Overseas Chinese Banking Corporation (OCBC Bank)

[mulyc]

If u are looking to invest in local banks, still got 2 weeks till their full year results on feb 14. Maybe ocbc would shed more light on their acquisition? One big potential bonus that might take place is the dropping of wing hang, since investors are sooo uncomfortable with this deal. Management really have to convince us on what shareholder value they can bring in.

Great Eastern will report first this week...i think we might see a capital reduction from them to pay out to OCBC for their WHB acquisition

I think dropping out of the wing hang deal at this stage is very slim as it will be very damaging to its reputation especially after all that has been reported in the news.

The best you can wish for is a DBS-Danamon styled wrench from the HK regulators, so that OCBC has a good reason to bow out which is also quite unlikely at this stage.