You are vested in this counter , bro ? It will be nice if it can go above $16.. will prob sell then, but will leave behind those odd number of shares inherited as dividents . LOL

Posted: November 1, 2016 2:01 pm

Posted by: @qanghoo

↑

Yesterday morning, I made the pt in a post further down that at some pt, the provisioning will taper off, ie, at some future date going forward. This writeup below seems more hopeful than I am. So, if really it happens that by 4Q, we' re not gonna be confronted by more big scares (or at least substantially less of them ), then I' m gonna make a bold guesstimate that 4Q for DBS cld come in at 1.3-1.4 bil, translating into FY16 of 4.6-4.7 bil, or eps of 1.80+-. DBS is trading at PE< 9. If we were to take the average PE for banking n finance to be ard 10, then my own forward TP for DBS for the next 6 mths wld be 18+. DYODD as always though. Also, do guard against scare-mongering n lots of potholes n booby traps out there. Good luck to those vested. For me, a prized stock.

Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs

3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS.

WHAT' S NEW
Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade.

NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter.

Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks.

Trimming expenses. Banks have started to pay more attention to cost rationalisation.
DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB.

New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year.

Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB.

ACTION
Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward.

SECTOR CATALYSTS
Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth

Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%.

ASSUMPTION CHANGES
As per our results notes for DBS and OCBC.
RISKS
Further economic slowdown and political risks in regional countries.
Source: UOB KayHian Research

Yesterday morning, I made the pt in a post further down that at some pt, the provisioning will taper off, ie, at some future date going forward. This writeup below seems more hopeful than I am. So, if really it happens that by 4Q, we' re not gonna be confronted by more big scares (or at least substantially less of them ), then I' m gonna make a bold guesstimate that 4Q for DBS cld come in at 1.3-1.4 bil, translating into FY16 of 4.6-4.7 bil, or eps of 1.80+-. DBS is trading at PE< 9. If we were to take the average PE for banking n finance to be ard 10, then my own forward TP for DBS for the next 6 mths wld be 18+. DYODD as always though. Also, do guard against scare-mongering n lots of potholes n booby traps out there. Good luck to those vested. For me, a prized stock.

Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs

3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS.

WHAT' S NEW
Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade.

NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter.

Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks.

Trimming expenses. Banks have started to pay more attention to cost rationalisation.
DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB.

New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year.

Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB.

ACTION
Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward.

SECTOR CATALYSTS
Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth

Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%.

ASSUMPTION CHANGES
As per our results notes for DBS and OCBC.
RISKS
Further economic slowdown and political risks in regional countries.
Source: UOB KayHian Research

Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs

3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS.

WHAT' S NEW
Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade.

NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter.

Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks.

Trimming expenses. Banks have started to pay more attention to cost rationalisation.
DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB.

New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year.

Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB.

ACTION
Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward.

SECTOR CATALYSTS
Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth

Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%.

ASSUMPTION CHANGES
As per our results notes for DBS and OCBC.
RISKS
Further economic slowdown and political risks in regional countries.
Source: UOB KayHian Research

DBS up up up !

Posted: November 1, 2016 8:58 am

Posted by: @fataba

↑

And there is a 100lot married deal at 15 this morning....HMmmm

Posted: November 1, 2016 8:49 am

Posted by: @wansitong

↑

No share buy-back.

And there is a 100lot married deal at 15 this morning....HMmmm

Posted: November 1, 2016 8:49 am

Posted by: @wansitong

↑

No share buy-back.

Posted: October 31, 2016 6:14 pm

Posted by: @just4win

↑

Could be DBS share payback ?

No share buy-back.

Posted: October 31, 2016 6:14 pm

Posted by: @just4win

↑

Could be DBS share payback ?

Posted: October 31, 2016 5:55 pm

Posted by: @investshare

↑

Wow this guy wait patiently whole day and buy up at the end of day

I think next 6 month hard to say. But long term I am quite confident.

Posted: October 31, 2016 8:52 pm

Posted by: @maller

↑

Think more upside?

Think more upside?

Have not seen such announcements yet.

Posted: October 31, 2016 6:14 pm

Posted by: @just4win

↑

Could be DBS share payback ?

