Maybank is a gems...

Maybank will report the next QR on the 28th of August. Time for benchmarking Maybank with Temasek Largest Banks

Singapore Banks’ Revenue:
DBS: Increased by 0.4% YoY to SGD 3,399 million
OCBC: Increased by 1.8% YoY to SGD 2,380 million
UOB: Decreased by 0.6% YoY to SGD 2,394 million

Dividends Declared by Singapore Banks for 1H 2024:
DBS:
1Q 2024: SGD 0.42 per share
2Q 2024: SGD 0.48 per share
Total for 1H 2024: SGD 0.90 per share.
OCBC: 1H 2024: SGD 0.40 per share.
UOB: 1H 2024: SGD 0.85 per share.

Expected Dividends by Malaysian Banks for 1H 2024:
Maybank:
First Interim Dividend: RM 0.29 per share in March 2024.
Second Interim Dividend: RM 0.31 per share in March 2024.
Total for 1H 2024: RM 0.60 per share.
CIMB:
Special Dividend: 7.00 sen per share declared in March 2024.
Second Interim Dividend: 18.50 sen per share declared in March 2024.
BIMB:
Second Interim Dividend: 4.22 sen per share declared in March 20245

It will be interesting to see how they compare when the results are announced next week.

To Our Success !

Meow

The FKLI took out two of our previous resistance levels yesterday, indicating that the bulls have gained the upper hand. The FKLI will continue to display choppy behavior in the near term as it works to establish a new base after its recent breakouts.

pang72 As a whole, banking up is bull..
So, let's wait for 1st liner taiko mbb and cimb have a rest because week of bullish... for past 4 weeks..

2nd liner banking in focus now!
20/08/2024 3:39 PM

Indeed. Very stable..

BIMB also did great this week and today it continue to climb by another 1.49%

As for YTLP, today is a very good day to collect at bargain price as it went down more than 9%..

The switching to bank make a purrfect entry to collect back YTLP after locking profits in early July to BUY Banks Stocks...

To Our Success !

Meow Meow Meow

Good Sharing OTB...

Agreed..

In the 2024 Paris Olympics, both the United States and China performed exceptionally well. They tied for the most gold medals, each winning 40. The United States, however, led the overall medal count with a total of 126 medals (40 gold, 44 silver, and 42 bronze), while China secured 91 medals in total (40 gold, 27 silver, and 24 bronze).

The competition between these two nations was intense, coming down to the final events of the Games. The U.S. clinched its 40th gold medal in women’s basketball, securing a tie with China

The possibility of China causing the United States to lose the 2028 Olympics in Los Angeles is always there when the intention is clear and when the Needs out class the Wants..

If China can do it so can Malaysia!

Very good closing at RM 3.860

Thank you so much YTLP Operators..

You are the Best !

Really Good day to collect at bargain price...

Previously, technical analysis-oriented investors were skeptical about YTL Power's stock price trajectory, citing the formation of a bearish Double Top pattern. This classic technical pattern usually signals the end of an upward trend, suggesting that the market could reverse from bullish to bearish.

While the Double Top pattern typically points to a potential decline, YTL Power's stock price has already accounted for this negative outlook. After breaking the neckline on August 2, this blue-chip utility stock quickly hit the Double Top's downside target within just two days ...

Looking forward, YTL Power's stock price has recently found robust support following a sharp decline, ...

In summary, after a significant drop, YTL Power has established a strong support level …

Resistance: 4.625
Support: 3.905"

Meow

Haha those were the days Sifu Mickey...

Now Mabel has leaned a lot from you...

To Our Success!

Meow

# LY Hoh Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.
19/08/2024 5:13 PM

Sapura Energy Berhad’s Net Tangible Asset Backing (NTAB) is actually -0.2300. This negative NTAB indicates that the company’s liabilities exceed its tangible assets.

Sapura is currently undergoing the biggest in corporate restructuring exercise in the history of Corporate Malaysia due to long term legacies contract awarded during TS Sharil’s time with risk taken by contractors. Right now they are Renegotiate all bad contract beside completing those projects.

As Mabel shared earlier, to turn around this National Treasure into a viable company, Sapura Energy needs to focus on several key strategies based on our recent AGM:

PN17 Progress: Company Turnaround Efforts are underway to turn the company around. The company is on track to exit PN17 next year. Key steps include debt restructuring, a solid business plan, and securing 75% lender support for PRS.

