Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?

The Smart Investor2022-11-28

The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...

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Comment（13）

V K
·2022-11-30
Pls like tyvm guys [Happy]
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kequn
·2022-11-30
說說你對這篇新聞的看法...
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vlcs
·2022-11-28
👍🏻
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1
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HLPA
·2022-11-28
These 3 banks are the pillars of the Singapore economy. Singapore cannot fail as we are too small to risk failure. The Singapore government would vertainly twig whatever policies to ensure these banks will nit falter. Hence, a good strategy is to keep picking these bank shares up at the lows. In the long term, profits will come.
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22
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- Taylee:
  👍
  2022-11-28
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- TBI:
  yes
  2022-11-28
  Reply
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- TrevorTan:
  👍
  2022-11-28
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View more 2 comments
hlw8888
·2022-11-28
i still waiting for them to come down more for me to put into my portfolio. 😅😂🤣
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3
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- Mib1515:
  K
  2022-11-28
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Bodoh
·2022-11-28
Well overpriced
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7
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- Bodoh:
  Ok
  2022-11-28
  Reply
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SR050321
·2022-11-28
⚠️ A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth. My suggestion: if buy, make sure have the holding power, must always remember why we buy it ? If for daily trading i think the volume not interesting enough. If for dividend the yield is not interesting enough, so why buy? Usually from the person who hold it for many years, just hold dont care up and down it will go up again 😅 so my conclusion it for Capital growth and at the same time gettingdividend to supplement your cost. Read the post from strait times in the picture, hope we can see guidance for 2023.
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30
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- vestigel:
  ok
  2022-12-01
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- tiger cub:
  k
  2022-12-01
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- Pinkmuffin:
  👍
  2022-11-29
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Toby_Chua
·2022-11-28
Rate hike catalyst
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4
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LuckyPiggie
·2022-11-28
Fed is the biggest loanshark [Sly] [Sly] [Sly] so are the banks [What]
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8
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- LuckyPiggie:
  look at olam today .. hahaha really knn [Spurting]
  2022-11-30
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- EV8:
  Manipulator
  2022-11-30
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- WendyGoh:
  Ok
  2022-11-28
  Reply
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Titis
·2022-11-28
Yes
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3
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- Lichiun:
  ok
  2022-11-28
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- 小虎投资123:
  hh
  2022-11-28
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tigernaut
·2022-11-28
👍
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1
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JimmySiew
·2022-11-28
Ok
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2
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- yingyingzoe:
  K
  2022-11-28
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Jinhao94
·2022-11-28
Pls like
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- WilKoh:
  Done
  2022-11-28
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- JimmySiew:
  ok
  2022-11-28
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- Pita2:
  Ok
  2022-11-28
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href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"D05.SI","symbol_name":"星展集团控股","start_time":0,"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","article_id":"1174739263","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","pubTimestamp":1669600112,"columns":[],"sourceInfo":{"source_id":"lsy1602567310727","name":"The Smart Investor"},"weMediaInfo":null,"summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"D05.SI":"星展集团控股","U11.SI":"大华银行","O39.SI":"华侨银行"},"translate_title":"三家新加坡银行的股价能创下历史新高吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":0.9,"O39.SI":0.9,"U11.SI":0.9},"content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9962598650,"gmtCreate":1669799160271,"gmtModify":1676538245705,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"V K","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"idStr":"3577323914202336","authorIdStr":"3577323914202336"},"htmlText":"Pls like tyvm guys&nbsp;[Happy]&nbsp;","listText":"Pls like tyvm guys&nbsp;[Happy]&nbsp;","text":"Pls like tyvm guys [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962598650","repostId":1174739263,"repostType":2,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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\" 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.