Swiber

[Ktglfc]

  On 8/7/2016 at 3:30 PM, Throttle2 said:

That would be hoping for falsehood, bro.

 

Confirm chop and stamp got domino effect.

Jusy hope that the effect wont be too devastating.

Haiz... Banks are now more careful and tightening on the credit loans to these O&G companies ...

With this, and the near term expiry of bonds , some companies will be forced to close shops...

Banks also can't get back $ too... Vicious cycle ....

 

Just hope everything will be back to normal ....

 

Anyway, tomorrow morning, DBS will announce results....

May not be too good ...

But may be good for some of us to pick up some bargains :)

[Blueray]

iirc ... tomorrow is DBS quarterly results announcement ....

 

anybody shareholders ? 

[Cosmicclaw]

  On 7/28/2016 at 9:10 AM, Jayy25 said:

guys dont spread fear leh.... I working in there leh....

 

later no $$ to bring home for mummy to cook good foods and cannot post picture in "What do you makan today". how?

 

How's the current sentiment in Ezra? I have a relative working there, look very moody at recent gathering and dare not ask him and not nice to rub salt. Easier to ask strangers   

[Blueray]

  On 8/2/2016 at 7:15 AM, Scion said:

the swiber effect continues... local OG counters in deep red today

 

also, no one knows how much are the banks actually exposed to the OG sector

 

DBS's S$17b exposure to O&G sector in focus

.....

DBS's upcoming second-quarter results briefing on Aug 8 is likely to be dominated by questions over its S$700 million exposure to failed Swiber Holdings and the consequent S$150 million hit to its earnings.

.....

DBS chief executive Piyush Gupta will have to show that he is on top of the bank's S$17 billion exposure to the oil and gas sector, which accounts for 5.9 per cent of its loan book. After all, it was only in May when he said that he didn't see any imminent signs of weakening in the bank's oil and gas exposure.

.....

http://www.businesstimes.com.sg/banking-finance/dbss-s17b-exposure-to-og-sector-in-focus

Edited August 7, 2016 by Blueray

[Ktglfc]

  On 8/7/2016 at 11:39 PM, Blueray said:

DBS's S$17b exposure to O&G sector in focus

.....

DBS's upcoming second-quarter results briefing on Aug 8 is likely to be dominated by questions over its S$700 million exposure to failed Swiber Holdings and the consequent S$150 million hit to its earnings.

.....

DBS chief executive Piyush Gupta will have to show that he is on top of the bank's S$17 billion exposure to the oil and gas sector, which accounts for 5.9 per cent of its loan book. After all, it was only in May when he said that he didn't see any imminent signs of weakening in the bank's oil and gas exposure.

.....

http://www.businesstimes.com.sg/banking-finance/dbss-s17b-exposure-to-og-sector-in-focus

Any news so far?

I am a very minority shareholder... Waiting to go in if the price is right for long term :)

[Wt_know]

$700M in Swiber and total $17B in O&G ... holy shit

no wonder UBS keep whacking DBS under provision than my hdb provision shop ... lol

[Ktglfc]

Still have interim dividend of 30 cents per share ...

[Ttl1976]

I cant see why today dbs price won't go down....

 

ha ha ha....

[Blueray]

  On 8/7/2016 at 11:54 PM, Ktglfc said:

Any news so far?

I am a very minority shareholder... Waiting to go in if the price is right for long term :)

 

DBS first-half earnings at SGD 2.25 Billion

https://www.dbs.com/newsroom/DBS_first_half_earnings_at_SGD_2_25_Billion

 

up to people to think whether provisions are enough ... 

[Ktglfc]

  On 8/8/2016 at 12:13 AM, Blueray said:

DBS first-half earnings at SGD 2.25 Billion

https://www.dbs.com/newsroom/DBS_first_half_earnings_at_SGD_2_25_Billion

 

up to people to think whether provisions are enough ...

Let's see what the analysts said ... These are the big boys that can move the mountain

Dividends remain same, so price can still support ...

Not too sure if the result will also pull along the other banks ...

[Celicar]

  On 8/7/2016 at 3:21 PM, Jamesc said:

No where, they will just go bust.

It is very understandable why they will just go for the bust.

[Enye]

  On 8/8/2016 at 12:25 AM, Ktglfc said:

Let's see what the analysts said ... These are the big boys that can move the mountain

Dividends remain same, so price can still support ...

Not too sure if the result will also pull along the other banks ...

 

XD liao will drop below 14?

 

[Pinobii]

Wah, 2day all chiong leh, where got durians to pick?

[Wt_know]

durian no drop la ... cheong ah!

 

  On 8/8/2016 at 1:15 AM, Pinobii said:

Wah, 2day all chiong leh, where got durians to pick?

 

[Ktglfc]

  On 8/8/2016 at 1:15 AM, Pinobii said:

Wah, 2day all chiong leh, where got durians to pick?

National Day mah, so prices will go up due to patriotic reasons :)

 

But once the dust settle down after ND, price may go down ....

[Duckduck]

  On 8/8/2016 at 1:15 AM, Pinobii said:

Wah, 2day all chiong leh, where got durians to pick?

 

short squeeze as profits came in line w estimates.

[Sunny]

banks bo tai chi

 

cheong ah!

[Ktglfc]

Those who bought last week ... laughing all the way :))

Kopi $ earned in less than a week :)