White Knight Support: White Knights remain committed with letter received in Feb this year, providing significant assistance while remaining anonymous. A regulation plan will be submitted to Bursa for approval by year-end.

Challenges: Despite facing a substantial debt of 10.8 billion with banks, credit facility suspensions, industry downturn, and contractor risks, the company has secured financial support from lenders and vendors.

Operational Focus: The focus now shifts to margin improvement rather than top-line growth. Positive results are expected in subsequent quarters. SAP transform from negative cash flow has now generated more than 1.5 billion positive cash flow.

2024 Outlook: Despite geopolitical and supply chain challenges, new contracts are anticipated to boost cash flow and working capital. Total Project bids is worth RM 23 Billion with RM 7 Billion Order Booked. Imagine if they have secured the bank guarantee, they would have taken in more than RM 10 billion contracts across the Globe..

To Our Success to save this National Treasures!

Meow

Mun Peng MYR strengthening against SGD, they scored record profits was partly due to SGD being strong previously.
19/08/2024 9:44 PM

Indeed Mun Peng...

The Malaysian Ringgit (RM) has been performing well against the US Dollar (USD) recently. Over the past month, it has appreciated by 6.2% against the USD and has recovered 7.79% from its low earlier this year.

If the Federal Reserve decides to lower interest rates in September, it could potentially weaken the USD, making the RM stronger in comparison. Lower interest rates in the US typically lead to a weaker dollar because investors might seek higher returns elsewhere, including in emerging markets like Malaysia. This could further boost the RM’s performance.

With the GDP Forecast being revised upward, we will get there..

To Our Success !

Meow Meow Meow

OTB The actual Q2 2024 GDP growth announced today is 5.9%.
This high GDP growth is the highest in the Asian region.

I believe this high GDP growth announcement today will help to move up the KLSE stock market as a whole.
I believe 2H2024, KLSE will perform better than 1H2024.

Good luck.
Thank you.
16/08/2024 1:56 PM

+1 just to add Sifu OTB...

The highest point for FBMKLCI index in 1H2024 is 1,638 and today it closed at 1648. In 2013, the GDP growth was only 4.69%, the FBMKLCI index closed at 1,867.

The actual Q2 2024 GDP growth announced last week is 5.9%. Given the strong Q2 2024 GDP growth of 5.9%, which is the highest in the Asian region, the positive momentum could continue.

Historically, the stock market tends to anticipate economic performance by 6 months to a year. With the current economic indicators and investor sentiment, it’s possible that the FBM KLCI could continue to rise. Analysts often look at various factors, including corporate earnings, global economic conditions, and investor sentiment, to predict future movements.

If the Federal Reserve lowers interest rates, it could further boost global equity markets, including the FBM KLCI. However, it’s important to remain cautious as market conditions can change rapidly.

Given the current trajectory and economic conditions, it’s plausible that the FBM KLCI could aim for levels closer to its historical highs, potentially reaching or even surpassing 1,700 by the end of the year, depending on how these factors play out.

https://www.nst.com.my/business/corporate/2024/06/1060340/analysts-raise-their-year-end-targets-fbm-klci-1700-1750-points

To Our Success!

Meow

#dragon328 Rotational plays by foreign funds is one of the reasons, today they have switched to banking stocks very obviously.

Another reason for the drop in YTLP shares is likely due to rampant short selling activities. RSS on YTLP increased by another 1.1 million shares today, bringing total NSP to over 18m shares.

I expect most of these short positions to be closed out once Q4 result is out.
19/08/2024 5:16 PM

Touche dragon...

One man’s poison is another woman’s meat...

Mabel is so apy with today's collection..

To Our Success !

Meow

The_JQuestion ringgit is so bullish ...... i reckon it will reach 4.2 or even below at the END of the year. noone foresee it that good , good for cap A and its plans together with AAX. HOLD , good times and amazing FUTURE is coming !!
15/08/2024 5:18 PM

Yes Sir!!!

Now you know why our Capital A soooo steady..

The Malaysian Ringgit (RM) has been performing well against the US Dollar (USD) recently. Over the past month, it has appreciated by 6.2% against the USD and has recovered 7.79% from its low earlier this year.

