Latest Forum Topics / Genting Sing Last:0.87 -0.005 | Post Reply |
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iPunter
Supreme |
15-Dec-2010 18:00
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This is not scolding, lah... But I do find EPLiew mischievous at the first opportunity...
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epliew
Supreme |
15-Dec-2010 17:59
Yells: "no worries be happy !" |
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BT 师傅...... we need you to be back asap ! |
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iPunter
Supreme |
15-Dec-2010 17:56
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This is utterly true... and Dilbert will agree too... Some time back, there was this TV game show in which many dogs accompany their own owners. When the audience participants were asked if the dogs looked like their owners, some of them swear that the dogs look like their owners. Such is the extent to which humans go to demonstrate their prejudices...
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epliew
Supreme |
15-Dec-2010 17:55
Yells: "no worries be happy !" |
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ha ha "did nothing and get scolding."
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iPunter
Supreme |
15-Dec-2010 17:49
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You ah... why u so like dat?... u give me extra work... My Starbucks expatriate 'kaki' said he 'blur'... couldn't understand that line, so asked me to translate for him...
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epliew
Supreme |
15-Dec-2010 17:48
Yells: "no worries be happy !" |
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u are so humble ...... are u driving a honda civic ?
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epliew
Supreme |
15-Dec-2010 17:46
Yells: "no worries be happy !" |
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SINGAPORE : Singapore banks have disappointed investors in 2010, with depressed interest rates impacting net interest margins. Some analysts expect 2011 to present perhaps an even more challenging environment with headwinds from low interest rates and rising expenses. Analysts also have mixed views on the prospects of loans growth. The only Singapore bank to have given positive returns to investors this year is OCBC. It overtook DBS in November as the largest bank in Southeast Asia by market capitalisation. OCBC's current market capitalisation is about S$32.71 billion, or about S$0.3 billion more than DBS and S$4.5 billion ahead of UOB. OCBC's share price jumped after several analysts upgraded their ratings, following strong third-quarter results. But even under the long shadow cast by low interest rates, Singapore banks turned in a decent performance in 2010, recovering fully from the financial crisis of 2008, and gearing up to make new investments. Their earnings were partly boosted by non-interest income and partly by a decline in loan provisions, which were above normal last year. Kenneth Ng, head of Singapore Research, CIMB Research, said: "Fee income did do well, provisions fell - and those two reasons were main reasons for 2010 (growth). All banks did better than expected, also because equity markets did well... All three banks had strong performances from trading related gains." Experts are expecting banks to continue to do well in 2011, but they are likely to face road blocks - both new and old. Interest rates, which are near historic lows, will make it difficult for banks to deploy funds profitably. At the same time, staff costs are rising, and their high trading income this year may be tough to match in 2011. Alfred Chan, director, Financial Institutions, Fitch Ratings, said: "Interest rates have been low since 2009 - it's already been two years - I think it has clearly impacted the banks in terms of margins. Because they are sitting on a lot of deposits, they can't do much lending, so margins have been gradually coming down. "For interest rates, I think there's a bit less downside to interest rates because it's already at historic lows. So the downside to the bank's bottom lines is therefore that much lower. Actually, there is more upside if interest rates were to gradually increase again. "And interest rates tend to be low to support an economic recovery. And to such time an economic recovery is more certain, I think interest rates may continue to be at lower levels." The three month Singapore Interbank Offer Rates, or SIBOR, is currently at about 0.44 per cent, down from around 0.51 per cent at the end of September. Interbank rates are expected to remain depressed, partly because of the recent quantitative easing measures adopted by the US. Some analysts believe the pressure on banks' margins could be offset by loans growth. But there are views that loan demand, especially for mortgages, could cool if there are further property cooling measures next year. Tightening measures introduced so far include the requirement of a higher upfront cash payment for loans to homebuyers with existing mortgages. Mr Chan said: "Much of the growth in the recent years has been on mortgages which have really just been domestic-based. And because property prices have been recording fairly good pick-up in activities, so a lot of lending has been going there. But because prices have also risen quite significantly, there are also some risks associated with prices rising too fast. "So I expect some moderation to happen in terms of mortgage lending activity, particularly so for the construction sector because some of these property measures ultimately have a negative impact on some of the construction sector." Mr Ng said: "Loan growth has come from about flat, from next to nothing a year ago to now about 13 to 14 per cent. The good thing about loan growth is that while early in the year, while loan growth was mostly mortgage driven, that is now broadened now. "We see more business lending. We see in particular a lot of construction loan growth coming, though the regulatory measures should at this moment curb mortgage loan growth - that will probably be 12 months down the road. "In the meantime, because there's so much land issued out for developers to bid, we think that building and construction loan growth will do very well. And business - the broadening out of loans for business will continue. We expect a low teens growth rate for 2011, to be realistic." For investors looking for opportunities, CIMB said DBS shares stand out because of their undemanding valuations. It also believes DBS is well-positioned for growth, with a strong boost expected from its treasury earnings. CIMB is optimistic that OCBC's private banking arm will continue to do well for the bank, but the stock is currently trading at a premium to its peers. Observers expect Singapore banks to continue to venture overseas and believe Indonesia will be a key market for their future expansion. Mr Chan said: "Singapore is already a very saturated market, it's fairly mature already. Banks over the last decade have been looking to grow outside of Singapore - that's where the key driver of earnings will come from - probably Indonesia where credit penetration continues to be one of the lowest in the region. |
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eastcivic
Elite |
15-Dec-2010 17:46
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having the knowledge of reading charts is no use if i do not have the discipline to make the correct decisions. one similar chart may have many different interpretations by different people. alot of people like see only the things they like to see
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epliew
Supreme |
15-Dec-2010 17:38
Yells: "no worries be happy !" |
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i think gaecia has a point to make her..... hear her thoughts or .......
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epliew
Supreme |
15-Dec-2010 17:34
Yells: "no worries be happy !" |
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ya very mad too! .... the charts showing the macd moving up slightly and stochastic 80% touches the line and william % -20 touch the line again....
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epliew
Supreme |
15-Dec-2010 17:30
Yells: "no worries be happy !" |
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surely a more encouraging statistic. but as gaecia explained and ur skill in reading the chart will help you in decision making process ........
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eastcivic
Elite |
15-Dec-2010 17:16
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better than sell-down to 2.11 right? :D
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Citigold
Senior |
15-Dec-2010 17:15
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Still holding to Gen SP at $2.20 :)
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eastcivic
Elite |
15-Dec-2010 17:15
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lol i assume you referring to me? yes! i asked and i received! thank you thank you!
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Gaecia
Elite |
15-Dec-2010 17:15
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epl u dun ask me anymore. I'm shutting down rightaway! Anyway i'm really dog tired, too many on screen hrs today. bye all and shalom!
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firewood
Master |
15-Dec-2010 17:12
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:( Mad must find ppl to scold :( I plan to cut tmr also :(
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cannotfind
Elite |
15-Dec-2010 17:11
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hehe.. sorry.... I mad lor... cause I force sell it just now at 2.12 for GEN
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firewood
Master |
15-Dec-2010 17:09
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Yi bo tai bo ji kenna scolded? I am talking about SAR leh :(
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epliew
Supreme |
15-Dec-2010 17:09
Yells: "no worries be happy !" |
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good news for you ?
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cannotfind
Elite |
15-Dec-2010 17:07
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good??? 24mil buy, 42mil sell... you work out the maths la
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