SG Talk

What happened?

H2 profit +24%

remember u must learn the difference between Money and Currency
at 3pm must balance

SGD

No logic to drop so much.

Kateks at work. Last year's profit was a record for UOB, but kateks instead spread the news that the results missed expectations.

Is this the reason for the fall?

The bank set aside more provisions for potential bad debt, to the tune of $184 million, from higher specific allowance on “a few non-systemic accounts”.

Dont be fooled by massage number.

Rate hike will kill their profit.

Just buy. Thank me later.

Ocbc tomorrow

(23-02-2023, 01:30 PM)Migrant Wrote: [ -> ]Ocbc tomorrow

How you know? You have supernormal powers?

(23-02-2023, 01:36 PM)dynamite Wrote: [ -> ]How you know? You have supernormal powers?

https://www.google.com/amp/s/www.theedge...y-cgs-cimb

(23-02-2023, 01:42 PM)winbig Wrote: [ -> ]https://www.google.com/amp/s/www.theedge...y-cgs-cimb

I do not trust these mainstream news and from "analysts"

Sell on the news lah ....so many waiting  by tye side to sell when good news released.

(23-02-2023, 01:44 PM)sgbuffett Wrote: [ -> ]Sell on the news lah ....so many waiting  by tye side to sell when good news released.

My uncle bought comfort delco when newspaper say good. Now tio tiao

After watch the 2 banks, many want to sell ocbc in advance. 
But it may not happen. 
It will be a good laugh if it goes up instead.

Many of u don't want to learn the difference between money and currency
You r advice to look in the direction of sotong One world gov.
PAYNOW is now PAYindia

in the twilight zone SGD is still +ve

(23-02-2023, 11:47 AM)Migrant Wrote: [ -> ]No logic to drop so much.

My friend just sold his UOB shares at $32 each a few days ago.................he made a killing..............

(23-02-2023, 03:15 PM)debono Wrote: [ -> ]My friend just sold his UOB shares at $32 each a few days ago.................he made a killing..............

Good thing yr Frd didn’t wait for results announcements. UOB wil drops further.

FD rates also drops

High interest rate no one dare to borrow.. bank need to pay high FD rates… only cum gong dare to holding/buy at current prices.. 

Rate hike good for the bank
One percent rate hike is +2 billion profit per annum for dbs bank roughly
So other local bank should be positive too
and there's prolly another 75 bp to go this year
Remember a year ago fed interest rate was near jilo, now around 4++

So is a few billions extra income, easy money for the banks

(23-02-2023, 05:44 PM)jameslee58@hotmail.com Wrote: [ -> ]Rate hike good for the bank
One percent rate hike is  +2 billion profit per annum for dbs bank roughly
So other local bank should be positive too
and there's prolly another 75 bp to go this year
Remember a year ago fed interest rate was near jilo, now around 4++

So is a few billions extra income, easy money for the banks

they need to pay high interest rates also lampar par lan tio boh .. if less borrowing then how ?!! 

EX-DIVIDENT
NORMALLY PRICE WILL DROP TO THE AMOUNT OF DIVIDENT PAYOUT

(23-02-2023, 05:49 PM)cwc29 Wrote: [ -> ]they need to pay high interest rates also lampar par lan tio boh .. if less borrowing then how ?!! 

MAS has set pre-requisite on banks. They are not supposed to lend more than their borrowings. That’s why banks always give high interest rates to lure customers in order to increased their borrowings.