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Catlim
2024-02-16
I wish i will have the dragon eyes that i can pick up profit making stocks that add on to my portfolio and huat ah
Catlim
2024-02-02
Keppel and OCBC . Good dividend . profitablecompany to lock in your investment.
Catlim
2023-08-10
Will pick OCBC Cheapest bank stock - with long term growth and affordability
OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?
Catlim
2023-07-27
Well done ! OCBC
Analysts await details on OCBC's $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4
Catlim
2022-11-14
$CITY DEVELOPMENTS LIMITED(C09.SI)$
Catlim
2022-11-14
Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ
Catlim
2022-01-17
$OVERSEA-CHINESE BANKING CORP(O39.SI)$
Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš
Catlim
2022-01-11
$OVERSEA-CHINESE BANKING CORP(O39.SI)$
Iwould still make my best investment for OCBC bank . Still good price to buy
Catlim
2022-01-05
Is Nio a good stock to accumulate and buy in at present situations
Catlim
2022-01-05
Singapore stock going up š
Catlim
2022-01-03
Nio will be my best pick in 2022š
Sorry, the original content has been removed
Catlim
2021-12-30
Why is nio dropping so much š
Catlim
2021-12-22
Bank still a good pick as it still has dividends andpotential growth in long term investments
Catlim
2021-09-10
$KEPPEL CORPORATION LIMITED(BN4.SI)$
Would anticipate and see Keppel corp reach 5.50 next month
Go to Tiger App to see more news
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Good dividend . profitablecompany to lock in your investment. ","listText":"Keppel and OCBC . Good dividend . profitablecompany to lock in your investment. ","text":"Keppel and OCBC . Good dividend . profitablecompany to lock in your investment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/269602193473656","isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207370718642344,"gmtCreate":1691656692838,"gmtModify":1691656697933,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Will pick OCBC Cheapest bank stock - with long term growth and affordability ","listText":"Will pick OCBC Cheapest bank stock - with long term growth and affordability ","text":"Will pick OCBC Cheapest bank stock - with long term growth and affordability","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207370718642344","repostId":"2358027076","repostType":2,"repost":{"id":"2358027076","kind":"highlight","pubTimestamp":1691545409,"share":"https://ttm.financial/m/news/2358027076?lang=&edition=fundamental","pubTime":"2023-08-09 09:43","market":"us","language":"en","title":"OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?","url":"https://stock-news.laohu8.com/highlight/detail?id=2358027076","media":"The Smart Investor","summary":"It is a tough decision but we line the three banks side by side to see which makes the best investment.","content":"<html><head></head><body><p>It is a tough decision but we line the three banks side by side to see which makes the best investment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f567e6f72fc6459181af2f540e7d6e6\" alt=\"Singapore Banks\" title=\"Singapore Banks\" tg-width=\"1024\" tg-height=\"768\"/><span>Singapore Banks</span></p><p>Higher interest rates have been a bane for the REIT sector and businesses with heavy debt loads.</p><p>However, the three local banks have benefitted greatly from the surge in interest rates that has lifted their net interest margins (NIMs) and net interest income (NII).</p><p>The trio have all reported record profits during the latest earnings season.</p><p><strong>United Overseas Bank</strong> (SGX: U11), or UOB, started the season with a 35% year-on-year rise in net profit for 2023ās second quarter (2Q 2023) excluding the integration costs from its acquisition of <strong>Citigroupās </strong>(NYSE: C) consumer banking franchise.</p><p><strong>DBS Group</strong> (SGX: D05) came along and reported a net profit of S$2.6 billion for 2Q 2023, up 45% year on year.</p><p>And finally, <strong>OCBC Ltd</strong> (SGX: O39) was the last to announce its results and impressed with a 34% year-on-year increase in net profit to S$1.7 billion for the quarter.</p><p>With all three banks announcing stellar results, which should investors pick for their portfolio?</p><p>We compare all three blue-chip banks on various metrics to try and figure this out.</p><h2 id=\"id_3278489360\">Financials</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdc506dff78cf8406d16d98a2046d319\" tg-width=\"793\" tg-height=\"272\"/></p><p>Starting with the financials for each lender, all three banks saw total income shoot up sharply because of higher NII brought about by higher interest rates.</p><p>Consequently, profit before allowances also rose sharply as expenses rose less than total income.</p><p>However, DBS is the leader here as it logged the strongest year-on-year rise in total income.</p><p>Singaporeās largest bank also clocked up the best year-on-year increase in net profit of 44.8%.</p><p><strong>Winner: DBS</strong></p><h2 id=\"id_1377416138\">Net interest margin and loan growth</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79477a03c1c63aa74fac723d446ed2d5\" tg-width=\"795\" tg-height=\"301\"/></p><p>Next, we look at the banksā NIMs and the growth of their loan books.</p><p>All three banks saw their loan books shrink year on year as high interest rates begin to bite, causing individuals and businesses to become hesitant to take on more debt.</p><p>DBS saw the worst fall of the three at 2.1% while OCBC experienced the gentlest decline at just 0.3%.</p><p>For NIM, OCBC is the clear winner with the highest NIM of the three at 2.26%.</p><p>However, DBS managed to chalk up the highest increase in its NIM on a year-on-year basis at 0.58 percentage points.</p><p>It was also the only bank to report a quarter-on-quarter increase in NIM, going from 2.12% to 2.16%.</p><p>DBSā CEO Piyush Gupta also believes there could be more upside to NIMs as 20% of DBSā commercial book has yet to reprice while the US central bank seems intent on further raising interest rates to combat inflation.</p><p>Despite these trends, OCBC still emerges as the winner with the lowest loan book decline while sporting the highest NIM.</p><p><strong>Winner: OCBC</strong></p><h2 id=\"id_1351176067\">Cost-to-income ratio</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4383cda61f9e7b866e9ca47dd96abe6a\" tg-width=\"802\" tg-height=\"217\"/></p><p>The cost-to-income ratio (CIR) measures the efficiency of a bankās operations by comparing its operating expenses with its total income.</p><p>A lower CIR is preferred as it means the bank is running more efficiently compared to its peers.</p><p>In this regard, DBS has the lowest CIR of the three at 38.3% but OCBC has come close with a CIR of 38.5%.</p><p>That said, DBS saw its CIR increase by just 0.02 percentage points from 1Q 2023 while OCBCās CIR jumped 0.14 percentage points.</p><p><strong>Winner: DBS</strong></p><h2 id=\"id_4004408791\">Non-performing loans ratio</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50c7a3777d878c04c30645388f47b5bb\" tg-width=\"793\" tg-height=\"216\"/></p><p>Now we come to the non-performing loans ratio, or NPL ratio, which measures the proportion of a bankās loans that may go sour.</p><p>A lower NPL ratio implies that the bank expects less of its loans to go bad and that its borrowers are doing fine.</p><p>Both DBS and OCBC are tied with an NPL ratio of 1.1%.</p><p><strong>Winner: DBS and OCBC (tie)</strong></p><h2 id=\"id_905563927\">Valuation</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2dd81b9e8cde1f6379e5578eefc6e23f\" tg-width=\"797\" tg-height=\"215\"/></p><p>When it comes to valuation, DBS has the highest price-to-book (PB) ratio by far at 1.57 times.