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DBS
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keepnosecrets
Master |
04-Sep-2009 15:45
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Singaporeans are never exposed to the wilder environment of business. They are a cultured and nuctured specie, and it is difficult to say whether a specie such as ours is good or bad for big business. I am a Singaporean too and sad to say this. Our talents have gone overseas, so we exchange them with oversea talents and I see nothing wrong with that. | ||||
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niuyear
Supreme |
04-Sep-2009 15:37
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I agree with you whole-heartedly. POSB more friendly environment. Though POSB clients can do transaction at DBS bank, but, i was told , they usually wont go to DBS becos the bank environment like quite unfriendly and those older folks who dont speak english, feel uneasy to step in..... If DBS is gearing towards global banks like Citigroup, then, just leave POSB alone. I want to see a truly home-grown bank that will serve anyone, from young toddlers who just want to save from as little as 10 cents by having a stamp book as a passport til his young adulthood to our senior citizens whom dont speak english......let them walk into the national bank and feel welcomed and proud. No amount is too little to save!
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niuyear
Supreme |
04-Sep-2009 15:22
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Yeah, hope he doesnt 'run' after 1 year like Temasek ex-CEO....LOL. I am not racist, but, i am hoping to see someone whom we could relate to as 'singaporean' whom probably has gone overseas to study, armed with foreign exposure in the same industry and return to serve this multiracial country with heart and soul ......... DBS has just been named - THE BEST ASIAN BANK by FinancialAsia. - Keep it up!
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Sporeguy
Elite |
01-Sep-2009 20:07
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I don't know why DBS keep on getting Citi's pple. Too me, Citi has done badly which also reflects that their personnel are not that great. DBS has always been over-aggressive, that is why they stone-walled in Indonesia, losses in Thailand, etc. Better to stand on firm ground and earn less than taken for a ride in many hostile countries. They need DBS when they are down, once they are up they create a lot of unresonably reasons to oust DBS. Without POSB, I think DBS were down in the drain in 1997. I'm not invested in DBS, neither will I in the future unless DBS becomes a friendly bank like POSB or OCBC. In fact, I hope that POSB to be separated from DBS. POSB is more down to earth. Because it is now under DBS, it has grown a bit aggressive which I think is not good for ordinary citizens. | ||||
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AK_Francis
Supreme |
01-Sep-2009 17:49
Yells: "Happy go lucky, cheers." |
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Ha ha, hope he dun chow halfway. Nonetheless, be it Ang Mo, Yellow or Black one, as far as can bring wealth to d bank n making d stock px up n going, it is a good Mo.
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niuyear
Supreme |
01-Sep-2009 16:47
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Another 'Ang Mo' to be CEO? Disappointing announcement. | ||||
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niuyear
Supreme |
01-Sep-2009 16:44
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DBS Group Names Citigroup’s Gupta as Chief Executive (Update3) By Joyce Koh Sept. 1 (Bloomberg) -- DBS Group Holdings Ltd., the biggest Southeast Asian bank, hired Citigroup Inc.’s Piyush Gupta as chief executive officer, ending a five-month search for a new leader after predecessor Richard Stanley died. Gupta, 49, will join DBS in November, and his appointment is subject to regulatory approval, the lender said in a statement to the Singapore stock exchange. Gupta is Citigroup’s CEO for Southeast Asia-Pacific, the company said. DBS, whose second-quarter profit fell 15 percent, is turning to Citigroup for a top manager for a second time in less than two years. Stanley, who was Citigroup’s top China banker before DBS hired him in February 2008, died in April after being diagnosed with leukemia. “The focus at DBS has gone back to commercial banking, and the fact that Gupta is a commercial banker shows there will probably be no change in the bank’s strategic direction,” said Tay Chin Seng, an analyst at Macquarie Capital Securities who rates the stock “neutral.” DBS rose 2.2 percent to S$12.92 at 2:30 p.m. in Singapore trading after a stock suspension was lifted. The bank’s shares have rallied 54 percent this year. “Piyush is strategic, yet detail oriented; and has the ability to nurture high-performing teams,” DBS Chairman Koh Boon Hwee said in the release. Beating Estimates Koh, 59, has run DBS since Stanley’s diagnosis in January. The same week that Stanley died, Koh told a shareholder meeting that the executive was “on track” to return to work, the Straits Times reported on April 9. In an April 11 statement announcing Stanley’s death, DBS said his condition “deteriorated rapidly” in the last 48 hours. Last month, DBS reported a smaller-than-estimated decline in second-quarter profit to S$552 million ($384 million) as income from stock broking, investment