last year, doubling from 2015. It expects the same pace of increase in half that period as well-heeled people and family offices from various parts of the world head to Asia to park their money, said Shee Tse Koon, head of consumer and wealth banking at DBS. Shee&rsquo s optimism underscores the significance of rising wealth fees that boosted DBS&rsquo income in recent years and will likely cushion its earnings with global interest rates set to decline. The assets of DBS clients, including those at the private bank and lower-rung tiers, reached S$396 billion as at June. That is set to exceed S$500 billion by 2027 with the number of clients investing and buying insurance products expected to quadruple, Shee said without specifying the numbers. The bank also handles a third of Singapore&rsquo s 1,650 single family offices, he said.
DBS is charging into new high ....at 38.87 it is trading at PB of near 1.85 X OMG
while UOB is 1.26X and OCBC is 1.31X
What is the catalyst powering them now ? Continue growth , AUM and fees ...etc
Let us just hope the economy can power w growth and having a peaceful world
DYODD
while UOB is 1.26X and OCBC is 1.31X
What is the catalyst powering them now ? Continue growth , AUM and fees ...etc
Let us just hope the economy can power w growth and having a peaceful world
DYODD
DBS has hit many target .....Phillip was 38.50 if not wrong.
Whatever , I think DBS has demonstrated a strong mgt and real performance stock of STI . Many SH are really happy w
DBS the last 2 years. ( thks for the bonus too )
W more interest rate cut coming up /////let see how it is to perform for the next 12 mths.
Dyodd
Whatever , I think DBS has demonstrated a strong mgt and real performance stock of STI . Many SH are really happy w
DBS the last 2 years. ( thks for the bonus too )
W more interest rate cut coming up /////let see how it is to perform for the next 12 mths.
Dyodd
hokpin ( Date: 19-Sep-2024 14:09) Posted:
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DBS' s turn very soon !
Echoes ( Date: 19-Sep-2024 10:38) Posted:
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