DBS    Last:42.3    -0.05

Bank Stock

remember seen days ago from DBS Vickers call for buy for UOB, DBS... so banking sector should be steaming up towards its target before yer end....

 

 

Same here. Had taken position at OCBC as well.

OCBC has the most upside potential of the 3.

DBS and UOB need to expand regionally to really show their growth as they had almost reached saturation locally.

 

Adding to Pinnacle's post, if I were to take positions on the banking sector, my priority will be:

1. OCBC - because it is least exposed to the CDOs and being the smallest of the 3 banks, it has the highest possibility of a takeover target (although this is quite remote for the time being)
2. UOB - because of the entrepreneurship of its management.
3. DBS - basically run with bureaucrat mentality.....but being govt owned, it will have an advantage over others in govt linked projects.....aka POSB acquisition.

1 & 2 are close calls...but current preference for OCBC is because of the CDO issue.

Just my personnal opinion....caveat emptor

 

All 3 banks will take some hitting today as Citi reported a very bad quarter due to sub-prime.

Our big 3 have CDOs, which link to sub-prime. The real percussion is still yet to surface.

However, it may also be a good time to pick up some bargains for LT as the fundamental of the big 3 is still strong.

 

need some advise that how the bank stock will perform today after DJ down 108 points... Asia and Singapore economy is sound and I think bank stock should be ok today