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NRA Capital Pte Ltd

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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