</p><p>UOB, on the other hand, is trading just above its book value of S$28.26.</p><p>OCBC remains relatively cheap as well with a PB ratio of 1.15 times.</p><p><strong>Winner: UOB</strong></p><h2 id=\"id_3782561395\">Dividend yield</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca12364d870d7aab632db81d8cf5cf4e\" tg-width=\"796\" tg-height=\"271\"/></p><p>For dividend yield, we took the trailing 12-month dividend paid out by each lender but excluded any special, one-off dividends.</p><p>Using each bankās core dividend, OCBC had the highest dividend yield at 6.1% with DBS registering the lowest at 4.9%.</p><p>However, DBS had just upped its quarterly dividend from S$0.42 in 1Q 2023 to S$0.48 in the current quarter.</p><p>Hence, it has an annualised dividend of S$1.92 per share and its forward dividend yield stands at 5.6%.</p><p>Investors should note that with the strong results momentum, all three banks could raise their final dividends when they release their earnings in February 2024.</p><p><strong>Winner: OCBC</strong></p><h2 id=\"id_3148494557\">Get Smart: Considering other factors</h2><p>DBS and OCBC are tied with three winning factors each but investors need to consider other aspects to decide which bank to buy.</p><p>For instance, UOB expects to achieve an annualised revenue uplift of S$1 billion from its Citigroup acquisition and integration for 2023.</p><p>OCBC introduced a refreshed logo and has identified strategic initiatives to garner S$3 billion in incremental revenue from 2023 to 2025.</p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-09 09:43 GMT+8 <a href=https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is a tough decision but we line the three banks side by side to see which makes the best investment.Singapore BanksHigher interest rates have been a bane for the REIT sector and businesses with ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2358027076","content_text":"It is a tough decision but we line the three banks side by side to see which makes the best investment.Singapore BanksHigher interest rates have been a bane for the REIT sector and businesses with heavy debt loads.However, the three local banks have benefitted greatly from the surge in interest rates that has lifted their net interest margins (NIMs) and net interest income (NII).The trio have all reported record profits during the latest earnings season.United Overseas Bank (SGX: U11), or UOB, started the season with a 35% year-on-year rise in net profit for 2023ās second quarter (2Q 2023) excluding the integration costs from its acquisition of Citigroupās (NYSE: C) consumer banking franchise.DBS Group (SGX: D05) came along and reported a net profit of S$2.6 billion for 2Q 2023, up 45% year on year.And finally, OCBC Ltd (SGX: O39) was the last to announce its results and impressed with a 34% year-on-year increase in net profit to S$1.7 billion for the quarter.With all three banks announcing stellar results, which should investors pick for their portfolio?We compare all three blue-chip banks on various metrics to try and figure this out.FinancialsStarting with the financials for each lender, all three banks saw total income shoot up sharply because of higher NII brought about by higher interest rates.Consequently, profit before allowances also rose sharply as expenses rose less than total income.However, DBS is the leader here as it logged the strongest year-on-year rise in total income.Singaporeās largest bank also clocked up the best year-on-year increase in net profit of 44.8%.Winner: DBSNet interest margin and loan growthNext, we look at the banksā NIMs and the growth of their loan books.All three banks saw their loan books shrink year on year as high interest rates begin to bite, causing individuals and businesses to become hesitant to take on more debt.DBS saw the worst fall of the three at 2.1% while OCBC experienced the gentlest decline at just 0.3%.For NIM, OCBC is the clear winner with the highest NIM of the three at 2.26%.However, DBS managed to chalk up the highest increase in its NIM on a year-on-year basis at 0.58 percentage points.It was also the only bank to report a quarter-on-quarter increase in NIM, going from 2.12% to 2.16%.DBSā CEO Piyush Gupta also believes there could be more upside to NIMs as 20% of DBSā commercial book has yet to reprice while the US central bank seems intent on further raising interest rates to combat inflation.Despite these trends, OCBC still emerges as the winner with the lowest loan book decline while sporting the highest NIM.Winner: OCBCCost-to-income ratioThe cost-to-income ratio (CIR) measures the efficiency of a bankās operations by comparing its operating expenses with its total income.A lower CIR is preferred as it means the bank is running more efficiently compared to its peers.In this regard, DBS has the lowest CIR of the three at 38.3% but OCBC has come close with a CIR of 38.5%.That said, DBS saw its CIR increase by just 0.02 percentage points from 1Q 2023 while OCBCās CIR jumped 0.14 percentage points.Winner: DBSNon-performing loans ratioNow we come to the non-performing loans ratio, or NPL ratio, which measures the proportion of a bankās loans that may go sour.A lower NPL ratio implies that the bank expects less of its loans to go bad and that its borrowers are doing fine.Both DBS and OCBC are tied with an NPL ratio of 1.1%.Winner: DBS and OCBC (tie)ValuationWhen it comes to valuation, DBS has the highest price-to-book (PB) ratio by far at 1.57 times.UOB, on the other hand, is trading just above its book value of S$28.26.OCBC remains relatively cheap as well with a PB ratio of 1.15 times.Winner: UOBDividend yieldFor dividend yield, we took the trailing 12-month dividend paid out by each lender but excluded any special, one-off dividends.Using each bankās core dividend, OCBC had the highest dividend yield at 6.1% with DBS registering the lowest at 4.9%.However, DBS had just upped its quarterly dividend from S$0.42 in 1Q 2023 to S$0.48 in the current quarter.Hence, it has an annualised dividend of S$1.92 per share and its forward dividend yield stands at 5.6%.Investors should note that with the strong results momentum, all three banks could raise their final dividends when they release their earnings in February 2024.Winner: OCBCGet Smart: Considering other factorsDBS and OCBC are tied with three winning factors each but investors need to consider other aspects to decide which bank to buy.For instance, UOB expects to achieve an annualised revenue uplift of S$1 billion from its Citigroup acquisition and integration for 2023.OCBC introduced a refreshed logo and has identified strategic initiatives to garner S$3 billion in incremental revenue from 2023 to 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202465547030568,"gmtCreate":1690446936418,"gmtModify":1690446939996,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Well done ! OCBC ","listText":"Well done ! OCBC ","text":"Well done ! OCBC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202465547030568","repostId":"2349684446","repostType":2,"repost":{"id":"2349684446","kind":"highlight","pubTimestamp":1688438695,"share":"https://ttm.financial/m/news/2349684446?lang=&edition=fundamental","pubTime":"2023-07-04 10:44","market":"other","language":"en","title":"Analysts await details on OCBC's $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4","url":"https://stock-news.laohu8.com/highlight/detail?id=2349684446","media":"Jovi Ho","summary":"By 2025, OCBC aims to double the AUM of its Premier Banking and Premier Private Client segments for Greater China.","content":"<html><body><p><img src=\"https://edgemarkets-transferred.s3-ap-southeast-1.amazonaws.com/unnamed+(2)+(1).jpg\"/> By 2025, OCBC aims to double the AUM of its Premier Banking and Premier Private Client segments for Greater China.