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3 BIG Spore banks ....:))
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All 3 banks have given out their report card .....DBS and OCBC really doing great . Both lead by FT w global banking knowledge .
w XD nex week for OCBC and UOB on 12th Monday .....it would be interesting to see the true strength of these 2 banks > 44c OCBC and
UOB 88c. ( personally I think OCBC have much more to offer in the longer term .
UOB is now questioned on its CEO ....? who is his replacement in a family tradition business ? ( time will tell )
ON the other hand ...DBS 2024 is still very much in good hand .. anyway after its current CEO , it is still run by someone who is very familiar w the
company and culture . to be fair , we were need to give her a chance to proof it ...so 2025 DBS performance wld be a good show .
Happy investing.
WOW came at a surprise to me honestly ...as the current CEO is doing so well and certainly have few more good years.
Concern once you put in a local ...( good or bad) many within the rank wld not be happy ..... time will tell .
Also someone like current CEO ( global experience and knowledge of India CHina ) is hard to replace .
DYODD
If you workout the ratios based solely on thier recently announced dividens , then the ratio shall be :
DBS / UOB = 1.08 / 0.88 = 1.23
DBS / OCBC = 1.08 / 0.44 = 2.45
UOB / OCBC = 0.88 / 0.44 = 2.0
Based on this ratio alone and the current prices , DBS is cheapest and UOB most expensive .
But , it is a VERY , VERY rough guide .
Take it with a pinch of salt .
Do NOT use it as a basis for stock selection.
If only life is that simple .
Rover88 ( Date: 07-Aug-2024 14:19) Posted:
Based on current prices of the three banks, DBS @$33.77, UOB@$29.77, OCBC@$14.06, how would you rank them?
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Based on current prices of the three banks, DBS @$33.77, UOB@$29.77, OCBC@$14.06, how would you rank them?
The Board has declared an interim one-tier tax-exempt dividend of 54 cents for each DBSH ordinary share for the second quarter of 2024 (the 2Q24 Interim Dividend). The estimated dividend payable is $1,536 million.
The DBSH Scrip Dividend Scheme will not be applied to the 2Q24 Interim Dividend.
Therefore the dividend is still expected to be S$0.54.
Echoes ( Date: 07-Aug-2024 13:15) Posted:
Bro, DBS also gave more leh ....from 44cts last year to 54cts this year .
And , if you were to factor in the 1 for 10 bonus issue , the 54 cts is equivalent to a 60 cents . That is a whopping 16 cents extra compared to last year . 
All in all , a set of very good results I would say , especially on the 18.8% ROE .
FATABA ( Date: 07-Aug-2024 12:51) Posted:
54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.
That also means a SPECIAL bonus come end 2024 if this momentum is maintain .
good result esp w a ROE of 18.8% ( lol will JPM or someone plan to take over DBS haha)
Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%)
DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.
Happy investing
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Haha you are right ....just was expecting a little more ( following OCBC and UOB)
Anyway a sparking set of result ....and expecting a good 2024 w bonus . Nothing to question about the 18.8% ROE
Interest rate cut is not a concern as it is a double edged sword ...so I am expecting a good year for DBS .
Keeping my finger cross . vested haha
Happy investing.
Echoes ( Date: 07-Aug-2024 13:15) Posted:
Bro, DBS also gave more leh ....from 44cts last year to 54cts this year .
And , if you were to factor in the 1 for 10 bonus issue , the 54 cts is equivalent to a 60 cents . That is a whopping 16 cents extra compared to last year .
All in all , a set of very good results I would say , especially on the 18.8% ROE .
FATABA ( Date: 07-Aug-2024 12:51) Posted:
54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.
That also means a SPECIAL bonus come end 2024 if this momentum is maintain .
good result esp w a ROE of 18.8% ( lol will JPM or someone plan to take over DBS haha)
Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%)
DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.
Happy investing
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Bro, DBS also gave more leh ....from 44cts last year to 54cts this year .
And , if you were to factor in the 1 for 10 bonus issue , the 54 cts is equivalent to a 60 cents . That is a whopping 16 cents extra compared to last year .