Posted: October 31, 2016 5:55 pm

Posted by: @investshare

↑

Wow this guy wait patiently whole day and buy up at the end of day

Could be DBS share payback ?

Posted: October 31, 2016 5:55 pm

Posted by: @investshare

↑

Wow this guy wait patiently whole day and buy up at the end of day.

Posted: October 31, 2016 5:16 pm

Posted by: @wansitong

↑

Total : 1,349,600 shares buy up

17:04:47
15.000
900
Buy Up

17:04:47
15.000
3,900
Buy Up

17:04:47
15.000
60,400
Buy Up

17:04:47
15.000
11,500
Buy Up

17:04:47
15.000
5,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
30,700
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
15,100
Buy Up

17:04:47
15.000
700
Buy Up

17:04:47
15.000
700
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
1,200
Buy Up

17:04:47
15.000
17,600
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
2,700
Buy Up

17:04:47
15.000
28,100
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
1,200
Buy Up

17:04:47
15.000
26,800
Buy Up

17:04:47
15.000
9,200
Buy Up

17:04:47
15.000
3,400
Buy Up

17:04:47
15.000
800
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
4,100
Buy Up

17:04:47
15.000
4,600
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
2,600
Buy Up

17:04:47
15.000
7,400
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
7,800
Buy Up

17:04:47
15.000
22,200
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
1,700
Buy Up

17:04:47
15.000
6,300
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
3,000
Buy Up

17:04:47
15.000
27,800
Buy Up

17:04:47
15.000
700
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
10,200
Buy Up

17:04:47
15.000
50,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
2,900
Buy Up

17:04:47
15.000
13,400
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
17,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
3,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
50,000
Buy Up

17:04:47
15.000
10,200
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
2,900
Buy Up

17:04:47
15.000
9,200
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
4,400
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
6,600
Buy Up

17:04:47
15.000
9,200
Buy Up

17:04:47
15.000
800
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
4,300
Buy Up

17:04:47
15.000
900
Buy Up

17:04:47
15.000
8,800
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
4,600
Buy Up

17:04:47
15.000
2,900
Buy Up

17:04:47
15.000
10,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
19,000
Buy Up

17:04:47
15.000
800
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
1,600
Buy Up

17:04:47
15.000
17,400
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
600
Buy Up

17:04:47
15.000
1,900
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
3,000
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
7,100
Buy Up

17:04:47
15.000
2,100
Buy Up

17:04:47
15.000
27,800
Buy Up

17:04:47
15.000
28,000
Buy Up

17:04:47
15.000
10,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
28,000
Buy Up

17:04:47
15.000
5,000
Buy Up

17:04:47
15.000
900
Buy Up

17:04:47
15.000
12,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
3,600
Buy Up

17:04:47
15.000
48,400
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
6,000
Buy Up

17:04:47
15.000
19,900
Buy Up

17:04:47
15.000
20,800
Buy Up

17:04:47
15.000
3,800
Buy Up

17:04:47
15.000
8,700
Buy Up

17:04:47
15.000
5,100
Buy Up

17:04:47
15.000
5,100
Buy Up

17:04:47
15.000
2,200
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
4,000
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
4,700
Buy Up

17:04:47
15.000
4,400
Buy Up

17:04:47
15.000
11,900
Buy Up

17:04:47
15.000
38,400
Buy Up

17:04:47
15.000
35,100
Buy Up

17:04:47
15.000
7,300
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
1,700
Buy Up

17:04:47
15.000
1,900
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
15,700
Buy Up

17:04:47
15.000
17,700
Buy Up

17:04:47
15.000
600
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
28,900
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
69,500
Buy Up

17:04:47
15.000
5,600
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
75,500
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
7,300
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
27,100
Buy Up

17:04:47
15.000
10,000
Buy Up

17:04:47
15.000
10,500
Buy Up

17:04:47
15.000
14,600
Buy Up

17:04:47
15.000
4,400
Buy Up

17:04:47
15.000
6,100
Buy Up

17:04:47
15.000
3,700
Buy Up

17:04:47
15.000
5,300
Buy Up

17:04:47
15.000
1,700
Buy Up

17:04:47
15.000
4,200
Buy Up

17:04:47
15.000
49,600
Buy Up

17:04:47
15.000
4,200
Buy Up

17:04:47
15.000
6,000
Buy Up

16:59:57
14.930
100

Wow this guy wait patiently whole day and buy up at the end of day.

