Posted by Pinky > 6 days ago | Report Abuse

* Significant ASEAN regional exposure
* Stakes in Touch n Go and Principal Asset Management

Please welcome me to the club, just bought in today.😋

Posted by stkoay > 6 days ago | Report Abuse

Welcome to the Club

Posted by stkoay > 6 days ago | Report Abuse

I am also in the process of balancing MBB & CIMB :p

Posted by Mabel > 6 days ago | Report Abuse

https://www.theedgesingapore.com/capital/results/dbs-hits-milestone-100-billion-cap-record-1qfy2024-fed-stance

DBS Group Holdings has hit the milestone market cap of $100 billion after its share price gained this morning following yet another record net profit of $2.96 billion for the 1QFY2024 ended March 31, 15% higher y-o-y and 24% higher q-o-q.

The 1QFY2024 net profit is also well above a Bloomberg poll of $2.465 billion for the first quarter. While the year is still young, DBS may well meet and possibly beat FY2023's record-breaking $10 billion.

As at 9.16am, DBS shares changed hands at $35.92, up 3.01%, valuing the company at $102 billion.

Posted by yielder > 4 days ago | Report Abuse

is DBS safe to invest? most of the reits listed there is not performing. they may drag the banks down

Posted by enning22 > 3 days ago | Report Abuse

Jakarta. The Economic Research and Community Institute (LPEM) of the Faculty of Economics and Business (FEB) at the University of Indonesia (UI) has forecasted that economic growth for the first quarter of 2024 will range between 5.12 percent and 5.17 percent.

"In the first quarter of 2024, GDP is estimated to grow between 5.12 percent and 5.17 percent, and between 5 percent and 5.1 percent for the entire year, driven by domestic consumption and investment realization," said Teuku Riefky, a macroeconomics and financial market economist at LPEM FEB UI, in the Indonesia Economic Outlook Macro Analysis Series Quarter II 2024 report received on Sunday.

Despite a robust first-quarter investment, totaling Rp 401.5 trillion, a 22.1 percent year-on-year (yoy) increase, the trade balance experienced a decline. The trade surplus fell to $7.34 billion in the first quarter of 2024, a 39.4 percent decrease from the same period last year.

Meanwhile, the 2024 elections, accompanied by several long holiday periods, have the potential to boost overall consumption. Furthermore, the seasonal celebration of Ramadan could further drive economic growth.

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"On the other hand, investment realization far exceeding the target reflects investors' confidence in Indonesia's current economic prospects," explained Riefky.

Finance Minister Sri Mulyani Indrawati predicted that economic growth in the first quarter of 2024 would reach 5.17 percent. The performance of economic growth in the first quarter of 2024 is still supported by household consumption.

However, it is hampered by the performance of exports and imports, which often face contractions due to the impact of global economic turmoil.

Sri Mulyani stated that with good performance from consumers, manufacturing, foreign direct investment (FDI), and the Purchasing Managers' Index (PMI), the prediction for the first quarter of 2024 will see growth at 5.17 percent.

"In January-March 2024, we estimate that it will still remain above 5 percent. However, we are cautious about the turbulence occurring in the global economy," said Sri Mulyani.

Posted by Mabel > 3 days ago | Report Abuse

yielder is DBS safe to invest? most of the reits listed there is not performing. they may drag the banks down
05/05/2024 2:21 PM

Why not?

DBS Group Holdings Ltd (SGX: D05) showcases robust Q1 FY2024 performance, with a 15% YoY surge in net profit, hinting at surpassing FY2023's S$10 billion profit milestone.

Posted by Mabel > 3 days ago | Report Abuse

An interim dividend of 54 cents has been declared.

Posted by vinvin > 2 days ago | Report Abuse

Why Singapore share? Too expensive with the exchange rate!

Posted by yielder > 2 days ago | Report Abuse

the issue is most of the government linked companies are not doing well, and these banks are highly exposed to Reit. if any serious downturn, there may be large defaults

Posted by speakup > 2 days ago | Report Abuse

Who cares about fundamentals in a Bull market?

Posted by Pinky > 2 days ago | Report Abuse

REITs borrow money from banks and sometimes by going direct to capital markets

High finance costs eat into their NPI, but they are still making money i.e. profitable

No problem to banks, unless you start seeing REITs getting worryingly low occupancy rates and tenancy retention. Not seeing that yet.

Posted by enning22 > 2 days ago | Report Abuse

for all market trends ,whether bullish or bearish ,they are determined by underlying fundamentals, and intrinsic values.

Posted by speakup > 2 days ago | Report Abuse

U never heard of the saying "A rising tide raises all boats"?

Posted by enning22 > 2 days ago | Report Abuse

a tsunami can sink all all boats, especially those with weak fundamentals

Posted by troy88 > 2 days ago | Report Abuse

Congrats to holders. RM7+ coming!

Posted by Pinky > 2 days ago | Report Abuse

if CIMB is "weak fundamental", many can go into longkang d hahahahaha

Posted by speakup > 2 days ago | Report Abuse

Nobody say cimb poor fundamentals. Read the thread properly

Posted by stkoay > 1 day ago | Report Abuse

Getting volatile leh, till don't know what price to Q.... :p

Posted by speakup > 1 day ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/05/07/stop-dealing-with-israel-friendly-firms-bds-msia-urges-govt/

Posted by DGxSignals > 2 hours ago | Report Abuse

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