All in all , a set of very good results I would say , especially on the 18.8% ROE .
FATABA ( Date: 07-Aug-2024 12:51) Posted:
54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.
That also means a SPECIAL bonus come end 2024 if this momentum is maintain .
good result esp w a ROE of 18.8% ( lol will JPM or someone plan to take over DBS haha)
Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%)
DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.
Happy investing
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54c dividend ( no extra ) is a little disappointing esp w OCBC and UOB giving more.
That also means a SPECIAL bonus come end 2024 if this momentum is maintain .
good result esp w a ROE of 18.8% ( lol will JPM or someone plan to take over DBS haha)
Not fogetting dbs is alos inceasing SH interest in SZ Rural commercial bank ( now 16.69%)
DBS is giving a yield of 6.6% ( assume 0.54x4) wo any bonus for the whole year.
Happy investing
whatever there is a cushion of min 54c on Wed . So I am not sure how bad can it drop due to Japan interest rate.
Unless Iran and Israel ( both I ) decide to fire at each other ....I think dbs is worth more at $33
Dyodd
Awaiting Wed too ....and certain that something is out on Wed noon. ( never before result is mid day for a large bank like this )
mav1ryan ( Date: 05-Aug-2024 15:34) Posted:
I had bought DBS at $32 or below, and I am going to hold on to it like no tomorrow. I am not selling due to fear, as the strong support point is $32.
However if the support point failed and went below $30 which is the literally crash support point, I will start using my war chest that is ready for such occasion. |
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I had bought DBS at $32 or below, and I am going to hold on to it like no tomorrow. I am not selling due to fear, as the strong support point is $32.
However if the support point failed and went below $30 which is the literally crash support point, I will start using my war chest that is ready for such occasion.
Ya , DBS changing their minds TWICE in a matter of days on the timing of results release really beats me .
Not much difference when they change from 8 Aug morning to 7 Aug evening , but bringing it further forward to noon of 7 Aug is drastic . Right in the middle of a trading day .
Trading halt comes to mind but what news is big enough to trigger halt ? Stock split ? Gupta step down ? DBS buying another local bank ? Bad news ?
Plus , I dont think they expected the bloodbath that we see today .
I cant wait till Wednesday .
This is NOT a request to buy or sell .....BUT some input for you .
DBS is still fundamentally very profitable and can afford to pay our good dividend .
Interest rate cut or even a war ....DBS can continue its operation and will return to its high .....just timing ?
There is ONE very UNusual thing ....> WHY CHANGE THE RESULT to the MID day on Wed the 7th > Aug
MID day .....Never hear this before and what happen after the noon result .....HALT LOL
I share my wild guess ....dividend of 59c ( national day 59th year) ,,,,Stilll NO reason to do it MID day ??
Really cant think of any special reasons ??? Anyone
Happy investing . Added/Vested
DYODD DYODD
The global sell-off triggered off by fear of usa recession would last a while.
Better wait till XD (uob, ocbc 12 aug) to pick up banking durians.
Good luck.
Everything changes over the last few days .
War ? Potential is very hot now ....
Trade w care. DYODD DYODD
Yes OCBC certainly did not dissapoint in fact the past week there was not much selloff in the share price as compared to DBS and UOB . Again , from the past dividen records , they have never paid a final dividen that is lower than its interim so we can more or less assume full year dividen of 88cts min for FY 2024 .
DBS , I still think the upcomimg dividen will be 54 cts . Too soon for them to raise if they do raise they will most probably do it in Q4 .
I wouldnt mind if they give more , though .
FATABA ( Date: 02-Aug-2024 10:20) Posted:
OCBC&rsquo s 2Q2024 results beat expectations with normalised net profit of S$1.94bn vs consensus estimate of S$1.83bn. It came from non-interest income growth of 13% YoY to S$1,199mn, mainly from broad based growth in fee, trading and insurance income. Net interest income rose slightly to S$2.43bn (+2% YoY) as a 5% growth in average assets was offset by net interest margin falling 6bps YoY to 2.20%. Total allowances were down 43% YoY, largely from a decline in GP while expenses rose 3% YoY mainly from increases in staff and IT-related costs. Cost-to-income ratio improved to 37.8%. 1H24 interim dividend up 10% YoY to 44 cents. More details to follow after 9.30am analyst briefing.