banking and wealth management rose. It joined Singapore-based rivals Oversea- Chinese Banking Corp. and United Overseas Bank Ltd. in reporting profit that beat analysts’ forecasts, as this year’s stock rally boosted fees. DBS has turned to Citigroup for more than managers. The U.S. bank helped arrange DBS’s S$4 billion rights offering in December. The Singaporean lender, armed with cash from the sale, is among potential buyers of ING Groep NV’s private banking operations, people familiar with the matter said last week. Citigroup Veteran Gupta joined Citigroup, the bank bailed out by the U.S. government, in India in 1982. He held various executive positions at the lender including head of its Malaysian operations and head of its Southeast Asia regional markets and investment banking business. In Malaysia, Gupta expanded Citigroup’s network from three branches to seven, and opened the bank’s first new outlet in 48 years. “Piyush has made a tremendous contribution to Citi in his 27-year career with the bank,” Citigroup’s Asia-Pacific CEO Shirish Apte said in an e-mailed statement. “His decision to leave is a personal one and we wish him well in his future endeavours.” To contact the reporter on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net Last Updated: September 1, 2009 02:42 EDT |
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foucs6900
Senior |
01-Sep-2009 13:48
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Sept. 1 (Bloomberg) -- DBS Group Holdings Ltd., the biggest Southeast Asian bank, hired Citigroup Inc.’s Piyush Gupta as chief executive officer. Gupta, 49, will join DBS in November, and his appointment is subject to regulatory approval, the lender said in a statement to the Singapore stock exchange. Gupta is Citigroup’s CEO for Southeast Asia-Pacific, the company said. |
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keepnosecrets
Master |
28-Aug-2009 16:02
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Not about service, its all about how to make more money crossing over. Now 2 DBS exchange for 3 OCBC with some coffee money to spare and also $420 in dividends.
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foucs6900
Senior |
28-Aug-2009 15:51
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Tats rite OCBC is better n stable in terms of shares px n aso their service quality..... | ||||
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keepnosecrets
Master |
28-Aug-2009 15:39
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DBS is lousy lah. Buy OCBC better. |
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christan
Senior |
28-Aug-2009 14:59
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always a reason for the difference. if not the cheapest wil b hlf @ 280+ i prefer DBS
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sixsence
Member |
28-Aug-2009 14:55
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Why UOB $17 , DBS only $12.90 different 4k plus ..is that time to unload this joker and join OCBC...?Any suggestion ...? | ||||
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niuyear
Supreme |
27-Aug-2009 16:21
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DBS is invited by ING to bid for its private banking operation in asia and switzerland.........Just monitor and see if something could come out from here. I am still wilful hoping if our DBS could join force with insurance company like - NTUC income....wilful thought only. |
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limkt009
Veteran |
27-Aug-2009 11:45
Yells: "Watch your front, grab $$$$$ at your own time" |
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Will try tomorrow for some coffee money, thks. | ||||
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leoleo
Senior |
27-Aug-2009 11:32
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Anyone holding dbs can try to sell first early morning then buy later as observe that it can earn some coffee $$ .. | ||||
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alexmay
Veteran |
20-Aug-2009 20:20
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I won't touch warrants HSI call or put. Odds are against you. When you win you win small and when you lose you lose big time. There is also a time value. I won't encourage beginners or those with faint heart. | ||||
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idesa168
Elite |
20-Aug-2009 19:29
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If want good return in short term, can try warrants. HSI Put and Call warrants only less than 40¢. 10 lots only $4,000. 1¢ movement is $100. One day can move 5¢-8¢, or $500-$800. Fast profit but can also be sudden death. Think twice if you are into short term |
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mario1
Member |
20-Aug-2009 18:25
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aiyah, if you know you don't have to work liao.. But short term wise, I really feel DBS does not have much return. With the same money if you buy some low cap counters, return would be much higher.. |
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leoleo
Senior |
20-Aug-2009 17:31
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regret not switch my dbs to sia during price high @ $13.8 , if not i will holding sats share & getting higher div than dbs given. Current market price sia still leading dbs & sats price also chiong... | ||||
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