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Oversea-Chinese Banking Corp (OCBC.SI), Singapore’s second-biggest bank, will be in focus ahead of earnings later on Friday. Analysts expect the bank will report an 11 percent rise in quarterly profit, boosted by strong contributions from its insurance unit and from higher fee and commission income.
OCBC: GEH’s weaker 4Q results means analysts have to adjust their forecast for OCBC’s 4Q net profit down by ~10%. Still, this may be less of a concern, given the strong underlying business trends at GE. The upstreaming of cash to OCBC is also a positive, and may help improve its capital adequacy ratios, which under Basel III, can be rather punitive for OCBC.
OCBC’s results due 18 Feb.
OCBC’s results due 18 Feb.
buying during correction ?
Hulumas ( Date: 15-Feb-2011 12:03) Posted:
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Correction is still carrying out for all local Bank counters!
niuyear ( Date: 15-Feb-2011 11:51) Posted:
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Seeing more people putting money back to the bank.
The fix deposit rate is much much higher now compared to previous.
krisluke ( Date: 11-Feb-2011 23:50) Posted:
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It is marketing hype. I believe it will fall below $9 in a week's time.
Time to buy " ho c mg c" now @ S$9.48 !!! Good Luck
Trend line: betting with broker.
Support/resistance: betting with banker.
Fundamental: betting CEO aggressiveness and insight...
Bank deposit: betting with country government and securities.
my 2c, hi chance it finds its support at 2 or 3. Just my guess..
//
The thing about marketing hype is once it achieves anything less than sterling results, the stock will plunge back below $9. The higher the expectations, the harder it falls.
let us see if ocbc can close above 9.64..... then monday will be a clear pic..... for friday annoucement !
niuyear ( Date: 11-Feb-2011 15:11) Posted:
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Oversea-Chinese Banking Corp
S$9.64 Target: S$11.04Recent weakness provides opportunity
Banks
Mkt.Cap: S$32,172m/US$25,251mS
INGAPOREOCBC SP / OCBC.SI
Kenneth Ng CFA +65 6210 8610 – kenneth.ng@cimb.comrmed by CIMB
okay waiting for it to re-test 10.36 !
bsiong ( Date: 11-Feb-2011 11:41) Posted:
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OCBC - Technical Analysis
OCBC Bank stock extended its downside correction as it broke short-term support 9.82 on Tuesday. It touched a session low at 9.54 in yesterday's action and bounced back slightly. A doji-candle in the daily chart is indicating short-term tug-of-war between buyers and seller at current levels. A near-term recovery seems possible, since technical oscillators show oversold readings after the recent decline. A decisive move below 9.54 would suggest immediate resumption of the short-term downtrend targeting important zone of support 9.30-9.42. Decisive violation of the latter area would be mid-term bearish. Next levels of resistance are located at 9.63 and then 9.82. Crucial resistance is seen at 9.94/9.98. A close above the latter barrier would likely trigger a retest of the peak at 10.36
/dbwarrant/s///fyi
what is your buying price ?
Hulumas ( Date: 10-Feb-2011 18:32) Posted:
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That is the way, people can make small money too. I take big gain, since my cost price is very low!
epliew ( Date: 10-Feb-2011 14:12) Posted:
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now @ 9.58..... what do you think ?
lagging indicators seems to say it has reach bottom..... any bullish trend it should cheong above today bearish market.
niuyear ( Date: 10-Feb-2011 17:06) Posted:
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Shortsellers target price @ 9.50.
Can buy @ $9.50 or not huh? :)
climb back up again ! 9.57
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| balancing act ! seller equal to buyer....... later i check if the bank are buying their own share back ! | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||