If the Federal Reserve decides to lower interest rates in September, it could potentially weaken the USD, making the RM stronger in comparison. Lower interest rates in the US typically lead to a weaker dollar because investors might seek higher returns elsewhere, including in emerging markets like Malaysia. This could further boost the RM’s performance.

With the GDP Forecast being revised upward, we will get there..

To Our Success !

Meow Meow Meow

#Yezzy99108 just doesn't feel right, Mother keep going up & son YTLP keep dropping daily.
Normally Mother & Son will move parallel
19/08/2024 12:04 PM

It should follow. Mabel Yinson Mother and Son both move in tandem with each others. Both have been climbing since last week..

Haha anyway, some nice Uncles and Aunties matched Mabel's queue for YTL Power at RM 4.32,RM 4.31 and RM 4.30...

Thank you so much allowing Mabel to re-enter after locking profit in early July to buy Maybank, CIMB and BIMB shares..

Loves YTLP Operators..

Looking forward for another exciting QR!

To Our Success !

Meow Meow Meow

Meow Meow Meow

Meow Meow Meow

Meow Meow Meow

Moving forward…

Time for our plantation to break new frontiers to cover these 52% increase in Production cost. Beside CPO, Plantations can be potentially significant renewable energy players in mid to long to long term. Palm oil wastes to energy, vast landbank for solar energy, CPO for biodiesel like B20 and B60 etc ,

Johnzhang Plantations can be potentially significant renewable energy players in mid to long to long term . Palm oil wastes to energy, vast landbank for solar energy, CPO for biodiesel etc ,
15/06/2024 12:46 PM

+1

Moving forward…

Time for our plantation to break new frontiers to cover these 52% increase in Production cost. Beside CPO, Plantations can be potentially significant renewable energy players in mid to long to long term. Palm oil wastes to energy, vast landbank for solar energy, CPO for biodiesel like B20 and B60 etc ,

Moving forward…

Time for our plantation to break new frontiers to cover these 52% increase in Production cost. Beside CPO, Plantations can be potentially significant renewable energy players in mid to long to long term. Palm oil wastes to energy, vast landbank for solar energy, CPO for biodiesel like B20 and B60 etc ,

Moving forward…

Time for our plantation to break new frontiers to cover these 52% increase in Production cost. Beside CPO, Plantations can be potentially significant renewable energy players in mid to long to long term. Palm oil wastes to energy, vast landbank for solar energy, CPO for biodiesel like B20 and B60 etc ,

Moving forward…

Time for our plantation to break new frontiers to cover these 52% increase in Production cost. Beside CPO, Plantations can be potentially significant renewable energy players in mid to long to long term. Palm oil wastes to energy, vast landbank for solar energy, CPO for biodiesel like B20 and B60 etc ,

Malaysian palm oil exports and inventory levels in July surpassed market expectations, with robust exports contributing to a reduction in stockpiles. Exports surged by 39.9% month-on-month. This increase was primarily due to higher orders from key importing countries, such as India and China, for July shipments. Palm oil production has resumed its upward trend, rising 14.0% month-on-month in July to 1.84 million tonnes, signaling the onset of the seasonal high-production phase.

Kenanga also maintains a Neutral outlook with a strong upside catalysts, such as CPO prices surging to trade between RM4,000 - RM4,500

Let’s look at the general gross profit for Crude Palm Oil (CPO) in Malaysia and Indonesia.

Malaysia
Gross Profit: The gross profit for Malaysian CPO producers can vary, but it generally ranges from RM 1,500 to RM 2,000 per tonne. This is based on production costs of around RM 2,000 per tonne and average CPO prices ranging from RM 3,500 to RM 4,000 per tonne.

Indonesia
Gross Profit: Indonesian CPO producers typically enjoy higher gross profits due to lower production costs. The gross profit generally ranges from USD 400 to USD 600 per tonne. This is based on production costs of around USD 300 per tonne and average CPO prices ranging from USD 700 to USD 900 per tonne.

As you can see the Indonesian Farmers are happily dancing while the Malaysian Farmers will need to monitor their production cost with the 52% increase in Diesel Price in Peninsular Malaysia. Hopefully the volume in revenue can cover this cost.

