For the past week, global markets including Singapore have suffered continued weakness arising from general expectations for Fed to reduce QE and a stronger Yen. These triggered investors to unwind their positions in equities and even the commodities market was not spared. That said, it does present a good opportunity to consider value entry. Particularly, the ST Financial Index has…
Tag: singapore banks
Singapore Banks – DBS (D05.SI), OCBC (O39.SI), UOB (U11.SI) – Accumulate on further stock price dips | Technical Analysis | Singapore Stock Market
After the Singapore Elections 2011, now it is the time to re-focus on the growth potential of Singapore Economy. As domestic activities increase, banks will be the key group of stocks to benefit, DBS has the greatest PE of 20 while UOB has the lowest PE of 11.4.Net earning growth % is the strongest in UOB. Based on the fundamentals…