Others   

3 BIG Spore banks ....:))

Again DBS is aro 75c higher then UOB ...and twice the volume.....both result on the 6th Aug. 
V interesting . 

 

It is possible , but certainly still very good if just 3c (10% cut for this qtr) .  However, I think it will remain ...( national day bonus /LOL ) 
More of a concern , and wld be the amount of provision set aside for bad loans.  20% of this coming true could b sizeable 
Awaiting patiently for its result first week aug for ALL 3 banks. 

CheeryVGoh      ( Date: 20-Jul-2020 13:57) Posted: Possible to be 30c for this Quarter.   FATABA      ( Date: 20-Jul-2020 10:35) Posted: CEO DBS ....big big challenge ahead ......gloabl economy  Dbs has a robust enough capital base to " not have to go there " yet ( cutting dividends) ....WHICH could MEANS 6th Aug result we could see 33c dividend. Dyodd

 

Possible to be 30c for this Quarter.

 

FATABA      ( Date: 20-Jul-2020 10:35) Posted: CEO DBS ....big big challenge ahead ......gloabl economy  Dbs has a robust enough capital base to " not have to go there " yet ( cutting dividends) ....WHICH could MEANS 6th Aug result we could see 33c dividend. Dyodd

 

CEO DBS ....big big challenge ahead ......gloabl economy 
Dbs has a robust enough capital base to " not have to go there " yet ( cutting dividends) ....WHICH could MEANS 6th Aug result we could see 33c dividend.
Dyodd
 

 

According to CGS CIMB :

DBS and OCBC are projected to pay an interim dividend of S$0.33 and S$0.25 a share respectively for Q2. UOB' s interim dividends are expected to compress to about S$0.35-S$0.45 a share, compared with S$0.55 previously.

FATABA      ( Date: 19-Jul-2020 14:29) Posted: I guess ONE big factor for our 3 banks , beside its result is the dividend issue.  Will there b a cut or otherwise as unfortunately this is one factor which  many retail investors are looking at .  Personally , I wld expect ocbc to b aro .20 /0.25  UOB 0.55 ( at most cut to 0.50 ) and DBS to maintain aro the 1.30/32 mark Shld any dividend policy change to any lower numbers may cause some short term price vairation .BUT long term our 3 banks are STILL THE BEST in this region.  DYODD

 

I guess ONE big factor for our 3 banks , beside its result is the dividend issue.  Will there b a cut or otherwise as unfortunately this is one factor which 
many retail investors are looking at . 
Personally , I wld expect ocbc to b aro .20 /0.25  UOB 0.55 ( at most cut to 0.50 ) and DBS to maintain aro the 1.30/32 mark
Shld any dividend policy change to any lower numbers may cause some short term price vairation .BUT long term our 3 banks are STILL THE BEST in this
region. 
DYODD
 

 

CGM CIMB' s report on our local banks.

https://research.sginvestors.io/2020/07/singapore-banks-cgs-cimb-research-2020-07-16.html?m=1

 

COVID-19 will not have a long-term impact on OCBC' s sustainable financing ambitions, even as companies' attentions are now diverted to immediate issues as they struggle with the pandemic fallout.

Mike Ng, head of structured finance and sustainable finance at OCBC, told The Business Times that the bank is expecting its value of sustainable financing loans in 2020 to be comparable to last year' s commitment of over S$5 billion.

OCBC recently announced a new sustainable finance target of S$25 billion by 2025, after it reached its previous goal of S$10 billion by 2022 two years early.

The bank has done about 20 sustainable financing loans year to date, which Mr Ng said is " quite a bit further ahead compared to this time last year" . OCBC did more than 20 such loans in 2019.

" We have been quite busy despite the current economic situation, which is actually really positive," he shared.
 

Just last month, OCBC topped a Debtwire ranking of mandated lead arrangers for green- and sustainability-linked syndicated and club loans. OCBC was the No 1 arranger of such loans issued by Asia-Pacific (ex-Japan) corporates from the start of January 2018 to June 17, 2020.

