SG Bank Earnings: Which Giants Will Beat After Over 20% Gains YTD?

Tiger_SG
11-06
Reward Tiger-CoinsReward 500 Tiger-coins

On Thursday and Friday, three big banks in Singapore will release earnings.

As of November 5, 2024, they have delivered strong performances year-to-date. $DBS Group Holdings(D05.SI)$ has led the pack with a 34.96% gain, followed by $ocbc bank(O39.SI)$ at 25.13%, and $UOB(U11.SI)$ at 21.70%. All three have notably outperformed the Straits Times Index (STI), which has risen by 12.91% over the same period.

1. How do three giants perform in last quarter?

In the previous quarter (Q2 2024), all three banks delivered solid results.

  • DBS' net interest margin (NIM) remained stable, while OCBC saw a slight decline of 7 basis points in NIM. UOB, on the other hand, recorded a 3 basis point improvement in its NIM. This was amid rising concerns about a potential slowdown in interest income as Fed signaled the beginning of its rate-cut cycle.

  • $DBS Group Holdings(D05.SI)$ Q2 net profit hit S$2.69 bln vs S$2.41 bln estimate. ROE hit new quarterly high of 19.2%, up from 13.4% a year ago.

  • $ocbc bank(O39.SI)$ net profit rose to S$1.94 billion from S$1.71 billion a year earlier, beating estimates of S$1.82 billion.

  • $UOB(U11.SI)$ net profit rose to S$1.43 billion, lower than the mean estimate of S$1.44 billion from estimates.

The dividend yield for DBS stands at 5.1%. OCBC’s dividend yield stands at 5.6%, while UOB stands at 5.3%.

2. A strong Q3 amid Fed rate cut impact?

Looking ahead, analysts expect all three banks to report a robust set of results for Q3 2024, largely driven by non-interest income streams.

  • DBS is expected to post a 6.3% increase in net profit to 2.795 billion Singapore dollars.

  • It’s expected UOB’s NIM to be stable, while OCBC’s NIM is likely to see a smaller decline q-o-q.

  • Additionally, trading and investment income are expected to remain strong, particularly for OCBC and UOB, who have seen solid performance from both customer and non-customer flows.

The Fed's decision to lower interest rates is expected to have a muted effect on the banks’ earnings in the short term. However, long-term yields are expected to remain elevated, which will help support banks' earnings and NIMs.

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

Comment on this post and tiger coins will be sent in this topic within 7 days!

SG Bank Giants ATH: Which Bank is Your Top Pick?
Today, three local SG banks all hit all-time-high after their stellar earnings. DBS jumps 6% after it announced a S$3 billion buyback. UOB posts 16% higher Q3 profit of S$1.61 billion. OCBC says 2024 targets on track after Q3 profit beats forecast with 9% rise to $1.97 billion. ----------------- What's your target price for DBS with the super buyback program? Which bank is your top pick?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Reward 500 Tiger-coinsDeadline to 11/27 16:48
The originator will select the best recovery and allocate Tiger coins before the reward ends
Reward-post

Comments

  • koolgal
    11-07
    koolgal

    🌟🌟🌟I am really thrilled that DBS $DBS Group Holdings(D05.SI)$  hit an all time high today at SGD 41.87 after release of an excellent Q3 24 Earnings.  DBS' Net Profit for the quarter rose 17% year on year to SGD 3.03 billion.  This is a historic record for DBS as it crosses SGD 3 billion mark for the first time ever.   It is also the first time that DBS' share price has crossed the SGD 40 mark. 

    Even better, DBS is increasing its dividends to 54 cents per share, up from 48 cents declared in previous year quarter.  DBS has also announced a new share buyback programme of SGD 3 billion. 

    What an amazing Bank!  My strategy of Buying and Holding DBS long term has certainly paid off. 

    @Tiger_SG  @Tiger_comments  @TigerStars

    • koolgalReply1PC: 
      May You Huat To The Max too. 🚀🚀🚀🌈🌈🌈💰💰💰
    • 1PCReplykoolgal: 
      Huat Together 💪 Banks [Smart] [Call] [Call] [Call] [Call]
    • koolgalReply1PC: 
      May you have Lots of winning trades too. 🌈🌈🌈💰💰💰
    • koolgalReply1PC: 
      Thanks 😍😍😍
    • 1PC: 
      Congratulations 🎉 [USD]
  • icycrystal
    11-07
    icycrystal
    SG banks performance as of November 5, 2024, they have delivered strong performances year-to-date.

    $DBS Group Holdings(D05.SI)$ has led the pack with a 34.96% gain, followed by $ocbc bank(O39.SI)$ at 25.13%, and $UOB(U11.SI)$ at 21.70%.

    All three have notably outperformed the Straits Times Index (STI), which has risen by 12.91% over the same period.

    @Universe宇宙 @LMSunshine @koolgal @Shyon @Aqa @GoodLife99 @rL @HelenJanet @SPACE ROCKET @TigerGPT

    Comment on this post and tiger coins will be sent in this topic within 7 days!

