Banks stand out as the best buys today in Singapore after Oversea-Chinese Banking Corp declined 1.2 per cent to S$9.39, DBS fell 4.1 per cent to S$14.48, while United Overseas Bank was down 2.8 per cent at S$19.02 in yesterdays trading.

DBS Group Holdings Ltd is an investment holding company that operates through its main subsidiary, DBS Bank Ltd (the Bank).

The Bank is engaged in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services.

The Company’s financial businesses are organized into five sectors: Consumer Banking, Institutional Banking, Global Financial Markets, Central Treasury Unit, and Central Operations.

OCBC are continuing their share buy back and the stock is responding well.

Oversea-Chinese Banking Corporation Limited is a Singapore-based bank. It operates in five segments: Global Consumer Financial Services, which comprises a range of products and services offered to individuals, including deposit products, consumer loans, credit cards and wealth management products; Global Corporate Banking, which provides financial services to business customers; Global Treasury, which engages in foreign exchange activities, money market operations and derivatives trading; Insurance, which includes its fund management activities, and Others, which comprises P.T. Bank OCBC NISP Tbk, PacificMas Berhad, corporate finance, capital markets, property holding, stock brokerage and investment holding.

UOB-Kay Hian Holdings Limited is a Singapore-based company.

The principal activity of the Company is that of investment holding. Its subsidiaries are engaged in stockbroking, futures broking, investment trading, margin financing, investment holding and provision of nominee and research services.

The Company’s business divisions include Corporate advisory/finance, acquisition finance, retail and institutional sales, Internet broking and margin-based finance. It is organized on a geographical basis, namely Singapore, Hong Kong and other countries.

It provides securities and futures broking and other related services. The Company’s subsidiaries include PT UOB Kay Hian Securities, UOB Kay Hian Securities (Philippines), Inc., UOB Kay Hian Securities (Thailand) Public Company Limited, UOB Kay Hian (U.K.) Limited, UOB Kay Hian (U.S.) Inc., UOB Kay Hian Private Limited and UOB Kay Hian Trading Pte Ltd.

In Singapore yesterday the Straits Times Index fell 46.73 points to 3,130.45.

Volume was 1.15 billion shares.

Losers led gainers 364 to 115.

Wilmar International fell 1.5 per cent to S$5.09, Noble Group declined 3.7 per cent to S$2.09, Olam International slipped 2.8 per cent to S$2.81, while Golden Agri Resources was down 1.5 per cent at S$0.665.

SingTel rose 0.6 per cent to S$3.16, while Singapore Airlines dipped 2.20 per cent to S$14.26.

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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Chutinush Taksinapinunt (ANISTA)

Business Development Director

Heffernan Capital Management

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Posted by Shayne Heffernan on May 12th, 2011and filed underEquities, Latest News, Markets, The Hot List.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site