For the past quarter in 2012, Dow Jones Industrial has seen a steady upward price momentum with key indicators also ticking up. Nevertheless, the volume has not been too comforting, coupled with much in-decisiveness depicted in wide weekly range swings and doji formations. Interestingly, the DJ Financial Index has been a big laggard against the general DJI components. It is…
Tag: Bank Stocks
US Bank stocks badly sold off with increased market uncertainty | Citigroup, BAC | US Stocks
Across the globe, U.S. economic data released in the past week were mostly upbeat – increases in sales of new and existing homes, an unexpected rise in durable-goods orders and a climb in the consumer sentiment index to its highest level since October 2007. Now the focus of weary eyes are on these key macroeconomics developments: a) The risk of…
DBS (D05.SI) shares plummets after intended acquisition of Bank Danamon – accumulate or sell off? | SG Stocks Review
On 2nd April 2012, DBS Group Holdings (D05.SI) made an announcement that it is acquiring a 67.4% stake in Bank Danamon for S$6.2b. DBS is largely held by Singapore’s state-run Temasek Holdings and mentioned that it will pay its parent company 45.2 trillion rupiah($4.9 billion) in new shares for its 67% stake and buy the remaining stock from other shareholders for 21.2…
Part 1 : Cyclical sectors as focus during market bottoming – Bank stocks | Fundamental Analysis
Ever since Dec 2011, Singapore Straits Times Index (STI) has managed to U-turn from the lows of 2600 to the current consolidation at 2900-3000. Cyclical sectors are typically the first ti be deeply corrected but also the few which will rally once the market has consolidated our of its bottom. In the 3 part series, lets take a quick overview…
Singapore Bank Stocks – Underperformed vs STI | Accumulate on further weakness | Technical Analysis
With the recent anxiety over Greece & Italy’s increased risk of not meeting their debt obligations with observed increased yield rates of their long term government bonds, there is renewed weakness in most banking stocks throughout the region. As seen in Singapore, Financial sector is seen to be underperforming against the overall STI as much as 4-8%. This is not…
Citigroup C – More short term downside – Stock Price / Stock Investment – US Stock Market
Price is now at crucial Bollinger support @ $4.66. If it breaks, HSH is possible with downside towards $4.5. Force index still at negative region with RSI not at bottom levels yet. Hold your bullets and regain towards $4.5+. Follow us on: Share this article on:
OCBC – Stock Investment Tips (Buy on Weakness)
OCBC has been running up lately from the last breakout @ $9.20. Now its at a upchannel support @$10.00. Long Term support @ $9.60 with near term target of $10.90. On economic front, SGD should strengthen and propel local investments but the risk of lower loans from the series of property cooling measures could curtail big up surges. Nevertheless, this…
Citigroup – Buy on value
Uptrend intact while support @ $4.50 holds. Near term target of $5.00. RSI on rise with enlarging bollinger band. Follow us on: Share this article on: