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OOP ! sorry
I'm referring to City Dev.
sengsk ( Date: 17-Aug-2012 09:18) Posted:
Personal view, Once it touch on 20MA
Maybe ~ (11.55-11.58) might good to short.
Dun hold and cover back for some coffee will do. |
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Personal view, Once it touch on 20MA
Maybe ~ (11.55-11.58) might good to short.
Dun hold and cover back for some coffee will do.
| Indonesia's new bank ownership rules leave door open for DBS deal |
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JAKARTA/SINGAPORE - Indonesia's central bank will cap single ownership of domestic banks at 40 per cent under new rules but allow exemptions that could pave the way for DBS Group's US$7.2 billion (S$9.0 billion) bid for PT Bank Danamon to proceed.
The long-awaited regulation announced on Wednesday is aimed at preventing lenders in the fast-growing G20 country falling captive to single interests and ensuring a diverse shareholder base to hold management accountable.
But the rules, which come on the back of ownership restrictions on mining companies, have fuelled concerns Indonesia is becoming tougher on foreign investment.
Bank Indonesia said in a statement that listed banks that are financially strong and have tier-1 capital ratio of more than 6 per cent will be allowed to own more than 40 per cent. It did not specify how much.
Though on expected lines, that is likely to be a relief for Singapore's DBS, which embarked on the biggest ever takeover of an Indonesian company three months ago, and for foreign banks such as Standard Chartered that own substantial stakes in the nation's lenders.
" The ability to approve higher thresholds looks like it may have the DBS merger in mind," said Joel Hogarth, a partner at O'Melveny and Myers law firm in Jakarta.
Shares in DBS, Southeast Asia's largest lender which has a tier-1 capital ratio of 12.7 per cent, rose 1.1 per cent in Thursday trade, while Danamon rose 1.6 per cent.
The muted reaction showed investors have mostly priced in the deal.
After a slew of bankruptcies in the 1998 financial crisis, Indonesian banks have vastly improved their financial health and become a magnet for foreign investment, leading some analysts to speculate the central bank's initial plans for a cap without exemptions were targeted at limiting foreign ownership.
Eight of Indonesia's top 11 banks by market value now are either controlled by foreign banks, business families, private equity firms or wealth funds in one of the region's most open banking sectors.
Foreign entities are currently allowed to hold up to 99 per cent of local banks, versus 30 per cent in neighbour Malaysia.
" I think the foreign investor community, both the foreign banks that are currently there and foreign banks looking to enter the market, will be breathing a sigh of relief and this should avoid the serious negative consequences to the reputation of Indonesia," said Jake Robson, a partner at Norton Rose in Singapore.
BALANCING ACT
Bank Indonesia, the country's banking regulator, said financial institutions can hold up to 40 per cent of local banks, while non-financial institutions can hold up to 30 per cent and individuals only 20 per cent.
The limits do not apply to state-owned banks such as top lender Bank Mandiri. |
lowchia ( Date: 02-Jul-2012 22:22) Posted:
On Monday, DBS re-test the resistance at $14 and closed at $13.99 with HIGH volume of 4.082 million shares traded.
A hanging man occurred (a hanging man has a very
long lower shadow and a small real body). This pattern can be bullish
or bearish, depending on the trend. If it occurs during an uptrend, it
is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of DBS: $14
Immediate Support of DBS: $13.79
Currently prices are supported by 50 days MA at $13.79.
Today prices have re-test the ............... READ MORE
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Hanging the flag high up:)
lowchia ( Date: 02-Jul-2012 22:22) Posted:
On Monday, DBS re-test the resistance at $14 and closed at $13.99 with HIGH volume of 4.082 million shares traded.
A hanging man occurred (a hanging man has a very
long lower shadow and a small real body). This pattern can be bullish
or bearish, depending on the trend. If it occurs during an uptrend, it
is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of DBS: $14
Immediate Support of DBS: $13.79
Currently prices are supported by 50 days MA at $13.79.
Today prices have re-test the ............... READ MORE
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On Monday, DBS re-test the resistance at $14 and closed at $13.99 with HIGH volume of 4.082 million shares traded.
A
hanging man occurred (a
hanging man has a very
long lower shadow and a small real body). This pattern can be bullish
or bearish, depending on the trend. If it occurs during an uptrend, it
is called a
hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a
bullish hammer.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of DBS: $14
Immediate Support of DBS: $13.79
Currently prices are supported by 50 days MA at $13.79.
Today prices have re-test the ...............
READ MORE.
On Monday, DBS re-test the resistance at $14 and closed at $13.96 with HIGH volume of 8.86 million shares traded.
During the past 10 bars, there have been 5 white candles and 5 black
candles. During the past 50 bars, there have been 19 white candles and
27 black candles for a net of 8 black candles.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of DBS: $14
Immediate Support of DBS: $13.19
Currently prices are supported by 100/200 days MA at $13.19.
On 11/Apr, prices re-test the ...........
READ MORE
Sold all at 13.98. It has been a gd ride.
Noble and kep corp werent gd bet... will buy more at more attractive level ...
Frasers comm is a gem hmm ... still rising after giving out over 3 cts divd.
cant clear $14 marker...
Ahh above 50 cents reward myself sold some 13.70. SGX too 6.83.
Entry: wilmar 4.83. Frasers comm 0.875 and kep corp 11.47 divd play.
Noble 1.265 ... and 1.26 still q ... this one follow herds anyhow buy one hehehe ...
chris168 ( Date: 14-Apr-2012 23:45) Posted:
Hmmm i haven't thought about it. I suppose anytime above 50 cents profit calls for sell.
And buy back and sell ... hv a bit of fun.
Go with the flow in this volatile mkt. We all know it wld hv been ugly if not for ECB, or FED
sending out printing press everytime they face headwind.
Dividend, meanwhile acts as cushion when things turn bad.
seanpent ( Date: 13-Apr-2012 10:24) Posted:
dividend decent and nice ...
is your target also like hongche's 14.10 and 14.40 ?
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I think Div not very good