</p><p>Oversea-Chinese Banking Corporation (OCBC) unveiled on July 3Ā its branding and strategic refresh,Ā which includes a target to deliver an incremental $3 billion in cumulative revenue between 2023 and 2025.</p>\n<p>Analysts, however, have kept their views for now.</p>\n<p>Citi Research analyst Tan Yong Hong, for one, awaits further details from OCBC <code>O39</code> about its revenue drivers and return on equity, expected at its results briefing for 1HFY2023 ended June on Aug 4.Ā </p>\n<p>Ahead of the results release, OCBC is currently in its blackout period. For now, Tan is āneutralā on the bankās stock, with a target price of $12.50 against its June 3 closing price of $12.31. āWe view upcoming results could be a re-rating catalyst for OCBC on possible dividend per share (DPS) surprise and further details on the $3 billion cumulative revenue uplift.ā</p>\n<p>Tan brings his attention towards OCBCās ārefreshed management committeeā, with new heads appointed over the past three years, including at the helm; group chief executive officer Helen Wong joined the bank in February 2020 and took on the top job in April 2021.Ā </p>\n<p>In particular, Tan thinks Jason Moo, who joined in March as CEO of OCBCās private banking subsidiary Bank of Singapore, ācould help catalyse the wealth opportunity in Singapore for OCBCā.Ā </p>\n<p>Moo was previously Julius Baerās branch manager and head of private banking in Southeast Asia. Prior to Julius Baer, Moo was at Goldman Sachs for over two decades, where he ran the private wealth management franchise for Southeast Asia and Australia, among others.</p>\n<p>Bank of Singapore has tripled its assets under management (AUM) and doubled its revenue since 2013. Now, it aims to grow its AUM to US$145 billion ($195.59 billion) by end-2025 from some US$124 billion currently, while bringing its relationship manager headcount from 400 now to 500 by end-2025.Ā </p>\n<p>In FY2022, OCBC net new money was $25 billion, compared to DBSās $24 billion, notes Tan.Ā </p>\n<p><strong>The new targets</strong></p>\n<p>OCBC has benefited āsignificantlyā from the enhancement of its franchise value post the acquisition of Wing Hang Bank in 2014, note DBS Group Research analysts Lim Rui Wen and Tabitha Foo. āGreater China continues to be managementās focus as a key market outside Singapore, contributing [approximately] 15% of the groupās income in FY2022.ā</p>\n<p>The bank aims to capture rising Asian wealth and support, increasing Mainland China-Hong Hong and Asean-Greater China flows to deepen its regional presence and drive sustainable growth through its One-Group approach, add the DBS analysts in a July 4 note.Ā </p>\n<p>To achieve this, the bank plans to accelerate investment in its transaction banking capabilities in Greater China, investing over $50 million over the next three years and targeting more than 500 regional mandates for cash management over the next five years.Ā </p>\n<p>It also envisages doubling its investment banking revenue in three years and acquiring more than 26,000 new small- and medium-sized enterprise (SME) customers in Hong Kong over the next three years.Ā </p>\n<p>In addition, OCBC aspires to better facilitate Chinese clients to operate in Asean, generating a more than 50% increase in revenue from its Greater China franchise in Asean by 2025.</p>\n<p>OCBC is one of the top five foreign players by total assets in Greater China, with $93 billion in assets and a 20% stake in Bank of Ningbo, say Lim and Foo. āOver the past decade, OCBC has made substantial inroads in the region, with Asean currently contributing 60% of its income growth while Greater China revenue saw a 22% CAGR from 2013 to 2022.ā</p>\n<p>OCBC has performed well in growing its wealth business, they add, with its Premier Banking and Premier Private Client segments making up 62% of the wealth management fees in 2022 ā a 2.5x increase since 2013; and 58% of AUM ā a 3.5x increase since 2013.</p>\n<p>Looking ahead, OCBC plans to double the AUM of its Premier Banking and Premier Private Client segments for the Greater China market by 2025 by leveraging its twin hubs of Singapore and Hong Kong.</p>\n<p><strong>āLimited catalysts for nowā</strong></p>\n<p>As the Fed rate comes close to its peak in this cycle, the DBS analysts believe there will be further downside to OCBCās net interest margins (NIMs), especially as competition for quality loans and pressure from funding costs continues to growā.</p>\n<p>While OCBCās 1QF2023 ended March NIM held up well at 2.30%, down 1 basis point q-o-q, management guided that NIM has likely already peaked and will trend downwards for the rest of the year, with FY2023 NIM at around 2.2%.</p>\n<p>Further downside risks and asset quality risks may emerge, add Lim and Foo. Managementās FY2023 loan growth guidance was revised downwards in 1QFY2023 to a ālow to mid-single-digitā, from a āmid-single-digitā.</p>\n<p>While asset quality remains benign in 1QFY2023, the DBS analysts believe management will top up general provisions as it guides for a more normalised credit cost of 15 to 20 basis points in FY2023 ended December in a more uncertain environment.</p>\n<p>As such, they maintain āholdā on OCBC with a target price of $13. DBSās target price on OCBC represents a 1x FY2024, below -0.5SD of OCBCās 12-year forward price-to-book (P/BV) multiple.Ā </p>\n<p>āWe believe this is a fair valuation, as we see limited catalysts ahead for OCBCās share price, given more downside risks arising from NIM, loan growth, a more uncertain macroeconomic environment for non-interest income growth, as well as rising asset quality risks,ā write Lim and Foo. āWe believe the downside to OCBCās share price will be supported by its strong provisions buffer of 121% and potential excess capital of $5 billion during FY2023.ā</p>\n<p>Shares in OCBC closed 4 cents higher, or 0.32% up, at $12.35 on July 4.Ā </p>\n</body></html>","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysts await details on OCBC's $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalysts await details on OCBC's $3 bil incremental revenue goal, expected at 1HFY2023 earnings call on Aug 4\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-04 10:44 GMT+8 <a href=https://www.theedgesingapore.com/capital/brokers-calls/analysts-await-details-ocbcs-3-bil-incremental-revenue-goal-expected-1hfy2023?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Jovi Ho</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By 2025, OCBC aims to double the AUM of its Premier Banking and Premier Private Client segments for Greater China.Oversea-Chinese Banking Corporation (OCBC) unveiled on July 3Ā its branding and ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/analysts-await-details-ocbcs-3-bil-incremental-revenue-goal-expected-1hfy2023?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/analysts-await-details-ocbcs-3-bil-incremental-revenue-goal-expected-1hfy2023?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2349684446","content_text":"By 2025, OCBC aims to double the AUM of its Premier Banking and Premier Private Client segments for Greater China.Oversea-Chinese Banking Corporation (OCBC) unveiled on July 3Ā its branding and strategic refresh,Ā which includes a target to deliver an incremental $3 billion in cumulative revenue between 2023 and 2025.