Written by: Lynn Look
Friday 29 Nov 2013
Singapore Banks - 2013 Quarterly Review (Part 4)
UOB & OCBC should rebound faster
We maintain our UNDERWEIGHT position on Singapore banks due to valuations reasons. UOB is our only BUY. Although we like OCBC, which is beginning to prove itself as a dark horse, we would accumulate it on price weakness. We remain SELLers of DBS.
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