Latest Posts By niuyear
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| 01-Sep-2009 16:44 |
DBS
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DBS
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DBS Group Names Citigroup’s Gupta as Chief Executive (Update3) By Joyce Koh Sept. 1 (Bloomberg) -- DBS Group Holdings Ltd., the biggest Southeast Asian bank, hired Citigroup Inc.’s Piyush Gupta as chief executive officer, ending a five-month search for a new leader after predecessor Richard Stanley died. Gupta, 49, will join DBS in November, and his appointment is subject to regulatory approval, the lender said in a statement to the Singapore stock exchange. Gupta is Citigroup’s CEO for Southeast Asia-Pacific, the company said. DBS, whose second-quarter profit fell 15 percent, is turning to Citigroup for a top manager for a second time in less than two years. Stanley, who was Citigroup’s top China banker before DBS hired him in February 2008, died in April after being diagnosed with leukemia. “The focus at DBS has gone back to commercial banking, and the fact that Gupta is a commercial banker shows there will probably be no change in the bank’s strategic direction,” said Tay Chin Seng, an analyst at Macquarie Capital Securities who rates the stock “neutral.” DBS rose 2.2 percent to S$12.92 at 2:30 p.m. in Singapore trading after a stock suspension was lifted. The bank’s shares have rallied 54 percent this year. “Piyush is strategic, yet detail oriented; and has the ability to nurture high-performing teams,” DBS Chairman Koh Boon Hwee said in the release. Beating Estimates Koh, 59, has run DBS since Stanley’s diagnosis in January. The same week that Stanley died, Koh told a shareholder meeting that the executive was “on track” to return to work, the Straits Times reported on April 9. In an April 11 statement announcing Stanley’s death, DBS said his condition “deteriorated rapidly” in the last 48 hours. Last month, DBS reported a smaller-than-estimated decline in second-quarter profit to S$552 million ($384 million) as income from stock broking, investment banking and wealth management rose. It joined Singapore-based rivals Oversea- Chinese Banking Corp. and United Overseas Bank Ltd. in reporting profit that beat analysts’ forecasts, as this year’s stock rally boosted fees. DBS has turned to Citigroup for more than managers. The U.S. bank helped arrange DBS’s S$4 billion rights offering in December. The Singaporean lender, armed with cash from the sale, is among potential buyers of ING Groep NV’s private banking operations, people familiar with the matter said last week. Citigroup Veteran Gupta joined Citigroup, the bank bailed out by the U.S. government, in India in 1982. He held various executive positions at the lender including head of its Malaysian operations and head of its Southeast Asia regional markets and investment banking business. In Malaysia, Gupta expanded Citigroup’s network from three branches to seven, and opened the bank’s first new outlet in 48 years. “Piyush has made a tremendous contribution to Citi in his 27-year career with the bank,” Citigroup’s Asia-Pacific CEO Shirish Apte said in an e-mailed statement. “His decision to leave is a personal one and we wish him well in his future endeavours.” To contact the reporter on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net Last Updated: September 1, 2009 02:42 EDT |
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| 27-Aug-2009 16:35 |
Others
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STI to break 2640 ??
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Imagine singapore stock exchange only got couple of hundreds of stocks whereas, DOW has how many thousands of stocks.....
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| 27-Aug-2009 16:21 |
DBS
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DBS
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DBS is invited by ING to bid for its private banking operation in asia and switzerland.........Just monitor and see if something could come out from here. I am still wilful hoping if our DBS could join force with insurance company like - NTUC income....wilful thought only. |
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| 25-Aug-2009 14:44 |
Others
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lacks idea. do this
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No matter how well we are informed of US news or its market/business activities, we still unable to be very sure of its everyday performance. We can only guage or guess unless we got insiders' info or we are forever guessing.. |
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| 25-Aug-2009 12:19 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Wow seh! ,great chart! STI 3272! Hold some and take chances. Tks bro for posting the chart and we will DYODD.
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| 25-Aug-2009 11:22 |
Olam Intl
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Ramping up its capex
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Temasek bought at $1.60 and they are sitting on profit. But, when they sell, they will not publicise until may be weeks later. I think present price looks like quite expensive to buy. Maybe wait a while later and monitor Temasek's action.
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| 21-Aug-2009 16:47 |
Seatrium
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Sembmarine
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Yeah you are right about MFT. But, i just read it and use as a guide and usually, will wait for few days to monitor stock price before i buy or i dont buy at all if not sure. Reason for me to post because i happen to read this report and when i just logged on, this stock appeared within the top 15 stock when i logged on. p/s - Those MFT's report if always bullshit, should report them to some authority to take action.
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| 21-Aug-2009 16:22 |
Seatrium
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Sembmarine
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DBS vickers got a 'buy' for this at TP 3.70. Though the share price might be affected by US$ movements, but , FA wise, the call looks reasonable. I have so far observed their analysts' reports on few stocks and found the performance of stocks results not too far away from their report. e.g - DBS's has rating of 'neutral' call for SMRT at tp $1.65 and now it is trading at 1.66. |
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| 21-Aug-2009 16:15 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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lol! what is Red head fish? or parraot? hahaha, you guys got a lot names for STI! | |||||||||||||
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| 21-Aug-2009 14:57 |
Olam Intl
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Ramping up its capex
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David Heng, Temasek's managing direcotr said n June'09 that 'We are investing in Olam because it fits well with our investment theme of supporting emerging global ch'ampions,” The former Temasek CEO ,Goodyear said last year that " the China and India will lead the “next multi-decade” increase in commodity prices, he said in September at the CLSA Investors’ Forum in Hong Kong. He compared this period to the Industrial Revolution of the mid-18th century. I am also looking at its good entry price to enter this stock since : Temasek has had investment in Olam since 2002 - 2006 and held 4.9% stakes . Now, they become 2nd largest shareholder in Olam. Looks like they are supporting 'Emerging countries', (China and India) and they believe strongly the increase in commodity price in years to come. Share price of Olam had been incresed from 1.60 till today's price. Emerging countries got more potential upside than singapore and those developed countries. Commodity looks set to rise. But - Except i am still searching for answers of my doubt - should we just buy stocks that are closely linked to emerging countires, but, listed in s'pore stock exchange or should we buy stocks that are listed in those emerging countries stock exchange itself? |
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| 21-Aug-2009 12:59 |
Midas
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Midas
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I like this comment - Conspiracy. If big players start to buy when it was at very low price and they keep buying all the way up and chart will look like 'uptrend', then analysts chip in to raise target price and couple with good earning report, It will become a 'controlled' counter by big players.
