DBS' s S$23 billion exposure to oil and gas companies excluding Swiber was bigger than rival United Overseas Bank' s S$14 billion and Oversea-Chinese Banking Corp' s S$14.3 billion - See more at:
I got my another lot @ $14.91. Happy NDP in advance =)
OG definitely a drag, but I think market has priced in aggressively to current price.
One positive note from CEO is that the business momentum pick up. To me this is very positive! Why? Because it means the normal biz profitability would be sustained. In other words, we can expect roughly $1b/qtr (before surprise bad debt). This give substantial margin to counter O&G issue. As we read end June results, est $300m from July operation already added into war chest. So time is on DBS side.
Vested:
05/08 $14.86
08/08 $14.91
Wait for other O& G companies wind up where DBS has loaned like Ezra - 1 billion, EMAS, Pacifioc radiance, Swissco, NC etc. THere shares must be headed to 10 dollars with all these NPL' s. Is it true are these NPL' s a drop in the ocean for DBS. Will they continue to loose money on these companies??????
I' m still a little hesistant...but am definitely interested and waiting to jump in. Will join you soon. Good luck!
Thanks. Holding ot for div jump.
Congrats, Sun. Good result plus something positive here...http://www.businesstimes.com.sg/companies-markets/deal-with-swiber-still-alive-amtc-ceo
<br/
Wait for other O& G companies wind up where DBS has loaned like Ezra - 1 billion, EMAS, Pacifioc radiance, Swissco, NC etc. THere shares must be headed to 10 dollars with all these NPL' s. Is it true are these NPL' s a drop in the ocean for DBS. Will they continue to loose money on these companies??????
There is always 2 sides of a coin. One who wish the share price will drop so that they will sell short and their interest is to make quick bucks. Another group is like us who wish to collect 3 to 4% dividends annually and of course with capital gain too going forward.
In summary - record first-half and second-quarter incomeRecord 1H and 2Q income and profit before allowances, reflecting strong franchise despite a challenging environment
Asset quality and allowance coverage remain sound
Strong capital adequacy ratios and liquidity
Strong operating performance and balance sheet have enabled DBS to absorb additional specific allowances and maintain record earnings
HighlightsRecord 1H and 2Q total income underpinned by improved business momentum
Net interest income and fee income at half-year highs
1H total income rises 6% to $ 5.78 billion 2Q total income up 8% from broad-based growth
2Q NIM of 1.87% up 12bp on year, stable on quarter. Loans grow 4% on quarter as trade loans reverse decline and non-trade loans grow
Expense growth decelerates from disciplined cost management
Higher allowances due largely to a single exposure
1H net profit maintained at record $ 2.25bn, ROE at 11.0%Strong balance sheet
NPL at 1.1%, allowance coverage at 113% and at 226% with collateral
LCR at 116%, NSFR above 100%
Fully phased-in CET 1 at 13.4%, leverage ratio at 7.7%Earning per share for 2Q 2016 : $ 1.67
Net Book Value per share as at 30.6.16 : $ 16.48
In summary - record first-half and second-quarter income
Record 1H and 2Q income and profit before allowances, reflecting strong franchise despite a challenging environment
Asset quality and allowance coverage remain sound
Strong capital adequacy ratios and liquidity
Strong operating performance and balance sheet have enabled DBS to absorb additional specific allowances and maintain record earnings
HighlightsRecord 1H and 2Q total income underpinned by improved business momentum
Net interest income and fee income at half-year highs
1H total income rises 6% to $ 5.78 billion 2Q total income up 8% from broad-based growth
2Q NIM of 1.87% up 12bp on year, stable on quarter. Loans grow 4% on quarter as trade loans reverse decline and non-trade loans grow
Expense growth decelerates from disciplined cost management
Higher allowances due largely to a single exposure
1H net profit maintained at record $ 2.25bn, ROE at 11.0%Strong balance sheet
NPL at 1.1%, allowance coverage at 113% and at 226% with collateral
LCR at 116%, NSFR above 100%
Fully phased-in CET 1 at 13.4%, leverage ratio at 7.7%Earning per share for 2Q 2016 : $ 1.67
Net Book Value per share as at 30.6.16 : $ 16.48
If one were to look at the balance sheets of listed companies here, the leverage should ring the bell not to say household debts.
2bil profit, showing lots of people taking loans. The number of people wanting to look good via loans is fantastic.
First half their profit still sgd 2 billion..
So nothing to worry about unless if u shorting it then u are in danger
2bil profit, showing lots of people taking loans. The number of people wanting to look good via loans is fantastic.
First half their profit still sgd 2 billion..
So nothing to worry about unless if u shorting it then u are in danger
First half their profit still sgd 2 billion..
So nothing to worry about unless if u shorting it then u are in danger
Thanks. Holding ot for div jump.
Congrats, Sun. Good result plus something positive here...http://www.businesstimes.com.sg/companies-markets/deal-with-swiber-still-alive-amtc-ceo
LOL Funds buying....
Dbs share price, px number is big, percentage of return frm share px appreciation is small henced the time to buy or time to sell is even more important. Do not be in love/ respect with this stOck just because it's $15
Theres no such thing as blue chips. Lol
Great, get deep blue one will be better.
Blue Huat kueh for blue Singapore chip.Huat arrhh~
Investshare....I am glad that you can stay rational and saw the value of a blue Singapore chip.
Yes, we might never catch the bottom but when there is value it would be worth accumulating . Good Luck
