I would love to have 20cts per quarter from DBS. But has DBS ever given out 20cts per quarter in the past (historically) ?
incirent ( Date: 08-Jan-2010 01:51) Posted:
Dividends of 14 cents per 1/4 for the past few sessions is very disappointing. Come February 5/2010 will be the final result for the year ending December, 2009. Hopefully, it will resume the payment of, at least, 20 cents.
Now that the Burg saga is about to be over and the recession around the world is disappearing gradually. Lending in Singapore both business and private are picking up, there might be some goody in the near future. This stock has the potential to rise very much higher. Hope it will come sooner than later.
Anyone wishes to comment on this is very much welcome.
Don't know how the minibond investors are responding to their pursuit of compensation? Has DBS settled the Lehman case? How much compensation to be paid or paid, can anyone give the info?
Dividends of 14 cents per 1/4 for the past few sessions is very disappointing. Come February 5/2010 will be the final result for the year ending December, 2009. Hopefully, it will resume the payment of, at least, 20 cents.
Now that the Burg saga is about to be over and the recession around the world is disappearing gradually. Lending in Singapore both business and private are picking up, there might be some goody in the near future. This stock has the potential to rise very much higher. Hope it will come sooner than later.
Anyone wishes to comment on this is very much welcome.
This counter used to be the highest priced among the 3 local banks. OCBC had since given 1 for 1 bonus and rights, was the smallest bank but look at the share price of the local banks now. When there is bad news, DBS is associated. Lehman and now Dubai, which investors don't know exactly how much they are hit - remember in the Lehman case they had to up the amount from their previous disclosure? Major Hong Kong banks all have settled the Lehman cases and moved on with creating value for their investors but DBS stubbornly refuses to come to a settlement with its clients who were misled, has court cases hanging overhead both in Singapore and HK. Penny wise pound foolish! Management waiting for HK government or Legco to come down hard on them before they will wake up? Meantime credibility is badly hit. Who dares to chase this counter with dark clouds overhead. It could have been number 1! If we have better management, the price will recover.
zzzzzzz ( Date: 05-Dec-2009 12:13) Posted:
I like this blue chip, got potential to make some money if hold mid term. Good Luck! Cheong ah!
Now Abu helped Dubai, doubt about DBS is gone right? Why it didnt cheong today? Any other overriding reasons? Graph is healthy, didnt hear bad news, hmmm.....
SINGAPORE, Nov 20 (Reuters) - Singapore's largest lender, DBS Group (DBSM.SI), will be in the spotlight on Friday after RBS upgraded its recommendation on the stock to buy from hold and raised its target price to S$18 ($12.97) from S$14 previously.
Cal san, your remarks on the other kings' mockery towards this issue is no doubt highly possible and the examples you gave were probable development if the world economy comes to a standstill. Dubai's fast progress towards world class is just like a car moving at high speed...any obstacles will definitely result in a bumpy ride...but because of the momentum it has developed...minor obstruction will not be sufficient to inflict any resistance...unless it is a solid wall...which is a serious economy downturn...with great thickness...which lasts for an intensive period of time.
At this moment and the coming years, I do not forsee Dubai losing its attraction to investors. Well...some may want to link 2012 into the picture...which is totally absurd...and I will rather not talk about it.
SINGAPORE, 30 November 2009 - DBS said today its total exposure to the city-state of Dubai is approx SGD1.8 billion (USD1.28 billion). The bank believes that the situation is manageable as a substantial portion of this is to Dubai owned companies operating in Asia that are sound, such as Labroy and South Beach, which is collateralised.
As of today, the only credit that is captured under the standstill notice is a SGD558 million (USD400 million) bilateral loan to Dubai World Finance which represents 0.2% of DBS’ total balance sheet. The bank has no exposure to Nakheel.
DBS' exposure to the entire Middle East region accounts for around 2% of its balance sheet.
Presuming the standstill loan of SGD 558 Mil can only recover 50%
Bad debt Provision= 279 Mil
Total Shares= 2.282 Bil
Current Share Price= SGD 15.00
The share price effect= 279000000/2282000000
= -.12 SGD
Adjusted Price = 14.88 SGD
Calculation ( Date: 02-Dec-2009 02:29) Posted:
Dubai City may not collapse, but Dubai World will have big troubles over the next several years. It is loaded with huge debts and its expensive white elephants are not likely to generate sufficient revenue to finance operations. Foreigners are leaving and tourists are not expected to arrive anytime soon. Any buyer willing to take over the white elephants is going to squeeze Dubai World hard. Yes, all Arabs are brothers; but can an ounce of gold be traded for an ounce of copper? I would be very surprised if Dubai's neighbourhood kings are not laughing in the privacy of their palaces.
senecus ( Date: 01-Dec-2009 23:03) Posted:
There is no reason to get so hype up on this announcement......if Dubai is going to default on the payment...the whole country is going to collapse...will Dubai collapse?...Lehman Brothers is a PLC...they run their own business and not connected to the US states affair...Lehman Brothers is not able to sell bonds with US attached...but Dubai World is running on behalf of Dubai and very well connected to the states affair......see the difference......well, the Dubai officials can say whatever crap they want...but one thing is certain...Dubai have to pay up...this concern the future of Dubai......if Dubai World can default on payment...and run away with it...other countries can follow suit as well...example like Ministry of Trade...using their countries name to lure investors to pump in money and then default the payment...if all countries do this, the whole world will be in chaos.
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