DBS    Last:44.28    +0.57

DBS

DBS Bank Ltd, The Sumitomo Trust & Banking Co. and Nikko Asset Management Co., Ltd signed an agreement to combine DBS Asset Management and Nikko AM. The combined firm will manage over USD150 billion and will be one of the largest asset management companies in the Asian region. Under the terms of the agreement, Nikko AM will acquire DBSAM, for SGD137 million (USD104 million), and DBS will acquire a 7.25％ interest in Nikko AM, thus allowing DBS to participate in the future growth of the combined business.

/sgx masnet

/i come i read i post/

 

 

Sale of DBS Asset Management unlikely to spur DBS stock.


 

 

Sumitomo Trust unit buys DBS asset to tap Asia’s rich: Update

WRITTEN BY BLOOMBERG

MONDAY, 06 DECEMBER 2010 16:43

Sumitomo Trust & Banking Co.’s Nikko Asset Management Co. unit agreed to buy DBS Asset Management from DBS Group Holdings for $137 million to tap business from the expanding ranks of wealthy Asians. Under the accord, DBS will also take a 7.25% stake in Nikko Asset and the combined firm’s managed assets will total more than $150 billion, the companies said in a joint statement filed to the Singapore stock exchange today.     /theedgesingapore///////

 

Nikko Asset to buy DBS Asset Management for $137m

WRITTEN BY THOMSON REUTERS

MONDAY, 06 DECEMBER 2010 12:56

DBS Group <DBSM.SI>, Southeast Asia’s largest bank, said on Monday it will sell its asset management arm to Japan’s Nikko Asset Management for $137 million. DBS will then acquire a 7.25% stake in Nikko Asset and distribute Nikko funds through its branches throughout the region.   The Nikko deal does not include DBS Asset’s 33% stake in Chinese joint venture Changsheng Fund Management, which will be held directly by DBS.    /theedgesingapore/////

 

Daiwa upgrades DBS to Buy; target $17.30

WRITTEN BY DOW JONES & CO, INC

THURSDAY, 02 DECEMBER 2010 10:20

Daiwa upgrades DBS (D05.SG) to Buy from Outperform, lifts target price to $17.30 from $16.50. Expects EPS growth to outpace that of Singapore rivals as bank has most scope to lower loan-loss provisions further in 2011, deliver robust topline growth in 2012.    /theedgesingapore/ /icameireadipostedFYIonly/ /tradewithcare/

 

better stop buying now and wait !

alexchia01      ( Date: 03-Nov-2010 13:10) Posted: Today is a Good Day to Buy DBS. Business: Investment Holdings, Banking and Financing; Financial Services, Fund Management, Stockbroking, Venture Capital Operation; In Asia. Now trading at $14.12 Stop-Loss Below: $13.77 Target Price: $15.20 Good luck. alexchia01      ( Date: 27-Sep-2010 11:55) Posted: Today is a Good Day to Buy DBS. Now Trading at $14.22. 1. Breaks through its Triangle Price Channel to the Upside. A Bullish Signal. 2. Support Level at $14.10 and Resistance Level at $14.70. 3. MACD and Stochastic both shows that Price is moving upward with lots of upside potential. 4. All Banks Shares made a reversal to the upside last Friday. Banks are set to move higher from this week onwards. DBS is my choice for today, but you can also Buy UOB and OCBC Bk. This is my personal analysis. You invest at your own risk. Good luck to all.

 

I think is a good opportunity to consider to get some at the current price?

 

 DBS Bank 

 

said its $500 million 4.7 per cent preference share offering was more than 3.5 times subscribed. As at the close of the offer at noon today, the bank had received total applications amounting to more than $1.8 billion. Of this, retail subscriptions via ATMs and internet banking alone amounted to more than $1.4 billion, while the placement and reserve tranches meant for institutional investors and employees of DBS saw total demand of more than $400 million. To accommodate the strong retail demand, the bank exercised its upsize option in full, to increase the total size of the preference share offer from $500 million to $800 million. DBS has allocated the bulk of this, or $550 million, to meet retail demand. The remaining $250 million has been allocated to the placement and reserve tranches.

/Source PS

 

 

 

 

I think is good time to look at this counter. Good chance to make some extra cash..

 

I may be biaised as UOB is my preferred bank for all my banking needs, but wouldn't UOB be a better buy since it has been lagging behind recently?  Its 9M results is fairly good compared to OCBC.

 

IN today DBS.

 

 

Today is a Good Day to Buy DBS.

Business: Investment Holdings, Banking and Financing; Financial Services, Fund Management, Stockbroking, Venture Capital Operation; In Asia.

Now trading at $14.12

Stop-Loss Below: $13.77

Target Price: $15.20

Good luck.

alexchia01      ( Date: 27-Sep-2010 11:55) Posted: Today is a Good Day to Buy DBS. Now Trading at $14.22. 1. Breaks through its Triangle Price Channel to the Upside. A Bullish Signal. 2. Support Level at $14.10 and Resistance Level at $14.70. 3. MACD and Stochastic both shows that Price is moving upward with lots of upside potential. 4. All Banks Shares made a reversal to the upside last Friday. Banks are set to move higher from this week onwards. DBS is my choice for today, but you can also Buy UOB and OCBC Bk. This is my personal analysis. You invest at your own risk. Good luck to all.

 

Any  BANK  withOUT  nOrmalised  Interest  Rate  wIll  nOt  recOver.

When  Interest Rate is  NEAR-ZERO,  ecOnOmy  is  sIck  and eXtremely  FRAGILE,  bank  is  at  hIghest  rIsk  Of  DEFAULT.

STAY  CLEAR  OF  NEAR-ZERO  INTEREST  RATE  BANKS

 

 

what happen to this counter , suck me a lot $$ fr 14.8 to 13.9, sell or buy.... any comment???

 

interesting....the big ship moves with high volume....good luck :)

 

On Monday, DBS re-tests the resistance at $14.26 and closed at $14.22 with HIGH volume of 5.24 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

Both RSI & MACD are bullish as RSI continue to trend upwards.

Important Resistance of DBS: $14.26

Immediate Support of DBS: $13.82

Currently prices are well above 20/50/100/200 days MA.

Just in case some investors did not notice, DBS breakout of its symmetrical triangle and gap up to re-test the resistance at $14.26 with high volume today.

Similar to Hyflux, the attempt to breakout has failed as well and thus forming a candle stick with LONG upper shadow.

SEE ANALYSIS FOR HYFLUX


This is another stock that investors can look out tomorrow and see if the breakout can be achieved.

 

Kep Corp does have some huge Buy In today, but Stochastic shows that upside is limited.

Just my personal opinion. Don't take it too seriously.

temp123      ( Date: 27-Sep-2010 14:19) Posted: Breakout but volume not very convincing leh, Keppel better.

 

Breakout but volume not very convincing leh, Keppel better.