+Follow
Buffet99
No personal profile
2
Follow
0
Followers
0
Topic
0
Badge
Posts
Hot
Buffet99
11-07
The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.
DBS Shares Surge to Record on Buyback Plan, Profit Beat
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4102436846606560","uuid":"4102436846606560","gmtCreate":1639415385094,"gmtModify":1639415385094,"name":"Buffet99","pinyin":"buffet99","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":2,"tweetSize":1,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.20","exceedPercentage":"60.03%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.79%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":5,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":368340261331328,"gmtCreate":1730956624379,"gmtModify":1730961637443,"author":{"id":"4102436846606560","authorId":"4102436846606560","name":"Buffet99","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102436846606560","authorIdStr":"4102436846606560"},"themes":[],"htmlText":"The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.","listText":"The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.","text":"The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368340261331328","repostId":"2481961120","repostType":2,"repost":{"id":"2481961120","kind":"highlight","pubTimestamp":1730946885,"share":"https://ttm.financial/m/news/2481961120?lang=&edition=fundamental","pubTime":"2024-11-07 10:34","market":"sg","language":"en","title":"DBS Shares Surge to Record on Buyback Plan, Profit Beat","url":"https://stock-news.laohu8.com/highlight/detail?id=2481961120","media":"Bloomberg","summary":"SINGAPORE, Nov 7 (Reuters) - DBS Group, Singapore's biggest bank, posted a record third-quarter net profit on Thursday, as income growth across its businesses boosted earnings 15% from a year earlier,","content":"<html><head></head><body><ul style=\"\"><li><p>CEO-designate Tan pledges to continue with capital return</p></li><li><p>Wealth fees, markets trading income drove quarterly profit</p></li></ul><p>DBS Group Holdings Ltd. unveiled a multi-billion dollar share-buyback program, as wealth management fees and markets trading income drove third-quarter profit.</p><p style=\"text-align: start;\">Southeast Asia’s biggest lender said the S$3 billion ($2.25 billion) buyback is underpinned by a strong capital position and earnings generation. This follows a series of record earnings and above-peer returns to investors in recent years under the tenure of Chief Executive Officer Piyush Gupta, who will retire in March. His successor Tan Su Shan said she will continue the approach of returning capital.</p><p>DBS shares rose 6.7% in Singapore trading, the most since June 2020, outpacing gains by its local rivals Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. Its stock has gained more than 36% this year. While OCBC and UOB gained 4.3% and 3.7% respectively.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a7721d2b1ddfb3085f041d4f6e1aa2b\" title=\"\" tg-width=\"369\" tg-height=\"206\"/></p><p>While the share repurchase program is a “positive surprise,” the value creation is limited given the lender’s high valuation, Morgan Stanley analysts led by Nick Lord said after the earnings. DBS is trading at more than 1.7 times its book value, the highest among the three major Singapore-based banks.</p><p style=\"text-align: start;\">Similar to other firms, DBS periodically buys back its stock in open market. This is the first time however such a repurchase will be canceled. Post-buyback, DBS will retain about S$6 billion in excess capital, according to Bloomberg Intelligence analyst Rena Kwok.</p><p>DBS also said its net income expanded 15% to S$3.03 billion in the three months ended Sept. 30, the bank said in a statement. That beat the S$2.74 billion average estimate by analysts surveyed by Bloomberg. Its earnings echo that of global banks including HSBC Holdings Plc and Standard Chartered Plc whose wealth businesses have helped them deliver better-than-expected profits.</p><p style=\"text-align: start;\">An interim dividend of 54 Singapore cents a share for the third quarter was also declared, reflecting a dividend yield of 5.5%, according to the statement.</p><p>Still, the 2025 outlook may not be as bright. Next year’s net profit is expected to be below this year’s levels due to a global minimum tax of 15%, according to Gupta. Net interest margin will see a slight decline that could be mostly offset by loan growth, he added.</p><p style=\"text-align: start;\">Non-interest income for the commercial book will grow at “high-single digits” next year, led by wealth management fees and treasury customer sales, Gupta said.</p><p style=\"text-align: start;\">OCBC and UOB will report their earnings on Friday.