Mr Ng is optimistic that the bank has a good shot at hitting its " ambitious" new goal, even as many companies - especially small- and medium-sized enterprises - find themselves occupied with the impact of Covid-19.

Many companies have already incorporated sustainability into their business models, he said.

" In fact, if I look back at the transactions we had done in 2020, a lot of the deals are by repeat customers," he pointed out.

" It is increasingly evident that once companies actually embark on the strategy, they tend to continue on this journey, meaning it' s not a fad or a fashionable thing to do."

Growing market opportunity

Green loans are widely considered a growing market for financial institutions. The estimated size of climate investment opportunities in emerging markets between 2016 and 2030 is about US$23 trillion, according to a report by the International Finance Corporation. In a separate report by DBS and the United Nations' Environment Inquiry, green finance opportunities in Asean were estimated to be at least US$3 trillion.

And while the pandemic has caused many businesses to struggle, Mr Ng said that Covid-19 has actually cast a greater spotlight on the issue of sustainability.

Beyond the environment, conversation on sustainability has also begun to consider the various social issues that have bubbled to the surface in the pandemic.

" When people talk about sustainability, it' s very much focused on climate change," he said. " But I think with Covid-19, generally we get exposed to some of the crack lines in our systems."

Among them is the illegal trading of wildlife, which Mr Ng pointed out is believed to have had a role to play in the virus outbreak. As natural habitats get degraded, there will be more contact between animals and people and that could lead to a higher incidence of such pandemics.

Globally, concerns of inequality and access to healthcare have also been widely discussed of late. And closer to home the crowded living conditions of migrant workers also came to the fore because of the outbreak, Mr Ng said, as this segment was hit the hardest.

" So, I think Covid-19 has got a positive impact as it has actually raised awareness of these issues," Mr Ng noted. " As to how, or whether, we will end up addressing these issues and introducing measures, I think that remains to be seen.

" But really, the first step is creating awareness - at least it gets on the radar of the other stakeholders. And I do believe that ultimately, there will be an increasing focus on these issues by the different stakeholders."

Segments to target

Most of OCBC' s sustainability finance transactions today are in the property sector, said Mr Ng.

From a bank' s perspective, green financing for property is " very easy" because there is little ambiguity on whether they are truly green or not.

Green buildings in Singapore receive a Building Construction Authority Green Mark certification, and there are equivalents for this in other countries too.

These projects also tend to be " bankable" , said Mr Ng, which may not be the case for other projects.

He gave the example of a research and development facility for renewables, which might be very green but might not be bankable because the revenue structure and the business model have not yet been proven.

Nevertheless, OCBC is casting its nets wide to seize growing opportunities elsewhere. Other sectors it is looking into are renewable energy, infrastructure and transportation.

Mr Ng believes that renewable energy will be a key sector going forward, partly because of concerns around climate change.

" As an industry, I think renewable energy is a very attractive one because the cost of renewable energy has been falling rapidly due to large-scale deployment around the world," he said.

" Technology is constantly improving and renewable energy has become competitive with the traditional fossil fuel plants. So it' s quite likely in the years to come, it will cost more to burn coal than to generate electricity from renewable sources."

He added that with funding for coal-fired power plants drying up, countries are looking at renewable energy as an alternative for their economic expansions.

Challenges ahead

The opportunities in Asia do, however, come with unique challenges.

The first hurdle is how to determine whether a project is truly green, Mr Ng explained. A hydro plant can help generate electricity, but communities might have to be displaced and there could be biodiversity loss.

Another challenge is the bankability of projects, which is particularly pertinent in the Asean region. As most of the countries are developing nations, their legal and regulatory systems do not offer adequate protection for investors and banks.

Furthermore, a lot of projects are in politically sensitive industry segments such as electricity, water, and transportation. Over the lifetime of these long-term projects there may be various changes in governments that could lead to attempts at renegotiating contract structures, he added.

