I.m not too sure, bro,... I intend to buy all three when the conditions are right. I entered the banks late, earlier I've been focussing on REITs and yield stocks everywhere, but NOT the banks,... guessed I missed this one,...

I averaged down on DBS from $26 all the way down to $21.50,... and the price has just moved-up beyond 21.50 last two days. I wished I have not bought DBS earlier at preCovid times (average price was $26.00),.. then I would start with $19+ now, going in fresh !

I started fresh with UOB and OCBC, my strategy would be to go in everytime the price dips below my holding price.

A this moment,... I'm watching OCBC closely,.... this bank has just been called to defence in a court of law by an oil-trader,...

Dip? Yesterday? SGX data shows it's in green territory...

It rallied 1.5%.

https://www.sgx.com/securities/equities/O39

Huh ? Bros,.. I thought bro AV was talking abt OCBC only and not the whole STI. I think I saw OCBC dipped on Thursday back to near 0% rise compared to Wednesday close.

If you look closely,... OCBC is still lagging the other two today,... it's the court case, but the effect is not severe enough to compress the price down into negative territory.

 

I have another piece of ridiculous news,....      The good Jobs Reprt released earlier had misclassification errors,...   

So,.. mkts may not shoot up tomorrow,.. now I'll be up early,...

https://www.washingtonpost.com/business/202...fication-error/

 

I have another piece of ridiculous news,....      The good Jobs Reprt released earlier had misclassification errors,...   

So,.. mkts may not shoot up tomorrow,.. now I'll be up early,...

https://www.washingtonpost.com/business/202...fication-error/

Thanks for pushing my OCBC shares upward!   

My OCBC holdings now sitting on a 9% gain (10% gain in MYR terms). Even bank shares are on similar profit levels with S-REITs. Either the market is pricing it correctly, or they are all in overbought territory.

Hong Kong has lost out on rich people’s fresh funds to Singapore so far this year, existing deposits stay put, UBS says
Most of regions’ ultra-wealthy have asked private bankers at UBS to place new money in Singapore rather than Hong Kong, lender’s president says
https://www.scmp.com/business/banking-finan...funds-singapore

No, I bought when it was the most expensive during the recession in the last 3 months, around 9 dollars. (8.94 SGD, 1 lot + 3.75 SGD fee, so break even price around 8.98 SGD)

Was still thinking to average down as I anticipated gloomy session ahead, and now this rally upset everything. Have to wait for another 10 years...

SATS surge 5%, another crazy counter. It seems like market are pricing in far ahead of what I thought.

Parkway LIFE and KDC REITs are the only 2 "normal" counters now, and that still means 8% and 6% gain for me.

Banks certainly have upside, cyclical stocks are like that.

Malaysia to double deficit to fund stimulus, says finance minister

Malaysia's fiscal deficit will nearly double to around 6% of the annual economic output this year because of the government's recent efforts to revive the economy, the finance minister told Reuters, adding it could seek to raise the debt ceiling to finance the stimulus.

Southeast Asia's third-biggest economy has announced incentives worth RM295 billion to soften the impact of the coronavirus pandemic, with the government vowing to directly inject RM45 billion of that into the economy, mostly raised through domestic borrowings.
https://www.malaysiakini.com/news/529092

"How bad was it during the [global financial crisis]? It was 6.7%. So we have room if we want to borrow," he said, referring to the country's peak annual deficit in 2009.

The region's largest economy, Indonesia, said last month that it expected its budget deficit to swell to 6.27% due to virus-related stimulus.
Tengku Zafrul said Malaysia's outstanding public debt now stands at 52% of gross domestic product (GDP) but that "if we need to, then we should increase the ceiling" beyond the current 55% "to help the people and the economy".
https://www.theedgemarkets.com/article/mala...inance-minister

And Citi upgrades the banking troika to buy. TP for OCBC now at 10.85.

https://www.straitstimes.com/business/compa...ets-on-v-shaped

On the other hand, Phillip Capital downgrades the banks to neutral.

Edited by adding : When the next pandemic comes, we will know how to react already,....

And as we speak,... the Ringgit has weakened again vs the SGD :-

That's what I thought too,.. but if BNM drops int rate further,... chances are lower, bro,...

Hmm, I got up early today because S&P and Dow closed early this morning,.. hoping mkt will open red,... but I see more greens today,...

There are still gems out there, bro,... We just need to see where to dig.

STI has not broken 3k yet,... what do you think, bro,....

HSBC sees ‘swoosh-shaped recovery’ with Asia leading the way

In a mid-year outlook report, Global Chief Strategist Joseph Little said a “swoosh-shaped recovery” entails a sharp rebound once lockdowns are lifted, followed by a gradual pickup to pre-crisis levels of activity.
China and industrialized Asia, including South Korea, Singapore and Taiwan, are best placed to capitalize on the recovery, while other emerging markets, smaller oil exporters, frontier nations and the euro zone are less resilient, according to HSBC Global Asset Management.
https://www.cnbc.com/2020/06/10/hsbc-sees-s...ng-the-way.html

 

What are the three ctrs, bro,... share a bit please,...

Bro AV,... tq,... I just bought those three,....

managed to grab some OCBC at 9.05 today, try to queue for DBS but couldn't get it