    • TigerGPT: 

      As of November 5, 2024, the performance of Singapore banks has been strong year-to-date. Here is the performance of the three major Singapore banks:

      DBS Group Holdings (D05.SI): It has led the pack with a gain of 34.96%.  

      OCBC Bank (O39.SI): It has gained 25.13%.  

      UOB (U11.SI): It has gained 21.70%.  

      All three banks have notably outperformed the Straits Times Index (STI).

      However, please note that stock market performance is subject to market fluctuations and various factors such as economic conditions, interest rates, and global events can impact stock prices.

      If you are interested in more detailed information on these banks and their performance, I recommend referring to the following articles:

      "Singapore's Banking Titans: Will DBS, OCBC, or UOB Break New Records This Earnings Season?" - This article discusses the performance and expectations of DBS, OCBC, and UOB, as well as the role of interest rate cuts by the U.S. Federal Reserve. Read more  

      Please note that investing in stocks carries risks, and it is important to conduct thorough research and consider your own financial situation before making any investment decisions.

      Risk Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the risk of loss of capital. Please consult with a financial advisor before making any investment decisions.

  • AliceSam
    11-06
    AliceSam
    $星展集团控股(D05.SI)$以34.96%的涨幅领先，其次是$华侨银行(O39.SI)$25.13%，及$大华银行(U11.SI)$为21.70%。这三者的表现均明显优于海峡时报指数(STI)
  • MHh
    11-06
    MHh
    DBS is the all-time favourite for Singapore and has never failed to deliver. @SPOT_ON @Universe宇宙 @Fenger1188 @HelenJanet @rL @Wayneqq @SR050321 @Kaixiang @Success88 @DiAngel come learn more about CBA!
  • Universe宇宙
    11-07
    Universe宇宙
    @TigerGPT with the banks making so much profits, investors should also take profit by selling them before the profit disappear, right buddy?
    • TigerGPTReplyUniverse宇宙: 

      You're welcome! If you have any more questions or need further assistance, feel free to ask. Happy investing!

    • Universe宇宙ReplyTigerGPT: 
      ok, will take profit, thanks buddy!
    • TigerGPT: 

      Based on the news articles, here are some relevant updates on the performance of DBS Group Holdings, OCBC Bank, and UOB during the last quarter (Q3 2024):

      DBS Group Holdings (Stock Code: D05.SI):

      DBS reported strong Q2 results with a 6% year-on-year increase in net profit.  

      The bank's net interest margin remained stable, and its return on equity (ROE) reached a new quarterly high of 19.2%.  

      Analysts expect DBS to continue delivering positive results in Q3, driven by non-interest income streams and strong performance in trading and investment income.  

        

      OCBC Bank (Stock Code: O39.SI):

      In Q2 2024, OCBC saw a slight decline of 7 basis points in its net interest margin (NIM).  

      The bank's Q3 results are expected to show stability in NIM and a growth in net profit.  

      OCBC has sustained strength in non-interest income, particularly in wealth fees, which are projected to increase by 35% year-on-year.  

        

      UOB (Stock Code: U11.SI):

      UOB recorded a 3 basis point improvement in its net interest margin in Q2 2024.  

      Analysts anticipate UOB to deliver resilient Q3 earnings with sustained non-interest income strength, including a 35% growth in wealth fees.  

      The bank has shown resilience and preparation for macro changes, such as U.S. rate cuts and potential recession risks.  

        

      It's important to note that these updates are based on analysts' expectations and previous performance. Actual results may vary. Investors should conduct thorough research and consider various factors before making any investment decisions.

      *Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. Users are solely responsible for their investment decisions.

  • Universe宇宙
    11-06
    Universe宇宙
    @TigerGPT perform SWOT analysis on these 3 stocks: $DBS GROUP HOLDINGS LTD(D05.SI)$ and $UOB(U11.SI)$ and $ocbc bank(O39.SI)$
    • TigerGPT: 

      I apologize, but it seems that I am unable to retrieve the specific information regarding the financials and performance of DBS Group Holdings Ltd (D05.SI) and UOB (U11.SI) at the moment. However, I can still provide a SWOT analysis based on the available information and general knowledge of these banks.

      SWOT Analysis for DBS Group Holdings Ltd (D05.SI):Strengths:

      Strong Performance: DBS Group Holdings has shown strong performance with a gain of 34.96% year-to-date, outperforming the Straits Times Index.  

      Stable Net Interest Margin (NIM): In the previous quarter (Q2 2024), DBS' NIM remained stable, indicating a steady interest income stream.  

      Weaknesses:

      Limited Information: Specific financial data and performance details for the last quarter are not available at the moment.  

      Potential Interest Rate Cuts: The potential for interest rate cuts may pose a challenge to DBS' interest income in the future.  

      Opportunities:

      Non-Interest Income Growth: Analysts expect DBS to report a robust set of results for Q3 2024, driven by non-interest income streams.  

      Trading and Investment Income: DBS is expected to benefit from strong performance in trading and investment income, especially from both customer and non-customer flows.  

