DBS    Last:42.08   -

DBS

akang datang....

 

Goldman Sachs :

Coming to $14.50 in due time

 

Always let market be your only guide... (ie. don't stick to your opinions)...


Listen to what it is telling you... and it will save you much money...

This is what I have learnt ...  

 

Dow is down by 2.9% or 370 points and the biggest losers were "banks, which have already suffered huge losses in their investment portfolios last year and are now socking billions of dollars away to prepare for debt-burdened consumers to stop making payments"....what's the impact over in Asia, over in S'pore.........not a rosy outlook for sure.

What a way to end the "pig" year .....sigh....

 

should be the case but ..... market force is stronger.....for now should be more on the downside...

 

ang moh is very influential.....AMTK

 

Read from CNA forum and most commented when ang mo downgrade....90% chance for the stock to move opposite direction...how true is that??? Ha....ha...

 

DBS dip from 19.24 on 14 Jan 08 till 17.68 on last Fri. Below were the last week performance for your reference, esp for those to short it:)

28-18.06 -88cents

29 no change

30-36 to 17.70

31-38 to 17.32

1 Feb +30 to 17.68

Pse note that the analysts downgraded both DBS and UOB upward price to 14.50 and 15.50 lately. Can take these as consideration for tomorrow or days later trading, for kopi or beer money only. UOB closed at 17.92 last Fri. Both stock need 20 cents to break even, hence for shorters, pse consider. Cheers.

 

So, quite a fair bit of downside...

 

This one will go to - $14.50

- FROM GOLDMAN - THE ONE WHO BEAT THE SUB PRIME

 

Despite the rally on Friday, note that it was not supported by large volumes. So this gain may not be sustainable.

 

Result will be out on 15 Feb 08, will provide clearer picture on its standing...

 

AK advice is that don't be lured by the today's Bank's up trend. All their next FY announcement may disappoint All, just like Keppel Corp, Keppel Land etc. BTW, is SPC a good by now, think twice. Keep cool until 2 weeks or so before 25 Apr 08, the Ex date for SPC Div.

 

Quite pessimistic about financial stocks after the "wHoHa" in US...no doubt S'pore is under stringent control but as the whole world but more intricately linked so does financial sector...

 

Just read a related article in BT regarding Sinagpore Bank comments by Goldman Sachs.................. can only conclude......Siam Siam!!!

Time to bottom-fish? Not yet... take profit on rate cut relief rally: While we see long-term fundamental value in Singapore banks, we believe that their share prices will be volatile, but ultimately range- bound with a downward bias. We would take profit on any further US rate cut rallies, and back up the truck at the following share price levels - DBS: $14.50 on 1.04 times FY08 P/B estimate; UOB: $15.5 on 1.3 times FY08 P/B estimate; OCBC: $6.80 on 1.3 times FY08 P/B estimate - at which point the banks are below ex-growth (impact of the US slump notwithstanding). This is based on the trough valuations in 2001-2003 during the US recession and Sars period, with 20 per cent (UOB) to 30 per cent (DBS) premium to factor in significantly higher ROE now as against that period.

 

Hi All, just read an article on BT stating that Temasek has gradually increased its Stanchart holding from 12% in 2006 to 19 %. What's the possibility for "a deal between Stanchart and Singapore's DBS Group" as Temasek holds around 28% of DBS....

Good outcome???

 

be careful when DBS announced FY07 - any hits from sub-prime will turn local mkt sour.

 

 

From now on, there is no good play for bank's counter in ST, after the unfavourable comments from the analyst in local papers. Henceforth, as the local banks in spore are the main contributor to the ST indexes, the high climb daily indexes are going to be history already. The situation may turn a bit better after the last qtr results are announced. But don't be dishearten by this, there are other good apportunities as well. Cheers.

 

hedge funds are the real winner now as they r taking counter positions from all those ppl who long CDOs etc...

they need not report and register to the SEC and hence noone know how much the funds are earning except the fund holders.. but then from the earning of all the hedge fund managers mentioned in the alpha magazine.. u can roughly know how much the fund earns..

top hedge fund manager can earn a few billion USD a year... so you can imagine...

 

I have also been wondering whether who's the real winners from the billions of $ being write down from so many banks all over the globe? Could it be the ordinary poor Americans who misses housing payment right now or eventually the big Property developer who at least can hold on to their properties to be sold in future when market turn again?