Malaysian palm oil exports and inventory levels in July surpassed market expectations, with robust exports contributing to a reduction in stockpiles. Exports surged by 39.9% month-on-month. This increase was primarily due to higher orders from key importing countries, such as India and China, for July shipments. Palm oil production has resumed its upward trend, rising 14.0% month-on-month in July to 1.84 million tonnes, signaling the onset of the seasonal high-production phase.

Kenanga also maintains a Neutral outlook with a strong upside catalysts, such as CPO prices surging to trade between RM4,000 - RM4,500

Let’s look at the general gross profit for Crude Palm Oil (CPO) in Malaysia and Indonesia.

Malaysia
Gross Profit: The gross profit for Malaysian CPO producers can vary, but it generally ranges from RM 1,500 to RM 2,000 per tonne. This is based on production costs of around RM 2,000 per tonne and average CPO prices ranging from RM 3,500 to RM 4,000 per tonne.

Indonesia
Gross Profit: Indonesian CPO producers typically enjoy higher gross profits due to lower production costs. The gross profit generally ranges from USD 400 to USD 600 per tonne. This is based on production costs of around USD 300 per tonne and average CPO prices ranging from USD 700 to USD 900 per tonne.

As you can see the Indonesian Farmers are happily dancing while the Malaysian Farmers will need to monitor their production cost with the 52% increase in Diesel Price in Peninsular Malaysia. Hopefully the volume in revenue can cover this cost.

Malaysian palm oil exports and inventory levels in July surpassed market expectations, with robust exports contributing to a reduction in stockpiles. Exports surged by 39.9% month-on-month. This increase was primarily due to higher orders from key importing countries, such as India and China, for July shipments. Palm oil production has resumed its upward trend, rising 14.0% month-on-month in July to 1.84 million tonnes, signaling the onset of the seasonal high-production phase.

Kenanga also maintains a Neutral outlook with a strong upside catalysts, such as CPO prices surging to trade between RM4,000 - RM4,500

Let’s look at the general gross profit for Crude Palm Oil (CPO) in Malaysia and Indonesia.

Malaysia
Gross Profit: The gross profit for Malaysian CPO producers can vary, but it generally ranges from RM 1,500 to RM 2,000 per tonne. This is based on production costs of around RM 2,000 per tonne and average CPO prices ranging from RM 3,500 to RM 4,000 per tonne.

Indonesia
Gross Profit: Indonesian CPO producers typically enjoy higher gross profits due to lower production costs. The gross profit generally ranges from USD 400 to USD 600 per tonne. This is based on production costs of around USD 300 per tonne and average CPO prices ranging from USD 700 to USD 900 per tonne.

As you can see the Indonesian Farmers are happily dancing while the Malaysian Farmers will need to monitor their production cost with the 52% increase in Diesel Price in Peninsular Malaysia. Hopefully the volume in revenue can cover this cost.

Malaysian palm oil exports and inventory levels in July surpassed market expectations, with robust exports contributing to a reduction in stockpiles. Exports surged by 39.9% month-on-month. This increase was primarily due to higher orders from key importing countries, such as India and China, for July shipments. Palm oil production has resumed its upward trend, rising 14.0% month-on-month in July to 1.84 million tonnes, signaling the onset of the seasonal high-production phase.

Kenanga also maintains a Neutral outlook with a strong upside catalysts, such as CPO prices surging to trade between RM4,000 - RM4,500

Let’s look at the general gross profit for Crude Palm Oil (CPO) in Malaysia and Indonesia.

Malaysia
Gross Profit: The gross profit for Malaysian CPO producers can vary, but it generally ranges from RM 1,500 to RM 2,000 per tonne. This is based on production costs of around RM 2,000 per tonne and average CPO prices ranging from RM 3,500 to RM 4,000 per tonne.

Indonesia
Gross Profit: Indonesian CPO producers typically enjoy higher gross profits due to lower production costs. The gross profit generally ranges from USD 400 to USD 600 per tonne. This is based on production costs of around USD 300 per tonne and average CPO prices ranging from USD 700 to USD 900 per tonne.

As you can see the Indonesian Farmers are happily dancing while the Malaysian Farmers will need to monitor their production cost with the 52% increase in Diesel Price in Peninsular Malaysia. Hopefully the volume in revenue can cover this cost.