\nAnalysts, however, have kept their views for now.\nCiti Research analyst Tan Yong Hong, for one, awaits further details from OCBC O39 about its revenue drivers and return on equity, expected at its results briefing for 1HFY2023 ended June on Aug 4.Ā \nAhead of the results release, OCBC is currently in its blackout period. For now, Tan is āneutralā on the bankās stock, with a target price of $12.50 against its June 3 closing price of $12.31. āWe view upcoming results could be a re-rating catalyst for OCBC on possible dividend per share (DPS) surprise and further details on the $3 billion cumulative revenue uplift.ā\nTan brings his attention towards OCBCās ārefreshed management committeeā, with new heads appointed over the past three years, including at the helm; group chief executive officer Helen Wong joined the bank in February 2020 and took on the top job in April 2021.Ā \nIn particular, Tan thinks Jason Moo, who joined in March as CEO of OCBCās private banking subsidiary Bank of Singapore, ācould help catalyse the wealth opportunity in Singapore for OCBCā.Ā \nMoo was previously Julius Baerās branch manager and head of private banking in Southeast Asia. Prior to Julius Baer, Moo was at Goldman Sachs for over two decades, where he ran the private wealth management franchise for Southeast Asia and Australia, among others.\nBank of Singapore has tripled its assets under management (AUM) and doubled its revenue since 2013. Now, it aims to grow its AUM to US$145 billion ($195.59 billion) by end-2025 from some US$124 billion currently, while bringing its relationship manager headcount from 400 now to 500 by end-2025.Ā \nIn FY2022, OCBC net new money was $25 billion, compared to DBSās $24 billion, notes Tan.Ā \nThe new targets\nOCBC has benefited āsignificantlyā from the enhancement of its franchise value post the acquisition of Wing Hang Bank in 2014, note DBS Group Research analysts Lim Rui Wen and Tabitha Foo. āGreater China continues to be managementās focus as a key market outside Singapore, contributing [approximately] 15% of the groupās income in FY2022.ā\nThe bank aims to capture rising Asian wealth and support, increasing Mainland China-Hong Hong and Asean-Greater China flows to deepen its regional presence and drive sustainable growth through its One-Group approach, add the DBS analysts in a July 4 note.Ā \nTo achieve this, the bank plans to accelerate investment in its transaction banking capabilities in Greater China, investing over $50 million over the next three years and targeting more than 500 regional mandates for cash management over the next five years.Ā \nIt also envisages doubling its investment banking revenue in three years and acquiring more than 26,000 new small- and medium-sized enterprise (SME) customers in Hong Kong over the next three years.Ā \nIn addition, OCBC aspires to better facilitate Chinese clients to operate in Asean, generating a more than 50% increase in revenue from its Greater China franchise in Asean by 2025.\nOCBC is one of the top five foreign players by total assets in Greater China, with $93 billion in assets and a 20% stake in Bank of Ningbo, say Lim and Foo. āOver the past decade, OCBC has made substantial inroads in the region, with Asean currently contributing 60% of its income growth while Greater China revenue saw a 22% CAGR from 2013 to 2022.ā\nOCBC has performed well in growing its wealth business, they add, with its Premier Banking and Premier Private Client segments making up 62% of the wealth management fees in 2022 ā a 2.5x increase since 2013; and 58% of AUM ā a 3.5x increase since 2013.\nLooking ahead, OCBC plans to double the AUM of its Premier Banking and Premier Private Client segments for the Greater China market by 2025 by leveraging its twin hubs of Singapore and Hong Kong.\nāLimited catalysts for nowā\nAs the Fed rate comes close to its peak in this cycle, the DBS analysts believe there will be further downside to OCBCās net interest margins (NIMs), especially as competition for quality loans and pressure from funding costs continues to growā.\nWhile OCBCās 1QF2023 ended March NIM held up well at 2.30%, down 1 basis point q-o-q, management guided that NIM has likely already peaked and will trend downwards for the rest of the year, with FY2023 NIM at around 2.2%.\nFurther downside risks and asset quality risks may emerge, add Lim and Foo. Managementās FY2023 loan growth guidance was revised downwards in 1QFY2023 to a ālow to mid-single-digitā, from a āmid-single-digitā.\nWhile asset quality remains benign in 1QFY2023, the DBS analysts believe management will top up general provisions as it guides for a more normalised credit cost of 15 to 20 basis points in FY2023 ended December in a more uncertain environment.\nAs such, they maintain āholdā on OCBC with a target price of $13. DBSās target price on OCBC represents a 1x FY2024, below -0.5SD of OCBCās 12-year forward price-to-book (P/BV) multiple.Ā \nāWe believe this is a fair valuation, as we see limited catalysts ahead for OCBCās share price, given more downside risks arising from NIM, loan growth, a more uncertain macroeconomic environment for non-interest income growth, as well as rising asset quality risks,ā write Lim and Foo. āWe believe the downside to OCBCās share price will be supported by its strong provisions buffer of 121% and potential excess capital of $5 billion during FY2023.ā\nShares in OCBC closed 4 cents higher, or 0.32% up, at $12.35 on July 4.","news_type":1},"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969855738,"gmtCreate":1668408250124,"gmtModify":1676538051911,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$ </a>","listText":"<a href=\"https://ttm.financial/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$ </a>","text":"$CITY DEVELOPMENTS LIMITED(C09.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969855738","isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969851131,"gmtCreate":1668406956223,"gmtModify":1676538051737,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ","listText":"Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ","text":"Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969851131","isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005464970,"gmtCreate":1642384011218,"gmtModify":1676533706445,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005464970","isVote":1,"tweetType":1,"viewCount":1109,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000733","authorId":"9000000000000733","name":"littlesweetie","avatar":"https://static.tigerbbs.com/43a0aed7518f515997f95ed495391d65","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000733","authorIdStr":"9000000000000733"},"content":"It's hard to say. Now technology companies are moving into traditional banking and pose a major threat.","text":"It's hard to say. Now technology companies are moving into traditional banking and pose a major threat.","html":"It's hard to say. Now technology companies are moving into traditional banking and pose a major threat."