I have just produced a YouTube video based on this blog a few moments ago. So, if you prefer listening to reading, that option is available now.

Recently, I read a report in The EDGE. I read that the analysts at RHB Research slashed their target price for a Singapore bank by almost 8%. Which Singapore bank? Like to make a guess with this hint? Target price slashed from $34.90 a share to $32.30 a share. If you guessed UOB, you are right. Some readers might remember that in a video I produced on DBS, I said that we should not be too concerned by target prices set by analysts. Crystal ball gazing might be an interesting distraction but that is what it is. A distraction. What is more interesting to me is the reason behind the lowering of the target price....