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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9962201091,"gmtCreate":1669775882114,"gmtModify":1676538240872,"author":{"id":"3566507838457171","authorId":"3566507838457171","name":"kequn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3566507838457171","authorIdStr":"3566507838457171"},"htmlText":"說說你對這篇新聞的看法...","listText":"說說你對這篇新聞的看法...","text":"說說你對這篇新聞的看法...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962201091","repostId":1174739263,"repostType":2,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</title>\n<style 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}\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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9966498262,"gmtCreate":1669604520356,"gmtModify":1676538212377,"author":{"id":"4093078314770720","authorId":"4093078314770720","name":"vlcs","avatar":"https://static.itradeup.com/news/aa49779e3b2078429bce79d047d188e3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4093078314770720","authorIdStr":"4093078314770720"},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966498262","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</title>\n<style 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}\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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9966491089,"gmtCreate":1669604225342,"gmtModify":1676538212330,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":7,"crmLevelSwitch":1,"idStr":"3569274903458035","authorIdStr":"3569274903458035"},"htmlText":"These 3 banks are the pillars of the Singapore economy. Singapore cannot fail as we are too small to risk failure. The Singapore government would vertainly twig whatever policies to ensure these banks&nbsp; will nit falter. Hence, a good strategy is to keep picking these bank shares up at the lows. In the long term, profits will come.","listText":"These 3 banks are the pillars of the Singapore economy. Singapore cannot fail as we are too small to risk failure. The Singapore government would vertainly twig whatever policies to ensure these banks&nbsp; will nit falter. Hence, a good strategy is to keep picking these bank shares up at the lows. In the long term, profits will come.","text":"These 3 banks are the pillars of the Singapore economy. Singapore cannot fail as we are too small to risk failure. The Singapore government would vertainly twig whatever policies to ensure these banks will nit falter. Hence, a good strategy is to keep picking these bank shares up at the lows. In the long term, profits will come.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":22,"commentSize":15,"repostSize":0,"link":"https://ttm.financial/post/9966491089","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</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{ 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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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104979391,"gmtCreate":1669608566443,"gmtModify":1669608579914,"authorId":3569208714670062,"author":{"id":3569208714670062,"idStr":"3569208714670062","authorId":3569208714670062,"name":"Taylee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966491089,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span class=\"s1\">👍</span>"},{"id":104978428,"gmtCreate":1669604570996,"gmtModify":1669604584458,"authorId":3585745902929799,"author":{"id":3585745902929799,"idStr":"3585745902929799","authorId":3585745902929799,"name":"TBI","avatar":"https://community-static.tradeup.com/news/282bf6441b6c41fe9f0c97a7aa7d92ae","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.04","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.01.03","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9966491089,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"},{"id":104978406,"gmtCreate":1669604507187,"gmtModify":1669604520370,"authorId":3573010055867033,"author":{"id":3573010055867033,"idStr":"3573010055867033","authorId":3573010055867033,"name":"TrevorTan","avatar":"https://static.tigerbbs.com/2fd883779e40317e6fa915d0e5817339","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966491089,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":104978402,"gmtCreate":1669604501949,"gmtModify":1669604515086,"authorId":3581738832645942,"author":{"id":3581738832645942,"idStr":"3581738832645942","authorId":3581738832645942,"name":"虎视Tan","avatar":"https://static.tigerbbs.com/b8937bd48ee9805c92670bd1c3dd8e06","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966491089,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span class=\"s1\">👍</span>"},{"id":104978400,"gmtCreate":1669604494876,"gmtModify":1669604507902,"authorId":3574285437387408,"author":{"id":3574285437387408,"idStr":"3574285437387408","authorId":3574285437387408,"name":"4Leaf","avatar":"https://static.tigerbbs.com/e50bd7610a081120865db340972f9cab","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966491089,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span class=\"s1\">👍</span>"}],"langContent":"EN"},{"id":9966499429,"gmtCreate":1669604014462,"gmtModify":1676538212291,"author":{"id":"3561472805649521","authorId":"3561472805649521","name":"hlw8888","avatar":"https://static.tigerbbs.com/2ac2fb959ae09e12e50b3a31148fe95a","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3561472805649521","authorIdStr":"3561472805649521"},"htmlText":"i still waiting for them to come down more for me to put into my portfolio. 😅😂🤣","listText":"i still waiting for them to come down more for me to put into my portfolio. 😅😂🤣","text":"i still waiting for them to come down more for me to put into my portfolio. 