Malaysian palm oil exports and inventory levels in July surpassed market expectations, with robust exports contributing to a reduction in stockpiles. Exports surged by 39.9% month-on-month. This increase was primarily due to higher orders from key importing countries, such as India and China, for July shipments. Palm oil production has resumed its upward trend, rising 14.0% month-on-month in July to 1.84 million tonnes, signaling the onset of the seasonal high-production phase.

Kenanga also maintains a Neutral outlook with a strong upside catalysts, such as CPO prices surging to trade between RM4,000 - RM4,500

Let’s look at the general gross profit for Crude Palm Oil (CPO) in Malaysia and Indonesia.

Malaysia
Gross Profit: The gross profit for Malaysian CPO producers can vary, but it generally ranges from RM 1,500 to RM 2,000 per tonne. This is based on production costs of around RM 2,000 per tonne and average CPO prices ranging from RM 3,500 to RM 4,000 per tonne.

Indonesia
Gross Profit: Indonesian CPO producers typically enjoy higher gross profits due to lower production costs. The gross profit generally ranges from USD 400 to USD 600 per tonne. This is based on production costs of around USD 300 per tonne and average CPO prices ranging from USD 700 to USD 900 per tonne.

As you can see the Indonesian Farmers are happily dancing while the Malaysian Farmers will need to monitor their production cost with the 52% increase in Diesel Price in Peninsular Malaysia. Hopefully the volume in revenue can cover this cost.

Second quarter 2024 earnings released: EPS: RM0.097 (vs RM0.079 in 2Q 2023)

Second quarter 2024 results:
EPS: RM0.097 (up from RM0.079 in 2Q 2023).
Revenue: RM7.73b (up 8.6% from 2Q 2023).
Net income: RM777.0m (up 24% from 2Q 2023).
Profit margin: 10% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue.

Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Chemicals industry in Malaysia.

Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.

Great write up. Thanks for sharing...

PCHEM has been good to me..

Meow

Previously, technical analysis-oriented investors were skeptical about YTL Power's stock price trajectory, citing the formation of a bearish Double Top pattern. This classic technical pattern usually signals the end of an upward trend, suggesting that the market could reverse from bullish to bearish.

While the Double Top pattern typically points to a potential decline, YTL Power's stock price has already accounted for this negative outlook. After breaking the neckline on August 2, this blue-chip utility stock quickly hit the Double Top's downside target within just two days ...

Looking forward, YTL Power's stock price has recently found robust support following a sharp decline, ...

In summary, after a significant drop, YTL Power has established a strong support level …

Resistance: 4.625
Support: 3.905"

Meow

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel is very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel is very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel are very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

Meanwhile Lady Sapnrg is on target to submit Regulation Plan

Today she climbs 14.29%

Finally FPSO Maria Quiteria arrived at the JUBARTE FIELD.
First oil expected at 3Q24, means around September.
USD624k/day rate.

Atlanta only US$210,000/day.

https://www.marinetraffic.com/en/ais/home/shipid:8803162/zoom:10

The next big pay is Agogo at USD726k/day, first oil expected at 1Q26. Which is a long way, unless they managed to complete the conversion 5 or 6 months ahead like Maria, then maybe first oil at mid or end of 2025.

Well Done Yinson, today she climbs 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share

Well Done PCHEM, today she climbs 6.23%

Sheikh Mabel is very apy today...

Meow Meow Meow

https://www.thestar.com.my/business/business-news/2024/08/16/petronas-chemicals-registers-higher-net-profit-of-rm777mil-in-2q-declares-10c-divshare

In the second quarter ended June 30, 2024, PETRONAS Chemicals registered a net profit of RM777mil, an improvement from RM628mil in the same quarter a year earlier.

The group reported higher revenue of RM7.73bil, up from RM7.11bil in 2QFY23, while earnings per share rose to 10 sen from eight sen in the comparative quarter.

The board of directors announced a first interim dividend of 10 sen per share, representing a payout of RM800mil or 55% of 1H24 profit after tax and non-controlling interests.

Life is so beautiful

Meow

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share

Meow Meow Meow

Thank you for sharing DividendGuys!

For the 1st time, Chart is looking good...hihihi

It's looking good guys...

