DBS
Last:44.48
+0.18
DBS
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921-940 of 1413
Gut feel for rally or mini is in May .......
wait for another 20-30% drop before buying...........
MFTs gave -ve outlook on all 3 local bks. Chialat liao. SingTel also no strength. STI gonna be affected loh.
Looks like this counter is heading south south south...
eer...eer...eer..
....ooh
DBS has the most aggressive investments among all the banks. Def will kana the worst hit.
ocbc is exposed to SMEs loan...so do you think the share price will be impacted if defaulted. So generally I think all the share price will still go down unless the economy picks up. To me DBS still have room to drop further - free fall unless suitation in US improves.
leong3k ( Date: 26-Feb-2009 11:13) Posted:
| dbs vs ocbc which one is better banking stock for long term.. any comment..? |
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Oops ... $7.00 level gone ...
Thanks AK.
Observation: It had been suffering flu early d morning for d last few days, but recovered in d late afternoon. Strange phenomenon.
Ha ha, kena bitten ds morning, now mild bleeding. Hope can recover later.
PS. Today Zaobao, DBS n UOB were down graded by MFT. FYI.
Hi Ozone2002
Is this trend going to happen within this week? Thanks.
accumulation happening in the past 2 days..
very likely to surpass $7.3...with resistance @ $7.7
DBS has the most number of negative news among the local banks. It is the most exposed regionally, from China to India and in the present financial climate that is bad news. It has the most exposure to IR. It is the only local bank to issue toxic structured products in the form of High Notes and more court cases are being lodged against it from Hong Kong to Singapore. Whether the price is cheap is relative. The fact that it had to issue $4 billion rights so soon after $1.6 billion placement does not speak well of its position and the latest rights was only 18% oversubscribed.
No matter what their 'pai', the best
sifus are the ones who are prepared to cut loss immediately when they have to...
DBS or OCBC I am also trying to decide.
Your analysis is good enough to be graded as sifu, so dun need to ask available sifu to verify. Each sifus will have different analysis on their own, and AK is one of them. Cheers!
AK_Francis ( Date: 26-Feb-2009 12:06) Posted:
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Tamasick own 28% steak of DBS. AK guesses, d bank unable to get help fr d big brother as it alrdy got burnt owing to foreign bk investment. Hence, Right issue comes. D right issue had diluted d share valuation, as compared to previous one.
At STI of 1472 yr low, DBS touched at 8.87, now its far below 8.00, not surprise. Whereas OCBC, then was low at 4.41, now staying at ar 4.6. Now looking at FY 08 div yield, both give 14 cts. Practically OCBC seems good n cheap, at least at ds moment.
DBS market capitalisation lose to other bk but its total realised assets are still d top local bank, if still can recall. After d 4b fr R, it may be otherwise. Its footprint on investment is wide, including high risks investment. Should see some of those published in paper. OCBC is a typical Chinaman type of bank, not much involved in high risk n high return investment.
Above may not be all correct, for ref only, sifus can chip in as well. no call for anything. CA applies.
leong3k ( Date: 26-Feb-2009 11:13) Posted:
| dbs vs ocbc which one is better banking stock for long term.. any comment..? |
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Tamasick own 28% steak of DBS. AK guesses, d bank unable to get help fr d big brother as it alrdy got burnt owing to foreign bk investment. Hence, Right issue comes. D right issue had diluted d share valuation, as compared to previous one.
At STI of 1472 yr low, DBS touched at 8.87, now its far below 8.00, not surprise. Whereas OCBC, then was low at 4.41, now staying at ar 4.6. Now looking at FY 08 div yield, both give 14 cts. Practically OCBC seems good n cheap, at least at ds moment.
DBS market capitalisation lose to other bk but its total realised assets are still d top local bank, if still can recall. After d 4b fr R, it may be otherwise. Its footprint on investment is wide, including high risks investment. Should see some of those published in paper. OCBC is a typical Chinaman type of bank, not much involved in high risk n high return investment.
Above may not be all correct, for ref only, sifus can chip in as well. no call for anything. CA applies.
leong3k ( Date: 26-Feb-2009 11:13) Posted:
| dbs vs ocbc which one is better banking stock for long term.. any comment..? |
|
We all know it's risky to get into banking counters now. But no risk no gain. DBS was trading $24 just 18 months ago. It's down to $8 or just 30% of the peak price. What I see is that anything below $8.00 for DBS is a bargain (provided you have long timeframe for this counter, 2 years).
Good Luck!
dbs vs ocbc which one is better banking stock for long term.. any comment..?