😅😂🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966499429","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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\" 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.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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104978483,"gmtCreate":1669604763328,"gmtModify":1669604775712,"authorId":3579210010472476,"author":{"id":3579210010472476,"idStr":"3579210010472476","authorId":3579210010472476,"name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","vip":1,"currentWearingBadge":{"badgeId":"4e86300037264823b9bb00ff44fc0f19-6","templateUuid":"4e86300037264823b9bb00ff44fc0f19","name":"Live trading challenger","description":"for 12 months","bigImgUrl":"https://community-static.tradeup.com/news/b76669c276447115bf9cde881b0cba68","smallImgUrl":"https://community-static.tradeup.com/news/6d5ffd25685d045ade4bb948ef8fd5c3","grayImgUrl":"https://community-static.tradeup.com/news/076cd4597f6ea22aabdd4f6a12b2c293","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5600},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966499429,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"}],"langContent":"EN"},{"id":9966404369,"gmtCreate":1669602896552,"gmtModify":1676538212108,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559859558754319","authorIdStr":"3559859558754319"},"htmlText":"Well overpriced&nbsp;","listText":"Well overpriced&nbsp;","text":"Well overpriced","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966404369","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</title>\n<style 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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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104978165,"gmtCreate":1669602910942,"gmtModify":1669602923667,"authorId":3559859558754319,"author":{"id":3559859558754319,"idStr":"3559859558754319","authorId":3559859558754319,"name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.89%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966404369,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9966401531,"gmtCreate":1669602145923,"gmtModify":1676538211964,"author":{"id":"3577965120664925","authorId":"3577965120664925","name":"SR050321","avatar":"https://community-static.tradeup.com/news/7a02781de36c0ac0f4851adb1cee54ff","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577965120664925","authorIdStr":"3577965120664925"},"htmlText":"⚠️&nbsp;A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth. My suggestion: if buy, make sure have the holding power, must always remember why we buy it ? If for daily&nbsp;trading i think the volume not interesting enough. If for dividend the yield is not interesting enough, so why buy? Usually from the person who hold it for many years, just hold dont care up and down it will go up again 😅 so my conclusion it for Capital growth and at the same time gettingdividend to supplement your cost.&nbsp; Read the post from strait times in the picture, hope we can see guidance for 2023.&nbsp;","listText":"⚠️&nbsp;A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth. My suggestion: if buy, make sure have the holding power, must always remember why we buy it ? If for daily&nbsp;trading i think the volume not interesting enough. If for dividend the yield is not interesting enough, so why buy? Usually from the person who hold it for many years, just hold dont care up and down it will go up again 😅 so my conclusion it for Capital growth and at the same time gettingdividend to supplement your cost.&nbsp; Read the post from strait times in the picture, hope we can see guidance for 2023.&nbsp;","text":"⚠️ A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth. My suggestion: if buy, make sure have the holding power, must always remember why we buy it ? If for daily trading i think the volume not interesting enough. If for dividend the yield is not interesting enough, so why buy? Usually from the person who hold it for many years, just hold dont care up and down it will go up again 😅 so my conclusion it for Capital growth and at the same time gettingdividend to supplement your cost. Read the post from strait times in the picture, hope we can see guidance for 2023.","images":[{"img":"https://community-static.tradeup.com/news/d5e560d2f3604190809b8aa7305c4334"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":30,"commentSize":18,"repostSize":0,"link":"https://ttm.financial/post/9966401531","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta 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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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105018965,"gmtCreate":1669861635777,"gmtModify":1669861648689,"authorId":4116761348584932,"author":{"id":4116761348584932,"idStr":"4116761348584932","authorId":4116761348584932,"name":"vestigel","avatar":"https://community-static.tradeup.com/news/edc185938245e9cbd7b041bf2c8d1945","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966401531,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":105014769,"gmtCreate":1669849560734,"gmtModify":1669849573431,"authorId":4112142271876762,"author":{"id":4112142271876762,"idStr":"4112142271876762","authorId":4112142271876762,"name":"tiger cub","avatar":"https://community-static.tradeup.com/news/f7538dd3f071ae7750ffbe64fdfab2d6","vip":1,"currentWearingBadge":{"badgeId":"29815c1501c442c58b708482689df577-1","templateUuid":"29815c1501c442c58b708482689df577","name":"Emerging Contributor","description":"Contributors who received Editor's Pick for the 1st