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With current market atmosphere, don't think about DBS will touch 18.00.If it can sustain at a yr low of 16.58 on 10 Mar 08, for the next couple of weeks, then it is heng already leow. Be alert. Cheers.
Sad sight...one day show of green....
Got its revitalisation from DOW....Cheong all the way to $18????
Reversal trend....green in place of red.....
With the DBS internet banking down for a couple of hours today, will the stocks price plunge tomorrow?? Hehehe...nowadays any thing can affect the market....
Still look bearish leh.....
Siam!!!
07 Mar 2008 15:38 CST DJ MARKET TALK:BNPP Keeps Singapore Banking Sector At Underweight
0738 GMT [Dow Jones] BNP Paribas keeps Singapore banking sector at Underweight despite the banks' core EPS growing "laudable" 16.7% in 2007, citing several speed bumps, including margin squeeze, moderating loan growth, weaker non-interest income, higher credit charges. Notes Street slashed sector earnings forecasts by up to 6%. "We remain cautious on banks from a top-down perspective. We envisage more share-price downside risks, on the back of strong macro headwinds. Any share-price rise is unlikely to be sustainable, as trading multiples will remain compressed in view of weakening global economic prospects, suggesting that investing in banks could be dead money for now," says Ng Wee Siang in report. Says at 1.4X 2008E BV, valuation "not compelingly cheap," adding it's too early to bottom fish. Recommends exposure via DBS (D05.SG) for more attractive valuation, more exciting earnings growth profile. Rates DBS at Hold with S$20.40; Reduce ratings on UOB (U11.SG) with S$16.20 target, OCBC (O39.SG) with S$6.30 target. DBS down 1.5% at S$16.74, UOB down 1.7% at S$17.64, OCBC down 0.8% at S$7.48; STI down 1.7%. (LES)
0738 GMT [Dow Jones] BNP Paribas keeps Singapore banking sector at Underweight despite the banks' core EPS growing "laudable" 16.7% in 2007, citing several speed bumps, including margin squeeze, moderating loan growth, weaker non-interest income, higher credit charges. Notes Street slashed sector earnings forecasts by up to 6%. "We remain cautious on banks from a top-down perspective. We envisage more share-price downside risks, on the back of strong macro headwinds. Any share-price rise is unlikely to be sustainable, as trading multiples will remain compressed in view of weakening global economic prospects, suggesting that investing in banks could be dead money for now," says Ng Wee Siang in report. Says at 1.4X 2008E BV, valuation "not compelingly cheap," adding it's too early to bottom fish. Recommends exposure via DBS (D05.SG) for more attractive valuation, more exciting earnings growth profile. Rates DBS at Hold with S$20.40; Reduce ratings on UOB (U11.SG) with S$16.20 target, OCBC (O39.SG) with S$6.30 target. DBS down 1.5% at S$16.74, UOB down 1.7% at S$17.64, OCBC down 0.8% at S$7.48; STI down 1.7%. (LES)
Avoid all stocks till 2nd half of the year,,,,why go in..earning pittance but suffer great losses if unable to cut in time?Prudence is the key....
Will the credit crunch in US and Europe flow to Asia.....???? ie. worries of increasing default and fall out rate ....... because financial sectors all over the world are intricately linked.....
Not everyday is a Sunday like the saying goes....however, the Fed in order to ease the nation's credit crisis, plans to make available to banks this month to $100 billion. That is some good news, one might say but look at it carefully, one may wonder how bad the situation has deteriorated in US....
Last time round when market was in similar situation ... Bernanke cut rates by 75 pts one week before FED meeting. Remember on that day, STI suddenly rally up in the last 15 minutes before closing. Will history repeat itself TODAY? .... FED meeting next week leh! CUT CUT CUT rates. How much?
Looks like the bear is stronger.....closing with all yesterday gain wipe off...
Yesterday, moderate recover to $17.20.....will it hold....
Thanks...still learning...
Hi winsontkl,
I tend to agree with you. The charts don't look inspiring.
Quite bearish...
Thanks in advance....huat tua tua...
That's possible...
If I know, I would have told you... hehehe... 
So expect more downside???