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OCBC Bank
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OCBC
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SgYuan
Supreme |
15-Mar-2019 11:05
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week chart support @1093 is very strong
15m chart w0 1094 w1 1104 w2 1098 w3? w1 10 w2 6 w3 16 tgt 1114 - px hit 1113 w4 6 tgt 1108 w5 10 tgt 1118
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trademaster
Supreme |
15-Mar-2019 11:03
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Cross 1110, next target 1124-1128
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valve88
Veteran |
15-Mar-2019 11:00
Yells: "Don't throw money at every stock that you see, dyodd first" |
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yes bro Pasttime, what electronic parts are still being manufactured in Spore? i thought initiative now is going bio-tech?
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valve88
Veteran |
15-Mar-2019 10:12
Yells: "Don't throw money at every stock that you see, dyodd first" |
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x 0 Alert Admin |
ocbc on the move up
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SgYuan
Supreme |
15-Mar-2019 08:37
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start point w0 is wrong
week chart w0 1036 w1 1186 w2? w1 150 w2 93 tgt 1093 dn 61.8% - px hit 1094 - once supported w3 come w3 ext ew 242 tgt 1336 up 161.8% - this is week chart - mean hold long term is good. - with this can switch to day or hr chart ew Day dntrend 4h dntrend px moving to mid @1108 1h dntrend bollinger 1095 1102 1109 - px trending here at mid @1102 - ew w0 1094 w1?1106 w2?
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powermikeln
Veteran |
15-Mar-2019 02:10
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Nomura upgrades OCBC to Buy, sticks with Overweight call on Singapore banksTHURSDAY, 14 MARCH 2019 23:40:08Nomura upgraded OCBC to Buy from Neutral after the share&rsquo s recent correction, as the investment bank stuck with an Overweight call on Singapore&rsquo s banks, saying their below-peers&rsquo valuations can&rsquo t be justified. &ldquo U.S.-China trade tensions have affected all APAC banks, but markets seem to be overly punishing Singapore banks,&rdquo the investment bank said in a note on Wednesday. In addition, while all three Singapore banks missed their earnings forecasts, that wasn&rsquo t unique to the city-state&rsquo s banks, with consensus forecasts for Asia-Pacific developed market banks also seeing cuts, Nomura said. The Singapore banks&rsquo price-to-book valuations are at a discount to Asia-Pacific developed market banks by an average of 4 percent, excluding DBS, while the discount to Southeast Asian banks&rsquo was at 31 percent, Nomura said. &ldquo We expect the market to recognize this mismatch and correct it,&rdquo it said, calling it an opportunity to accumulate the shares now. &ldquo The market seems to be over-penalizing them post-4Q18&rsquo s earnings disappointment. In our view, the recent sell-off from 4Q18&rsquo s disappointing results and decline in valuations make the risk-reward highly attractive for Singapore banks,&rdquo Nomura said. UOB top pickNomura tipped UOB as its top pick, saying its risk-reward was the most attractive and that the share should not be trading at such cheap valuations. &ldquo We attribute the mispricing to the recent market sell-off on UOB after it missed fourth quarter of 2018 earnings,&rdquo the note said. &ldquo We do not expect this divergence to be sustained, and any catalysts (whether is it earnings or an ease in U.S.-China trade tensions) would send valuation significantly northward.&rdquo But it cut its target price on UOB to S$31.50 form US$33.80, and lowered its 2019-20 profit after tax and minority interests (PATMI) forecasts by 7.7 percent and 8.3 percent respectively, mainly on lower trading income revenue. Upgrades OCBCIt upgraded OCBC to Buy from Neutral, and increased its target price to S$13.00 from S$12.50. &ldquo Our upgrade on OCBC is largely to take advantage of the current mispricing of the bank, while valuations seem to be bottoming. We expect this bearish sentiment to ease in the first quarter of 2019, where the Street might upgrade OCBC&rsquo s forward earnings, as revenues are unlikely to be pressured by trading and insurance income,&rdquo it said. &ldquo We would use any falls from here as an opportunity to accumulate further,&rdquo Nomura said. Trims DBS target priceNomura rates DBS at Buy, but trimmed its target price to S$29.50 from S$31.50. It said it expected DBS&rsquo 2019 earnings would be less volatile than in 2018 as trading income as a percentage of total revenue was already at a low of 10 percent, with ANZ integration costs no longer an issue. But it trimmed its PATMI forecasts for 2019-20 by 11.4 percent to 16.1 percent to take into account rising political risks and slower global economic growth. Details about the news release: https://shentonwire.net/2019/03/14/nomura-upgrades-ocbc-to-buy-sticks-with-overweight-call-on-singapore-banks/ Good luck guy :) |
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goldmine88
Member |
14-Mar-2019 23:19
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trump just said no rush to complete trade deal, sibei sian
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investshare
Supreme |
14-Mar-2019 19:48
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What are the part that must make in Singapore?
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pasttime
Supreme |
14-Mar-2019 19:23
Yells: "gold silver are real money. not others iou." |
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valve88, greetings i meant if cm move from china to india they still need things like ram. so singapore manufacturer just ship to india instead of china. singapore still continue to sell just ship to different locations. |
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valve88
Veteran |
14-Mar-2019 16:13
Yells: "Don't throw money at every stock that you see, dyodd first" |
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probably move from china to vietnam. singapore labour cost too high liaoz, most manufacturers have moved abroad only left those high-tech ones
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pasttime
Supreme |
14-Mar-2019 15:59
Yells: "gold silver are real money. not others iou." |
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hopefully singapore is ok after the initial disruption. when manufacturer shft to countries outside of china, they will still use the parts that is make in singapore. 5G will create new boost for the demand on electronics. |
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valve88
Veteran |
14-Mar-2019 15:41
Yells: "Don't throw money at every stock that you see, dyodd first" |
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yes when market goes up, banking stocks are first to uptrend. but patience needed to go back to 11.42. still much depends on outcome of trade war
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curious_moo
Master |
14-Mar-2019 15:40
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are there any catalyst for this now? im still hoping to scoop more at lower levels first...
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ss2017.
Supreme |
14-Mar-2019 15:37
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Let say it bounds back to 11.42 and plus 23c dividend , you would make 65c clean profit.
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valve88
Veteran |
14-Mar-2019 15:28
Yells: "Don't throw money at every stock that you see, dyodd first" |
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x 0
x 0 Alert Admin |
time to load up on ocbc
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fwei78
Senior |
14-Mar-2019 11:13
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still dropping | ||||
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curious_moo
Master |
14-Mar-2019 10:31
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the tug of war continues..
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goldmine88
Member |
13-Mar-2019 22:52
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dow and s and p in green now....hope after this dip it rallies | ||||
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famouspinky
Supreme |
13-Mar-2019 09:56
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Oh oh
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Dreamer_1234
Senior |
13-Mar-2019 09:54
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I didn?t sell but bought more at $11.08.... n now below $11!!?
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