Master Leong, never even take a break on holiday. Thank you for always keep us a dive into different aspect of the markets in different sectors. Giving us great insight into the banks sector today 👏👏👏👏👏 😊
One of the largest family own local bank in HK , Bank of East Asia selling at PB 0.26 only. Super cheap buy at this time. M&A target ! Sell DBS OCBC UOB at PB >1.3 now
Bank shares will be badly affected during downturn. Interest rate drops will affect about 5% to 8% only. Reason is that they can lend out more. By now, the banks have locked in long- term rates. So next 3 years or so, it is not adversely affected. Look out for next Thursday and Friday results.
@MasterLeong888 i have been investing in SGD banks about 20 to 35 years ago. From the chart, the only adverse downturn is during recessions, not during interest rate cut. To come down to $28 is about 30% down side, which historically have not proven.
Even they are totally disrupted by 3rd party Fintech , it will not affect their earning significantly. Those who use fintech brokers are small fries. High net worth and corporate company investors still use them significantly.
Basically the SG banks are dinosaur businesses. The younger generation will use newer technology (digital banks and digital brokerage) and lesser traditional banking services. I believe SG banks will slowly earn lesser due to completion.
yeah like now sgx event or broker events is all those in 50s 60s 70s attend but they have a lot of weatlh those 20s and 30s all use apps to trade and manage their wealth but their wealth very little so over time the assets under management will shift to the apps aka digital banks
Hi Master Leong, am new in investing. Intend to use your link to open LongBrdige securities account. But would like to know what is the difference between longbridge and our local brokerage firm? Thanks
$25 trading the shares can put cdp this one $2 they custodize for u so try not put more than $50,000 deposits Cdp is safer for sg stock holdings thanks
Master Leong, you are knowledgeable and informative in finance industry. You are our walking dictionary ! Thanks for your hard works.
Master Leong, never even take a break on holiday. Thank you for always keep us a dive into different aspect of the markets in different sectors. Giving us great insight into the banks sector today 👏👏👏👏👏 😊
Happy holidays! huat ah, my pleasure! ^^
next 3 nights fri to sun i no stream riao next mon then continue stream but maybe fri to sun some days got kopi with ml videos kekeke
I have enjoyed and learned much from your Masterclasses, continue the great work! Happy Deepavali
Thank you Master Leong for this educational video! Very helpful
Glad it was helpful!
Thanks ML, for the effort, good valuables 😊lesson for us 🎉always learn something from u 🎉🎊🙏
All the local banks have started to decline and expecting to head down to new lows. Can consider selling now and buy back when it is much lower.
Happy Diwali to you Master Leong !
A very very happy Diwali to you ML ,from Russia
Gd morning n happy holiday all
Happy holiday everyone
One of the largest family own local bank in HK , Bank of East Asia selling at PB 0.26 only. Super cheap buy at this time. M&A target ! Sell DBS OCBC UOB at PB >1.3 now
Seem to be strong support at $9+... Yes PB is very low. The article above provides interesting facts about Li Kwok family and BEA
Hi Jeff, what's your thesis for BEA being M&A target ?
@@liudaniel6656 3rd generation at age 85 now holding
Happy Diwali everyone!!🎊
Green dragon
Bank shares will be badly affected during downturn. Interest rate drops will affect about 5% to 8% only. Reason is that they can lend out more. By now, the banks have locked in long- term rates. So next 3 years or so, it is not adversely affected. Look out for next Thursday and Friday results.
u must be vested in DBS, good luck to u bro... 2025 2026 their earnings easily fall 10-20% hahahaha
@MasterLeong888 i have been investing in SGD banks about 20 to 35 years ago. From the chart, the only adverse downturn is during recessions, not during interest rate cut. To come down to $28 is about 30% down side, which historically have not proven.
Master power, Ginger Kitty challenge unlocked!
slowly build up relationship with ginger meow meow hehehe
Their brokerage arm income is very, very small for SGD banks. So do not matters.
Even they are totally disrupted by 3rd party Fintech , it will not affect their earning significantly. Those who use fintech brokers are small fries.
High net worth and corporate company investors still use them significantly.
SGD banks have Fintech facilities. So, very difficult to disrupt
they already slowly being disrupted, i myself i using longbridge webull tiger moo moo, i stopped using dbs vickers already
Happy Diwali🎉
Basically the SG banks are dinosaur businesses. The younger generation will use newer technology (digital banks and digital brokerage) and lesser traditional banking services. I believe SG banks will slowly earn lesser due to completion.
yeah like now sgx event or broker events is all those in 50s 60s 70s attend but they have a lot of weatlh
those 20s and 30s all use apps to trade and manage their wealth but their wealth very little
so over time the assets under management will shift to the apps aka digital banks
Hi Master Leong, am new in investing. Intend to use your link to open LongBrdige securities account. But would like to know what is the difference between longbridge and our local brokerage firm? Thanks
$25 trading the shares can put cdp this one $2 they custodize for u so try not put more than $50,000 deposits
Cdp is safer for sg stock holdings thanks
Master, what is the ticker for BYD in Singapore stock exchange?
HYDD = BYD
HBBD = Alibaba
Dear ML,
Good video, but cannot teach people to take fake mc hor....
hahahaha think tmr friday clinic all full, many ppl will take mc dunno why leh maybe the weather or food hahahaha
any thing on CPF ?thats the largest bank .
nothing leh, our CPF money with GIC and Temasek riao hope they do well hahaha