</p><p>Other earnings highlights:</p><ul style=\"\"><li><p>Net interest margin at 2.11%, lower than from previous quarter and a year ago</p></li><li><p>Commercial book’s net interest income up 3% at S$3.8 billion</p></li><li><p>Allowances for credit and other losses down 40%</p></li><li><p>Wealth fees at S$609 million, a 55% increase from a year ago</p></li><li><p>Wealth management AUM at S$401 billion, from S$353 billion a year ago</p></li><li><p>Markets trading income highest in ten quarters</p></li><li><p>Return on equity at 18.7%, from 18.2% last year</p></li><li><p>Cost-income ratio for 2025 projected in low 40% range; stood at about 39% for first nine months</p></li></ul></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS Shares Surge to Record on Buyback Plan, Profit Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS Shares Surge to Record on Buyback Plan, Profit Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 10:34 GMT+8 <a href=https://www.bloomberg.com/news/articles/2024-11-06/dbs-to-buy-back-2-25-billion-shares-as-profit-beats-estimates?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CEO-designate Tan pledges to continue with capital returnWealth fees, markets trading income drove quarterly profitDBS Group Holdings Ltd. unveiled a multi-billion dollar share-buyback program, as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-06/dbs-to-buy-back-2-25-billion-shares-as-profit-beats-estimates?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0261947096.USD":"FIDELITY FUNDS SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","BK6112":"综合性银行","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","D05.SI":"星展集团控股","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU0886674414.USD":"CT (LUX) I ASIAN EQUITY INCOME \"AUP\" (USD) INC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0557290698.USD":"施罗德环球可持续增长基金","BK6516":"银行与投资服务概念","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0205439572.USD":"富达亚太股息基金","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB LE EQUITY \"A\" (USD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU0048597586.USD":"富达亚洲焦点A","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0048573645.USD":"富达东盟基金"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-06/dbs-to-buy-back-2-25-billion-shares-as-profit-beats-estimates?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481961120","content_text":"CEO-designate Tan pledges to continue with capital returnWealth fees, markets trading income drove quarterly profitDBS Group Holdings Ltd. unveiled a multi-billion dollar share-buyback program, as wealth management fees and markets trading income drove third-quarter profit.Southeast Asia’s biggest lender said the S$3 billion ($2.25 billion) buyback is underpinned by a strong capital position and earnings generation. This follows a series of record earnings and above-peer returns to investors in recent years under the tenure of Chief Executive Officer Piyush Gupta, who will retire in March. His successor Tan Su Shan said she will continue the approach of returning capital.DBS shares rose 6.7% in Singapore trading, the most since June 2020, outpacing gains by its local rivals Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. Its stock has gained more than 36% this year. While OCBC and UOB gained 4.3% and 3.7% respectively.While the share repurchase program is a “positive surprise,” the value creation is limited given the lender’s high valuation, Morgan Stanley analysts led by Nick Lord said after the earnings. DBS is trading at more than 1.7 times its book value, the highest among the three major Singapore-based banks.Similar to other firms, DBS periodically buys back its stock in open market. This is the first time however such a repurchase will be canceled. Post-buyback, DBS will retain about S$6 billion in excess capital, according to Bloomberg Intelligence analyst Rena Kwok.DBS also said its net income expanded 15% to S$3.03 billion in the three months ended Sept. 30, the bank said in a statement. That beat the S$2.74 billion average estimate by analysts surveyed by Bloomberg. Its earnings echo that of global banks including HSBC Holdings Plc and Standard Chartered Plc whose wealth businesses have helped them deliver better-than-expected profits.An interim dividend of 54 Singapore cents a share for the third quarter was also declared, reflecting a dividend yield of 5.5%, according to the statement.Still, the 2025 outlook may not be as bright. Next year’s net profit is expected to be below this year’s levels due to a global minimum tax of 15%, according to Gupta. Net interest margin will see a slight decline that could be mostly offset by loan growth, he added.Non-interest income for the commercial book will grow at “high-single digits” next year, led by wealth management fees and treasury customer sales, Gupta said.OCBC and UOB will report their earnings on Friday.Other earnings highlights:Net interest margin at 2.11%, lower than from previous quarter and a year agoCommercial book’s net interest income up 3% at S$3.8 billionAllowances for credit and other losses down 40%Wealth fees at S$609 million, a 55% increase from a year agoWealth management