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I prefer DBS too... :)
It is a more solid (meaty) animal for CFD play...
Avoid DBS will fall <$17 soon perhaps wait till st 2700 to collect at $15 safer..now it's temporary held up by dividends after this sure drop further
OCBC is a good stock to buy. May be one day, singapore would be having two local banks only.
concur with shplayer. based on fundamentals and techs, i personally prefer ocbc too. it's more constant for charting.
Great, seems like all SJ gang is back...Shyplayer, iPunter, elf ......make SJ much more interesting...
As for TA, salute to Singaporegal....Zhun zhun always....
Lots to learn from all
winsontkl,
Don't really track the banks stocks.......but offhand, I prefer OCBC for the following:
- Most conservative write off of CDOs.
- Smallest bank....highest chance it will be a takeover target (remote in the foreseeable future)
As for DBS, new CEO coming in..........what do you think is the first thing on his agenda......clean house to get rid of as much of his predeccessor's baggage/skeletons (though his hands may be abit tied....DBS is a TLC etc).
personnal opinion.
Thanks..Shyplayer....so what's your take...
winsontkl,
I think there is an unwritten rule that investment companies do not publish reports of related companies.
Notice that financial sector did not rally much recently esp DBS...what's the concern....subprime and credit crunch????
What about its parent company???
DBS Securities is upbeat about OCBC
Turned from positive to negative liao....
Seems to be losing steam....
However, OCBC seems to turn bullish as compared to DBS....refer to OCBC thread...
Margins of all the banks will be squeezed with lower SIBOR ...expect them to drop further b4 buying..avoid in the meanwhile..temporary support by its dividends
That is???? Sorry, not good at TA...care to share....thanks!
Instead of focusing on doom n gloom.... take a really close look at UOB and OCBC. Do some TA. See what they are trying to tell the market.
Heheheheheheheehehehe.
Back to square one from previous day...
recent low $16.60 ab ...may go even lower..limited upside..citicorp rate TP $18.08...reached recently..better to avoid just sold mine at $17.90 after buying at $16.90 within a week
Sentiment just turn around at Dow,will DBS follow??? Yesterday post a gain of $0.30...today???