National Financial Disaster - Capitaland, Keppel, Singtel, SPH, SIA

[Chase]

In recent years, Singtel gives 6.8 cents dividend (semi-annual) in Jan (ex-date)

I will feel that Singtel will be very complacent to maintain this payout in Jan 2021. Such payout will cost Singtel about $110m and sink their share price to almost $2 or below if the share price trades closer to the book value (currently about 30% premium) after Jan 2021.

https://www.theedgesingapore.com/ca...latest-asset-divestment-support-dividends-dbs

Now the $333m from this asset sale will be pumped to the digital banking license if they are awarded. This hints the article might be wrong. Singtel might be unlikely to maintain 6.8 cents semi-annual dividend in Jan.

 

[Chase]

what about the billions of dollars MAS give to DBS at 0.01 pct..ni need to pay back

DBS will be the next shoe to drop because they funded these 5 zombie companies

DBS sitting on losses for Reebonz that delisted from Nasdaq. Their loan dept flagged Reebonz's risk but DBS went on to lend them more money.

 

[Chase]

When new CEO joins a major company, I expect strategy-change or dynamics. For Singtel's CEO change, I hear none so far.

If there is no positive insights from new incoming CEO by the day he takes over, then I speculate that he is brought in, to uncover/disclose the worms in the can.

 

[Chase]

Stupid move.
It's like Grab taking big advantage of Singtel in this deal. You pay the money, I go risk it.
Win we share, lose you pay more.

Singtel Seen Committing US$440 Million to Grab Digibank Venture
https://www.bloomberg.com/news/arti...mmitting-440-million-to-grab-digibank-venture

Grab holds a 60% stake in the digital bank venture, and the remainder is owned by Singtel. The group hired Charles Wong, a 20-year veteran at Citigroup Inc. in Singapore, for the venture earlier this year. The venture “is a strong candidate for a full digital banking license,” DBS analyst Sachin Mittal wrote in the report published Tuesday. Singtel may need to make the investment over the “long term,” he said.

This Bloomberg in the morning sent Singtel down 2-3 cents.

 

[tobelightlight]

Always give me a chuckle when people always blamed the 61% for every fuckup this country have, Please don't do that. it only show your ignorance. People vote for many reasons, not all PAP supporter are dumb like fuck or all Oppo are loser that cannot make it in this country where even Idiots can be ministers.

Vote due to ignorance and being brainwashed. This is the reason I see.

 

[SalahParking]

DBS sitting on losses for Reebonz that delisted from Nasdaq. Their loan dept flagged Reebonz's risk but DBS went on to lend them more money.

i met the reebonz founder once he was trying to get me to invest. I sussed him out to be arrogant and refused.

 

[CPTMiller]

Stupid move.
It's like Grab taking big advantage of Singtel in this deal. You pay the money, I go risk it.
Win we share, lose you pay more.

Singtel Seen Committing US$440 Million to Grab Digibank Venture
https://www.bloomberg.com/news/arti...mmitting-440-million-to-grab-digibank-venture

Grab holds a 60% stake in the digital bank venture, and the remainder is owned by Singtel. The group hired Charles Wong, a 20-year veteran at Citigroup Inc. in Singapore, for the venture earlier this year. The venture “is a strong candidate for a full digital banking license,” DBS analyst Sachin Mittal wrote in the report published Tuesday. Singtel may need to make the investment over the “long term,” he said.

Singtel already have Dash
Why still need investment into Grabpay??
Is the digital bank market really so big opportunity in Asia??

 

[Xisiqomelir]

Always give me a chuckle when people always blamed the 61% for every fuckup this country have, Please don't do that. it only show your ignorance. People vote for many reasons, not all PAP supporter are dumb like fuck or all Oppo are loser that cannot make it in this country where even Idiots can be ministers.

But they are tho

 

[rushifa666]

When new CEO joins a major company, I expect strategy-change or dynamics. For Singtel's CEO change, I hear none so far.

If there is no positive insights from new incoming CEO by the day he takes over, then I speculate that he is brought in, to uncover/disclose the worms in the can.

Di you ask why theres a chnge? They make have asked the old one to leave

 

[face the facts]

Is the digital bank market really so big opportunity in Asia??



its just another scam provided by MAS to increase online activity,
digital banking already mostly provided by all the existing banks and hedge funds (for the bigger investors)
shares of those applicants shot up a lot, watch them fall when the licenses are announced
lots of local companies like ifast partner china "entities" to apply, as we all know, once china is involved, run far far away,

like hyflux, it was a good company until the board of directors started to include chinese from china

 

[Chase]

i met the reebonz founder once he was trying to get me to invest. I sussed him out to be arrogant and refused.

The founders are fine. The DBS internal assessment was that over $900K went to them annually.

 

[tyudm]

It's not their money you think they care?
How many urgent tasks were awarded to their cronies without having to quote?
How many percent of 100b were spent on the peasants?

 

[Chase]

Singtel already have Dash
Why still need investment into Grabpay??
Is the digital bank market really so big opportunity in Asia??

From my understanding, Tharman met people from the industry this month on zoom to discuss Singapore's banking roadmap ahead.

Digital banking was originally an excuse to issue more banking licenses to new players in Singapore but the tightening of HK by China is causing capital flights and singapore is a good alternative. Then MAS starts to hint to existing QFBs and local banks that they can also start a digital bank subsidiary if they want, to capitalize on the capital flight from HK.