time","bigImgUrl":"https://static.tigerbbs.com/4ce9180a952c61a51c39f70d533b81a7","smallImgUrl":"https://static.tigerbbs.com/f98cf16cf4b858114f7ab9a779f9e6f1","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2005},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966401531,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"},{"id":104991133,"gmtCreate":1669692279198,"gmtModify":1669692291928,"authorId":3585481264509502,"author":{"id":3585481264509502,"idStr":"3585481264509502","authorId":3585481264509502,"name":"Pinkmuffin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966401531,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":104988707,"gmtCreate":1669682930516,"gmtModify":1669682943412,"authorId":3578181469213089,"author":{"id":3578181469213089,"idStr":"3578181469213089","authorId":3578181469213089,"name":"雨点尔","avatar":"https://static.tigerbbs.com/798290ed3e705acda62fcffc058d4628","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966401531,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">谢谢分享</span>","text":"<span class=\"s1\">谢谢分享</span>","html":"<span class=\"s1\">谢谢分享</span>"},{"id":104983628,"gmtCreate":1669637498325,"gmtModify":1669637511924,"authorId":4126689643025942,"author":{"id":4126689643025942,"idStr":"4126689643025942","authorId":4126689643025942,"name":"d72dka333","avatar":"https://community-static.tradeup.com/news/2f5ea1109872fca2805beba00f489896","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966401531,"type":1,"supId":0,"prevId":0,"content":"I'm ok thanks","text":"I'm ok thanks","html":"I'm ok thanks"}],"langContent":"EN"},{"id":9966401688,"gmtCreate":1669602087044,"gmtModify":1676538211956,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"Toby_Chua","avatar":"https://community-static.tradeup.com/news/82ec063fd73ccbceee82eab015cdf3fd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576326749731922","authorIdStr":"3576326749731922"},"htmlText":"Rate hike catalyst&nbsp;","listText":"Rate hike catalyst&nbsp;","text":"Rate hike catalyst","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966401688","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</title>\n<style 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}\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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9966403399,"gmtCreate":1669601739912,"gmtModify":1676538211910,"author":{"id":"4107063207857540","authorId":"4107063207857540","name":"LuckyPiggie","avatar":"https://community-static.tradeup.com/news/33330ac1fe6d6c956e10045c870d6f46","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"idStr":"4107063207857540","authorIdStr":"4107063207857540"},"htmlText":"Fed is the biggest loanshark&nbsp;[Sly]&nbsp;[Sly]&nbsp;[Sly]&nbsp;&nbsp;so are the banks&nbsp;[What]&nbsp;","listText":"Fed is the biggest loanshark&nbsp;[Sly]&nbsp;[Sly]&nbsp;[Sly]&nbsp;&nbsp;so are the banks&nbsp;[What]&nbsp;","text":"Fed is the biggest loanshark [Sly] [Sly] [Sly] so are the banks [What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9966403399","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105009395,"gmtCreate":1669803930364,"gmtModify":1669803943908,"authorId":4107063207857540,"author":{"id":4107063207857540,"idStr":"4107063207857540","authorId":4107063207857540,"name":"LuckyPiggie","avatar":"https://community-static.tradeup.com/news/33330ac1fe6d6c956e10045c870d6f46","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.04","exceedPercentage":"80.53%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966403399,"type":1,"supId":105006472,"prevId":0,"content":"look at olam today&nbsp; .. hahaha really knn  [Spurting]","text":"look at olam today&nbsp; .. hahaha really knn  [Spurting]","html":"look at olam today&nbsp; .. hahaha really knn  [Spurting]"},{"id":105006472,"gmtCreate":1669783382501,"gmtModify":1669783394893,"authorId":3576472032670521,"author":{"id":3576472032670521,"idStr":"3576472032670521","authorId":3576472032670521,"name":"EV8","avatar":"https://community-static.tradeup.com/news/49db5086746d5ad4581b298b77a14995","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 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class=\"s1\">Manipulator</span>"},{"id":104978071,"gmtCreate":1669602475245,"gmtModify":1669602488548,"authorId":3581650882917100,"author":{"id":3581650882917100,"idStr":"3581650882917100","authorId":3581650882917100,"name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966403399,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9966400403,"gmtCreate":1669601584203,"gmtModify":1676538211855,"author":{"id":"4097390762131420","authorId":"4097390762131420","name":"Titis","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4097390762131420","authorIdStr":"4097390762131420"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966400403","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</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{ 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#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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104978217,"gmtCreate":1669603342825,"gmtModify":1669603355739,"authorId":3568372592076919,"author":{"id":3568372592076919,"idStr":"3568372592076919","authorId":3568372592076919,"name":"Lichiun","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966400403,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">ok</span>","text":"<span class=\"s1\">ok</span>","html":"<span class=\"s1\">ok</span>"},{"id":104978195,"gmtCreate":1669603249173,"gmtModify":1669603262385,"authorId":3572736965372170,"author":{"id":3572736965372170,"idStr":"3572736965372170","authorId":3572736965372170,"name":"小虎投资123","avatar":"https://static.tigerbbs.com/306219307a94107db11a1de008b9af5f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966400403,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">hh</span>","text":"<span class=\"s1\">hh</span>","html":"<span