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002996634,"gmtCreate":1641878126933,"gmtModify":1676533658337,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Iwould still make my best investment for OCBC bank . Still good price to buy ","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Iwould still make my best investment for OCBC bank . Still good price to buy ","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Iwould still make my best investment for OCBC bank . Still good price to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002996634","isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008388432,"gmtCreate":1641360947079,"gmtModify":1676533606087,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Is Nio a good stock to accumulate and buy in at present situations ","listText":"Is Nio a good stock to accumulate and buy in at present situations ","text":"Is Nio a good stock to accumulate and buy in at present situations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008388432","isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001798657,"gmtCreate":1641312351968,"gmtModify":1676533596808,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Singapore stock going up š","listText":"Singapore stock going up š","text":"Singapore stock going up š","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001798657","isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001917980,"gmtCreate":1641141248187,"gmtModify":1676533575579,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Nio will be my best pick in 2022š","listText":"Nio will be my best pick in 2022š","text":"Nio will be my best pick in 2022š","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001917980","repostId":"1173416252","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003958388,"gmtCreate":1640859558699,"gmtModify":1676533548506,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Why is nio dropping so much š","listText":"Why is nio dropping so much š","text":"Why is nio dropping so much š","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003958388","isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000682676,"gmtCreate":1640151492297,"gmtModify":1676533503919,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Bank still a good pick as it still has dividends andpotential growth in long term investments ","listText":"Bank still a good pick as it still has dividends andpotential growth in long term investments ","text":"Bank still a good pick as it still has dividends andpotential growth in long term investments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000682676","isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883573172,"gmtCreate":1631260340496,"gmtModify":1676530511495,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$</a>Would anticipate and see Keppel corp reach 5.50 next month ","listText":"<a href=\"https://laohu8.com/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$</a>Would anticipate and see Keppel corp reach 5.50 next month ","text":"$KEPPEL CORPORATION LIMITED(BN4.SI)$Would anticipate and see Keppel corp reach 5.50 next month","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/883573172","isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584911736417489","authorId":"3584911736417489","name":"Fly High","avatar":"https://static.tigerbbs.com/8572d7c834f14d421f65ad1ce935d0c8","crmLevel":6,"crmLevelSwitch":0,"idStr":"3584911736417489","authorIdStr":"3584911736417489"},"content":"Can see above 6.00 if SPH deal and KeppelO&M / Sembmarine goes as planned. Good prospect.","text":"Can see above 6.00 if SPH deal and KeppelO&M / Sembmarine goes as planned. Good prospect.","html":"Can see above 6.00 if SPH deal and KeppelO&M / Sembmarine goes as planned. Good prospect."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9005464970,"gmtCreate":1642384011218,"gmtModify":1676533706445,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Still going up . Banking stock still my best investments.. foresee OCBC will go further up to 13.30 as bank going to raise interest rates that will bring more revenue. šš","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005464970","isVote":1,"tweetType":1,"viewCount":1109,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000733","authorId":"9000000000000733","name":"littlesweetie","avatar":"https://static.tigerbbs.com/43a0aed7518f515997f95ed495391d65","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000733","authorIdStr":"9000000000000733"},"content":"It's hard to say. Now technology companies are moving into traditional banking and pose a major threat.","text":"It's hard to say. Now technology companies are moving into traditional banking and pose a major threat.","html":"It's hard to say. Now technology companies are moving into traditional banking and pose a major threat."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":274498444181728,"gmtCreate":1708054015422,"gmtModify":1708054020059,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"I wish i will have the dragon eyes that i can pick up profit making stocks that add on to my portfolio and huat ah","listText":"I wish i will have the dragon eyes that i can pick up profit making stocks that add on to my portfolio and huat ah","text":"I wish i will have the dragon eyes that i can pick up profit making stocks that add on to my portfolio and huat ah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274498444181728","isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":269602193473656,"gmtCreate":1706837690194,"gmtModify":1706837695116,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Keppel and OCBC . Good dividend . profitablecompany to lock in your investment. ","listText":"Keppel and OCBC . Good dividend . profitablecompany to lock in your investment. ","text":"Keppel and OCBC . Good dividend . profitablecompany to lock in your investment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/269602193473656","isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883573172,"gmtCreate":1631260340496,"gmtModify":1676530511495,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$</a>Would anticipate and see Keppel corp reach 5.50 next month ","listText":"<a href=\"https://laohu8.com/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$</a>Would anticipate and see Keppel corp reach 5.50 next month ","text":"$KEPPEL CORPORATION LIMITED(BN4.SI)$Would anticipate and see Keppel corp reach 5.50 next month","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/883573172","isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584911736417489","authorId":"3584911736417489","name":"Fly High","avatar":"https://static.tigerbbs.com/8572d7c834f14d421f65ad1ce935d0c8","crmLevel":6,"crmLevelSwitch":0,"idStr":"3584911736417489","authorIdStr":"3584911736417489"},"content":"Can see above 6.00 if SPH deal and KeppelO&M / Sembmarine goes as planned. Good prospect.","text":"Can see above 6.00 if SPH deal and KeppelO&M / Sembmarine goes as planned. Good prospect.","html":"Can see above 6.00 if SPH deal and KeppelO&M / Sembmarine goes as planned. Good prospect."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001917980,"gmtCreate":1641141248187,"gmtModify":1676533575579,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Nio will be my best pick in 2022š","listText":"Nio will be my best pick in 2022š","text":"Nio will be my best pick in 2022š","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001917980","repostId":"1173416252","repostType":4,"repost":{"id":"1173416252","kind":"news","pubTimestamp":1641085354,"share":"https://ttm.financial/m/news/1173416252?lang=&edition=fundamental","pubTime":"2022-01-02 09:02","market":"us","language":"en","title":"XPeng, NIO, Li Auto Report Big December Deliveries. Thatās Good For Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1173416252","media":"Barrons","summary":"The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning","content":"<html><head></head><body><p>The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.</p><p>NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning each reported deliveries. Combined, the three shipped more than 40,000 units. Thatās a monthly record and is one sign that Tesla (TSLA) should post its own big number when it reports fourth delivery figures in coming days.