UOB    Last:34.54    +0.18

UOB

UOB gonna break to the upside soon..

get ready..

 

uob has been in consolidation mode for very long..

laggard amongst the banks..

good to vest below 18.9

not vested..wanna do ipo quickie :)

 

Those who got $$$$$$$$$$$$, watch for UOB, whenever it drops to below $18.50 per share, it will bounds back strongly.

 

UOB, so disappointing, UOB is down, where as DBS Bank and OCBC are up or flat. Any body knows why?

 

UOB is an under-performing stock. Probably most fund managers have no confidence and is dumping the stock when the market sentiment is high and stocks are generally bullish and rising. This is the best explanation for UOB being one out of the only 3 stocks that fall in the STI today.

In the past 6 months where most STI stocks have raked up a 10% gain or more in line with the STI index gain, UOB actually lost almost 10%.

As a heavyweight, UOB help to limit the gain of the STI as its 10% fall limits the gains of other STI stocks trying to propel STI upwards.

It is probably fund managers trying to re-shuffle their portfolio by dumping non-performing stocks like UOB and chasing high betas like Jardine C&C, Genting, and even F&N.

Well the clever players are the first to dump a lousy non-performing stock, the dumb ones are the ones left holding the ball when everything has risen into the sky and the baby they are holding is still stuck in the mud.

But there may come a time when OCBC share price currently at $8.8 catches up with UOB at $18.7 and its mkt cap becomes twice as big as UOB enabling it to launch a hostile takeover. This will probably take many years and it is really not worth holding this stock waiting for this to happen in a decades time.

 

 

 

UOB is so disappointing.

 

Ha ha, AK no such $ to buy a lot of 20k. Moreover, market dun look good on d 3 local banks, esp ppty had been wacked down by gov lately.

He he, can buy many lots of GAR with less than 0.60 per lot mah. As current global market is fine n the demand is potential lah. AK guesses liao.

alexchia01      ( Date: 29-Jul-2010 11:22) Posted: Today is a Good Day to Buy UOB. 1. Price sitting just above MA30, still in Bull Territory. 2. Currently in a Short-Term Uptrend Channel with Potential High of $20.40. 3. Immediate Support Level at 19.26 and Resistance Level at 19.88. 4. MACD lines are reversing and going up. Lines have not cross yet, meaning this is a good time to Buy. 5. Stochastic already on the move up and just passes 50%. This indicate that the Bull Run already started. 6. RSI is still at 54%. There is still room for Upside. 7. Although there is a slight decrease in Revenue, UOB's Profit and Cash Flow are strong. Financially, they are Pretty Good. 8. UOB are announcing their Half Year Result on 10 Aug 2010. I'm expecting Good Result. 9. There is quite a lot of Internal Buy In since Jun 2010. A Sign of Confidence from the Board. This is just my Personal Analysis, you Invest at your own Risk. Good Luck with your Investing.

 

What's happening with UOB???????????

 

Today is a Good Day to Buy UOB.

1. Price sitting just above MA30, still in Bull Territory.

2. Currently in a Short-Term Uptrend Channel with Potential High of $20.40.

3. Immediate Support Level at 19.26 and Resistance Level at 19.88.

4. MACD lines are reversing and going up. Lines have not cross yet, meaning this is a good time to Buy.

5. Stochastic already on the move up and just passes 50%. This indicate that the Bull Run already started.

6. RSI is still at 54%. There is still room for Upside.

7. Although there is a slight decrease in Revenue, UOB's Profit and Cash Flow are strong. Financially, they are Pretty Good.

8. UOB are announcing their Half Year Result on 10 Aug 2010. I'm expecting Good Result.

9. There is quite a lot of Internal Buy In since Jun 2010. A Sign of Confidence from the Board.

This is just my Personal Analysis, you Invest at your own Risk.

Good Luck with your Investing.

 

 

UOB may be  forming a Right Shoulder...
http://mystocksinvesting.com/singapore-stocks/uob-bank/uob-bank-forming-a-right-shoulders/

 

 

BANK  is  SURE  to make MONEY

When Depositor saves     S$1 at 0.75% interest,

Bank  lends  out  S$19    (CAR at 5%)     at  5.00%.

