75% Oz Starbucks closed this week.Bris,Mel& Syd still on.
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Originally posted by fishbuff1:
he is a forum guerrilla... always hit and run.a saf regular?
i have this feeling too. -
Originally posted by redDUST:
don't kid yourself, it is a matter of survival. otherwise some of these banks would have gone under.
so, how does that refute my earlier reply to you? it actually reinforced what i said.
you still do not get my point. your last sentence about enabling banks to venture overseas due to this consolidation doesn't hold, because crisis or not, m&a is happening already.
and was it explicitly mentioned in your link that consolidation allow singapore banks acquiring `crippling banks in the region' or that it is a strategic objective to merge so singapore banks can acquire `crippling banks' overseas? as it states explicitly, it is a matter of survival.
your 2 `tests' and small A talking (OoO) again?
you still have not shown me the facts.
May I know what is your purpose of asking me about Singapore bank during the financial crisis and how do you think I should reply you.
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This is funny.
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Originally posted by O o O:
Australian banking sector crumbles
ANZ Bank of Australia warned its annual profit could fall by as much as 25% and hiked its bad loan provisions,
ANZ, Australia's fourth-largest bank, said net earnings could fall by A$800-million ($783-million) after taking A$1.2-billion in provisions in the second half because of deteriorating credit conditions and a softening economy
Unlike National Australia Bank, ANZ's problems are mostly homegrown, caused by deterioration in the country's housing market -
Somebody started the discussion about banks and now he is feigning stupidity.Hahahaha...............
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Originally posted by O o O:
May I know what is your purpose of asking me about Singapore bank during the financial crisis and how do you think I should reply you.
if i may borrow a line from you, read my earlier posts. you need to go to page 1. it is stark.it's shocking after a litany of insults and self-defence from you, you were all along clueless.
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Originally posted by redDUST:
if i may borrow a line from you, read my earlier posts. you need to go to page 1. it is stark.it's shocking after a litany of insults and self-defence from you, you were all along clueless.
actually he is quite entertaining, i am just glad he isn't smarter, else i can't get entertainment value here. -
Originally posted by redDUST:
if i may borrow a line from you, read my earlier posts. you need to go to page 1. it is stark.it's shocking after a litany of insults and self-defence from you, you were all along clueless.
Personally I think it is a waste of my time talking to you because you dont even know what is the purpose and reason for asking certain question.And I guess that explain why you are have this little arguement which goes like this.
1) This is your question
Originally posted by redDUST:now, the question for you is, does singapore banking sector grew and grew each year? and with the economic meltdown that happened not too long ago, were our big 4 continue to post healthy growth and profits?
2) This is my reply to you
During the last Asia financial crisis, which center around SE Asia, several banks (OUB, Keppel Bank, Tat Lee Bank) in Singapore merged and that has given them the additional size and liquidity to go around the region to acquire crippliing foreign banks. Hence to answer you questions, the financial crisis didnt actually slow Singapore bank down, it actually gave them the opportunity to venture overseas.
3) This is your comment
Originally posted by redDUST:show4) This is my reply
Please dont try to discount the work MAS has done to ensure the survival of Singapore banking system during the crisis, because many big US banks have failed while trying to stay afloat.
It is always easy to speak like an armchair critics after the dust has settled down, but without liquidity and financial muscle, how on earth is our local banks able to be opportunistic by venture overseas?
5) This is your comment
Originally posted by redDUST:show6) This is my reply
You have to remember that YOU have specifically asking me about the health of Singapore banks during the financial crisis. (see your own question) , so why are you talking about San Miguel, Malaysia banks etc?
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Originally posted by O o O:
Personally I think it is a waste of my time talking to you because you dont even know what is the purpose and reason for asking certain question.And I guess that explain why you are have this little arguement which goes like this.
1) This is your question
2) This is my reply to you
During the last Asia financial crisis, which center around SE Asia, several banks (OUB, Keppel Bank, Tat Lee Bank) in Singapore merged and that has given them the additional size and liquidity to go around the region to acquire crippliing foreign banks. Hence to answer you questions, the financial crisis didnt actually slow Singapore bank down, it actually gave them the opportunity to venture overseas.