</p><p>About 25% of all Tesla deliveries are generated in China. Investors expect Tesla to report north of 280,000 deliveries worldwide for the fourth quarter.</p><p>Among the Chinese three, XPeng took the December, and 2021, crown reporting 16,000 deliveries, a new monthly record. For all of 2021, XPeng delivered 98,155 vehicles, up 263% compared with 2020.</p><p>Li delivered 14,087 units in December. Thatās a monthly record for Li too. For all of 2021, Li delivered 90,491 vehicles, up 177% compared with 2020.</p><p>NIO didnāt set a new monthly record, just missing it by a few hundred units. The company shipped 10,489 vehicles in December. NIOās monthly delivery record came in November, when it shipped 10,878 units. For the full year, NIO delivered 91,429 vehicles in 2021, up 109% compared with 2020.</p><p>Even though XPeng delivered more cars in 2021, NIO has still delivered the most of the three over the companyās life. NIO has delivered more than 167,000 vehicles life to date. XPeng and Li have delivered about 125,000 and 123,000 vehicle, respectively.</p><p>December vehicle deliveries for all EV producers might have been boosted by a subsidy cut coming for Chinese car buyers in 2022. Buyers rushed to get a slightly better deal. The Chinese purchase subsidy for an EV is about 10,000 Yuan, ($1,500), from 14,400 Yuan ($2,200). The $700 difference amounts to about a 2% price bump for typical EVs.</p><p>Falling subsidies are one factor investors will have to consider regarding Tesla and Chinese EV makers in 2022. But higher December deliveries mean that earnings estimates for NIO, XPeng, Li, and likely Tesla, will rise in coming weeks. More cars than expected means more sales and better bottom line results.</p><p>Strong delivery results might also help shares early in 2022. Shares of Tesla, XPeng and Li had a good to great 2021, gaining 50%, 18% and 11%, respectively. NIO shares struggled, dropping 35% in 2021. The S&P 500 and Dow Jones Industrial Average gained 27% and 19%, respectively.</p><p>Starting valuation is one reason for NIO stockās struggles. Even after underperforming, NIOās market capitalization is about $54 billion, more than the $43 billion market cap of XPeng and the $33 billion market cap of Li.</p><p>Tesla, of course, ended 2021 with a market capitalization north of $1 trillion. Itās expected to deliver about 900,000 vehicles for 2021.</p></body></html>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng, NIO, Li Auto Report Big December Deliveries. Thatās Good For Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng, NIO, Li Auto Report Big December Deliveries. Thatās Good For Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-02 09:02 GMT+8 <a href=https://www.marketwatch.com/articles/xpeng-nio-li-auto-report-big-december-deliveries-thats-good-for-tesla-51641056522?mod=newsviewer_click_seemore><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning...</p>\n\n<a href=\"https://www.marketwatch.com/articles/xpeng-nio-li-auto-report-big-december-deliveries-thats-good-for-tesla-51641056522?mod=newsviewer_click_seemore\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"čę„","LI":"ēę³ę±½č½¦","TSLA":"ē¹ęÆę","XPEV":"å°é¹ę±½č½¦"},"source_url":"https://www.marketwatch.com/articles/xpeng-nio-li-auto-report-big-december-deliveries-thats-good-for-tesla-51641056522?mod=newsviewer_click_seemore","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1173416252","content_text":"The three U.S.-listed Chinese electric vehicle makers started 2022 off with a bang, all reporting big delivery figures for December.NIO (ticker: NIO), XPeng (XPEV) and Li Auto (LI) on Saturday morning each reported deliveries. Combined, the three shipped more than 40,000 units. Thatās a monthly record and is one sign that Tesla (TSLA) should post its own big number when it reports fourth delivery figures in coming days.About 25% of all Tesla deliveries are generated in China. Investors expect Tesla to report north of 280,000 deliveries worldwide for the fourth quarter.Among the Chinese three, XPeng took the December, and 2021, crown reporting 16,000 deliveries, a new monthly record. For all of 2021, XPeng delivered 98,155 vehicles, up 263% compared with 2020.Li delivered 14,087 units in December. Thatās a monthly record for Li too. For all of 2021, Li delivered 90,491 vehicles, up 177% compared with 2020.NIO didnāt set a new monthly record, just missing it by a few hundred units. The company shipped 10,489 vehicles in December. NIOās monthly delivery record came in November, when it shipped 10,878 units. For the full year, NIO delivered 91,429 vehicles in 2021, up 109% compared with 2020.Even though XPeng delivered more cars in 2021, NIO has still delivered the most of the three over the companyās life. NIO has delivered more than 167,000 vehicles life to date. XPeng and Li have delivered about 125,000 and 123,000 vehicle, respectively.December vehicle deliveries for all EV producers might have been boosted by a subsidy cut coming for Chinese car buyers in 2022. Buyers rushed to get a slightly better deal. The Chinese purchase subsidy for an EV is about 10,000 Yuan, ($1,500), from 14,400 Yuan ($2,200). The $700 difference amounts to about a 2% price bump for typical EVs.Falling subsidies are one factor investors will have to consider regarding Tesla and Chinese EV makers in 2022. But higher December deliveries mean that earnings estimates for NIO, XPeng, Li, and likely Tesla, will rise in coming weeks. More cars than expected means more sales and better bottom line results.Strong delivery results might also help shares early in 2022. Shares of Tesla, XPeng and Li had a good to great 2021, gaining 50%, 18% and 11%, respectively. NIO shares struggled, dropping 35% in 2021. The S&P 500 and Dow Jones Industrial Average gained 27% and 19%, respectively.Starting valuation is one reason for NIO stockās struggles. Even after underperforming, NIOās market capitalization is about $54 billion, more than the $43 billion market cap of XPeng and the $33 billion market cap of Li.Tesla, of course, ended 2021 with a market capitalization north of $1 trillion. Itās expected to deliver about 900,000 vehicles for 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969851131,"gmtCreate":1668406956223,"gmtModify":1676538051737,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ","listText":"Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ","text":"Well done !š¤©šTiger . Well deserved š Hope that Tiger will continue to roar šÆ with highappraiser and be Recognised as a trusted and reliable trading platform for investors. We love ā¤ļø you Tiger šÆ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969851131","isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207370718642344,"gmtCreate":1691656692838,"gmtModify":1691656697933,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Will pick OCBC Cheapest bank stock - with long term growth and affordability ","listText":"Will pick OCBC Cheapest bank stock - with long term growth and affordability ","text":"Will pick OCBC Cheapest bank stock - with long term growth and affordability","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207370718642344","repostId":"2358027076","repostType":2,"repost":{"id":"2358027076","kind":"highlight","pubTimestamp":1691545409,"share":"https://ttm.financial/m/news/2358027076?lang=&edition=fundamental","pubTime":"2023-08-09 09:43","market":"us","language":"en","title":"OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?","url":"https://stock-news.laohu8.com/highlight/detail?id=2358027076","media":"The Smart Investor","summary":"It is a tough decision but we line the three banks side by side to see which makes the best investment.","content":"<html><head></head><body><p>It is a tough decision but we line the three banks side by side to see which makes the best investment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f567e6f72fc6459181af2f540e7d6e6\" alt=\"Singapore Banks\" title=\"Singapore Banks\" tg-width=\"1024\" tg-height=\"768\"/><span>Singapore Banks</span></p><p>Higher interest rates have been a bane for the REIT sector and businesses with heavy debt loads.