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Er where is DBS? Too risky now willing to pay huge premium in the future?

http://www.businesstimes.com.sg/premium/...s-20141002

PUBLISHED OCTOBER 02, 2014
OCBC, UOB and 7 others get Myanmar banking permits
They have to comply with central bank requirements before obtaining final licence
BYCLAIRE HUANG
huangjy@sph.com.sg @ClaireHuangBT

OCBC Bank and United Overseas Bank (UOB) have been granted a foreign bank licence to operate in Myanmar.
They are among the nine foreign banks that received preliminary approval on Wednesday from the Central Bank of Myanmar to prepare for the start of banking operations there.
The others are: Australia and New Zealand Banking Group, Bangkok Bank, Industrial and Commercial Bank of China, Malayan Banking Berhad, and Japan's three largest banks - Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Sumitomo Mitsui Banking Corporation.
Every licence allows each bank up to 12 months to prepare for the opening of one branch in Yangon. The banks have to comply with requirements set by the central bank, among other things, before the central bank grants the final licence.

http://www.businesstimes.com.sg/companie...te-banking

DBS wins top awards for private banking
BT_20141031_VSPRIVATE31_1345650.jpg Ms Tan was recognised as the world's Best Leader in Private Banking at the PWM awards
31 Oct5:50 AM
DBS Bank's group head of consumer banking and wealth management, Tan Su Shan, was recognised as the world's Best Leader in Private Banking at the PWM Global Private Banking Awards 2014, a first for a Singaporean. DBS also beat out other banks in the world to be named the Best Private Bank in Use

http://www.businesstimes.com.sg/companie...7-at-s101b

DBS Q3 profit up 17% at S$1.01b
Boost comes from higher margins and strong fee and trading income growth

By
Siow Li Senlisen@sph.com.sg@SiowLiSenBT
26321592.jpg DBS Group Holdings posted robust third-quarter results on Friday with net profit rising 17 per cent from a year ago to S$1.01 billion, helped by higher margins and strong growth in fee and trading income. PHOTO: SPH
1 Nov5:50 AM
Singapore

DBS Group Holdings posted robust third-quarter results on Friday with net profit rising 17 per cent from a year ago to S$1.01 billion, helped by higher margins and strong growth in fee and trading income. Compared to the second quarter, net profit was 4 per cent higher for South

http://www.businesstimes.com.sg/companie...ages-gupta

Bank not seeing stress in Singapore mortgages: Gupta
By
Siow Li Senlisen@sph.com.sg@SiowLiSenBT
26321591.jpg DBS Group Holdings is not seeing any stress in its Singapore mortgage book, said its chief executive Piyush Gupta. PHOTO: SPH
1 Nov5:50 AM
Singapore

DBS Group Holdings is not seeing any stress in its Singapore mortgage book, said its chief executive Piyush Gupta.

The bank's non-performing loans (NPLs) for housing stood at S$110 million as at Sept 30, unchanged from June 30, but down from S$119 million a year ago.

http://www.businesstimes.com.sg/companie...s-says-ceo

DBS keen on RBS's Coutts, says CEO
By
Siow Li Senlisen@sph.com.sg@SiowLiSenBT
24696214.jpg DBS Group Holdings is interested in buying Coutts International, the non-UK private banking business of the Royal Bank of Scotland (RBS). PHOTO: SPH
1 Nov5:50 AM
Singapore

DBS Group Holdings is interested in buying Coutts International, the non-UK private banking business of the Royal Bank of Scotland (RBS).

"We will take a look at Coutts when it comes on the block," said DBS chief executive Piyush Gupta on Friday. Goldman Sachs has been

DBS awaits local debut

SINGAPORE’S largest bank is awaiting regulatory approval to set up an Australian operation as it expands across Asia and the Pacific.

DBS Bank, which booked a $S3.50 billion ($3.16bn) profit last year, has already extended loans to a handful of blue-chip corporates as well as funding a number of high-profile infrastructure deals, including the $1.75bn Port of Newcastle acquisition earlier this year by Hastings Funds Management and China Merchants. The Singaporean heavyweight also participated in the lending syndicate to the $5.07bn privatisation of Port Kembla and Port Botany, which was bought by a consortium comprised of three Australian companies, Industry Funds Management, AustralianSuper and QSuper, as well as Tawreed Investments, a subsidiary of the Abu Dhabi government.

DBS corporate clients are understood to include Lend Lease as well as Toll Holdings and Origin Energy.

As The Australian revealed last month, Origin is in the midst of a $6.6bn refinancing deal that involves close to 30 different lenders. The new terms of its facility are expected to be finalised by the end of the year.