3) This is your comment
4) This is my reply
Please dont try to discount the work MAS has done to ensure the survival of Singapore banking system during the crisis, because many big US banks have failed while trying to stay afloat.
It is always easy to speak like an armchair critics after the dust has settled down, but without liquidity and financial muscle, how on earth is our local banks able to be opportunistic by venture overseas?
5) This is your comment
6) This is my reply
You have to remember that YOU have specifically asking me about the health of Singapore banks during the financial crisis. (see your own question) , so why are you talking about San Miguel, Malaysia banks etc?
ok, press repeat. back to your oldself again. -
Originally posted by O o O:
Personally I think it is a waste of my time talking to you because you dont even know what is the purpose and reason for asking certain question.And I guess that explain why you are have this little arguement which goes like this.
1) This is your question
2) This is my reply to you
During the last Asia financial crisis, which center around SE Asia, several banks (OUB, Keppel Bank, Tat Lee Bank) in Singapore merged and that has given them the additional size and liquidity to go around the region to acquire crippliing foreign banks. Hence to answer you questions, the financial crisis didnt actually slow Singapore bank down, it actually gave them the opportunity to venture overseas.
3) This is your comment
4) This is my reply
Please dont try to discount the work MAS has done to ensure the survival of Singapore banking system during the crisis, because many big US banks have failed while trying to stay afloat.
It is always easy to speak like an armchair critics after the dust has settled down, but without liquidity and financial muscle, how on earth is our local banks able to be opportunistic by venture overseas?
5) This is your comment
6) This is my reply
You have to remember that YOU have specifically asking me about the health of Singapore banks during the financial crisis. (see your own question) , so why are you talking about San Miguel, Malaysia banks etc?
i think you should send this post to yourself and read, re-read again. maybe, from that perspective, you will see some light.
you already stepped on your own foot with your first reply.
and like i said earlier, you are digging yourself in deeper by perpetuating this.
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Originally posted by maurizio13:
actually he is quite entertaining, i am just glad he isn't smarter, else i can't get entertainment value here.i can sense a new nick morphing now.....
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Originally posted by redDUST:
i think you should send this post to yourself and read, re-read again. maybe, from that perspective, you will see some light.
you already stepped on your own foot with your first reply.
and like i said earlier, you are digging yourself in deeper by perpetuating this.
For the benefit of other forummers here, I believe we should try to cut the chase and go straight to the point. Before I answer further question, can you please tell me what is your purpose of asking me about Singapore bank during the financial crisis. -
Gazelle tactic: Must ask why others ask him a particular question.
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Originally posted by eagle:
Gazelle tactic: Must ask why others ask him a particular question.
After losing argument Gazelle will succumb to posting pictures and resort to hurling insults at his opponent's parents. -
Originally posted by maurizio13:
After losing argument Gazelle will succumb to posting pictures and resort to hurling insults at his opponent's parents.
You are most welcome to join me and Red in our discussion if you have reliable facts to contribute. Or do you prefer to spend your time training your dog. -
Originally posted by O o O:
You are most welcome to join me and Red in our discussion if you have reliable facts to contribute. Or do you prefer to spend your time training your dog.
You are too stupid to be trained.
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Originally posted by maurizio13:
i have this feeling too.
if he is an army regular, i will spit on him. -
Originally posted by O o O:
For the benefit of other forummers here, I believe we should try to cut the chase and go straight to the point. Before I answer further question, can you please tell me what is your purpose of asking me about Singapore bank during the financial crisis.i will address you on 2 counts, and i hope you will just STFU and twiddle you 2 bigger Os from then on. we can chat on other matters but this one ends here.
1. you made 2 premise in your posts about banking in singapore which are highly debatable. i merely addressed these 2 points. to get my second point across, i need to reference other country and industry to get it across. i am not sure if you deliberately duck my replies to you or you really do not understand.
2. on your constant tirade about my going out of point (which i didn't btw), aren't you the bigger culprit when we were talking lattes and you suddenly jumped in and talk banks?
or are you the fall guy for lionnoisy becos his thread is so bad and illogical that you have to come in and play hero? he must have thank you profusely because instead of him looking the part of a fool, you actually surpass that with you nonsensical tirade about banks, when all we want to talk here is double expresso and a flat white.