</p><p>However, the three local banks have benefitted greatly from the surge in interest rates that has lifted their net interest margins (NIMs) and net interest income (NII).</p><p>The trio have all reported record profits during the latest earnings season.</p><p><strong>United Overseas Bank</strong> (SGX: U11), or UOB, started the season with a 35% year-on-year rise in net profit for 2023ās second quarter (2Q 2023) excluding the integration costs from its acquisition of <strong>Citigroupās </strong>(NYSE: C) consumer banking franchise.</p><p><strong>DBS Group</strong> (SGX: D05) came along and reported a net profit of S$2.6 billion for 2Q 2023, up 45% year on year.</p><p>And finally, <strong>OCBC Ltd</strong> (SGX: O39) was the last to announce its results and impressed with a 34% year-on-year increase in net profit to S$1.7 billion for the quarter.</p><p>With all three banks announcing stellar results, which should investors pick for their portfolio?</p><p>We compare all three blue-chip banks on various metrics to try and figure this out.</p><h2 id=\"id_3278489360\">Financials</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdc506dff78cf8406d16d98a2046d319\" tg-width=\"793\" tg-height=\"272\"/></p><p>Starting with the financials for each lender, all three banks saw total income shoot up sharply because of higher NII brought about by higher interest rates.</p><p>Consequently, profit before allowances also rose sharply as expenses rose less than total income.</p><p>However, DBS is the leader here as it logged the strongest year-on-year rise in total income.</p><p>Singaporeās largest bank also clocked up the best year-on-year increase in net profit of 44.8%.</p><p><strong>Winner: DBS</strong></p><h2 id=\"id_1377416138\">Net interest margin and loan growth</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79477a03c1c63aa74fac723d446ed2d5\" tg-width=\"795\" tg-height=\"301\"/></p><p>Next, we look at the banksā NIMs and the growth of their loan books.</p><p>All three banks saw their loan books shrink year on year as high interest rates begin to bite, causing individuals and businesses to become hesitant to take on more debt.</p><p>DBS saw the worst fall of the three at 2.1% while OCBC experienced the gentlest decline at just 0.3%.</p><p>For NIM, OCBC is the clear winner with the highest NIM of the three at 2.26%.</p><p>However, DBS managed to chalk up the highest increase in its NIM on a year-on-year basis at 0.58 percentage points.</p><p>It was also the only bank to report a quarter-on-quarter increase in NIM, going from 2.12% to 2.16%.</p><p>DBSā CEO Piyush Gupta also believes there could be more upside to NIMs as 20% of DBSā commercial book has yet to reprice while the US central bank seems intent on further raising interest rates to combat inflation.</p><p>Despite these trends, OCBC still emerges as the winner with the lowest loan book decline while sporting the highest NIM.</p><p><strong>Winner: OCBC</strong></p><h2 id=\"id_1351176067\">Cost-to-income ratio</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4383cda61f9e7b866e9ca47dd96abe6a\" tg-width=\"802\" tg-height=\"217\"/></p><p>The cost-to-income ratio (CIR) measures the efficiency of a bankās operations by comparing its operating expenses with its total income.</p><p>A lower CIR is preferred as it means the bank is running more efficiently compared to its peers.</p><p>In this regard, DBS has the lowest CIR of the three at 38.3% but OCBC has come close with a CIR of 38.5%.</p><p>That said, DBS saw its CIR increase by just 0.02 percentage points from 1Q 2023 while OCBCās CIR jumped 0.14 percentage points.</p><p><strong>Winner: DBS</strong></p><h2 id=\"id_4004408791\">Non-performing loans ratio</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50c7a3777d878c04c30645388f47b5bb\" tg-width=\"793\" tg-height=\"216\"/></p><p>Now we come to the non-performing loans ratio, or NPL ratio, which measures the proportion of a bankās loans that may go sour.</p><p>A lower NPL ratio implies that the bank expects less of its loans to go bad and that its borrowers are doing fine.</p><p>Both DBS and OCBC are tied with an NPL ratio of 1.1%.</p><p><strong>Winner: DBS and OCBC (tie)</strong></p><h2 id=\"id_905563927\">Valuation</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2dd81b9e8cde1f6379e5578eefc6e23f\" tg-width=\"797\" tg-height=\"215\"/></p><p>When it comes to valuation, DBS has the highest price-to-book (PB) ratio by far at 1.57 times.</p><p>UOB, on the other hand, is trading just above its book value of S$28.26.</p><p>OCBC remains relatively cheap as well with a PB ratio of 1.15 times.</p><p><strong>Winner: UOB</strong></p><h2 id=\"id_3782561395\">Dividend yield</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca12364d870d7aab632db81d8cf5cf4e\" tg-width=\"796\" tg-height=\"271\"/></p><p>For dividend yield, we took the trailing 12-month dividend paid out by each lender but excluded any special, one-off dividends.</p><p>Using each bankās core dividend, OCBC had the highest dividend yield at 6.1% with DBS registering the lowest at 4.9%.</p><p>However, DBS had just upped its quarterly dividend from S$0.42 in 1Q 2023 to S$0.48 in the current quarter.</p><p>Hence, it has an annualised dividend of S$1.92 per share and its forward dividend yield stands at 5.6%.</p><p>Investors should note that with the strong results momentum, all three banks could raise their final dividends when they release their earnings in February 2024.</p><p><strong>Winner: OCBC</strong></p><h2 id=\"id_3148494557\">Get Smart: Considering other factors</h2><p>DBS and OCBC are tied with three winning factors each but investors need to consider other aspects to decide which bank to buy.</p><p>For instance, UOB expects to achieve an annualised revenue uplift of S$1 billion from its Citigroup acquisition and integration for 2023.</p><p>OCBC introduced a refreshed logo and has identified strategic initiatives to garner S$3 billion in incremental revenue from 2023 to 2025.</p></body></html>","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOCBC, UOB and DBS Reported Record Profits: Which One Should You Pick?