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East West Bancorp, Inc. Message Board

  • ssam ssam Aug 8, 2007 8:31 PM Flag

    knocked off for a wrong reason

    EWBC's stock were knocked off for a wrong reason: PPL think they are a morgage lender so they will expose to the current sub-prime lending problem. In fact, EWBC is actually making majority of their money from across board trading transaction as well as the working capital loans to many medium Chinese run business. Their morgage portfolio is actually stronger then other banks since Chinese likes to save money then others so the rate of default is much lower. IMHO, the stock is over sold and I bought 500 shares at 35.6, my target is 40.6 which I think will not far distance from now ( I will give it 2~3 month the most).

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