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Originally posted by redDUST:
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1. you made 2 premise in your posts about banking in singapore which are highly debatable. i merely addressed these 2 points. to get my second point across, i need to reference other country and industry to get it across. i am not sure if you deliberately duck my replies to you or you really do not understand.
Based on your question, which goes like this
now, the question for you is, does singapore banking sector grew and grew each year? and with the economic meltdown that happened not too long ago, were our big 4 continue to post healthy growth and profits?
I was telling you exactly what was happening to Singapore bank industry and how Singapore banks took the opportunity of the financial crisis to venture overseas.
Didnt I answer your question concerning about Singapore banks? If you think that we should compare Singapore bank performance to other bank, then can you tell us which bank should we be comparing because there are 1000s of different banks in this world, and how do you want to compare the bank performance?
2. on your constant tirade about my going out of point (which i didn't btw), aren't you the bigger culprit when we were talking lattes and you suddenly jumped in and talk banks?
Although the article is talking about ANZ bank, however what I was trying to highlight is that ANZB bad loan provision is due to homegrown domestic problem, such as deteriorating of credit condition and Australia housing market, and not simply CDOs exposure.
And obviously that is the main reason why Starbucks is closing so many branches across australia isnt it?
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Originally posted by O o O:
starbucks closing in aussieland is a business decision. it has nothing to do with anz bank faltering or not, or for the matter if australia is staring at an economic meltdown. the starbucks worldwide is going thru' an business upheaval right now and consolidating.
so, for pete sake, don't make yourself a bigger fool by desperately trying to link the 2 sparsely related matter. and for the matter, bring singapore banks into the discussion.
i sincerely hope you are not on the pap's payroll here....
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Originally posted by redDUST:
starbucks closing in aussieland is a business decision. it has nothing to do with anz bank faltering or not, or for the matter if australia is staring at an economic meltdown. the starbucks worldwide is going thru' an business upheaval right now and consolidating.
so, for pete sake, don't make yourself a bigger fool by desperately trying to link the 2 sparsely related matter. and for the matter, bring singapore banks into the discussion.
i sincerely hope you are not on the pap's payroll here....
I think you have got it wrong again.
When I am quote the article about ANZ Bank, I am not interested to talk about bank, or suggest that starbucks decision is due to ANZ bank, but rather the bleak outlook of the Australia economy due to deteriorating of credit condition and Australia housing market.
If you are already an adult who is paying your own bills and mortgage, you should know that housing loan is the biggest liability for any household or individual during uncertain time, especially when mortgage interest is above 9%. hence you should know how big the impact it is going to be on the an economy that has been supported by people who are highly geared.
As you have rightly pointed out, it is a business decision based on facts, numbers, not emotions and gut feeling, and that why starbucks are still keeping 23 stores in Melbourne, Sydney and Brisbane CBD areas only.
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RedDust,
I think it is more constructive to continue our discussion here instead of you talking about it on another thread.
What do you think?
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Originally posted by O o O o:
RedDust,
I think it is more constructive to continue our discussion here instead of you talking about it on another thread.
What do you think?
do i have anything more to say to u on your comments below?
`singapore banks consolidate so it can aquire crippling banks oversea is a masterstroke from mas'
read a few posts up. i am done on this.
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Originally posted by redDUST:
do i have anything more to say to u?
I was just wondering because I read that you were bitching about it on another thread.So do you agree that Starbucks business decision to close 3/4 of the outlets in Australia is a business decision based on numbers and facts that is related to the economic problems mentioned in that ANZ bank article?
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Originally posted by O o O o:
I was just wondering because I read that you were bitching about it on another thread.So do you agree that Starbucks business decision to close 3/4 of the outlets in Australia is a business decision based on numbers and facts that is related to the economic problems mentioned in that ANZ bank article?
yeah, i did. i am just having some fun with your moronic statement, but it doesn't mean i want to discuss with you further. you makes no sense after your your litany of trip and stumble with your replies, which ended with you asking me what i my question to you was.
sorry, but i am in no mood for small talks with you.
you have your work cut out for you with your property and stock market discussion, so keep at it.
