Just wondering, why you guys only talk about DBS?

UOB, OCBC not good? I only hold these 2.

DBS at  $40.50

Feb this year, at 30, wah so high , wait drop then buy

come June at $35, ok ok will buy later when $30 

Come November....

BT 071124: https://drive.google.com/file/d/1Uz-_9geoSc...iew?usp=sharing

Last BT for now. Departing for Penang tonight!

Go home lah. Gonna clean my house tomorrow and on Saturday... Sunday morning badminton training... maybe Sunday night see the girl is free or not...

But these days the girls just expect me to pay everything... especially once they know my thriftiness and my SGD earnings...     

ocbc being the lowest entry point for me to invest among 3 banks now gone even higher

Hahahaha    We know what to do

Life and medical Insurance is a lucrative business. 
BY buying OCBC, i am indirectly benefiting from owning GE.

I own your insurance policies. 

DBS dropped 15% at one stage!  LOL 

Hi bro,....... I have just finished reading the 30+ pgs,... 

Don't know if I've wasted my time or not,...

https://theedgemalaysia.com/node/730798

https://www.taxathand.com/article/38335/Mal...iduals-extended
One more thing : Since the exemption is for 10 years until Dec 31, 2036, why is the IRB asking for details on income which has been exempted from tax ?

Any ideas, bros and sis ?

swipe foreign card is deemed to have remitted back... its mentioned in the guidelines... no loophole here...

DBS looks to volume growth to mitigate falling interest rates stock soars to record high, hits S$50 mark
The lender guides 2025 net interest income to be above 2024 levels

[SINGAPORE] Shares of DBS : D05 +1.84% soared to a record high on Thursday (Aug 7) &ndash briefly hitting a milestone S$50 mark &ndash as South-east Asia&rsquo s biggest lender beat expectations for its second-quarter results amid challenging times ahead for the banks.

The counter eased to close at S$49.75, up 1.8 per cent for the day, after some 6.5 million shares changed hands. Shares of DBS have climbed 13.8 per cent in the year to date.

In the quarters ahead, the bank expects falling interest rates to put a dent in its net interest margin (NIM). But chief executive Tan Su Shan believes deposits volume growth will continue to support net interest income for 2025.

Speaking at the lender&rsquo s second-quarter results briefing on Thursday, Tan flagged changes in interest rates and foreign exchange (forex) as the biggest risks to performance she said, however, that this could be mitigated by volume growth.

&ldquo Don&rsquo t focus on NIMs, because the NIM will go down with the markets, but the net interest income can go up with volumes, and that&rsquo s how you mitigate that, and also how you hedge your net interest income risk nimbly.&rdquo

Tan expects the bank&rsquo s ability to manage balance sheets, grow deposits and capture market share will help tide it through uncertainty and hit its 2025 target of having group net interest income slightly above 2024 levels.

Meanwhile, DBS continues to boost structural growth in wealth management, global transaction services, digitalisation, financial institutions.

Q2 earnings beat expectations
DBS on Thursday posted a year-on-year rise of 1 per cent in net profit to S$2.82 billion for Q2, beating the S$2.79 billion consensus forecast in a Bloomberg survey of six analysts.

Commercial book net interest income fell 4 per cent to S$3.63 billion NIM fell 28 basis points (bps) year on year to 2.55 per cent due to US Federal Reserve rate cuts, as well as lower Singapore Overnight Rate Average (Sora) and Hong Kong Interbank Offered Rate (Hibor).

This was mitigated by balance sheet hedging and partly offset by strong deposit growth.

Tan said that because forex rates drive interest rate volatility, there is a need for the bank to be nimble with interest rate swaps and forex hedging.

Deposits in Q2 rose 7 per cent on year in constant-currency terms to S$574 billion, from increases in both fixed deposits and current and savings accounts.

Having seen sustained momentum in July, Tan expects deposits growth will continue for the rest of the year.

The growth in deposits exceeded loan growth, and the surplus was deployed into liquid assets, which was accretive to net interest income and return on equity, though it modestly reduced NIM.

Return on equity for Q2 stood at 16.7 per cent, down from 18.2 per cent a year earlier.

Meanwhile, Q2 loans rose 4 per cent in constant-currency terms to S$433 billion, led by non-trade corporate loans from broad-based growth across industries.

Tan said the lender has seen structural growth in its loans it has been increasing market share by deepening its industry expertise, and winning lead manager roles.

She still sees opportunities for strong growth in non-trade corporate loans in segments including tech, as well as in logistics and transportation.

Commercial book net fee and commission income was up 11 per cent at S$1.17 billion, largely due to higher wealth management fees, while investment banking fees were higher from increased debt and equity capital market activity.

Tan said the lender&rsquo s fee income was &ldquo quite pleasing&rdquo , given that growth was across the board in wealth fees, loan fees and treasury sales fees.

Commercial book other non-interest income increased 9 per cent to S$522 million, driven by strong treasury customer sales to wealth management and corporate customers.

Markets trading income, meanwhile, more than doubled to S$418 million from higher contributions across a range of activities, benefiting from lower funding costs and a more conducive trading environment.

The bank&rsquo s non-performing loans ratio fell to 1 per cent, from 1.1 per cent the same period a year earlier, as new non-performing asset formation stayed low and was more than offset by higher repayments and write-offs.

DBS declared an ordinary dividend of S$0.60 per share and a capital return dividend of S$0.15 per share for the period.

This brings the quarter&rsquo s total dividend payout to S$0.75 per share, compared with the S$0.54 in the year-ago period.

DBS kept its 2025 guidance. It expects commercial book non-interest income growth to be mid- to high-single digits, supported by a double-digit growth in wealth management cost-income ratio to be in the low-40 per cent range and specific provisions will normalise to 17 to 20 bps in the second half.

Overall, it is guiding for net profit to be below 2024 levels mainly due to global minimum tax of 15 per cent.

Referring to above input back in Jun 13.
At 11.20 am in SG yesterday (as per SG Time Region), Boustead SG announced they have filed for a REIT listing for its holding of its SG logistics & industrial assets.
The REIT is coming…. ‘to screw….’, some shareholders said earlier…lol…
But F9D’s valuation will rise with the above action.