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market cap is a factor but cant outplay political reason. sensitive issue. do some research you will know.
Gotta break that $10.00 barrier!
Some posts been deleted?
I think it is the other way round.
OCBC with the largest market cap for banks in SG (20% bigger than UOB) is more likely to make a forceful acquisition for UOB (smallest bank market cap) when the time is ripe.
It is a scenario of the big (OCBC) shark eats the small fish (UOB), but I don't think it will happen anytime soon as OCBC needs to expand agressive further so that it will become much bigger than UOB in a few years time.
DBS (currently same mkt cap as OCBC) may play bad guy and make a forceful acquisition for UOB first just like 10 years ago when DBS first make a take over offer for OUB.
OCBC may come up from behind and make a more attractive offer to take over UOB just like 10 years ago when UOB came up with a better offer to take over OUB.
UOB most likely will agree to the take-over by OCBC as it is a better match than with DBS as both OCBC and UOB are privately owned banks.
So finally the curtains will come down and we will have 2 banks as commented by some govt person. But it may be a few years down the road before this happens.
lousy stock
OCBC - Technical Analysis
OCBC Bank has resolved a triangle consolidation on Tuesday. The stock is now facing resistance at 9.98. A decisive close above this horizontal barrier would confirm the recent bullish breakout and give an initial upside target at 10.30. Clearing the latter area would likely resume the major uptrend towards a mid-term objective around 10.80/10.90. A drop below 9.75 and then 9.63 on the other hand would invalidate the short-term constructive technical outlook and suggest a test of important support at 9.36/9.42.
/by db warrants/
lousy stock
Good Stock!!!
bsiong ( Date: 29-Dec-2010 13:31) Posted:
break up 10.00 liao.....
(someone will respond with 'lousy stock'....  ya, perhaps it is... cheers.) |
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OCBC stock's fantastic run is over and it is at a crossroad now with significant downside risk. It is better to look eslewhere.
break up 10.00 liao.....
(
someone will respond with 'lousy stock'.... ya, perhaps it is... cheers.)
lousy stock
hesitating and indecisive.... time will tell.
lousy stock
lousy stock
lousy stock
no diff except a few additional downward sticks.... let's see tomorrow the stock performance.... :)
epliew ( Date: 15-Dec-2010 19:37) Posted:
hi brother any updates on your charts ?
bsiong ( Date: 10-Dec-2010 11:08) Posted:
Hi epliew, this is for you. i am quite pessimistic abt this counter in near term, it is range bound and finding its support, in my view, at the lower trendline, where the arrow is...... good luck and happy trading. 
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lousy stock
later merge with dbs or uob see how you all run.
hi brother any updates on your charts ?
bsiong ( Date: 10-Dec-2010 11:08) Posted:
Hi epliew, this is for you. i am quite pessimistic abt this counter in near term, it is range bound and finding its support, in my view, at the lower trendline, where the arrow is...... good luck and happy trading.
epliew ( Date: 10-Dec-2010 10:15) Posted:
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wow.. 9.70....
normally rebound when it hit 9.72....
can show your charts, thanks! |
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wow. i aim at 9.46 okay ?
bsiong ( Date: 15-Dec-2010 14:10) Posted:
OCBC - Technical Analysis OCBC Bank stock is digesting the recent mid-term upthrust in choppy sideways action. The short-term technicals are neutral. The overall bias remains to the upside. Immediate trend resumption would be on the cards on a decisive break above horizontal resistance at 9.98 and the short-term downtrend line near 10.00. Next upside targets would be 10.12 and then the peak at 10.30. Possible mid-term target is located at 10.80/10.90.Violation of next support at 9.70 would likely trigger a move down towards solid mid-term support 9.36/9.42.
/DB warrants/
/exercise due diligence before trading .../
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lousy stock
