
OCBC is NOT expanding....
OCBC Khatib Branch will be CLOSED by end December 2009....
Go to Khatib MRT station to check it out....
Still a Buy @ for this baby if price < 8.5 :)
BOSAYOR
JP Morgan - this baby TP: $11.00 <---- Big dreams
Short term might test $8.65 - $ 8.80 Range - Price target from Zhuge liang's investment fund.
He expected to be around $8.50 - $8.60 will be the support point.
Will stable around this $8.50 - 8.60 range :) Good luck to those to vested.
risktaker ( Date: 12-Nov-2009 11:24) Posted:
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abc2xyz ( Date: 13-Nov-2009 10:24) Posted:
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I doubt OCBC can over-take either DBS or UOB.
By the way, what happened to the government's plan on Singapore having a maximum of two domestic banks?
ekekeg ( Date: 12-Nov-2009 15:00) Posted:
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erictkw ( Date: 13-Nov-2009 14:12) Posted:
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0342 GMT [Dow Jones] STOCK CALL: OCBC Investment Research upgrades Genting Singapore (G13.SG) to Buy from Hold, raises target price to S$1.31 from S$1.01; "while we are leaving our FY09 estimate largely unchanged, we have narrowed our FY10 loss estimate significantly by 44.1% as there is less of an overhang from its UK operations and longer contribution period from Resorts World At Sentosa." Notes gaming group plans to soft-launch casino-resort in January. Adds 3Q09 results show tough restructuring measures taken by Genting working as UK operations have turned around; "while it is still too early to say if the UK economy is out of the woods, it may be safe to say that its UK operations would be less of a drag on the group." 3Q09 revenue +17.1% on-quarter at S$140.7 million due to improvement in UK casino business, although bottomline at S$93.3 million loss due to fair value loss on derivative financial instruments, higher expenses incurred for Resorts World. Stock off 0.9% at S$1.11. (FKH)
risktaker ( Date: 13-Nov-2009 10:20) Posted:
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abc2xyz ( Date: 13-Nov-2009 10:19) Posted:
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Don't buy, please sell instead. Why? When market was good and when news was good, and when sentiment was good, this bugger refused to move up like the two other banks.
This means this chap shunned by most investors esp the bigger boys. And when will it be expected to move up? In bad times? No no no. A big SELL!!! Run!

abc2xyz ( Date: 12-Nov-2009 16:41) Posted:
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ekekeg ( Date: 12-Nov-2009 15:00) Posted:
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