STI breaking support?

Or maybe support already broken? Looking at the market, it has been quite volatile in the past weeks with the Greek bail out still uncertain and oil prices nowhere near rebound. No major news that would shake the market but also no catalyst to push it back up at this point.

Some things to note in my portfolio - Keppel Corp which I bought when it was 8.83 not too long ago has plunged to 8.44.

Aztech group (AVZ) stock consolidation has taken place (10:1) in an attempt to raise their stock price in accordance to the minimum stock price requirement of SGX but it has resulted in further drop in price from $1.30 to 0.98 (I have yet to do an analysis on its business intrinsic value now but it was bought from years ago).
If OCBC drops further (now is trading at $10.10), I would consider picking some lots. I have just reinvested its dividend at a pretty good $9.52 premium price.

The sudden Mers outbreak in Korea might dampen Asia's economy, particularly as businesses and tourism would get affected should it shows sign of global spread. I went South Korea in April when Korean won is at its highest value. Korea is a really beautiful place especially in the cherry blossom season (view my leisure blog). Hopefully they could keep the MERS disease spread under control.

***

NB: Shares of small chip stocks would have more room to decline after consolidation. Unless it's business and earnings have been good, expect the price to decline post-consolidation.

Comments

Reflections for year 2024

2024 has been a relatively peaceful year. So peaceful that I have read countless novels and other books, met my sports buddies almost every weekend and picked up horticulture. Physical and mental health As we say, health is wealth. I have stuck fairly consistently with my exercise regime and tried to include more fruits and vegetables in my meals (although I eat out more and cook less these days). My weight, BP and cholesterol levels are doing ok. For those 40 years and above, remember to get your subsidized health screenings from the government . Working less and meeting up with friends more contributed to an improved mental health. I see that the government has stepped up on initiatives in the community but work place initiatives from employers still seemed lackluster, especially for those who can't WFH and need to commit 44 hours or more a week at frontline work. I have also started a Gratitude journey to celebrate all my little life milestones. Financials Investment wise ...

The best credit card for my new house renovation

As updated in my previous post, I have finally bought my own place. For the past few months I have been busy coordinating with various contractors and vendors for my house renovation. As I am still on A flexi work schedule, I decided to be my own ID. With only a simple renovation plan in mind, I set my reno budget at $20,000 (aircon & fixtures inclusive). The renovation process and acting as my own ID were not as easy as I thought. It took me about a month to gather and compare quotations from different contractors and another few weeks to finalize all the things that I need my chosen contractor to do. I eventually settled for a main contractor who specializes in carpentry work but also provides painting, tiling and electrical services. I have grossly underestimated the amount of defects that need fixing for this resale flat. Fortunately, the floor tiles and some of the existing built-ins are still in good condition so I kept them, otherwise I would have burst my budget. The first ...

Shit happens and I lost my low-hanging fruits

My POSB SAYE account just hit its 25th month —the much-anticipated “month of maturity.” I was all ready to enjoy the 3.5% bonus interest I’d patiently saved for… only to receive a measly $17+ cash gift instead of a few hundred dollars. I was about to send a message to query the bank what caused this interest drop versus what I have gotten on the 13th month. Confused, I double checked my account history and— gasp! —found a single $50 transfer I’d made to a joint account in one of the past months. I hadn’t even realized that I’d chosen the SAYE account as the fund transfer source. For those unfamiliar with the T&Cs of POSB SAYE: “To receive the additional 3.5% p.a. Cash Gift Interest, ensure that you do not make any withdrawal from your POSB SAYE account.” “If a withdrawal is made in the month, this will result in the previously accumulated additional 3.5% p.a. interest to be forfeited.” Yes, one tiny transfer = months of bonus interest gone . Even depositing it back the...

Rainbow on FI

Search This Blog