Interesting reaction to all 3 banks share after UOB result ......
UOB ,,,,,even w a 88c dividend ....Share price dropped below the $32 level ....result at best is flat consider 1H is a good half year. Concern wld be on 12th Aug after XD.
Family control would be facing new challenge after the younger Wee ...who is not very young )
( not vested .....so it is my personal view)
OCBC ...again offer a great set of result and 44c dividend ...10% up . LOL purely from investment point ,,,this is 50% of UOB 88c but capital invested is less then 50% of
UOB , OCBC is close to 6% yield at 14.85 . potential under CEO Helen looks great w GE now under their control . Also a $3B extra coming up .
DBS result is on 7th Aug evening .....certainly they are giving a higher dividend ( like OCBC and UOB ) ....my guess is 58/60c ?
$3 B profit is certainly a possibility ....bring a potenial $12B profit year for DBS
What could be a surprise is a potential stock split , a special one time dividend of 5c ( lol less likely haha )
DYODD
Happy investing . |
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The entire market is down due to US market.
Thanks for sharing.
Interetsing that banks are genrally down today!
Including HSBC which had a very nice set of results too.
Good day to collect more for the personal treasury! Cheers!
FATABA ( Date: 02-Aug-2024 10:20) Posted:
OCBC&rsquo s 2Q2024 results beat expectations with normalised net profit of S$1.94bn vs consensus estimate of S$1.83bn. It came from non-interest income growth of 13% YoY to S$1,199mn, mainly from broad based growth in fee, trading and insurance income. Net interest income rose slightly to S$2.43bn (+2% YoY) as a 5% growth in average assets was offset by net interest margin falling 6bps YoY to 2.20%. Total allowances were down 43% YoY, largely from a decline in GP while expenses rose 3% YoY mainly from increases in staff and IT-related costs. Cost-to-income ratio improved to 37.8%. 1H24 interim dividend up 10% YoY to 44 cents. More details to follow after 9.30am analyst briefing.
Interesting reaction to all 3 banks share after UOB result ......
UOB ,,,,,even w a 88c dividend ....Share price dropped below the $32 level ....result at best is flat consider 1H is a good half year. Concern wld be on 12th Aug after XD.
Family control would be facing new challenge after the younger Wee ...who is not very young )
( not vested .....so it is my personal view)
OCBC ...again offer a great set of result and 44c dividend ...10% up . LOL purely from investment point ,,,this is 50% of UOB 88c but capital invested is less then 50% of
UOB , OCBC is close to 6% yield at 14.85 . potential under CEO Helen looks great w GE now under their control . Also a $3B extra coming up .
DBS result is on 7th Aug evening .....certainly they are giving a higher dividend ( like OCBC and UOB ) ....my guess is 58/60c ?
$3 B profit is certainly a possibility ....bring a potenial $12B profit year for DBS
What could be a surprise is a potential stock split , a special one time dividend of 5c ( lol less likely haha )
DYODD
Happy investing . |
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OCBC&rsquo s 2Q2024 results beat expectations with normalised net profit of S$1.94bn vs consensus estimate of S$1.83bn. It came from non-interest income growth of 13% YoY to S$1,199mn, mainly from broad based growth in fee, trading and insurance income. Net interest income rose slightly to S$2.43bn (+2% YoY) as a 5% growth in average assets was offset by net interest margin falling 6bps YoY to 2.20%. Total allowances were down 43% YoY, largely from a decline in GP while expenses rose 3% YoY mainly from increases in staff and IT-related costs. Cost-to-income ratio improved to 37.8%. 1H24 interim dividend up 10% YoY to 44 cents. More details to follow after 9.30am analyst briefing.
Interesting reaction to all 3 banks share after UOB result ......