AUM at S$401 billion, from S$353 billion a year agoMarkets trading income highest in ten quartersReturn on equity at 18.7%, from 18.2% last yearCost-income ratio for 2025 projected in low 40% range; stood at about 39% for first nine months","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":368340261331328,"gmtCreate":1730956624379,"gmtModify":1730961637443,"author":{"id":"4102436846606560","authorId":"4102436846606560","name":"Buffet99","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102436846606560","authorIdStr":"4102436846606560"},"themes":[],"htmlText":"The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.","listText":"The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.","text":"The SGX market is distorted by bank counters, particularly DBS! Should reduce it's weight to reflect the the true whole market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368340261331328","repostId":"2481961120","repostType":2,"repost":{"id":"2481961120","kind":"highlight","pubTimestamp":1730946885,"share":"https://ttm.financial/m/news/2481961120?lang=&edition=fundamental","pubTime":"2024-11-07 10:34","market":"sg","language":"en","title":"DBS Shares Surge to Record on Buyback Plan, Profit Beat","url":"https://stock-news.laohu8.com/highlight/detail?id=2481961120","media":"Bloomberg","summary":"SINGAPORE, Nov 7 (Reuters) - DBS Group, Singapore's biggest bank, posted a record third-quarter net profit on Thursday, as income growth across its businesses boosted earnings 15% from a year earlier,","content":"<html><head></head><body><ul style=\"\"><li><p>CEO-designate Tan pledges to continue with capital return</p></li><li><p>Wealth fees, markets trading income drove quarterly profit</p></li></ul><p>DBS Group Holdings Ltd. unveiled a multi-billion dollar share-buyback program, as wealth management fees and markets trading income drove third-quarter profit.</p><p style=\"text-align: start;\">Southeast Asia’s biggest lender said the S$3 billion ($2.25 billion) buyback is underpinned by a strong capital position and earnings generation. This follows a series of record earnings and above-peer returns to investors in recent years under the tenure of Chief Executive Officer Piyush Gupta, who will retire in March. His successor Tan Su Shan said she will continue the approach of returning capital.</p><p>DBS shares rose 6.7% in Singapore trading, the most since June 2020, outpacing gains by its local rivals Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. Its stock has gained more than 36% this year. While OCBC and UOB gained 4.3% and 3.7% respectively.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a7721d2b1ddfb3085f041d4f6e1aa2b\" title=\"\" tg-width=\"369\" tg-height=\"206\"/></p><p>While the share repurchase program is a “positive surprise,” the value creation is limited given the lender’s high valuation, Morgan Stanley analysts led by Nick Lord said after the earnings. DBS is trading at more than 1.7 times its book value, the highest among the three major Singapore-based banks.</p><p style=\"text-align: start;\">Similar to other firms, DBS periodically buys back its stock in open market. This is the first time however such a repurchase will be canceled. Post-buyback, DBS will retain about S$6 billion in excess capital, according to Bloomberg Intelligence analyst Rena Kwok.</p><p>DBS also said its net income expanded 15% to S$3.03 billion in the three months ended Sept. 30, the bank said in a statement. That beat the S$2.74 billion average estimate by analysts surveyed by Bloomberg. Its earnings echo that of global banks including HSBC Holdings Plc and Standard Chartered Plc whose wealth businesses have helped them deliver better-than-expected profits.</p><p style=\"text-align: start;\">An interim dividend of 54 Singapore cents a share for the third quarter was also declared, reflecting a dividend yield of 5.5%, according to the statement.</p><p>Still, the 2025 outlook may not be as bright. Next year’s net profit is expected to be below this year’s levels due to a global minimum tax of 15%, according to Gupta. Net interest margin will see a slight decline that could be mostly offset by loan growth, he added.</p><p style=\"text-align: start;\">Non-interest income for the commercial book will grow at “high-single digits” next year, led by wealth management fees and treasury customer sales, Gupta said.</p><p style=\"text-align: start;\">OCBC and UOB will report their earnings on Friday.