class=\"s1\">hh</span>"}],"langContent":"EN"},{"id":9966577044,"gmtCreate":1669601444788,"gmtModify":1676538211773,"author":{"id":"3567239827558758","authorId":"3567239827558758","name":"tigernaut","avatar":"https://static.tigerbbs.com/66e331c670eb88443b88c6bdb76224cf","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3567239827558758","authorIdStr":"3567239827558758"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966577044","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</title>\n<style 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}\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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9966574683,"gmtCreate":1669601290042,"gmtModify":1676538211756,"author":{"id":"3578176602660058","authorId":"3578176602660058","name":"JimmySiew","avatar":"https://static.tigerbbs.com/865217a1248da3f0d11fd05e9280c2a7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3578176602660058","authorIdStr":"3578176602660058"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966574683","repostId":1174739263,"repostType":4,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104979378,"gmtCreate":1669608280881,"gmtModify":1669608294036,"authorId":3586987359612845,"author":{"id":3586987359612845,"idStr":"3586987359612845","authorId":3586987359612845,"name":"yingyingzoe","avatar":"https://static.tigerbbs.com/0334d7b658efcee4f8a876775ab43fd8","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966574683,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"}],"langContent":"EN"},{"id":9966575168,"gmtCreate":1669601108555,"gmtModify":1676538211724,"author":{"id":"3564660171292335","authorId":"3564660171292335","name":"Jinhao94","avatar":"https://static.tigerbbs.com/acdaf2c50efc732ad49148e15b3d4a6a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3564660171292335","authorIdStr":"3564660171292335"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9966575168","repostId":1174739263,"repostType":2,"repost":{"id":"1174739263","kind":"news","pubTimestamp":1669600112,"share":"https://ttm.financial/m/news/1174739263?lang=&edition=fundamental","pubTime":"2022-11-28 09:48","market":"sg","language":"en","title":"Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174739263","media":"The Smart Investor","summary":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a ","content":"<html><head></head><body><p>The local banks are riding high on interest rate hikes.</p><p><img src=\"https://static.tigerbbs.com/244aaef2db315c7358f83d13e1b6b0b3\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Singapore’s three banks have been enjoying a roaring good time.</p><p>The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.</p><p><b>DBS Group</b> (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.</p><p>Not to be outdone, <b>OCBC Ltd</b> (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.</p><p>Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.</p><p>Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.</p><p>Let’s dig deeper to see if this could happen.</p><h2>Not quite there yet</h2><p>DBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.</p><p>UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.</p><p>OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.</p><p>Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.</p><p>Inflation in the US was already creeping higher back in April 2021 at 4.2%.</p><p>The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.</p><h2>A wave of higher NIMs</h2><p>To understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.</p><p>Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.</p><p>As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).</p><p>We saw this phenomenon in 3Q2022.</p><p>OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.</p><p>Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.</p><p>All three banks have also quantified the effects of a higher NIM on their net interest income (NII).</p><p>For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.</p><p>The good news for the lenders is that the US Federal Reserve is not done yet.</p><p>It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.</p><h2>Earnings to head higher</h2><p>The consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.</p><p>DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.</p><p>And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.</p><p>Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.</p><h2>Macroeconomic risks to be wary of</h2><p>Share prices have a habit of tracking business performance.</p><p>Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.</p><p>That said, it’s important to note that macroeconomic risks continue to lurk.</p><p>A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.</p><p>High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.</p><p>As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.</p><p>High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.</p><p>There is a heightened risk of businesses facing financial difficulties.</p><p>Should this happen, the banks may have to increase their provisions to account for potential bad loans.</p><p>Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.</p></body></html>","source":"lsy1602567310727","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>Can the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?