546. Tough Zhang Xiaolei
At this time, Lin Qingde pondered for a while and said: "Mr. Zhang, do you think Temasek Holdings will sell us the shares of Building Bank and Building Construction Bank?
Zhang Xiaolei said with a smile: "It's okay, they accept it or not, anyway, I am at this price, the chairman said, it's a big deal that we go to the stock market to buy these shares, there is no need to buy them Temasek Holdings, not to mention that Temasek Holdings is very short of cash now, it should be that they begged me to buy it! The price I opened is indeed not low." ”
After speaking, Zhang Xiaolei looked at the smiling Lin Qingde, and said: "Mr. Lin, it is estimated that no one will take over their shares except for our Standard Chartered Bank! Many companies are just interested in the shares of DBS Bank in the hands of Temasek Holdings!"
Lin Qingde immediately said: "This is also the case, this time the situation of Temasek Holdings is not good, should we kill the price again and bargain to $1.5 billion!"
Hearing Zhang Xiaolei say this, he suddenly became interested, he has been involved in a lot of things by Singapore's sovereign wealth fund recently, he is holding back his anger in his heart, and he has nowhere to vent!
"US$1.5 billion is too low, and then Temasek Holdings will have other buyers to buy their shares," Zhang said. There is no such thing as our Standard Chartered Bank, anyway, the chairman asked me to try to be $2.5 billion, and now I have saved $500 million!"
"Well, that's true, I've been very busy lately, so I won't accompany you to deal with these things" Lin Qing pressed his temple and said: "I'm going to meet a few officials in Singapore later, I won't accompany you!"
Recently, he has also been in trouble with Standard Chartered Bank, as the CEO of Standard Chartered Bank ASEAN, he has a lot of lists, and the new official has three fires.
Especially now that the Singapore authorities are considering revoking Standard Chartered's banking license in Singapore, it really frightens him, and if this thing is not done well, his career at Standard Chartered Bank will be terminated.
Zhang Xiaolei smiled: "Okay, Mr. Lin, you can go and get busy, if there is anything to use me, just command!"
Speaking of which, Lin Qingde is still her old boss, and now the two are on an equal footing.
After a while, Lin Qingde left, and Zhang Xiaolei immediately received a phone call from a representative of Temasek Holdings.
The representative of Temasek Holdings said straight to the point: "Madam Zhang, our CEO asked me to tell you that the minimum price is US$2.3 billion, and this price cannot be lower!"
Immediately, Zhang Xiaolei said in a very tough tone: "2 billion US dollars, this is the highest price of our Standard Chartered Bank, you go and tell your president to see if he is willing to sell!"
The representative of Temasek Holding Company on the other side was silent for a long time, and then said, "Ms. Zhang, you wait a while, and I will go and tell our president!"
After hanging up the phone, Zhang Xiaolei smiled proudly, and then took the performance statement just released by DBS Bank and looked at it.
DBS released its latest earnings report, which showed that DBS' net profit rose to a record high of S$3.5 billion (US$2.8 billion) in 2013.
DBS' total revenue increased by 11% to S$8.93 billion last year, driven by higher loan amounts and overall non-interest income. The increase in operating results was partially offset by higher general and special provisions, while net income increased by 4% before one-time items.
On a quarterly basis, DBS Group's net profit rose 6% year-on-year to S$802 million in Q4, while total revenue rose 10% to S$2.15 billion, partially offset by higher provisions, with revenue exceeding S$2 billion for the first time in Q4.
In terms of capital adequacy ratio, DBS Group's total capital adequacy ratio was 16.3%, and the common equity tier 1 capital ratio was 13.7%.
In addition, the Board of Directors has recommended a final dividend of S$0.30 per share, subject to the approval of the current general meeting. The final dividend for 2012 was S$0.28 per share, and the dividend paid for the full year increased from S$0.56 per share to S$0.58 per share.
Last year, DBS Group's net interest income reached S$5.57 billion, with loans up 18% and a net interest margin of 1.62%, which narrowed by 8 basis points from last year, as net interest margin remained stable throughout last year with slight fluctuations between quarters due to lower average loan spreads and equity yields.
Non-interest income rose 21% to a record high of S$3,360 million, while service fee income rose 19% to S$1,890 million. All fee income businesses posted double-digit percentage growth, with record contributions from wealth management and trading and trading services in particular. Strong trading in capital markets was positive for stockbroking commissions and investment banking income, especially in the first half of the year. Other non-interest income increased by 23% to S$1,470 million, partially offset by lower income from treasury clients and trading income.
By client, wealth management revenue increased by 18% to S$924 million and SME banking revenue increased by 11% to S$1.37 billion. The Corporate & Institutional Banking and Retail Banking/Wealth Management business units accounted for 52% and 28% of the Group's total revenue, respectively, with the remaining 20% coming from other sources, including balance sheet management, market making activities and investment and trading income.
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Zhang Xiaolei looked at such excellent data and muttered: "If the chairman's black-shirted capital completely overturns Temasek Holdings in the Hang Seng Index, maybe DBS Bank will also change hands!"
Although DBS's assets are far less than those of Standard Chartered, DBS has many resource advantages and fewer scandals.
Today, the assets of Standard Chartered Bank are as high as 650 billion US dollars, and if Standard Chartered Bank swallows DBS Bank, then the asset scale of Standard Chartered Bank will not be far from exceeding the trillion level.
Standard Chartered Bank has now announced its 2013 fiscal year results, ending a decade of growth in 2013, a decline from $7.5 billion in 2012, ending a decade-long annual growth trend. Net profit attributable to shareholders was US$3.989 billion at the end of December last year, down 16.7% year-on-year. Excluding the impairment of goodwill in the country and the settlement expenses in the United States, the profit before tax was US$6.858 billion, a decrease of 7% year-on-year, which was lower than market expectations. The Group's net interest margin decreased by 0.1 percentage points to 2.1%.
Thinking of this, she said to herself: "Now Standard Chartered Group has experienced a really difficult year in the past year, especially in the corporate banking business, almost all the marginal profits of financial products have been under pressure, and the net interest margin of Singapore, Bangziguo and the mainland of the building have all recorded a decline. Fortunately, the chairman of the board of directors has made a drastic move to clean up the Standard Chartered Bank! DBS Bank has a lot of resources that Standard Chartered Bank needs, and it is really imperative to swallow DBS Bank this time, and the chairman will not leave DBS Bank to Bank of America and HSBC, right? No, I have to report this matter to the chairman!"