Monthly Archives: February 2009

UOB Financial Results

UOB released its financial results for 2008 today, the last of the three local banks to do so.   UOB results are compared with DBS and OCBC results below.                                       UOB            DBS            OCBC Net … Continue reading

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Singapore GDP Grew by 1.1 per cent in 2008

The Ministry of Trade and Industry (MTI) released the economic report card on Singapore today. The last time MTI reported on Gross Domestic Product (GDP) figures were based on preliminary estimates. It has now revised downward the GDP growth rate … Continue reading

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DBS Singapore STI ETF Debut

After I wrote on the subject on 9 February, DBS Asset Management (DBSAM) priced the initial issue price at $1.62 per unit on close of offering period at 12 noon on 18 February 2009.   The Straits Times Index (STI) … Continue reading

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Stock Indices since December 2007

December 2007 was the month when the United States was in recession officially. Now 14 months later, the world is still in recession and economic recovery is not in sight.   Around the globe, no major financial markets were spared … Continue reading

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The wishing game

5 children were engaged in a wishing game. Each one was given one wish. The first kid wished for a McDonald’s burger because his parents did not allow him to eat McDonald’s burger for his own good. He got his … Continue reading

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OCBC Financial Results vs DBS

OCBC released its financial results for 2008 yesterday.   It will be interesting to compare OCBC results with DBS results.                                     DBS                    OCBC Net Profit                   $1,929m (-15%)  $1,749m (-16%)            Net Profit                   $2,056m1 (-17%) $1,486m2 (-21%) (Excluding one-time items)      … Continue reading

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Singapore Exports continued to slide in January

Non-oil Domestic Exports (NODX) continued its downward slide in January decreasing by 35 per cent on a year-on-year basis, following the 21 per cent decline in December 2009. Electronic NODX contracted the most by 38 per cent in January 2009 … Continue reading

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