rayhui79
2023-04-10

[微笑]//@koolgal:

🌟🌟🌟I like using UOB One Account as I can earn up to 7.8% interest per annum through my credit card spend and GIRO transactions and park my spare cash into UOB Stash account. 

 However my favourite bank stock is DBS which has reported record earnings for FY 2022.    DBS' 4th quarter net profit reached a record SGD 2.34 billion and has rock solid balance sheet with CET1 ratio at 14.6%.  Best of all DBS has rewarded me with great dividends to. With the special dividends of 50 cents per share plus 42 cents final dividend, DBS paid SGD 2 per share for FY2022, a juicy dividend yield of 5.8%.

I believe that DBS will continue to grow exponentially in the future and is resilient through good times and bad times.  

Go Long Go Strong Go DBS! 

@SGX_Stars  

🎁SG Banks Well Performed in Q422: DBS, UOB & OCBC Highlights!

@SGX_Stars：
Today, we hear more from Beansprout, a MAS-licensed investment advisory platform offering expert insights on Singapore stocks, REITs, ETFs and bonds. Gerald Wong, founder and CEO, shares his thoughts on market developments. Q: The results of Singapore banks are always closely watched. What are some of the key takeaways from the results? Share your insights on banks services and stocks potential to win Tiger coins. [Miser] From Gerald, founder and CEO of Beansprout: SG Local banks reported stellar results for 4Q22, ending the year with strong performance. All three declared higher dividends, as their interest income grew solidly on the back of interest rate hikes. Data from trading view Net interest income drove higher profits. The strong earnings for 4Q22 was driven by an increase in net interest income. Net interest margin (NIM) rose to record levels, as lending rates rose at a faster rate than funding costs. Non-interest income, however, was negatively impacted by rising rates. All three banks reported lower non-interest income. Higher rates dulled the appeal of stocks and bonds. This hurt fee income from wealth management and investment banking, as well as trading profits. Source from #whatstrending feat. Beansprout Asset quality remains healthy. Despite concerns about slowing economic growth, the asset quality of the banks remains healthy. Non-performing loans (NPL) as % of total loans improved for $DBS GROUP HOLDINGS LTD(D05.SI)$ and $OVERSEA-CHINESE BANKING CORP(O39.SI)$ in 4Q22. $UNITED OVERSEAS BANK LIMITED(U11.SI)$ ‘s NPL rose marginally due to the integration of its newly acquired $Citigroup(C)$ credit card business in November. Source from #whatstrending feat. Beansprout Dividends were raised. With improvements in profitability and returns, all three banks raised their dividends in FY22. Based on their share prices as of 28 February 2023, Singapore banks offer a dividend yield of between 4.5% to 5.9%. Source from #whatstrending feat. Beansprout Source from #whatstrending feat. Beansprout 💡 Questions For You: 1) Which bank’s services that you are using？How do you like it？ 2) Which bank you are more like to choose to invest？Why? 🎁Prizes 🐯All Tigers who comment on the following post will receive 5 Tiger Coins. 🐯10 Tigers will receive 50 coins for the highest-quality comments. ⏰Duration 7 April 2023-14 April 2023$Tiger Brokers(TIGR)$
🎁SG Banks Well Performed in Q422: DBS, UOB & OCBC Highlights!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（26）

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  • NiceOne
    ·2023-04-10
    Quite an extraordinary analysis, man. You're amazing!
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  • Kokkeng1119
    ·2023-04-10
    [微笑] [微笑] [微笑]
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  • banchin
    ·2023-04-10
    Me, too
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  • msms01
    ·2023-04-10
    k
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  • CG110018
    ·2023-04-10
    K
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  • Huatchin
    ·2023-04-10
    Ok
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  • Or
    ·2023-04-10
    [like]
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  • Soonest
    ·2023-04-10
    Good
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  • 流星雨__
    ·2023-04-10
    6
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  • pipiso
    ·2023-04-10
    nice
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  • Bunifa Latif
    ·2023-04-10
    Ok
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  • MrHo
    ·2023-04-10
    ok
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  • kvchiew
    ·2023-04-10
    👍
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  • Lkc
    ·2023-04-10
    [微笑]
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  • peirong37
    ·2023-04-10
    [呆住]
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  • JHT
    ·2023-04-10
    [smile]
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  • TCC1970
    ·2023-04-10
    Alright
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  • PeterLim
    ·2023-04-10
    Ok
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  • Amiter
    ·2023-04-10
    [微笑]
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  • HenryHTS
    ·2023-04-10
    lk
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