UOB ,,,,,even w a 88c dividend ....Share price dropped below the $32 level ....result at best is flat consider 1H is a good half year. Concern wld be on 12th Aug after XD.
Family control would be facing new challenge after the younger Wee ...who is not very young )
( not vested .....so it is my personal view)
OCBC ...again offer a great set of result and 44c dividend ...10% up . LOL purely from investment point ,,,this is 50% of UOB 88c but capital invested is less then 50% of
UOB , OCBC is close to 6% yield at 14.85 . potential under CEO Helen looks great w GE now under their control . Also a $3B extra coming up .
DBS result is on 7th Aug evening .....certainly they are giving a higher dividend ( like OCBC and UOB ) ....my guess is 58/60c ?
$3 B profit is certainly a possibility ....bring a potenial $12B profit year for DBS
What could be a surprise is a potential stock split , a special one time dividend of 5c ( lol less likely haha )
DYODD
Happy investing .
I agreed w you , OCBC should have a good set of result,,,esp w the extra contribution from GE better result
TMR we were all know .
Echoes ( Date: 01-Aug-2024 15:10) Posted:
INSURER Great Eastern on Wednesday (Jul 31) posted a 45 per cent increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million in Q2 FY2023.
For the six months ended Jun 30, net profit increased 34 per cent year on year to S$587.1 million, from S$437.2 million. This was driven by higher profit from the insurance business and favourable investment performance in shareholders&rsquo fund, said Great Eastern, an OCBC subsidiary.
H1 earnings per share rose 35 per cent on the year to S$1.24, from S$0.92.
Takeover or not or whether OCBC holdings of GE is 88% or 93% , doesnt make much of a difference . GE made an extra 150m YoY ( H1 24 vs H1 23 ) . If 50% of this additional profit is paid as interim dividen tomorrow , it works out to be about 1.5 cts extra of GE contribution over the previous year .
Lets see the banking arms performance tomorrow .
RL16EGG ( Date: 01-Aug-2024 12:27) Posted:
I do not think ocbc q2 result will be fully factored in ge takover, should be 3 qtr with more time.
For q2 results, assuming ocbc a 3% growth in nav (12.64 from 12.27 q1 with p/b 1.18),
eps (1.68 frm ttm 1.63 with p/e 9), price range $14.92-15.12. I think roe should be stable and abt 50% payout ratio.
Yes, I do see the prices of 3 banks to go back to end june on xd, good time to buy again with attractive valuation/support level |
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hmmm looks like the value of ge takoever will come some time later, may be 2025-26.
Meanwhile, wait to collect dividends and xd to add
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Echoes ( Date: 01-Aug-2024 15:10) Posted:
INSURER Great Eastern on Wednesday (Jul 31) posted a 45 per cent increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million in Q2 FY2023.
For the six months ended Jun 30, net profit increased 34 per cent year on year to S$587.1 million, from S$437.2 million. This was driven by higher profit from the insurance business and favourable investment performance in shareholders&rsquo fund, said Great Eastern, an OCBC subsidiary.
H1 earnings per share rose 35 per cent on the year to S$1.24, from S$0.92.
Takeover or not or whether OCBC holdings of GE is 88% or 93% , doesnt make much of a difference . GE made an extra 150m YoY ( H1 24 vs H1 23 ) . If 50% of this additional profit is paid as interim dividen tomorrow , it works out to be about 1.5 cts extra of GE contribution over the previous year .
Lets see the banking arms performance tomorrow .
RL16EGG ( Date: 01-Aug-2024 12:27) Posted:
I do not think ocbc q2 result will be fully factored in ge takover, should be 3 qtr with more time.
For q2 results, assuming ocbc a 3% growth in nav (12.64 from 12.27 q1 with p/b 1.18),
eps (1.68 frm ttm 1.63 with p/e 9), price range $14.92-15.12. I think roe should be stable and abt 50% payout ratio.
Yes, I do see the prices of 3 banks to go back to end june on xd, good time to buy again with attractive valuation/support level |
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