Friday, October 14, 2005

Have a Big Bang on the Bank -OCBC BK (O39)


UOB Kay Hian is very bullish on the Financial Industry and recommend a buy on OCBC with TP: $7.90. The reasons cited are: 1. Rising Mortgage rises income 2. Potential divestment of non-core assets. This stock has been rising steadily as depicted above. TA indicators are suggestive of the trait of a potentialwinner. So let us Bang on this Mobil Bank before we miss the wagon! Surely, after property Bank will be the next BooM!

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