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Which Singapore-Listed Bank Had the Most Resilient Set of Q1 FY2021 Results? (guest post)

Which Singapore-Listed Bank Had the Most Resilient Set of Q1 FY2021 Results? (guest post)

Which Singapore-Listed Bank Had the Most Resilient Set of Q1 FY2021 Results?

This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2,000 followers.

All 3 Singapore-listed banks (in DBS, UOB, and OCBC) have reported their business updates for the first quarter of the financial year 2021 ended 31 March 2021.

As a shareholder of all 3 banks, I have reviewed and posted a summary when their results were released. In case you’ve missed out, you can find them below:dbs-bank-blog-imageDBS: https://www.thesingaporeaninvestor.sg/2021/05/04/dbs-group-holdings-q1-fy2021-business-updates-key-highlights-and-my-thoughts/

uob-bank-blog-imageUOB: https://www.thesingaporeaninvestor.sg/2021/05/06/my-review-of-uobs-latest-q1-fy2021-business-update/

Views of OCBC Bank Branches Ahead Of EarningsOCBC: https://www.thesingaporeaninvestor.sg/2021/05/07/overseas-chinese-banking-corporations-q1-fy2020-business-update-key-highlights-and-thoughts/

In this post, I’ll be putting the 3 banks’ key financial results, as well as its key financial ratios side-by-side to find out which one had the strongest set of results for the current quarter under review. Also, you’ll learn about which bank is currently the ‘cheapest’ based on its current valuations.

Let’s begin…

Key Financial Results (Q1 FY2020 vs. Q1 FY2021)

In this section, you will find a comparison of the 3 banks’ key financial results for the first quarter of the financial year 2021 ended 31 March 2021, compared against that reported in the same time period last year – i.e. first quarter of the financial year 2020 ended 31 March 2020:

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OCBC – Summary of Q3 and 9M FY2020 Business Update (Guest Post)

OCBC – Summary of Q3 and 9M FY2020 Business Update (Guest Post)

How is OCBC faring this third quarter? Let’s find out.

Salaries at OCBC in Singapore: what you'll really get paid | eFinancialCareers

This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has 1433 followers.

Besides DBS (you can check out my summary of its latest Q3 and 9M FY2020 results here), Overseas-Chinese Banking Corporation or OCBC (SGX:O39) also provided its business updates for the third quarter as well as for the first 9 months of the financial year 2020 (ended 30 September 2020) early this morning before trading hours.

As a shareholder of the longest established bank in Singapore, I have studied the related documents and in this post, you will find a summary of the bank’s latest financial statistics, key financial ratios, along with my personal thoughts to share.

Let’s get started…

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Why OCBC Q3FY19 Profit Results Might Fall Double-Digit Percentage YoY (Guest Post)

Why OCBC Q3FY19 Profit Results Might Fall Double-Digit Percentage YoY (Guest Post)

OCBC is scheduled to announced its results on the 5th Nov (Tuesday morning) before the start of market trading.

This post was originally posted here. The writer, Brian Halim is a veteran community member and blogger on InvestingNote, with username known as 3Fs and 1800+ followers.

UOB announced its Q3 results this morning which gives a big hint of what is to come for the other two banks.

The drop in NIM and increase in NPA is worst than expected, and if not for the loan growth segment in the Singapore that helps, it might look like a worsen Q3.

This is 5 reasons why I think OCBC Q3 FY19 profit results are going to fall double-digit in terms of percentage year on year.

1) Net Interest Margin Compressed QoQ and YoY

In FY18, OCBC’s Net Interest Income contributes 60% to their total revenue while Non-Interest Income contributes the rest of the other 40%, so we’ll approximately use that as a gauge.

Q2FY19 Net Interest Income came in at $1,588m while Q3FY18 Net Interest Income came in at $1,505m.

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UOB Shows 2Q Robust Results. Is It A Good Time To Buy Singapore Bank Stocks Now?

UOB Shows 2Q Robust Results. Is It A Good Time To Buy Singapore Bank Stocks Now?

UOB has announced its 2Q18 net earnings of S$1077m on last Thursday, that’s +28% increase YoY and +10% QoQ.

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The outperformance came from a strong improvement in Net Interest Income which rose 14% YoY and 5% QoQ. In addition, Non-interest Income also grew 5% QoQ to S$800m. Net Interest Margin (NIM) eased off slightly from 1.84% in the previous quarter to 1.83% this quarter, but this is still an increase over 1.75% in 2Q17. Management has also declared an interim dividend of 50 cents (vs 35 cents in 2Q17), and this is payable on 28 Aug 2018.

How does UOB compare with its peer, DBS?

DBS on the other hand, reported an 18% gain in net profit for 2Q18 but that missed expectations as stronger net interest income was offset in part by a fall in non-interest income on lower trading income.

Why is that the case?

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SG’s 4th Telco…and Fed Raises the Rate!

SG’s 4th Telco…and Fed Raises the Rate!

2 major news happened this week: 1. TPG wins bid to become the 4th Telco and 2. US has increased interest rates!

TPG is 4th Official Telco

tpg_telecom

TPG has won the bid to become the 4th telco, ousting out competition such as Circles.life and MyRepublic. A new entrant in the oligopolistic market for telecommunications, might just shake up the market share for the Big 3 telcos of Singapore.

However, the question is now to what extent is TPG going to shake up the market share?

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