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Morning was negative, now positive. The tide changed so fast....
DBS and OCBC are better buys, so should avoid UOB, the charts below make it very obvious what to choose and don't expect UOB to play catch up, it's just like Citigroup cannot catch up with Bank of America.
OCBC outperforms the STI by 10%.
DBS slightly underperforms the STI by 10%
UOB underperforms the STI by 25%!!!!
For every 1000 pt, the STI gain, maybe UOB will add a dollar or two or manage a 10% to 20% gain.
With limited capital for most singaporean, it is really foolish to buy a stock that rise a tiny bit in a big bull run.
I'm not trying to be a wet blanket, but UOB is the worst stock you can find in the STI Index.
In the long term, UOB will only rise 50% against the STI, while many stocks (like Citidev, Capitaland, DBS or even OCBC) will rise 200% or more against the STI.
Why hold the slowest moving stock in the Singapore Universe, unless u want to wait for retirement at 62.
Even then, why torture yourself with a 50% gain on UOB, when all other stocks rise 500%.
UOB is very strong stock. Its P/E ratio 11.6 is the 2nd lowest amongst the 3 local banks. It is the bell weather of Singapore. When the Singapore economy turns for the better, as stong banking stock, it will go up strongly. The price of UOB currently is still low compared to its previous peak. From previous 20 years' statistics and based on probability and chances, the STI will always to back to its previous peak and beyond. So, in next 6 mths to 1 year's time, when the USA and Singapore economies recover, chances are Dow and STI will scale their previous peak. Having said that, if we are true investors, not traders, just need to buy good strong blue chip like UOB. Have some patience in next 6 mths to 1 year and UOB will likely hit its previous peak over S$ 23 I think, when STI hits over 3900 pts. Imagine we are now only seeing some bottoming up and stocks already cheong. Imagine USA starts to grow in 3rd quarter and DOW shoots beyond 10,000 pts, there is likely STI go beyond 3000 and eventually beyond 4000. Have some patience. Be true investor and realise the gains along the way. It is the start of Bull run....
Anyone knows why a sudden surge the last hour?
Blastoff ( Date: 03-Jun-2009 12:05) Posted:
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Finally, it starts to move.....
Looks like UOB is really waiting for DBS to catch up....
goondoo ( Date: 30-May-2009 04:31) Posted:
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Most stocks up yet this stock currently down. Anyone knows why?
Unbelievable,
1 Oct 2008, STI 2300, UOB $16.00
5 May 2009, STI 2250, UOB $15.00
1 Jun 2009, STI 2388, UOB $14.50
It seems the higher STI go up, the lower UOB fall.
My words are coming true, DBS share price overtaking UOB.
In a few wk time, DBS will overtake UOB in share price. So why buy UOB and watch DBS overtake?
Probably in a few yr time, even OCBC will overtake UOB in share price.
Might as well buy OCBC and watch it double and match UOB, while UOB stays the same.
dificult, he oways tok UOB up instead..
fruitty ( Date: 20-May-2009 22:49) Posted:
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Hope you succeed in talking UOB down so that I could buy more
goondoo ( Date: 20-May-2009 22:14) Posted:
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UOB is a junk bank, worst performing bank in Sg.
From highest mkt cap in Dec 2008 to lowest mkt cap consistently in the past 2 mths.
So junk that it is dirt cheap, but DBS and OCBC don't think it is a good bargain and dun even want to make a cheap offer to take over.
UOB crash may pull mkt down, maybe should take down UOB from STI?
Anyone know why the lag today?
Agree.. OCBC cheong until quite hiong. DBS also up from 11.18.
Still behind as compared to the other banks.....
Reversing already loh...