The claim by bank promoters..bank stocks should perform well in high interest rates environment as higher interest rates could lead to higher interest incomes for the banking stocks is wrong/salah Look at dbs, uob and ocbc ,you will have the answer hor..
It seems... the series of interest rate hikes by ang moh could be tipping global economy into a financial crisis instead..
Hold tight... 我们要發達嘛! ---------------------------------
@Michael thanks and nice sharing of good videos. I notice this video was probably recorded 2.5 years ago when GenB was 2.97 zone. This old guy was definitely correct at that time, if bought at 2.97 sure can huat big. Tourism recovery story has been playing since Nov 2020 from the day Pfizer covid vaccine clinical trial good news. Story is getting stale and mouldy by now but strangely this 2.5 years old story still can suck in many JustBorns or Johnny-Come-Late punters buying above rm5.
SINGAPORE, Feb 13 (Reuters) - DBS Group (DBSM.SI), which has seen its net interest margins hit highs for the decade on rising interest rates, expects rates to moderate, its chief executive said, as Southeast Asia's largest bank by assets reported record quarterly and full-year profit.
Singapore lenders, like global peers, are benefiting from higher interest rates, but analysts said that as the cycle peaks and economic growth falters, rising bank profits could be curbed. DBS has reported record earnings due to rising interest rates.
Latest news... UBS will pay 3 billion Swiss francs (US$3.23 billion) and assume up to US$5.4 billion in losses in a deal expected to close by the end of 2023.
From higher interest incomes for the banking stocks to financial panic. Let's see..
52 weeks low is a big ask. Maybe closer to state elections there may be some negative sentiments but Q1 results should be out then and likely to be good.
Genting Singapore share price rally is well expected for reasons explained in my earlier article.
Maybank research yesterday upgraded Genting Singapore to a BUY with tp of S$1.18, an 23% uplift citing similar reasons. To note that its projected EBITDA of S$1.307 billion for FY2024 is not too far off from my earlier projection of S$1.4 billion.
I expect Genting Singapore share price to continue upwards trend to beyond S$1.20 in coming months. This will create another 60 sen in value to Genting Bhd.
NTA doesn't mean much for conglomerate shareholders The cake is yours but not for your eating, how? Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits
NTA doesn't mean much for conglomerate shareholders The cake is yours but not for your eating, how? Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits
KUALA LUMPUR (March 17): Rakuten Trade said it will not be surprised if foreign funds make a U-turn back into the Asia market over the next couple of months, amid the erratic US market and the recent banking debacle.
Rakuten Trade head of research Kenny Yee said that investors are getting more risk-averse, seeing that the volatility in the US and Europe is increasing, and will shift their attention back to Asia, which they have been ignoring since the 2020 pandemic period.
“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.
“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”
"Once bank crisis start, gov immediately takeover (delisted) - shareholder total loss Basically 100% loss within days - somemore without warning (nobody know bank trouble until too late)" @MoneyMakers, Can you give one example of bank failures which occurred in Malaysia over the past 40 years and which resulted in shareholders losing all their money?
I have stated my intention long time ago to switch Genting to Aji Should've made more switching when GB shot up to around 5+ but decided to wait for the QR for bulk switching Aji was around 13.80 at the time
Instead, I was bombarded to talk good on Aji here in GB forum, and the die hard investor with seemingly bottomless fund says MSG is dying lol I didn't know forums were for good news only, and I still pity those who thinks so lol
Good. This is the stock I added the inv. funds because of the higher than expected impairment losses declared in 2022. Many sti listed companies have done it in 2021
"@Prudentinv No use see history Credit Suisse (170 yrs) / SVB (40 yrs) / silvergate bank (30 yrs) / signature bank (20 yrs) - all sudden collapse no warning (shareholder 100% loss) Switz gov even bypass ‘shareholder vote’ - forcesell credit suisse" @MoneyMakers, I asked you if there was any collapse of Malaysian banks which resulted in shareholders losing all their money in the past 40 years. Why did you keeping harping about foreign banks? Don't avoid my question.
“Going forward, consensus is projecting the group to make [a] net profit of RM1 billion for FY December 2023 and RM1.27b for FY December 2024, translating to forward PERs of 14.5x and 11.4x respectively,” it said.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael_chan2022
3,349 posts
Posted by Michael_chan2022 > 2023-03-19 20:14 | Report Abuse
The claim by bank promoters..bank stocks should perform well in high interest rates environment as higher interest rates could lead to higher interest incomes for the banking stocks is wrong/salah
Look at dbs, uob and ocbc ,you will have the answer hor..
It seems... the series of interest rate hikes by ang moh could be tipping global economy into a financial crisis instead..