DBS vs OCBC and UOB

[wanker88]

DBS will be corrected to 17 dollars again

Zhun boh!! A lot of ppl will jump in before it drops below $18!!

 

[johndoe2]

Zhun boh!! A lot of ppl will jump in before it drops below $18!!

I agree, dbs is fundamentally sound.
Trading profits decrease is expected just see scb know alr... Across board not ok.
With interest rate raising, banks should do well this year.
Do not think it will come down that much.

 

[Tuckie]

the market seemed to have priced this in.

 

[winorlose]

Already priced in.. thats why dropped from 20.xx to 19.3x

2015 qtr1 should be better due to more strategic synergies incorporated.

 

[felixleong]

believe DBS core business is still doing fine. hold still ok.

long term DBS should be okay, their CEO is very capable

 

[Tuckie]

long term DBS should be okay, their CEO is very capable

my own sense is can just hold, so will just follow this strategy and not deviate because of short term fluctuation.

 

[winorlose]

weird thing is..

DBS 4qtr is already known to be weak..

UOB and OCBC 4qtr very strong meh? hmmmm

already picked up 3300 shares...paid up. still got 500 @ 19.36 not picked up yet

just wait first..no hurry to sell

 

[Tuckie]

weird thing is..

DBS 4qtr is already known to be weak..

UOB and OCBC 4qtr very strong meh? hmmmm

usually 4Q for all the banks should be down. DBS performed below market's expectations, thankfully the whole year result still ok.

OCBC likely to be propped up by the news of GE's earnings..

UOB not sure, thought UOB would show the weakest 4Q earning report. but so far the price has not reflected this.

 

[Perisher]

I'm waiting for any weakness shown by other banks to jiak to complete my 3 banks haul.

 

[pcmdan]

when will it drop back to 6.x again haha

 

[winorlose]

when will it drop back to 6.x again haha

nv say nv.. maybe 1for1 rights issue lo from $20 become $10 again

 

[SpinFire]

Already priced in.. thats why dropped from 20.xx to 19.3x

2015 qtr1 should be better due to more strategic synergies incorporated.

The private banking biz that DBS bought over?

 

[pcmdan]

Sociental General? or something along that spelling haha

 

[winorlose]

Yep, SOC GEN..french private bank

 

[dominion23]

societe generale? from my vague recollection dealing with them for warrants... how will this acquisition increase their share price?

the announcements alr over, and share price at 9X% of 52 week high

 

[Tuckie]

societe generale? from my vague recollection dealing with them for warrants... how will this acquisition increase their share price?

the announcements alr over, and share price at 9X% of 52 week high

hope that they show better earnings and earning potential.

 

[Sinkie]

PUBLISHED: 8:37 AM, FEBRUARY 10, 2015(PAGE 1 OF 1) - PAGINATE
SINGAPORE — Singapore’s DBS Group Holdings saw its China bad debt provisions quadruple in the latest quarter but the bank played down the risks for its loan book, saying much of jump was due to one soured loan to a copper smelter.

DBS said it was not worried about its China portfolio as most of its loans were trade finance loans to banks, but Chief Executive Piyush Gupta warned the country’s anti-corruption drive as well as debt woes in certain corporate sectors may lead to some unexpected surprises.

“It’s quite clear in the last two or three months...(in) some specific sectors in China - you are beginning to see stress and default,” he told Reuters Television after the bank’s earnings briefing.

China’s slowing economy has heightened financial risks around the country’s heavily indebted companies and governments, which owe a combined US$15 trillion, according to a state audit and private estimates.

Much focus has been on the slowing property sector, particularly after struggling developer Kaisa was late with a bond coupon payment this year. DBS, Singapore’s biggest bank, said fourth-quarter bad debt provisions for Greater China excluding Hong Kong soared to S$40 million.

James Antos, Hong Kong-based banking analyst at Mizuho Securities Asia, said it was difficult to reconcile DBS’s outlook for its China-related loans with recent macro-economic data.

“I don’t care who you are, you can’t fight the economic cycle and the economic cycle is down,” he said.

“So I can’t believe that DBS is going to get out of China unscathed, especially since this is one of the most important growth areas strategically that they have identified for their bank.”

Overall bad debt provisions rose 40 per cent to S$211 million from a year earlier, the highest level since the quarter ended June 2013, according to Thomson Reuters data. Provisions for Singapore loans to consumers and small to medium sized businesses also climbed sharply.

The charges saw DBS book a weaker-than-expected net profit of S$838 million, below an average forecast of S$931 million from six analysts polled by Reuters.

The provisions also eclipsed a 10 per cent rise in full-year net profit to a record S$4 billion.

Despite the bad debt charges, its non-performing loan ratio was 0.9 per cent in the fourth quarter, little changed from recent quarters.

DBS earns nearly 90 per cent of its profit from Singapore and Hong Kong and about 6 per cent comes from mainland China and Taiwan.

Separately, DBS’s Gupta quashed much speculation that he could be a potential replacement for Peter Sands, the embattled chief executive of Standard Chartered, saying he had not been approached and was not interested in the job.

 

[pcmdan]

OCBC Q4 up 11% but misses target

 

[Tuckie]

OCBC Q4 up 11% but misses target

Haha common trend nowadays, miss target. But maybe like dbs, where the missed target has somewhat been factored in,

 

[SpinFire]

OCBC Q4 up 11% but misses target

OCBC re-testing breakout price of 10.53. Let's see if it holds.