</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{ 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}\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\">\nCan the 3 Singapore Banks’ Share Prices Scale New All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"O39.SI":"华侨银行","U11.SI":"大华银行","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/can-the-3-singapore-banks-share-prices-scale-new-all-time-highs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174739263","content_text":"The local banks are riding high on interest rate hikes.Singapore’s three banks have been enjoying a roaring good time.The trio reported record net profits during the recent fiscal 2022’s third quarter (3Q2022) earnings.United Overseas Bank Ltd (SGX: U11), or UOB, saw its net profit jump 34% year on year to S$1.4 billion.DBS Group (SGX: D05), being the next to announce its earnings, posted arecord net profit of S$2.2 billion.Not to be outdone, OCBC Ltd (SGX: O39) chalked up a net profit of S$1.6 billion for 3Q2022, the highest in its history.Despite the stellar performance, the share prices of all three banks have yet to surpass their all-time highs.Looking ahead, investors may be curious to know if the share prices for all three banks can scale new heights.Let’s dig deeper to see if this could happen.Not quite there yetDBS is hovering at around S$35, around 6.7% off its all-time high of S$37.50.UOB and OCBC are a bit further off from their record highs compared with Singapore’s largest lender.OCBC is trading 8.9% below its record-high of S$13.54 while UOB’s share price is 9.2% lower than its all-time high of S$33.33.Incidentally, these highs were all achieved earlier this year in February after news broke of the US Federal Reserve’s intention to raise interest rates to combat decades-high inflation.Inflation in the US was already creeping higher back in April 2021 at 4.2%.The gauge of consumer prices broke past 6% in October last year and hit 7.9% in February, prompting the central bank to make its first move to raise interest rates in March.A wave of higher NIMsTo understand why the banks touched an all-time high earlier this year, it’s necessary to understand the impact of higher interest rates on their business.Simply put, a rise in overall interest rates allows banks to loan out money at higher rates.As it takes time for deposit rates to catch up, the banks will then benefit from higher net interest margins (NIMs).We saw this phenomenon in 3Q2022.OCBC took the trophy with a NIM of 2.06%, while DBS and UOB reported a NIM of 1.9% and 1.95%, respectively.Note that these NIMs were significantly higher than a year ago when the average NIM across the three banks was just 1.5%.All three banks have also quantified the effects of a higher NIM on their net interest income (NII).For every percentage point increase in benchmark interest rates, DBS, UOB and OCBC will enjoy a 22.5%, 9.4% and 11.9% uplift to their 2021 NII, respectively.The good news for the lenders is that the US Federal Reserve is not done yet.It still plans to continue raising interest rates well into 2023, albeit at smaller magnitudes than the four consecutive “jumbo” hikes of 0.75 percentage points each.Earnings to head higherThe consensus seems to be that the banks will continue reporting sparkling sets of financial numbers in tandem with the continued rise in interest rates.DBS expects its NIM to reach 2.25% by the middle of next year while OCBC reported that its fourth-quarter NIM was already above 2.1%.And as markets slowly recover from the wave of pessimism, fund flows should also start trickling in, benefitting the banks’ asset and wealth management arms.Fee income could witness a rebound and help to further boost bank earnings as we head into 2023.Macroeconomic risks to be wary ofShare prices have a habit of tracking business performance.Therefore, should the three banks report higher profits in the quarters ahead, there is a good chance that their share prices could also charge ahead and surpass their previous all-time highs.That said, it’s important to note that macroeconomic risks continue to lurk.A recession could be on the cards and such an event will significantly crimp consumer demand, resulting in weaker or even negative loan growth.High inflation also poses a challenge for many businesses as consumers tighten their wallets and spend less.As companies face dwindling demand, they will also hold back from expanding their operations and delay adding capacity.High interest rates are no help here, pushing companies to be more conservative rather than binging on debt.There is a heightened risk of businesses facing financial difficulties.Should this happen, the banks may have to increase their provisions to account for potential bad loans.Investors need to balance the good with the bad and be prepared to monitor the banks to see how things pan out.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104978085,"gmtCreate":1669602541601,"gmtModify":1669602554688,"authorId":3581476554875043,"author":{"id":3581476554875043,"idStr":"3581476554875043","authorId":3581476554875043,"name":"WilKoh","avatar":"https://static.tigerbbs.com/361eba2ae11ac6c3003fa8380c9f0705","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966575168,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"},{"id":104977844,"gmtCreate":1669601296066,"gmtModify":1669601309219,"authorId":3578176602660058,"author":{"id":3578176602660058,"idStr":"3578176602660058","authorId":3578176602660058,"name":"JimmySiew","avatar":"https://static.tigerbbs.com/865217a1248da3f0d11fd05e9280c2a7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966575168,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":104977833,"gmtCreate":1669601170014,"gmtModify":1669601182872,"authorId":4088111569952180,"author":{"id":4088111569952180,"idStr":"4088111569952180","authorId":4088111569952180,"name":"Pita2","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9966575168,"type":1,"supId":0,"prevId":0,"content":"<span 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