Posted: October 31, 2016 5:16 pm

Posted by: @wansitong

↑

Total : 1,349,600 shares buy up

17:04:47
15.000
900
Buy Up

17:04:47
15.000
3,900
Buy Up

17:04:47
15.000
60,400
Buy Up

17:04:47
15.000
11,500
Buy Up

17:04:47
15.000
5,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
30,700
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
15,100
Buy Up

17:04:47
15.000
700
Buy Up

17:04:47
15.000
700
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
1,200
Buy Up

17:04:47
15.000
17,600
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
2,700
Buy Up

17:04:47
15.000
28,100
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
1,200
Buy Up

17:04:47
15.000
26,800
Buy Up

17:04:47
15.000
9,200
Buy Up

17:04:47
15.000
3,400
Buy Up

17:04:47
15.000
800
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
4,100
Buy Up

17:04:47
15.000
4,600
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
2,600
Buy Up

17:04:47
15.000
7,400
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
7,800
Buy Up

17:04:47
15.000
22,200
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
1,700
Buy Up

17:04:47
15.000
6,300
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
3,000
Buy Up

17:04:47
15.000
27,800
Buy Up

17:04:47
15.000
700
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
10,200
Buy Up

17:04:47
15.000
50,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
2,900
Buy Up

17:04:47
15.000
13,400
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
17,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
3,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
200
Buy Up

17:04:47
15.000
50,000
Buy Up

17:04:47
15.000
10,200
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
2,900
Buy Up

17:04:47
15.000
9,200
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
4,400
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
6,600
Buy Up

17:04:47
15.000
9,200
Buy Up

17:04:47
15.000
800
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
4,300
Buy Up

17:04:47
15.000
900
Buy Up

17:04:47
15.000
8,800
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
4,600
Buy Up

17:04:47
15.000
2,900
Buy Up

17:04:47
15.000
10,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
19,000
Buy Up

17:04:47
15.000
800
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
1,600
Buy Up

17:04:47
15.000
17,400
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
600
Buy Up

17:04:47
15.000
1,900
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
3,000
Buy Up

17:04:47
15.000
400
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
7,100
Buy Up

17:04:47
15.000
2,100
Buy Up

17:04:47
15.000
27,800
Buy Up

17:04:47
15.000
28,000
Buy Up

17:04:47
15.000
10,000
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
28,000
Buy Up

17:04:47
15.000
5,000
Buy Up

17:04:47
15.000
900
Buy Up

17:04:47
15.000
12,000
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
3,600
Buy Up

17:04:47
15.000
48,400
Buy Up

17:04:47
15.000
1,500
Buy Up

17:04:47
15.000
6,000
Buy Up

17:04:47
15.000
19,900
Buy Up

17:04:47
15.000
20,800
Buy Up

17:04:47
15.000
3,800
Buy Up

17:04:47
15.000
8,700
Buy Up

17:04:47
15.000
5,100
Buy Up

17:04:47
15.000
5,100
Buy Up

17:04:47
15.000
2,200
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
4,000
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
4,700
Buy Up

17:04:47
15.000
4,400
Buy Up

17:04:47
15.000
11,900
Buy Up

17:04:47
15.000
38,400
Buy Up

17:04:47
15.000
35,100
Buy Up

17:04:47
15.000
7,300
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
1,700
Buy Up

17:04:47
15.000
1,900
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
15,700
Buy Up

17:04:47
15.000
17,700
Buy Up

17:04:47
15.000
600
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
28,900
Buy Up

