shouldnt most of the macro developments be priced in by now? eventually the interest rate hike is going to take place, it is only a matter of when and when that happens, you would want to be holding onto banks with the strongest fundamentals. DBS looks like a good pick at least among the other local banks.
near term volatility is unavoided but such is the beauty of the stock market. it depends if investors are able to see through the ' noise' - DBS has been actively doing share buy-back at prices higher than current levels. for blue chips, if looking to trade, make sure you implement a stop-loss but if looking to invest, current entry price surely looks attractive.
May go down to below 17 soon....no sight of any recovery given the global market
17.25 is a short term support and Dbs will probably rally once the Fed rate hike happens as this will be positive for them as it allow a bigger margin of profit for their loans.. You can buy around this price if you have holding power.. dyodd
So should I buy the shares at 17.30?
The U.S. Federal Reserve determined to keep the interest rate unchanged. Federal Reserve Chair Janet Yellen said that it is possible for the committee to raise the rate during every meeting and October is not an exception.
One of the major reasons for the Fed to hold rate steady is due to the development abroad. Yellen explained that the market heightened concerns about growth in China and other emerging market economies which led to notable volatility in financial markets.
AAStocks Financial News
Now that FED has not moved, USD vs SGD will reverse a bit n result in easing of SIBOR. Likely bank shares wld be pressured. share px of DBS, a net lender in the interbank mkt, wld probably be affected more.
Tonight Fed Open Mkt Committee will release its policy statement along with qtrly economic projections at 2PM Washington time.Fed Reserve Chair Janet Yellen will hold a press conference at 2.30pm.
US Markets which is holding rather flat now plus 20 points will trade according to the statement.
My take is plus 125 points Fed rate hike.. this will calm the markets as it will show that US is growing strongly and then a relief rally will follow..
Tonight Fed Open Mkt Committee will release its policy statement along with qtrly economic projections at 2PM Washington time.
Fed Reserve Chair Janet Yellen will hold a press conference at 2.30pm.
US Markets which is holding rather flat now plus 20 points will trade according to the statement.
My take is plus 125 points Fed rate hike.. this will calm the markets as it will show that US is growing strongly and then a relief rally will follow..
Opened weak at 17.44 and hit a low of 17.41.. now bargain hunting and back up to Bid 17.48.
Fed rate hike is seen to be positive.. at least for the first 100 basis points.
Get ready to long or short soon.....
9 long years ... that was when interest rates was last raised.. iPhones wasn' t around yet at that time..
FRC Yellen said that US economy is in good shape and the time is right to raise Fed rate...
Thurs this week we will know!
Overpriced they know more bad debts, bankruptcies will be file esp come next yr. Though i agree sg banks are considered safe havens but when financial tsunami hit, they will not be spare either, records and history had shown
Once Fed Decision is made, short or long BIG....it will run a few sessions
Ease further on lack of buying interest direction ..daylow at 17.42 and now Bid 17.43 Ask 17.44.
Dow futures now down 17.5 pts
Should be a ding dong day with narrow trading band now 17.52 to day high of 17.64 as all still waiting for Feb rate hike confirmation..
Should be a ding dong day with narrow trading band now 17.52 to day high of 17.64 as all still waiting for Feb rate hike confirmation..
BANKING ON A CRISIS SOR SOARING