      Threats:

      Economic Uncertainty: Global economic volatility and uncertainties may impact the overall performance of DBS and the banking industry.  

      Regulatory Changes: Any regulatory changes affecting the banking sector, such as stricter regulations or compliance requirements, may impact DBS' operations.  

      SWOT Analysis for OCBC Bank (O39.SI):Strengths:

      Solid Year-to-Date Performance: OCBC Bank has delivered a gain of 25.13% year-to-date, outperforming the Straits Times Index.  

      Improvement in Return on Equity (ROE): OCBC Bank achieved a new quarterly high of 19.2% in Q2 2024, up from 13.4% a year ago.  

      Weaknesses:

      Declining Net Interest Margin (NIM): In the previous quarter (Q2 2024), OCBC Bank experienced a slight decline of 7 basis points in NIM, which may impact its interest income.  

      Opportunities:

      Strong Non-Interest Income: OCBC Bank is expected to continue benefiting from strong non-interest income streams in Q3 2024.  

      Trading and Investment Income: Similar to DBS, OCBC Bank is expected to see solid performance in trading and investment income.  

      Threats:

      Interest Rate Cuts: The impact of interest rate cuts on OCBC Bank's interest income in the short term may be a concern.  

      Economic Volatility: Uncertain economic conditions globally may impact OCBC Bank's overall performance.  

      Please note that this SWOT analysis is based on the available information and general market knowledge. It is important to conduct thorough research and analysis before making any investment decisions.

    • TigerGPTReplyUniverse宇宙: 

      Based on the analysis, here is a summary of UOB (U11.SI) and its comparison with DBS (D03.SI) and OCBC (BK):

      Business and Industry: UOB is a leading bank in Singapore and operates in various segments, including retail banking, corporate banking, and wealth management. The banking industry in Singapore is highly competitive, but UOB has a well-established market presence.

        

      Latest Earnings: The latest earnings data for UOB is not available. It would be beneficial to review the company's earnings report and forecast to assess its future business growth.

        

      Recent Trends: UOB's stock price as of November 6, 2024, is SGD 32.69. It's important to consider the stock's recent trends, including support and resistance levels, to evaluate its potential.

        

      Analyst Viewpoints: The analysis does not provide specific analyst viewpoints, such as target prices or investment suggestions for UOB.

        

      Capital Flow: The 5-day capital flow data for UOB indicates mixed inflows and outflows, with some days witnessing net inflows and others witnessing net outflows. The 1-day capital flow data shows a total inflow of 57.20 million SGD and a total outflow of 28.03 million SGD. Detailed breakdowns of the capital flow are also provided.

        

      Considering the available information, it is important to note that investment decisions should not be based solely on this analysis. It is recommended to conduct further research, review the company's financial reports, consider other relevant factors, and consult with a financial advisor before making investment decisions. Please keep in mind that investing in stocks involves risks and the possibility of financial loss.

      Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. The inherent risks of the stock market and the normal fluctuations in stock prices should be taken into account. Investors should think independently and make informed decisions based on their own assessment and risk tolerance.

    • Universe宇宙ReplyTigerGPT: 
      if i only got enough money to buy one of them, which one should i buy?
    • TigerGPTReplyUniverse宇宙: 

      I apologize for the inconvenience, but it appears that I am unable to retrieve the specific SWOT analysis for UOB (U11.SI) at the moment. However, I can provide you with a general SWOT analysis based on the available information and general knowledge of UOB:

      Strengths:

      Strong Financial Performance: UOB has demonstrated a strong financial performance with consistent profitability and growth over the years.  

      Established Market Presence: UOB is one of the leading banks in Singapore and has a well-established presence in the region.  

      Diversified Business Lines: UOB operates in various segments, including retail banking, corporate banking, and wealth management, which helps to mitigate risks and capture opportunities across different sectors.  

      Weaknesses:

      Exposure to Economic Conditions: UOB's performance is reliant on the overall economic conditions, both domestically and internationally, which may pose risks during economic downturns.  

      Interest Rate Sensitivity: UOB's profitability is influenced by interest rate movements, and changes in interest rates can affect its net interest margin and interest income.  

      Opportunities:

      Digital Transformation: UOB can leverage digital technologies to enhance its products and services, improve customer experience, and capture opportunities in the digital banking landscape.  

      Regional Expansion: UOB can explore further expansion in other markets within the region, capitalizing on the growth potential in emerging economies.  

      Threats:

      Intense Competition: The banking industry in Singapore is highly competitive, with numerous domestic and international players. UOB faces challenges in maintaining its market share and profitability.  

      Regulatory Environment: Changes in regulations and compliance requirements can impact UOB's operations and profitability.  

      Please note that this SWOT analysis is based on general knowledge and may not reflect the most up-to-date information on UOB. It is always recommended to conduct thorough research and analysis using reliable sources before making investment decisions.

    • Universe宇宙ReplyTigerGPT: 
      where is $UOB(U11.SI)$ SWOT analysis? [Thinking]
Leave a comment
47
57