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-09 09:43 GMT+8 <a href=https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is a tough decision but we line the three banks side by side to see which makes the best investment.Singapore BanksHigher interest rates have been a bane for the REIT sector and businesses with ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thesmartinvestor.com.sg/ocbc-uob-and-dbs-reported-record-profits-which-one-should-you-pick/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2358027076","content_text":"It is a tough decision but we line the three banks side by side to see which makes the best investment.Singapore BanksHigher interest rates have been a bane for the REIT sector and businesses with heavy debt loads.However, the three local banks have benefitted greatly from the surge in interest rates that has lifted their net interest margins (NIMs) and net interest income (NII).The trio have all reported record profits during the latest earnings season.United Overseas Bank (SGX: U11), or UOB, started the season with a 35% year-on-year rise in net profit for 2023ās second quarter (2Q 2023) excluding the integration costs from its acquisition of Citigroupās (NYSE: C) consumer banking franchise.DBS Group (SGX: D05) came along and reported a net profit of S$2.6 billion for 2Q 2023, up 45% year on year.And finally, OCBC Ltd (SGX: O39) was the last to announce its results and impressed with a 34% year-on-year increase in net profit to S$1.7 billion for the quarter.With all three banks announcing stellar results, which should investors pick for their portfolio?We compare all three blue-chip banks on various metrics to try and figure this out.FinancialsStarting with the financials for each lender, all three banks saw total income shoot up sharply because of higher NII brought about by higher interest rates.Consequently, profit before allowances also rose sharply as expenses rose less than total income.However, DBS is the leader here as it logged the strongest year-on-year rise in total income.Singaporeās largest bank also clocked up the best year-on-year increase in net profit of 44.8%.Winner: DBSNet interest margin and loan growthNext, we look at the banksā NIMs and the growth of their loan books.All three banks saw their loan books shrink year on year as high interest rates begin to bite, causing individuals and businesses to become hesitant to take on more debt.DBS saw the worst fall of the three at 2.1% while OCBC experienced the gentlest decline at just 0.3%.For NIM, OCBC is the clear winner with the highest NIM of the three at 2.26%.However, DBS managed to chalk up the highest increase in its NIM on a year-on-year basis at 0.58 percentage points.It was also the only bank to report a quarter-on-quarter increase in NIM, going from 2.12% to 2.16%.DBSā CEO Piyush Gupta also believes there could be more upside to NIMs as 20% of DBSā commercial book has yet to reprice while the US central bank seems intent on further raising interest rates to combat inflation.Despite these trends, OCBC still emerges as the winner with the lowest loan book decline while sporting the highest NIM.Winner: OCBCCost-to-income ratioThe cost-to-income ratio (CIR) measures the efficiency of a bankās operations by comparing its operating expenses with its total income.A lower CIR is preferred as it means the bank is running more efficiently compared to its peers.In this regard, DBS has the lowest CIR of the three at 38.3% but OCBC has come close with a CIR of 38.5%.That said, DBS saw its CIR increase by just 0.02 percentage points from 1Q 2023 while OCBCās CIR jumped 0.14 percentage points.Winner: DBSNon-performing loans ratioNow we come to the non-performing loans ratio, or NPL ratio, which measures the proportion of a bankās loans that may go sour.A lower NPL ratio implies that the bank expects less of its loans to go bad and that its borrowers are doing fine.Both DBS and OCBC are tied with an NPL ratio of 1.1%.Winner: DBS and OCBC (tie)ValuationWhen it comes to valuation, DBS has the highest price-to-book (PB) ratio by far at 1.57 times.UOB, on the other hand, is trading just above its book value of S$28.26.OCBC remains relatively cheap as well with a PB ratio of 1.15 times.Winner: UOBDividend yieldFor dividend yield, we took the trailing 12-month dividend paid out by each lender but excluded any special, one-off dividends.Using each bankās core dividend, OCBC had the highest dividend yield at 6.1% with DBS registering the lowest at 4.9%.However, DBS had just upped its quarterly dividend from S$0.42 in 1Q 2023 to S$0.48 in the current quarter.Hence, it has an annualised dividend of S$1.92 per share and its forward dividend yield stands at 5.6%.Investors should note that with the strong results momentum, all three banks could raise their final dividends when they release their earnings in February 2024.Winner: OCBCGet Smart: Considering other factorsDBS and OCBC are tied with three winning factors each but investors need to consider other aspects to decide which bank to buy.For instance, UOB expects to achieve an annualised revenue uplift of S$1 billion from its Citigroup acquisition and integration for 2023.OCBC introduced a refreshed logo and has identified strategic initiatives to garner S$3 billion in incremental revenue from 2023 to 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002996634,"gmtCreate":1641878126933,"gmtModify":1676533658337,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Iwould still make my best investment for OCBC bank . Still good price to buy ","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>Iwould still make my best investment for OCBC bank . Still good price to buy ","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Iwould still make my best investment for OCBC bank . Still good price to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002996634","isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202465547030568,"gmtCreate":1690446936418,"gmtModify":1690446939996,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Well done ! OCBC ","listText":"Well done ! OCBC ","text":"Well done ! OCBC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202465547030568","repostId":"2349684446","repostType":2,"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969855738,"gmtCreate":1668408250124,"gmtModify":1676538051911,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$ </a>","listText":"<a href=\"https://ttm.financial/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$ </a>","text":"$CITY DEVELOPMENTS LIMITED(C09.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969855738","isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008388432,"gmtCreate":1641360947079,"gmtModify":1676533606087,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Is Nio a good stock to accumulate and buy in at present situations ","listText":"Is Nio a good stock to accumulate and buy in at present situations ","text":"Is Nio a good stock to accumulate and buy in at present situations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008388432","isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001798657,"gmtCreate":1641312351968,"gmtModify":1676533596808,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Singapore stock going up š","listText":"Singapore stock going up š","text":"Singapore stock going up š","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001798657","isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003958388,"gmtCreate":1640859558699,"gmtModify":1676533548506,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Why is nio dropping so much š","listText":"Why is nio dropping so much š","text":"Why is nio dropping so much š","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003958388","isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000682676,"gmtCreate":1640151492297,"gmtModify":1676533503919,"author":{"id":"3582764354772355","authorId":"3582764354772355","name":"Catlim","avatar":"https://static.tigerbbs.com/d2c76e88dd6b2adc4e239fbc79700856","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3582764354772355","authorIdStr":"3582764354772355"},"themes":[],"htmlText":"Bank still a good pick as it still has dividends andpotential growth in long term investments ","listText":"Bank still a good pick as it still has dividends andpotential growth in long term investments ","text":"Bank still a good pick as it still has dividends andpotential growth in long term investments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000682676","isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}