Saturday, 3 August 2024

Rabz DBS under 36 le, is it going to 30?

 Stoks

  • DBS finally fell below the previous resistance of 36 and closed at 35.31 due to BOE cutting rates for the first time.
  • However BOJ decided to raise their rates which resulted in yen strengthening. 
  • US market started to sell off as the fears of a recession has come into play, USD weakened, 2/10yr rates dropped as well.
  • UOB n OCBC reported earnings this week and OCBC obviously did better due to it's riskier style of play.
  • Both banks raised their div payout to 88c and 44c respectively which shows their ability to reward shareholders more.
  • DBS will be reporting its result next Wed mid-day, hopefully it follows the way of OCBC if not we'll be seeing 35 then 34.
  • It isn't all is lost as long they are still be able to generate profits other than from net interest income.
  • Rotated out of single tech stocks at some losses to pure CSPX n QQQM in IBKR.
  • Rough gauge of PF performance down to probably +4 to 5% this year.
  • Will have to control purchase of stocks at this current point, if shit hits the fan then all is gg.

US P/L 264252.09

SG P/L 37528.06

IBKR $37600 C36348.08

Down-ed approx 16.8K SGD.




333434.13 SGD

1.3229 USD FX

Withdrew 15K to fund IBKR




Bought 1400 DBS



70.86% Banks

29.14% Cash 


Life
  • Turned 30 this week, managed to push for a silver, getting that extra $100.
  • Exercise routine will continue all the way, surprised myself when I got max pts for PU which I don't know how it happened.
  • 58PU 38SU 12.01
  • Celebrated birthday with 24 at Jewel, countdown 5more years to flat purchase...pkl


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