However, there is little incentive for these banks to do so, because existing QFBs and local banks are quite digitalized. Today, you don't need to meet your bankers to apply for homeloans, and SCB has completed restructuring in a way that they are like a local Singapore bank now.

Despite the perceived value of digital banking license appears to drop, a digital banking license is still highly sought after because of our reputation and HK's mess. On surface, we see the bidders of the licenses being shortlisted, the shrewd ones hardly need to inject more money like Singtel; there are several global investors, big boys from Japan, China and US telling these bidders that they will inject the money required if the bids are won.

This is why I said Singtel tio jiak by Grab earlier. hahaha

 

[50000]

When new CEO joins a major company, I expect strategy-change or dynamics. For Singtel's CEO change, I hear none so far.

If there is no positive insights from new incoming CEO by the day he takes over, then I speculate that he is brought in, to uncover/disclose the worms in the can.

hahaha don't expect anything new. He was probably the one that was best at saying "yes mdm, yes mdm, we'll do it your way"

 

[SalahParking]

From my understanding, Tharman met people from the industry this month on zoom to discuss Singapore's banking roadmap ahead.

Digital banking was originally an excuse to issue more banking licenses to new players in Singapore but the tightening of HK by China is causing capital flights and singapore is a good alternative. Then MAS starts to hint to existing QFBs and local banks that they can also start a digital bank subsidiary if they want, to capitalize on the capital flight from HK.

However, there is little incentive for these banks to do so, because existing QFBs and local banks are quite digitalized. Today, you don't need to meet your bankers to apply for homeloans, and SCB has completed restructuring in a way that they are like a local Singapore bank now.

Despite the perceived value of digital banking license appears to drop, a digital banking license is still highly sort after because of our reputation and HK's mess. On surface, we see the bidders of the licenses being shortlisted, the shrewd ones hardly need to inject more money like Singtel; there are several global investors, big boys from Japan, China and US telling these bidders that they will inject the money required if the bids are won.

This is why I said Singtel tio jiak by Grab earlier. hahaha

a digital bank is built on blockchain technologies, it will be conduit for cb issued crypto currency.

 

[CPTMiller]

From my understanding, Tharman met people from the industry this month on zoom to discuss Singapore's banking roadmap ahead.

Digital banking was originally an excuse to issue more banking licenses to new players in Singapore but the tightening of HK by China is causing capital flights and singapore is a good alternative. Then MAS starts to hint to existing QFBs and local banks that they can also start a digital bank subsidiary if they want, to capitalize on the capital flight from HK.

However, there is little incentive for these banks to do so, because existing QFBs and local banks are quite digitalized. Today, you don't need to meet your bankers to apply for homeloans, and SCB has completed restructuring in a way that they are like a local Singapore bank now.

Despite the perceived value of digital banking license appears to drop, a digital banking license is still highly sought after because of our reputation and HK's mess. On surface, we see the bidders of the licenses being shortlisted, the shrewd ones hardly need to inject more money like Singtel; there are several global investors, big boys from Japan, China and US telling these bidders that they will inject the money required if the bids are won.

This is why I said Singtel tio jiak by Grab earlier. hahaha

It seems easy to get funding from glc if have right connection network.
The glc top people still that few people

 

[Chase]

It seems easy to get funding from glc if have right connection network.
The glc top people still that few people

They love to play golf, can go mingle with them at golf courses. Eg. Keppel's management, play so much golf until the company horlan.

 

[Chase]

a digital bank is built on blockchain technologies, it will be conduit for cb issued crypto currency.

DBS's business
https://cointelegraph.com/news/sing...cial-bank-reportedly-launching-crypto-trading

based on my observations, if a country issues digital currency and the state backs them up eg. regular Singapore Dollar and Temasek blockchain Coins, nobody will want Temasek coins because one day if the digital exchange or blockchain horlan, you sure vomit blood.

Easier to market national cyptos for fugged up countries.

Strong countries like Singapore and Switzerland will find it hard to popularize digital currencies. You want Swiss Franc notes or virtual Rolex coins?

 

[CPTMiller]

They love to play golf, can go mingle with them at golf courses. Eg. Keppel's management, play so much golf until the company horlan.

Actually eat durian also can get funds.
Our loong eat durian with Najib so many projects

 

[SalahParking]

DBS's business
https://cointelegraph.com/news/sing...cial-bank-reportedly-launching-crypto-trading

based on my observations, if a country issues digital currency and the state backs them up eg. regular Singapore Dollar and Temasek blockchain Coins, nobody will want Temasek coins because one day if the digital exchange or blockchain horlan, you sure vomit blood.

Easier to market national cyptos for fugged up countries.

Strong countries like Singapore and Switzerland will find it hard to popularize digital currencies. You want Swiss Franc notes or virtual Rolex coins?

you don't understand blockchain platform, it's a ledger distributed . Banks are just an accounting entity, a gigantic ledger book, credit debit,but it has so much underlying fixed cost to run it. An all digital bank with programmable units of currency will expand margins. CB cryto is not bitcoin, it is your valued same as sgd, but it is trackable and traceable. Every economic entity will have a crypto wallet.so everytime you buy a coke and use your wallet to pay.PAP will track you to the time and place where you bought the sugar laden drink. They will so alert you that tou have exceeded the recommended sugary drinks for the day and send infomation on diabetes and heart diesease. PAP will know when what where....PAP will track you with big data if you are oppie.