Bank  lends  out  S$9      (CAR at 10%)   at  5.00%

Bank  lends  out  S$6.67  (CAR at 15%)  at   5.00%

Interest Gross Margin: 

(5.00 - 0.75) / 0.75 = 5.67 Times  or  567%

Deposit Multiplier Gross Margins:

For CAR at 5%,    S$19 / S1 = 19 Times or 1900%

For CAR at 10%,  S$9  /  S1 = 9   Times or 900%

For CAR at 15%,  S$6.67 / S$1 = 6.67 Times or 667%

From the above banking concept,  the bank profit quantum  sEEms  LiKE  the iNfamOus  "LOAN  SHARK"

BANK  DepOsitor  lOOks  "EXTREMELY  EXPLOiTED"  by the Banking System ? ? ? ?

Especially,  when the Bank Deposit had nO iNsurance UNtil  nOt  sO lOng agO On Only S$20,000 LiMiT.   

 

 

Too much at stake

It is unrealistic to expect no S'pore bank will fail

Letter from David Boey

LIKE many other companies, Singapore banks wish to extend their geographical footprint to tap offshore business opportunities and grow their bottom lines.

But, banks are different from other commercial or industrial enterprises.

Firstly, banks serve important functions in the local economy, intermediating between their depositors and their borrowers.

They lend to the large multinationals and to the SMEs, which are mostly ignored by the global banking giants. In the process, banks help them to grow.

Secondly, a significant part of their funding is derived from their non-bank customers — ordinary people like you and me — who place much of their life savings with the banks. Their deposits are protected, but only up to the coverage level of deposit insurance, which stands at $20,000.

What will happen if one of the banks runs aground?

While the management of the banks will try to be prudent, it is their business to take risks; if they are overly cautious, they will likely achieve little and returns will be meagre. However, human judgement and decision-making are just that — human.

Seemingly well managed banks, even global behemoths, have failed. It is unrealistic to expect that no Singapore bank will ever fail.

Adequate capitalisation is a defence, but too much of it is a drag on return.

However, even with a capital adequacy ratio of, say, 15 per cent, a bank has 6.67 times as much risk-weighted assets as capital, and this is after taking the credit risk of assets that are considered to be not so risky at less than their full face value.

Already, the three Singapore banks are probably too big to fail. Reducing their number will ensure that they will be too big to fail. But only because taxpayers’ money will be used to prevent the financial system from collapsing.

Depositors, too, may suffer, as deposit insurance may prove insufficient.

 

Morning star ...

 

May 7 2010 DMG Target (UOB) S$22.30 Wide NIM and strong investment income are positives =================================================== Earnings above expectations. UOB reported 1Q10 net profit of S$700m. Excluding the S$82m 1Q10 one-time gain from divestment of UOB Life, net profit would have risen 51%. This is above our expectations due to strong contributions from investment income, which led to other operating income rising 83% YoY. We will be reviewing our earnings forecast, recommendation and target price. UOB’s NIM is the widest amongst the three banks. NIM narrowed marginally by 3 bps QoQ to 2.25%. The YoY squeeze is a more severe 16 bps. We saw net interest income declining 5.2% YoY but rising 0.9% QoQ. The QoQ rise was due to higher loan yields and growth in interest bearing assets. UOB’s NIM was sharply wider than DBS’1.93% and OCBC’s 2.03%. Housing loans was strong. Loans expanded 1.4% QoQ. Increased focus was placed on growth in core overseas markets. This was largely driven by the 4.3% QoQ growth in housing loans. Provisions were in line with expectations. Individual impairment was significantly lower with a loan charge-off of 4 bps as loan quality improved – NPL ratio fell to 2.0% from Dec 09’s 2.2%. Collective impairment of S$77m was set aside to position for loan growth ahead. Total impairment charges were 71% lower YoY at S$108m, which is ~23% of our FY10 expectations.

 

UOB chiong $1..shiok shiok..

+ free divy of 40c..

$1.4!

 

Ask OCBC?

boyikao3      ( Date: 07-May-2010 15:18) Posted: Current yield= 2%. How attractive is tat? ozone2002      ( Date: 07-May-2010 14:19) Posted: dividend 40c

 

Current yield= 2%. How attractive is tat?

ozone2002      ( Date: 07-May-2010 14:19) Posted: dividend 40c

 

dividend 40c

 

Soar 71% and price dropped 2over% ? Doesn't quite make sense???

ozone2002      ( Date: 07-May-2010 14:10) Posted: profit soar 71%!!!! above ANALyst expectation..