In spite of these hurdles, Mr Ng believes that greater focus on sustainability and climate change is inevitable.

" I do truly believe that going forward, capital will flow towards the projects that have a positive impact on the environment or that contribute to the achievement of the United Nations' s Sustainable Development Goals," he said.

Capital will also shy away from those projects that do not, he added.

" I think more broadly, at least from a bank' s perspective, we do believe that sustainable business is good business."

 

All 3 banks are relatively QUIET for the past weeks .......the main change is that DBS is now aro 0.90/$1 different from UOB
( It use to be less or same in share price ) Has the pandemic changes this ? 

OCBC seem to b in thsi sleep mode for some time. 

Reporting season coming up early Aug.....If no or dividend cut / share price can b affected. 
HOWEVER , if dividend can be maintained .....WOW , i think all 3 banks will shot up ....as the yield is some of the best in this region. 
DYODD

 

Currently all 3 banks are offering yield of aro 5 % or more w OCBC 4+% 
These are payout level which the banks can afford at less then 50% payout ratio. 

Note all XD is in APr May which means at this rate ...funds maybe comng in later too 
DYODD

 

In term of dividend ....

OCBC is from 53c per yr @$11 its 4.8%
DBS is 1.32 @25.20 its 5.2% 
UOB ( w special included ) 1.30 per yr  @26 its 5% 

Singapore banks provide a good base of assured dividend over the long term .....( no comment for trading or shortist) 
Happy investing. 

FATABA      ( Date: 21-Feb-2020 08:54) Posted: wow .....ALL 3 banks up dvidend WELL done  OCBC as expected increase it to beyond 25c .....28c giving a total of 53c per yr yield 4.8% at $11   UOB is not going to be left out ....adding a SPECIAL 20 and increase full yr to 55c ...so total 75c   ( at 26 , yield of 5% v good)  DBS has alrady updated to 33c a qtr ....so 1.32 per yr.  Happy investing . vested

 

wow .....ALL 3 banks up dvidend WELL done 

OCBC as expected increase it to beyond 25c .....28c giving a total of 53c per yr yield 4.8% at $11  
UOB is not going to be left out ....adding a SPECIAL 20 and increase full yr to 55c ...so total 75c  
( at 26 , yield of 5% v good) 
DBS has alrady updated to 33c a qtr ....so 1.32 per yr. 

Happy investing .
vested

 

DBS has increased its dividend payout by 10% from 1.20 to 1.32 per year.  At 25.40 still a very good yield of 5.2% 

Ocbc is going to give min 25c or more ?  ( my guess) for a full yr 50c or more at $11 its 4.5% min 
UOB shld up its full yr dividend to 55 min ( my guess ) for a full yr 1.10 ( ?) ....at 26 it 4.2% 

Both Friday morning )) 

Funds n invester wld certainly view these 3 big chips will low risk n good dividend returns > > > > DYODD
Happy investing 

FATABA      ( Date: 19-Feb-2020 09:48) Posted: Created this topic for our 3 big ...DBS OCBC UOB  So no need to find each individual banks ....anyway DBS result wld affect all the other 2 banks /or related in some ways >   Hope this wld be more convenient for all :)  OCBC result this friday .. GE nett profit rsing 110% it will boost OCBC bottom line :))  Budget certainly offers help to many SME and this shld boost our banks .....only issue remainly is the virus ...which shld be better as Summer arrive  Happy investing  Vested.

 

Created this topic for our 3 big ...DBS OCBC UOB 
So no need to find each individual banks ....anyway DBS result wld affect all the other 2 banks /or related in some ways >  

Hope this wld be more convenient for all :) 

OCBC result this friday .. GE nett profit rsing 110% it will boost OCBC bottom line :)) 
Budget certainly offers help to many SME and this shld boost our banks .....only issue remainly is the virus ...which shld be better as Summer arrive 
Happy investing 
Vested.