On 12 March 2020, bought 300 shares of DBS at $20.51 each.
DBS share price had plunge steadily and its valuations is attractive now.
As I cant predict the bottom , I will buy DBS & UOB in batches.
$20.06 is a strong support for DBS and let see whether it can hold up to that price, else we will see a lower share price soon.
A second relief package for Singapore is in the making & very likely our reserves will be use & I expect it will be a huge relief package.
On the same day, sold 10,000 shares of Mapletree Logistic at $1.81 each to load ammunitions to purchase more bank stocks. Net about $4100+ for this disposal.
US Treasury 10 year & 30 year bond yield is at all time low which means investors are buying US treasury bond to park their money in a safe haven.
This naturally translates into dumping of high risk asset class such as stocks.
On the bright side, China had closed 16 of its temporary hospital for Covid -19 patients & the number of infections in China is now at low 2 digit figure.
When China wins the war, we can expect China will provide assistance to countries which is badly affected by Covid-19 virus, already now China is providing masks to Italy, South Korea, Iran & Japan even though China was in dire need of masks too.
DBS share price had plunge steadily and its valuations is attractive now.
As I cant predict the bottom , I will buy DBS & UOB in batches.
$20.06 is a strong support for DBS and let see whether it can hold up to that price, else we will see a lower share price soon.
A second relief package for Singapore is in the making & very likely our reserves will be use & I expect it will be a huge relief package.
On the same day, sold 10,000 shares of Mapletree Logistic at $1.81 each to load ammunitions to purchase more bank stocks. Net about $4100+ for this disposal.
US Treasury 10 year & 30 year bond yield is at all time low which means investors are buying US treasury bond to park their money in a safe haven.
This naturally translates into dumping of high risk asset class such as stocks.
On the bright side, China had closed 16 of its temporary hospital for Covid -19 patients & the number of infections in China is now at low 2 digit figure.
When China wins the war, we can expect China will provide assistance to countries which is badly affected by Covid-19 virus, already now China is providing masks to Italy, South Korea, Iran & Japan even though China was in dire need of masks too.
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