warning about the banks’ NPL and O&G stocks “not yet bottoming out” during
a time when both sectors saw temporarily rebound or in a time when many think
that the O&G had floored finally since the “Oil” pain started in late 2014.
preaching about the problems in the economy, spending huge amount of time and
efforts researching and reading. And of course, writing and publishing here.
perhaps it was due to me unluckily being in the O&G industry. Or maybe I will
consider myself lucky to be in the distressed sector allowing me to see the
impending troubles ahead of many others.
is yet to come…..haiz….
provisions worrying that it was insufficient. Similarly probing into Keppel and Sembcorp Sete Brasil problems only now!
things already happened!
Provisions doubled and NPL jumped 31.1% yoy.
DBS CEO Piyush Gupta said at a briefing,
“The whole sector is under stress. Let’s start with
that. I don’t want to minimize the challenges faced by the sector. Even at the
US$40-45 oil prices, many are cancelling contracts… so the sector is
challenged and there will be some impact, “
“But there are some positives. In the last 6
weeks, a couple of the oil majors have started putting in investments. Many
people’s view is that oil prices firmed up to the US$50-60 level over the next
12 months… but that’s looking into the future, we don’t know (for sure),”
Furthermore, DBS’s oil and gas exposure up by
another S$1B. Other banks are not so better off either although, DBS’s
S$23B exposure to the sector is bigger than UOB 14B and OCBC 12.6B!
highlighted here in January this year?
Nah… we only like to hear the nice stories, stock analysis that can make us rich……
single soul whether blog readers or friends outside that openly shared the same
sentiment as me. The only blogger reader who acknowledged was “temperament”, if
you refer back to the comments.
who preached to buy openly. They did also bought in, but later sensing the
problems much earlier than the rest, they are always the first to “sell
the shares first”!
impending retrenchment crisis in the O&G industry, but none wanted to hear.
I remember only one colleague out of close to ten I spoke to acknowledge the
truth and was thankful to hear. Coincidently, all the rest were retrenched
leaving only two of us still standing in the company within our department.
to this example here. But in general, when somehow the truth has been told much
earlier, no one will heed the advice.
to openly acknowledge the sharer, nor shares with people around them.
are so afraid that “others will be deemed better than us” even when it is of no
intention of the person to think so when he/she shared…
Mind you, this is also not about glorifying myself saying how accurate my predictions are. I seriously do not care about all these glorifies. It brings me no happiness or feels good factor. It is more sadness for me to see majority of people’s reactions today.
effect, the Truth is always reasonable and make sense and not so difficult to
comprehend. It is really not so much about “heng or suay” speculating or
punting. It is about if we are blinded by ignorance, emotions or greed when we
are listening? If we are not blinded, it is easy to see the truth.
Oh ya… a friend of mine while we were chit chatting the other day, just reminded me that in Christianity all those who proselytize the truth will be persecuted! Shee…….
here is more for interest, good of readers (if they appreciate) and for my
future use to my kids. It is NEVER for greed.
their blogs” to earn ads’ money, in fact, I had today NOT MAKE A SINGLE CENT
from this blog. Instead I even wasted money in subscribing to some domain hosting
company. I do not have Google Ads, and never written an Advertisement post
(although was asked many times) and only has nuffnang which I do not even know
how to cash out the meagre amount not sufficient to even cover my hosting
Singapore proud by winning an Olympic Gold Medal this morning.