There dun seems to have clear indicator (tug a wall seem at -20 to +10 during last hrs, tho close very sharply upwards) from walls street on the upbeat of the higher QE release yet.

I bet afternoon sell off very likely, those who plan to buy in the morning got to be very fast (intra day trading).

Likely to take till next week for everthing to settle down.

Tags: DBS Group | Dbs Group Holdings

WRITTEN BY THOMSON REUTERS

THURSDAY, 04 NOVEMBER 2010 08:33

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail DBS (DBSM.SI), Southeast Asia’s biggest lender, posted a record quarterly profit on Thursday and joined rivals in beating expectations as falling bad debts and strong trading income helped it overcome low interest rates. But weak margins on loans at Singapore banks due to low US rates and an expected economic slowdown in the months ahead could slow the pace of earnings recovery this year. “This year we have been able to leverage the strength of our customer franchise to expand our loan book and increase cross-sell, thus mitigating the effects of headwinds in a low rate market,” CEO Piyush Gupta said in a statement.  “Going forward, we will continue to focus single-mindedly on execution so as to consistently deliver quality earnings. DBS posted a net profit of $722 million in July-September against $563 million a year earlier, up 28%. That compared with an average forecast of $645 million, according to seven analysts surveyed by Reuters. Bad debts declined 26% to $195 million from a year earlier. DBS’s smaller rivals Oversea-Chinese Banking Corp (OCBC.SI) and United Overseas Bank (UOBH.SI) have both announced better-than-expected quarterly earnings. Asian banks have benefited from the region’s strong economic recovery which has helped reduce bad debts and boosted loan growth. DBS said loans grew 15% in the third quarter from a year earlier, faster than UOB’s 8.7% expansion, but slower than OCBC’s 29% growth. Net interest income, however, dropped 5% to $1.08 billion as net interest margins declined by 23 basis points, compared with an 18-basis-point decline for OCBC and 32 basis points for UOB. Fee and commission income for DBS fell 6% to $340 million, while trading income more than doubled to $235 million. The revival of Singapore’s IPO market this year is expected to help DBS earn more investment bank fees as it advised on the share sale of Global Logistic Properties’ (GLPL.SI) US$3 billion ($3.9 billion) and Mapletree Industrial Trust’s (MAPI.SI) US$720 million listing. Singapore bank shares have underperformed the broader market this year as investors are concerned about weak margins as well as an economic slowdown in the next few quarters after a strong first half. DBS shares are down 8.4% so far this year, underperforming both its rivals. UOB shares are down about 6% while OCBC, which has been bolstered by its private bank, is the only Singapore bank in the black this year, up 2.2%. The overall Singapore index <.FTSTI> has climbed about 11% since the start of the year.

Tags: Ch Offshore | Cosco Corp. Singapore | Cosco Corporation (S) | Cosco Corporation (Singapore) | DBS Group | Dbs Group Holdings | Lippo-Mapletree Indon Retail T |Mercator Lines | Mercator Lines (Singapore) | Rotary Engineering | Total Access Comm Pcl

WRITTEN BY THE EDGE

THURSDAY, 04 NOVEMBER 2010 08:20

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail The following companies may have unusual price movements in trading today, say Thomson Reuters and Bloomberg. Share prices are from the previous close. Singapore’s Straits Times Index rose 0.6% to 3,224.97. Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 2.2% in London yesterday, taking its five-day decline to 8.7%.Mercator Lines (Singapore) (MRLN SP), an Indian bulk carrier, slid 1.8% to 27.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, climbed 3.9% to $14.76. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, gained 2.7% to $1.94. The company its third-quarter net profit more than doubled to $55.1 million from $22.3 million a year earlier. CH Offshore (CHO SP): The operator of offshore support vessels used in the oil and gas industry said first-quarter net income declined 20% to US$8.2 million ($10.5 million) from a year earlier. The stock was unchanged at 53.5 cents. DBS Group Holdings (DBS SP), Southeast Asia’s biggest bank, said third-quarter net income increased 28% to $722 million from a year earlier. Analysts had expected profit of $655.9 million, based on the average of eight analyst estimates compiled by Bloomberg. DBS rose 0.7% to $14.10. Total Access Communication Pcl (DTAC SP): Thailand’s second-largest mobile-phone company expects its revenue will grow between 7% and 9% this year, driven by data and non-voice businesses, Chief Executive Officer Tore Johnsen said. Its shares gained 2.2% to US$1.39 ($1.8) when it last traded on Nov 1. Singapore-listed real estate investment trust Lippo-Mapletree (LMRT.SI) said on Wednesday its third-quarter distributable income fell 10.3% to $11.7 million from a year ago mainly due to the effect of foreign exchange rates used for translating revenues in Indonesian Rupiah to Singapore Dollars. Singapore oil and gas infrastructure services provider Rotary Engineering (ROTE.SI) said on Thursday its third-quarter net profit fell 4% to $10.2 million from a year ago mainly on higher operating expenses and foreign exchange loss.