17:04:47
15.000
1,000
Buy Up

17:04:47
15.000
69,500
Buy Up

17:04:47
15.000
5,600
Buy Up

17:04:47
15.000
2,000
Buy Up

17:04:47
15.000
75,500
Buy Up

17:04:47
15.000
100
Buy Up

17:04:47
15.000
7,300
Buy Up

17:04:47
15.000
300
Buy Up

17:04:47
15.000
500
Buy Up

17:04:47
15.000
27,100
Buy Up

17:04:47
15.000
10,000
Buy Up

17:04:47
15.000
10,500
Buy Up

17:04:47
15.000
14,600
Buy Up

17:04:47
15.000
4,400
Buy Up

17:04:47
15.000
6,100
Buy Up

17:04:47
15.000
3,700
Buy Up

17:04:47
15.000
5,300
Buy Up

17:04:47
15.000
1,700
Buy Up

17:04:47
15.000
4,200
Buy Up

17:04:47
15.000
49,600
Buy Up

17:04:47
15.000
4,200
Buy Up

17:04:47
15.000
6,000
Buy Up

16:59:57
14.930
100

I have extracted the highlighted portion from brother Just4win' s post below. It' s an interesting pt, given what some so-called analysts had negatively opined abt the impact on OCBC due to the repatration of funds home by wealthy Indonesians in line with the tax amnesty. So, conversely, expanding wealth management in Indonesia by DBS at this juncture is an opportuned move? In any case, DBS has projected that the acquisition wld be earnings accretive one yr after the full completion of the purchase.

In Indonesia, DBS will gain about 410,000 customers, effectively increasing its base by six times. In Taiwan, DBS will add around 530,000 customers, expanding its base by 2.5 times.

Posted: October 31, 2016 8:44 am

Posted by: @just4win

↑

News from CNA

SYDNEY: DBS Group, Singapore' s biggest lender, said on Monday (Oct 31) it has agreed to buy Australia and New Zealand Banking Group' s (ANZ) wealth and retail businesses in five Asian countries for S$110 million above book value.

The portfolio of businesses being acquired is in Singapore, Hong Kong, China, Taiwan and Indonesia, representing total deposits of S$17 billion, loans of S$11 billion, investment assets under management of S$6.5 billion and total revenue of S$825 million for FY2016.

The ANZ units serve about 1.3 million customers in total, of which more than 100,000 are affluent or private wealth customers and 1.2 million are retail customers.

With the acquisition, DBS will add S$23 billion in wealth assets under management to its books, with high net-worth clients accounting for S$6 billion. This will take its total wealth assets under management to S$182 billion.

In Indonesia, DBS will gain about 410,000 customers, effectively increasing its base by six times. In Taiwan, DBS will add around 530,000 customers, expanding its base by 2.5 times.

The transaction is expected to be completed progressively from the second quarter of 2017, with the target for full completion in all markets by early 2018.

Total : 1,349,600 shares buy up

From DBS:

Outlook 2017
 Loan and non-interest income: mid-single digit growth
 Interest rates: short term uncertainty, should be alleviated by Fed hikes
 Expenses: target flat jaws
 Cost of credit: similar to this year&rsquo s excluding Swiber

Posted: October 31, 2016 11:38 am

Posted by: @investshare

↑

Hi, there is a difference between ' above book value' vs ' above valuation' . While DBS is paying above book value, it does not mean they pay above valuation. In fact, they can never pay above valuation, because whatever price they agree, it is their valuation, they need to justify it.

anyway, as it is above book value, while DBS own share price is below book value, the price to book value will increase a little bit, not significant. For the other impacts, refer below forecast fr DBS.

 Transaction to be completed progressively over 15 months, beginning with Singapore

 Expected to add $200m to Group income in 2017 and $600m in 2018

 Projected earnings of $200m within three years with ROE > 15%

Posted: October 31, 2016 11:06 am

Posted by: @junction

↑

This is a small acquisition but we dont know whether it will be accretive since DBS is paying above valuation.

You have a point. It should be above book value.

Posted: October 31, 2016 11:38 am

Posted by: @investshare

↑

Hi, there is a difference between ' above book value' vs ' above valuation' . While DBS is paying above book value, it does not mean they pay above valuation. In fact, they can never pay above valuation, because whatever price they agree, it is their valuation, they need to justify it.

anyway, as it is above book value, while DBS own share price is below book value, the price to book value will increase a little bit, not significant. For the other impacts, refer below forecast fr DBS.

 Transaction to be completed progressively over 15 months, beginning with Singapore

 Expected to add $200m to Group income in 2017 and $600m in 2018

 Projected earnings of $200m within three years with ROE > 15%

Posted: October 31, 2016 11:06 am

Posted by: @junction

↑

This is a small acquisition but we dont know whether it will be accretive since DBS is paying above valuation.