Singapore Banks to fly!!!

I believe Singapore Banks will fly today!!! DBS, OCBC and UOB could rally hard from here. They make up of about 31% of the STI. With the STI breakout yesterday, the index could be heading towards the 3,150, followed by 3,268 level. So, there banks would likely lead the way. DBS and UOB have a long term target (6-12months) of S$25. OCBC is about S$10.50. For more adventurous investors, one might want to take a look at the call warrants which has lower exercise price.

For Malaysian who want exposure to the Spore Banks, only DBS has a call warrant listed on Bursa. It is quite attractive too as its exercise price is only at S$18.20.