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| 21-Aug-2009 12:38 |
StarHub
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Starhub
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tks! will monitor its dividend and enter when i think price is right. For telco business, this one much cheaper than singtel to buy. :) | |||||||||||||
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| 20-Aug-2009 11:40 |
StarHub
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Starhub
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few mths ago before the CD, I bought around 1.86 and latet went up 2.10 then followed by dividends. I wonder can get at this price again? 1.86?
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| 20-Aug-2009 11:36 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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'Malamine in the milk powder' saga still not solved yet thats why SSE 'lao sai'. | |||||||||||||
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| 20-Aug-2009 10:36 |
User Research/Opinions
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What might happen 'IF' USD crashes eventually
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When Buffets start to talk about currency, i think there is going to be a currency crisis soon? And this time round, dont tell me is US$? Remember how much George Soros made during the sterling pounds crisis? followed by Thai baht that led to asian crisis 1997 and now may be US$? If it is so, our Temasek has indeed, made a good decision to exit Bank of America and venture into China market . China rawks......
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| 19-Aug-2009 16:39 |
Others
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How to Swing /Opportunity / Position Trade?
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You 'may be' right to short the market of developed country like US,singapore etc..... See Credit Sussie's report below telling people sell short developed countries' equity for emerging countries will have faster economic growth than those developed countries..............
Buy Emerging-Market Stocks on Dip, Credit Suisse Says (Update1) By Shiyin Chen Aug. 19 (Bloomberg) -- Investors should buy emerging-market stocks amid declines this month because valuations aren’t expensive even after their gains this year, according to Credit Suisse Group AG. Shares in developing nations are trading at about 12.7 times reported earnings, just 5 percent higher than the levels seen at the start of previous rallies, Credit Suisse analysts Sakthi Siva and Kin Nang Chik said in a report. Global emerging market stocks may offer an “upside potential” of 25 percent in the next 12 months, they added. The MSCI Emerging Markets Index has slipped 4.2 percent from this year’s high set on Aug. 3, trimming gains so far in 2009 to 46 percent. Indexes in developing nations account for all 10 of the world’s best performers this year, led by Peru, Indonesia and Sri Lanka, Bloomberg data show. “The starting point of this rally was more depressed global emerging market valuations,” the analysts wrote. “With August seasonally the worst month for global emerging markets, we suggest buying on the dips in August.” Emerging-market shares are trading at about 1.9 times book value, “marginally below” their historical averages, the Credit Suisse analysts said. Dividend yield of 2.7 percent is higher than their long-term averages, they added. Economic Growth Investors should buy emerging market stocks and sell equities in developed nations short because emerging economies will have faster economic growth and their shares are cheaper, Societe Generale SA said this week. The MSCI Emerging Markets Index trades at 13.86 times the bank’s 12-month earnings forecast, below the 15.89 multiple for MSCI’s EAFE Index of developed stocks, wrote Rebecca Cheong, senior equity derivatives strategist for Societe Generale in New York. Emerging economies may expand by 4.8 percent next year, compared with 3 percent for developed nations and 2.2 percent for the U.S., economists at the French bank estimate. “Even after production improves from historically low levels, healthy consumer demand will still be needed for a real recovery, which has not yet” occurred in developed markets, Cheong wrote. “With little hope of immediate strong export pick- up, countries will need to rely on internal growth, which is more favorable for emerging-market countries based on recent retail numbers.” To contact the reporter on this story: Shiyin Chen in Bangkok at schen37@bloomberg.net Last Updated: August 18, 2009 23:13 EDT
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| 19-Aug-2009 16:23 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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hahaha! STI got weak body! You know the Merlion was hit by lightning and got a hole on its head . They should rebuild and not just patch up the hole. Build a male one, without the mane. Build more Merlions all around singapore area to ward of the evil spirit.........LOL
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| 19-Aug-2009 15:00 |
Others
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ShangHai SSE mkt lead US DJ ??
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If China stop buying US's bad-loan, then, US will be in big shit. If China ask them to pay back the debts and guess what? Citigroup becomes China-Citi bank! LOL. That will be the day SSE will be the leader to lead the world.
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| 19-Aug-2009 12:18 |
UOB
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UOB
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I bet on citigroup cos its share price is the most battered and now the cheapest of the bank shares. If you didnt miss 2 week or 3 weeks ago when it was down till 2.78.....you would have made some cos it has risen to US$4. Back banks are back.... If it picks up 1 or 2 years later, i am sure citigroup could be way above US$4..
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| 19-Aug-2009 12:07 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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I am always looking out for some 'anticipated' daily chart for DOW and STI one day before actual day but cant find such website. I thought i heard over radio ytd that STI might trend down to support at 2480?
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