Meow Meow Meow

Meow Meow Meow

https://www.youtube.com/watch?v=cVWCn6bGj0A

Watch how this beautiful 22 years old Yaroslava Mahuchikh Erased A 37-Year-Old World Record Out Of NOWHERE and here’s the best part. .. Yaroslava Mahuchikh also Breaks High Jump World Record! Paris 2024

Meow

Touche bro...

Let's hope for the best!

Hopefully it will not happen this time as many Asian economies have strengthened their financial systems since the 1997 crisis. They have built up foreign exchange reserves, improved regulatory frameworks, and adopted more flexible exchange rate policies.

In 1997, Malaysia’s GDP growth rate was 7.3%. This period was indeed marked by strong economic performance, although it was followed by the Asian Financial Crisis, which significantly impacted the region’s economies.

Meow Meow Meow

Well done !

Today Mabel unload from 2.66 to 2.68 and retain another 60 %...

Thank you BIMB

Meow

All 3 Singapore-listed banks have also released their financial results for the 2nd quarter, and for the 1st half of FY2024 – starting with United Overseas Bank (SGX: U11), on 01 August, followed by Oversea-Chinese Banking Corporation (SGX: O39), the following day on 02 August, and then DBS Group Holdings Limited (SGX: D05), on 07 August.

‌*Dividend Payout to Shareholders*:
The management of UOB pays out a dividend on a half-yearly basis – once when it releases its results for the 1st half of the year, and once when it releases its results for the 2nd half. ‌For the 1st half of FY2024, a dividend payout of 88.0 cents/share was declared – this represents a 3.5% improvement from its payout of 85.0 cents/share declared last year. The amount also represents a payout ratio of about 51%. Dividend payout: 23 August 2024

Similar to UOB, OCBC’s management also announces dividends to shareholders bi-annually – once when the bank releases its results for the 1st half of the year and again for the 2nd half. For the 1st half of FY2024, a dividend payout of 44.0 cents/share was declared – a 10.0% increase from its payout of 40.0 cents/share last year, and representing a payout ratio of 50%. Dividend payout: 23 August 2024

‌Unlike UOB and OCBC, the management of DBS declares a dividend payout to the shareholders on a quarterly basis. Similar to the first quarter, a payout of 54.0 cents/share was declared for the 2nd quarter. Hence, for the 1st half of the year, a total payout of $1.08/share was declared – a 20.0% improvement from its payout of 90.0 cents/share last year. Dividend payout: 26 August 2024

Let's hope Maybank, CIMB and BIMB can beats the 3 Singaporean Princess!

Meow Meow Meow

All 3 Singapore-listed banks have also released their financial results for the 2nd quarter, and for the 1st half of FY2024 – starting with United Overseas Bank (SGX: U11), on 01 August, followed by Oversea-Chinese Banking Corporation (SGX: O39), the following day on 02 August, and then DBS Group Holdings Limited (SGX: D05), on 07 August.

‌*Dividend Payout to Shareholders*:
The management of UOB pays out a dividend on a half-yearly basis – once when it releases its results for the 1st half of the year, and once when it releases its results for the 2nd half. ‌For the 1st half of FY2024, a dividend payout of 88.0 cents/share was declared – this represents a 3.5% improvement from its payout of 85.0 cents/share declared last year. The amount also represents a payout ratio of about 51%. Dividend payout: 23 August 2024

Similar to UOB, OCBC’s management also announces dividends to shareholders bi-annually – once when the bank releases its results for the 1st half of the year and again for the 2nd half. For the 1st half of FY2024, a dividend payout of 44.0 cents/share was declared – a 10.0% increase from its payout of 40.0 cents/share last year, and representing a payout ratio of 50%. Dividend payout: 23 August 2024

‌Unlike UOB and OCBC, the management of DBS declares a dividend payout to the shareholders on a quarterly basis. Similar to the first quarter, a payout of 54.0 cents/share was declared for the 2nd quarter. Hence, for the 1st half of the year, a total payout of $1.08/share was declared – a 20.0% improvement from its payout of 90.0 cents/share last year. Dividend payout: 26 August 2024

Let's hope Maybank, CIMB and BIMB can beats the 3 Singaporean Princess!

Meow Meow Meow