</p><p>Other earnings highlights:</p><ul style=\"\"><li><p>Net interest margin at 2.11%, lower than from previous quarter and a year ago</p></li><li><p>Commercial book’s net interest income up 3% at S$3.8 billion</p></li><li><p>Allowances for credit and other losses down 40%</p></li><li><p>Wealth fees at S$609 million, a 55% increase from a year ago</p></li><li><p>Wealth management AUM at S$401 billion, from S$353 billion a year ago</p></li><li><p>Markets trading income highest in ten quarters</p></li><li><p>Return on equity at 18.7%, from 18.2% last year</p></li><li><p>Cost-income ratio for 2025 projected in low 40% range; stood at about 39% for first nine months</p></li></ul></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS Shares Surge to Record on Buyback Plan, Profit Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS Shares Surge to Record on Buyback Plan, Profit Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 10:34 GMT+8 <a href=https://www.bloomberg.com/news/articles/2024-11-06/dbs-to-buy-back-2-25-billion-shares-as-profit-beats-estimates?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CEO-designate Tan pledges to continue with capital returnWealth fees, markets trading income drove quarterly profitDBS Group Holdings Ltd. unveiled a multi-billion dollar share-buyback program, as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-06/dbs-to-buy-back-2-25-billion-shares-as-profit-beats-estimates?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0261947096.USD":"FIDELITY FUNDS SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","BK6112":"综合性银行","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","D05.SI":"星展集团控股","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU0886674414.USD":"CT (LUX) I ASIAN EQUITY INCOME \"AUP\" (USD) INC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0557290698.USD":"施罗德环球可持续增长基金","BK6516":"银行与投资服务概念","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0205439572.USD":"富达亚太股息基金","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB LE EQUITY \"A\" (USD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU0048597586.USD":"富达亚洲焦点A","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0048573645.USD":"富达东盟基金"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-06/dbs-to-buy-back-2-25-billion-shares-as-profit-beats-estimates?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481961120","content_text":"CEO-designate Tan pledges to continue with capital returnWealth fees, markets trading income drove quarterly profitDBS Group Holdings Ltd. unveiled a multi-billion dollar share-buyback program, as wealth management fees and markets trading income drove third-quarter profit.Southeast Asia’s biggest lender said the S$3 billion ($2.25 billion) buyback is underpinned by a strong capital position and earnings generation. This follows a series of record earnings and above-peer returns to investors in recent years under the tenure of Chief Executive Officer Piyush Gupta, who will retire in March. His successor Tan Su Shan said she will continue the approach of returning capital.DBS shares rose 6.7% in Singapore trading, the most since June 2020, outpacing gains by its local rivals Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. Its stock has gained more than 36% this year. While OCBC and UOB gained 4.3% and 3.7% respectively.While the share repurchase program is a “positive surprise,” the value creation is limited given the lender’s high valuation, Morgan Stanley analysts led by Nick Lord said after the earnings. DBS is trading at more than 1.7 times its book value, the highest among the three major Singapore-based banks.Similar to other firms, DBS periodically buys back its stock in open market. This is the first time however such a repurchase will be canceled. Post-buyback, DBS will retain about S$6 billion in excess capital, according to Bloomberg Intelligence analyst Rena Kwok.DBS also said its net income expanded 15% to S$3.03 billion in the three months ended Sept. 30, the bank said in a statement. That beat the S$2.74 billion average estimate by analysts surveyed by Bloomberg. Its earnings echo that of global banks including HSBC Holdings Plc and Standard Chartered Plc whose wealth businesses have helped them deliver better-than-expected profits.An interim dividend of 54 Singapore cents a share for the third quarter was also declared, reflecting a dividend yield of 5.5%, according to the statement.Still, the 2025 outlook may not be as bright. Next year’s net profit is expected to be below this year’s levels due to a global minimum tax of 15%, according to Gupta. Net interest margin will see a slight decline that could be mostly offset by loan growth, he added.Non-interest income for the commercial book will grow at “high-single digits” next year, led by wealth management fees and treasury customer sales, Gupta said.OCBC and UOB will report their earnings on Friday.Other earnings highlights:Net interest margin at 2.11%, lower than from previous quarter and a year agoCommercial book’s net interest income up 3% at S$3.8 billionAllowances for credit and other losses down 40%Wealth fees at S$609 million, a 55% increase from a year agoWealth management AUM at S$401 billion, from S$353 billion a year agoMarkets trading income highest in ten quartersReturn on equity at 18.7%, from 18.2% last yearCost-income ratio for 2025 projected in low 40% range; stood at about 39% for first nine months","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
