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OCBC
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enghou
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03-Dec-2010 16:46
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Credit Suisse view on Singapore Banks Outlook for 2011 - Challenging (means not so bullish on Singapore banks) Credit Suisse top pick for Singapore bank is OCBC. ● We highlight three themes for 2011: 1) Growth moderation – EPS growth in 2011 for Singapore banks could slow to 1-7% from 20- 30% in 2010E; 2) Singapore may be the only banking market in Asia where net interest margins remain under pressure; 3) We could see more clarity on Basel 3, but Singapore banks remain comfortable (equity tier 1 of 11.2-13.0%). ● All earnings drivers could weaken in 2011, except fee income: 1) weaker economic growth could mean loan growth moderation, 2) margins should remain under pressure, 3) fee income could be helped by capital market conditions, and 4) DBS should see the biggest turnaround from falling credit costs. ● Singapore bank valuations are attractive but not compelling and banks lack catalysts. We are MARKET WEIGHT Singapore banks in both the Singapore market and Asian financials context. OCBC is our top pick for 2011 – has niche wealth management strategy and is the most aggressive on growth. In DBS, we like its new CEO’s strategy (but will take 12-18 months for results) and DBS will gain the most when the SIBOR starts rising in 2012. Make love more, don't make more enemies |
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BullishTempo
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02-Dec-2010 11:46
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masterlim
Senior |
02-Dec-2010 11:43
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lousy stock | ||||
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epliew
Supreme |
02-Dec-2010 11:03
Yells: "no worries be happy !" |
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make short it will make money !
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krisluke
Supreme |
02-Dec-2010 10:59
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GIC, OCBC join group buying Morgan Stanley CICC stake
Singapore’s GIC and OCBC’s (OCBC.SI) insurance arm have joined a group led by U.S. private equity firms KKR (KKR.UL) and TPG Capital (TPG.UL) in buying Morgan Stanley’s (MS.N) 34.3% stake in top Chinese investment bank CICC.
Late on Wednesday, Reuters Breakingviews reported that Government of Singapore Investment Corp (GIC) (GIC.UL), Singapore’s sovereign wealth fund, had joined the bid by Kohlberg Kravis Roberts & Co (KKR) and TPG for Morgan Stanley’s stake. Separately, a source familiar with the matter told Reuters that Great Eastern Holdings (GELA.SI), the insurance company controlled by Oversea-Chinese Banking Corp (OCBC), had also joined the group. The long-awaited deal was expected to be announced before the end of the year, the source said, adding that most regulatory approvals had been obtained and only some minor ones were pending. Morgan Stanley is expected to get more than US$1 billion ($1.3 billion) for the stake, which it received for just US$37 million when the venture was founded more than a decade ago. It was not clear how the stake will be divided between the four partners.
The source declined to be identified as the deal was not public yet. Morgan Stanley was not available for an immediate comment. GIC and Great Eastern were also not available for comment.
Morgan Stanley has been trying to sell its stake in China International Capital Corp (CICC) for several years, and indicated as early as 2007 its intent to form a new investment banking joint venture with China Fortune Securities.
However, since China’s securities rules forbid foreign companies from having more than one joint venture at a time in the country, it had to put those plans on hold pending the sale of its CICC stake.
Source: The Edge Singapore
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epliew
Supreme |
30-Nov-2010 18:29
Yells: "no worries be happy !" |
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brother, can u show the chart for ocbc.... thinking to short it tomorrow..... what say you ?
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ozone2002
Supreme |
30-Nov-2010 16:20
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OCBC only green color today..what gives? | ||||
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bsiong
Supreme |
25-Nov-2010 09:55
Yells: "The Greatest Wealth is Health" |
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Technical Analysis on OCBC by DB Warrants
OCBC Bank stock resolved the recent consolidation to the downside on Tuesday. This breakdown indicated resumption of the correction. With yesterday’s low at 9.42 the stock has retraced 62% of the prior leg up that started late October. It bounced back and shaped an indecisive candle in the daily chart just below the broken 20-day moving average. A decisive break above yesterday’s high at 9.62 could clear the path for resumption of the intact intermediate-term uptrend towards the peak at 10.30. Minor barriers on the way up are seen at 9.74/9.75 and then 9.98. Sustained violation of yesterday’s low at 9.42 on the other hand would likely extend the short-term downtrend towards 9.24-9.35. Only a drop below 8.84-8.93 would endanger the overall bullish picture. |
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enghou
Senior |
16-Nov-2010 21:25
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Source: CIMB Make Love More, Don't Make More Enemies |
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epliew
Supreme |
15-Nov-2010 14:17
Yells: "no worries be happy !" |
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happy to see your name here uncle AK Francis !
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epliew
Supreme |
15-Nov-2010 14:14
Yells: "no worries be happy !" |
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but if you read the charts..... 25 oct about 8.8 -9.0 range.... but if you jump in at 10.00 dollars... i think it is abit on the high side..... again, if you are really long term.......you can hold.
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butter
Member |
12-Nov-2010 22:32
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y is it a lousy stock? its market value is already higher then DBS..
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masterlim
Senior |
12-Nov-2010 22:32
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lousy stock |
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Raindrops
Member |
12-Nov-2010 22:21
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Ocbc have been doing well and has overtaken DBS liao!~ | ||||
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dinola
Member |
11-Nov-2010 16:52
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OCBC a bought over target? |
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masterlim
Senior |
11-Nov-2010 13:30
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lousy stock | ||||
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Cookie
Member |
11-Nov-2010 13:24
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up somemore... whada.... |
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winmoreM
Member |
08-Nov-2010 15:09
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is it true
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limkt009
Veteran |
08-Nov-2010 15:06
Yells: "Watch your front, grab $$$$$ at your own time" |
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Merger? | ||||
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winmoreM
Member |
08-Nov-2010 15:00
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Anybody knows why OCBC is up so much and other 2 not running | ||||
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