Thursday, 2 May 2013

DBS powers STI to 3400! But did most stocks gain?

Dear Friends,

It seems today is a marvelous day for STI! Going up 31 points when Dow drop 100 yesterday. Thank you DBS for the 70 cents move. Today DBS issued an overwhelming earnings results.

As quoted in,
DBS Group Holdings' net profit for first-quarter 2013 reached a record SGD 950 million, rising 25% from the previous quarter and 2% from a year ago. Total income rose 18% from the previous quarter to a new quarterly high of SGD 2.32 billion from loan and deposit volume growth as well as a broad-based increase in non-interest income. Return on equity rose to 12.0% compared to 11.2% for full-year 2012...

However it seems that not all stocks are gaining when looking at the Top 40 volume.

Do remember that Earnings season is the point in time where we take a look at our portfolio again. Put all the good earnings stocks down in your trading diary. These will be the stocks that are going to outrun and outclass the poor earnings stocks this season.

Do remember that banking stocks have done relatively well in last quarter results. That is the reason they continue its run these past 2 months. OCBC results have not been fantastic. Let us take a look at UOB next.



·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...