UOB    Last:34.42    -1.31

UOB

Financial stock facing the effect from US....more to come???

Never doubt Mr Wee's wisdom....

 

Wee senior is rightfully worried about the size of the cdo markets. How big is the cdo-markets? I can perfectly understand senior wee concerns.

About 2 decades back, bear stearns was the biggest market seller of such products. The product was also sold in singapore back then. Back then, conservative banks like it for its high yields backed by some big wall-street names that distribute/promote it. A local bank, now no more (taken over), was known to be quite a eager buyer of such products. How big is it sitting on the off-balance sheet of the acquirer? What about monoline exposures? I think banks are now discovering that portfolios bought many many years ago which they thought were conservative products weren't so safe after all.

Another big concern are structured notes which are another types of high yielders with varying exotic structures. Investors of such structured notes should look beyond the high yield projected and instead get to understand the underlying risks. No such thing as low risk, high yield. If life is so simple, no need to think so hard to make money. But I'm not discouraging anyone to take calculated risk or avoid risk altogether. If you take away risk, you take away opportunity in life.

 

...esp. financial sectors in Europe and US is bearing the slash of the Bear...

 

Will test below $18 this week???

 

Down 34 cents to $18.62, why sudden fall??? Due to US finanacial flu???

 

Last min. transaction to push UOB up positive territory and $19 level, can it substained?

Will face pressure tom. esp. when most financial is dropping in US and Citi Group break thru US $18 level.

 

TA shows buy signals. Anyway, i've no more bullets left. Must wait for overhaul...hehehe.

 

Solid jump of 40 cents, any ideas for the spike esp. when Fed is announcing the outcome of rate tonight....very irrational...

 

this bank generates plenty of carbon footprints every day.... don't know how many trees to fell to satisfy its paper needs.... ever ask their banking staffs why so much paperworks in this bank... they just smiled smiled... shrugged shrugged....

this bank most kiam-siap... the lowest interest rate around... true or not...

 

I'll wait. Williams, MA crossover not showing any sign of buying.

 

Will UOB test previous low set in March???

Dow will set the  trend...

 

Will financial stock faced the smack similar with that of their US counterpart???

With technology and financial market closely intertwined nowsaday...highly possible.

UOB close the week lower than $18.88 with brief recovery during mid week above $19 and falling again....

Think it will go lower??? Dow has set the trend for next week and Oil prices if go higher will lubricate the fall further....

 

DBS Vickers cuts UOB target price to $21.00 from $21.80 due to increase in risk free rate assumption to 3.9% from 3.0%, maintains Hold rating. Broker says UOB carries a premium with past conservatism priced in, warns future earnings could be hit by compressed net interest margins. But notes bank may benefit from Malaysia rate hike, generates 11% of its profits from Malaysian operations, has large proportion of variable loans, should benefit from re-pricing of lending rates whilst deposit rates lag behind.

 

They did well when we had the last financial crisis. They will do well again. If there's a price you feel comfortable to buy, just buy it. It is a very good stock. 

 www.investinsgx.com
 

winsontkl      ( Date: 13-Jun-2008 21:41) Posted: Back to $18.88....still holding pretty well... winsontkl      ( Date: 10-Jun-2008 21:48) Posted: Ending with a nice touch $18.88......with sentiment sudden switch....will test $18 this week???

 

Back to $18.88....still holding pretty well...

winsontkl      ( Date: 10-Jun-2008 21:48) Posted: Ending with a nice touch $18.88......with sentiment sudden switch....will test $18 this week???

 

Wipe out yesterday gain.....and more

 

Triple digit lost in Europe and Dow...not very rosy...

 

Sit tight for roller coaster ride tom....

 

A summary for today.

Last Trades Volume Bid Volume Mid Ask Volume 18.840 7 34,000 1,000 0 33,000 18.860 26 142,000 102,000 0 40,000 18.880 31 156,000 75,000 1,000 80,000 18.900 29 165,000 129,000 1,000 35,000 18.920 8 51,000 11,000 0 40,000 18.940 12 40,000 19,000 0 21,000 18.960 5 34,000 25,000 0 9,000 18.970 1 2,000 0 2,000 0 18.974 1 7,000 0 7,000 0 18.980 19 90,000 73,000 0 17,000 18.994 1 7,000 0 7,000 0 19.000 38 225,000 88,000 0 137,000 19.020 32 203,000 96,000 41,000 66,000 19.024 1 31,000 0 31,000 0 19.040 42 226,000 114,000 0 112,000 19.047 1 3,000 0 3,000 0 19.060 9 46,000 8,000 1,000 37,000 19.080 21 86,000 26,000 0 60,000 19.100 25 170,000 105,000 3,000 62,000 19.117 1 14,000 0 14,000 0 19.120 33 176,000 102,000 0 74,000 19.140 27 87,000 38,000 0 49,000 19.160 33 113,000 79,000 0 34,000 19.180 56 406,000 125,000 143,000 138,000 19.197 1 7,000 0 7,000 0 19.200 52 347,000 239,000 0 108,000 19.220 22 187,000 57,000 0 130,000 19.240 23 164,000 116,000 0 48,000 19.260 38 329,000 231,000 0 98,000 19.280 24 178,000 50,000 5,000 123,000 19.300 18 180,000 16,000 1,000 163,000 19.320 2 4,000 0 0 4,000 19.338 1 60,000 0 60,000 0 TOTAL 640 3,970,000 1,925,000 327,000 1,718,000

 

Ending with a nice touch $18.88......with sentiment sudden switch....will test $18 this week???