A physical footprint in Australia will allow DBS, which operates in 17 countries, to build on its existing operations.

Its foray into the market mirrors ANZ’s move into Asia. The Australian bank, headed by Mike Smith, is targeting aggressive growth rates in the region and recently appointed Huang Xiaoguang, the former president of Bank of America in China and president of Citibank China, to run its China business.

DBS declined to comment on its Australian push but sources claimed the bank would continue its focus on corporate banking.

A greater drive into what the bank terms “affluent banking” or wealth management may also be on the cards given it has pursued this strategy in other markets.

DBS has been bolstering its reach in the region, mainly to provide services for Singaporean and Chinese clients.

Sources said DBS had tapped Helen Yap, the former Australian general manager for Singapore-based OCBC Bank, to head the local operation, which could begin with one branch in Sydney.

DBS forged into Hong Kong in 1999, and has grown steadily since then to manage assets of more than $HK300bn ($45bn).

sidetrack abit. anyone knows where i can get dbs' circular on their acquisition of dao heng. i wanted to look at their ifa report actually (if they have any, not sure whether back in 2001 got such thing or not).

tried googling for 2001 dated pdf articles but to no avail. grateful if anyone can help.

I'm not too familiar with banks, never looked at them because of the lot size rule. However, recently I noticed OCBC, DBS and UOB trade at very different PE levels. That brings me to my question:

How do you guys value banks/financial institutions?

Banks are the flight to quality in big cap stocks following the recent selloff of Offshore & Marine stocks alongside with the underweighting of property stocks for a while.

Globally, I think there continues to be focus on dividend yielding stocks not withstanding their low but certain growth rates in view of the almost non-existent global economic growth.

This will help explain the expansion in the ratings for banks as a whole. Frankly, Singapore banks outlook is likely to be as poor once the lagged impact of domestic economic outlook filters through.

(05-12-2014, 01:18 PM)LocalOptimal Wrote: [ -> ]I'm not too familiar with banks, never looked at them because of the lot size rule. However, recently I noticed OCBC, DBS and UOB trade at very different PE levels. That brings me to my question:
How do you guys value banks/financial institutions?

DBS bank is doing well...

DBS Group Holdings posts better than expected earnings of $1.12 bil, up 15% on year

SINGAPORE (July 27): DBS Group Holdings ( Financial Dashboard) posted a 15% rise in earnings to $1.12 billion for the 2Q15 ended June.

This beats Bloomberg’s consensus earnings estimate of $1.057 billion as well as highest forecast of $1.11 billion from analysts polled.
...
http://www.theedgemarkets.com/sg/article...il-15-year

The 1.625% secured US$ bond, is selling like a hot cake...

DBS issues US$1 bil covered bonds

SINGAPORE (July 30): DBS Bank ( Financial Dashboard) has priced the issue of US$1 billion ($1.37 billion) fixed rate covered bonds due 2018.

This is the banking and financial group's first issue under its US$10 billion global covered bond programme established on June 16, 2015, DBS says in a statement today.

According to DBS, the covered bonds will bear a fixed coupon of 1.625% per annum payable semi-annually in arrear.

This is equal to a spread of 37 basis points over mid-swaps, which is well below the level for new senior unsecured US dollar debt issues by bank issuers of similar rating to DBS, it says.

Thus far, the issue has attracted orders worth about US$1.37 billion from over 40 investors, with banks anchoring the order book and accounting for 62% of orders.

DBS says it has received orders across 16 countries with 51% of it coming from Asia.
...
http://www.theedgemarkets.com/sg/article...ered-bonds

Toxic financial weapon of mess destructions... Lehman?

(30-07-2015, 11:05 AM)CityFarmer Wrote: [ -> ]The 1.625% secured US$ bond, is selling like a hot cake...

DBS issues US$1 bil covered bonds

SINGAPORE (July 30): DBS Bank ( Financial Dashboard) has priced the issue of US$1 billion ($1.37 billion) fixed rate covered bonds due 2018.

This is the banking and financial group's first issue under its US$10 billion global covered bond programme established on June 16, 2015, DBS says in a statement today.

According to DBS, the covered bonds will bear a fixed coupon of 1.625% per annum payable semi-annually in arrear.

This is equal to a spread of 37 basis points over mid-swaps, which is well below the level for new senior unsecured US dollar debt issues by bank issuers of similar rating to DBS, it says.

Thus far, the issue has attracted orders worth about US$1.37 billion from over 40 investors, with banks anchoring the order book and accounting for 62% of orders.

DBS says it has received orders across 16 countries with 51% of it coming from Asia.
...
http://www.theedgemarkets.com/sg/article...ered-bonds