Last:34.42    -1.31

UOB free falling like Citigroup

Bro, Augtung beer a bit bitter leh, though d promoter in Teck Whye chiew boo. But still stick to Carlsbergh, though at times, entertain tiger n becks, they are Chinese nationals, earning a living here, not easy.

Sorry, AK off d desk aft lunch brk, 4 per commitment.

D G20 1 trln to roll back recession did push DJ to surge 152.68 on Apr fool day. But most bank counters didn't perform well, ie Citi, JP, MS or even AIG n ppty F. Mae.

STI orchestra next day, BBs pushing up d local banks, pple follows. But HSI bank, ie HSBC, BOC n Stanchard did do well either?

DJ rushed again last nite, but STI today performance so so, attributed to profit taking, n nervous weekend forbial. OUB n OCBC see gain grd but not DBS. Why? 3 local banks are going to announce 1Q result ds mth or early next mth. Wat MFTs claimed that bank susceptible to high bad debt n exp to CDO will likely to be pinched. HSI bank ie HSBC n BOC didn't perform well today, except Stanchart surged 8.3 HK$, dun know why. Could be Britain PM, Mr Brown janji in d G20.

On d otherhand, in local, d bank had d lowest 1st Tier opt cap, had to think of away to deco its report card, by all means. AK couldn't understand why it given such high div, but not keeping hard cash for economy draught? Just like Capland!!!!One bank had done it via R issue early ds yr to make up d Tier quota.

Now, at DJ , ALL d finance coy are in red lest BOA, 2 cents gain, 22.42hrs ago.

Now, d fear is that G20 time line for d rescue is not firmed, n yet any country can apply for bail out fr IMF, if need be. D hidden financial crisis, ie Greenland ones, not exposed yet.

So, wat we can think of d financial sectors, in anywhere in d world? Brigth??

Above r AK views, no special calling. For sharing. 

Sorry, DBS 1st Tier cap now above 10% after Right issue. D incumbant now closes 8%. Though no strong sign to do anything now, but generally coy will do something when market is in favour to them to raise fund via issuing R or notes. Esp those coy intentionally to push up d px, aggressively.

IR coy needs fund to train n send d newly employed staff O/S. Related coy 1 Q result may also affect its opt cap, esp d gambling sectors shrinks since last few Q. Moreover, getting loan fr bank, nowadays, not that simple liao. Pse note that, 3 workers were injured in d work sites lately. Heng, no stop work was imposed, as general practice in industrial accidence.

Above, just AK view, no calling.

What is MFT?
UOB looks strong.
Between UOB and DBS, which is better?