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DBS (Development Bank of Singapore)
14-04-2013, 10:38 PM.
Post: #41
RE: DBS (Development Bank of Singapore)
(13-04-2013, 06:15 PM)CityFarmer Wrote: Indonesia is an important market...

Bank Indonesia approves DBS-Danamon deal: Sources

SINGAPORE – Bank Indonesia has approved DBS’ acquisition of Bank Danamon, with an initial stake of 40 per cent, the Dow Jones news agency reported on Friday, citing unidentified sources.

Legal documentation for the acquisition is likely to be completed in May, the sources said.

DBS will likely be allowed to acquire more shares in future, the sources said.

http://www.todayonline.com/business/bank...al-sources

DBS is paying a high premium for Danamon. Not exactly a good deal.

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15-04-2013, 09:49 AM.
Post: #42
RE: DBS (Development Bank of Singapore)
So... What's new? Big Grin
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15-04-2013, 02:56 PM.
Post: #43
RE: DBS (Development Bank of Singapore)
In the short term, this is not shareholder value accreditive due to the permium paid for Danamon.

It's share price may face downward pressure over the next few months.

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15-04-2013, 03:08 PM.
Post: #44
RE: DBS (Development Bank of Singapore)
Well..Tongue

Indonesia central bank says no decision on DBS bid for Danamon

Bank Indonesia hasn’t decided on the proposed acquisition of PT Bank Danamon Indonesia by DBS Group Holdings, the central bank said today, denying a report the deal had been approved.

The Wall Street Journal reported on April 13 that Southeast Asia’s largest lender got approval to buy as much as 40% of Danamon and will be allowed to build a majority stake later if it meets corporate governance and financial health standards. No decision has been made, Bank Indonesia spokesman Difi Johansyah said in a text message today.

http://www.theedgesingapore.com/the-dail...namon.html

(13-04-2013, 06:15 PM)CityFarmer Wrote: Indonesia is an important market...

Bank Indonesia approves DBS-Danamon deal: Sources

SINGAPORE – Bank Indonesia has approved DBS’ acquisition of Bank Danamon, with an initial stake of 40 per cent, the Dow Jones news agency reported on Friday, citing unidentified sources.

Legal documentation for the acquisition is likely to be completed in May, the sources said.

DBS will likely be allowed to acquire more shares in future, the sources said.

http://www.todayonline.com/business/bank...al-sources
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15-04-2013, 03:20 PM.
Post: #45
RE: DBS (Development Bank of Singapore)
Either the http://www.theedgesingapore.com/the-dail...namon.html or http://www.todayonline.com/business/bank...al-sources was an old news or rumour.

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15-04-2013, 04:07 PM.
Post: #46
RE: DBS (Development Bank of Singapore)
False alarm. Probably more of Indo end playing punk with different sources trying to exert their authority. Don't expect them to let DBS come in so easily.

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17-04-2013, 10:40 AM.
Post: #47
RE: DBS (Development Bank of Singapore)
Technical charts show price weakness for DBS. Likely to face selling pressure unless unexpected positive news announced.

(Vested)

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17-04-2013, 10:43 AM.
Post: #48
RE: DBS (Development Bank of Singapore)
(17-04-2013, 10:40 AM)a74henry Wrote: Technical charts show price weakness for DBS. Likely to face selling pressure unless unexpected positive news announced.

(Vested)

Technical charts? What's that? Tongue
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17-04-2013, 10:49 AM.
Post: #49
RE: DBS (Development Bank of Singapore)
(17-04-2013, 10:43 AM)Musicwhiz Wrote:
(17-04-2013, 10:40 AM)a74henry Wrote: Technical charts show price weakness for DBS. Likely to face selling pressure unless unexpected positive news announced.

(Vested)

Technical charts? What's that? Tongue

I think it is some kind of graphs Big GrinBig Grin

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17-04-2013, 10:54 AM.
Post: #50
RE: DBS (Development Bank of Singapore)
(17-04-2013, 10:49 AM)Ben Wrote: I think it is some kind of graphs Big GrinBig Grin

Ah, I see. Thanks. The science of squiggles. Big Grin
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