Kinda weird that DBS shares price is performing so differently with the other 2 local banks for today. Any ideas for the different direction?
I think it is because DBS is going to sell Prudential (and AIA) insurance products.
I think it is because DBS is going to sell Prudential (and AIA) insurance products.
All along they have Aviva with them. Even if they change to another insurer, it shouldnt have an effect on them right?
Besides, these partnership, usually insurance companies will pay the bank for allowing them to act as an exclusive agent.
i am not sure how this affects.. care to enlighten?
Think of DBS as a store. That store was selling only Coca Cola.
Now Pepsi and Sunkist is putting their products on shelf.
So pepsi and sunkist lovers will buy from that store -- more revenue and more customer base.
Kinda weird that DBS shares price is performing so differently with the other 2 local banks for today. Any ideas for the different direction?
I have also been closely tracking the prices of these 3 banks, and am also equally surprised to the indifference DBS is showing lately, esp so when the financial
results are due to be released very soon. Could it be something others know which we don't?
Think of DBS as a store. That store was selling only Coca Cola.
Now Pepsi and Sunkist is putting their products on shelf.
So pepsi and sunkist lovers will buy from that store -- more revenue and more customer base.
i am not sure how this analogy affects DBS.. if u put more things on the shelf, it will mean more people have more choices when they go to DBS/POSB and people love choices don't they?
imo i dont think by having more insurers is the factor that cause it to drop. On the contrary, it will bring in much more revenue. Since the insurance companies will have to pay huge $$ to place their products on the shelves. Hence on DBS books it should be a + rather than a -.
With interest rates set to increase soon, the 3 local banks should see a huge gain on the P&L.
that's why it's a mystery. maybe insiders know something we don't (i.e. the ang mo houses).