Tags: DBS Group | Dbs Group Holdings

WRITTEN BY BLOOMBERG

THURSDAY, 04 NOVEMBER 2010 08:11

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail DBS Group Holdings, Southeast Asia’s biggest bank, reported third-quarter profit that beat analysts’ estimates as loan growth outweighed narrowing interest margins. Net income climbed 28% to a record $722 million in the three months ended Sept. 30, from $563 million a year earlier, the Singapore-based company said in a statement today. That beat the $655.3 million average of nine estimates compiled by Bloomberg. DBS, led by Chief Executive Officer Piyush Gupta, is benefiting from a revival in credit growth as Asia’s economic expansion outpaces the rest of the world. That has spurred profit even as income from lending is crimped by low borrowing costs in Singapore and Hong Kong. “Stronger loan momentum, and evidence that some fee-related initiatives are beginning to bear fruit” makes DBS a preferred pick, Robert Kong, a Singapore-based analyst at Citigroup Inc., wrote in a report on Oct 22. Net interest income, or the difference between what the bank makes from lending and pays on deposits, rose 1% from the previous quarter to $1.1 billion. Loans rose 1%, spurred by corporate borrowing across Asia as well as home loans in Singapore. The net interest margin, a measure of loan profitability, declined four basis points to 1.8%. Total loans in Singapore rose 12.1% from a year earlier to $309.4 billion in September, data from the Monetary Authority of Singapore show. Non-interest income fell 2% from the previous quarter to $730 million, dragged down by a drop in loan-related fees, DBS said. Investment banking revenue rose, while trading income growth slowed, the statement said.

Singapore Stocks-May open higher; DBS in focus

04 Nov 2010 - 08:00

    SINGAPORE, Nov 4 (Reuters) - Singapore shares may open higher 
on Thursday after Wall Street rose overnight on the Federal 
Reserve's announcement it would buy $600 billion of debt to 
breathe new life into the struggling U.S. economy. 
 DBS , Southeast Asia's biggest lender, may be in 
focus after it posted record quarterly profit and joined rivals 
OCBC and UOB in beating expectations as falling bad debts and 
strong trading income helped it overcome low interest rates. 
[ID:nSGE6A206H] 

Correction for STI should be around next week as well.

Watch for cues from Dow. 

Australia is moving up now at this time.

+25 points. 

600B in fresh money and 250 to 300B reinvestment from old money.

Total 850B to 900B.

Regional markets having mixed reactions depending on how much of QE2 has been priced in.

Australia Down, Japan Up. 

Analysts are expecting a 5% correction to Dow over the next week or two.

I am expecting the same for STI given the recent run-up.

So advisable to be prudent today.

Game plan today would be on specific counters with potential good earnings announcements this week or next week. 

Otherwise it will be prudent to take some profits off the table before market closes today, in view of the long weekend. 

500 billion was the expected amount.

The Fed is promising more than expected, between $850 to $900 billion.

Beating consensus estimates.

Whatever it is, it may be prudent to take some profits off the table before market closes.

In view of the long weekend. 

BullishTempo      ( Date: 04-Nov-2010 04:19) Posted:   To implement the Federal Reserve’s new policy of quantitative easing, the New York Fed plans to buy $850 billion to $900 billion in Treasury notes over the next five months, including $600 billion in new purchases and about $250 billion to $300 billion to reinvest the proceeds of maturing mortgage-backed securities, the New York Fed announced Wednesday

Hmm.. based on that market will drop a little today ?

CNA reports that the bailout not as strongly received as expected.

which would explain why closing only up by 25 pts.

money nv slps.

haha

anyway, given the performance of US market, i expect the STI to rise also, will encounter 1 period of profit taking before closing positively.

i not going in today liao, just getting out of genting hk. the forex rate dropped again. continue dropping like this, i can just save the money use it for US trip in future. haha.