This will be a quick update on the portfolio as I added 3,000 shares of UOL at a price of $7.04.
I added this company right after the cooling measures was announced a couple of days ago, which I believe has brought the sentiments of the market into a different direction. Hence, this purchase was more of a momentum play than anything else.
Whilst the relaxation measures for the seller’s stamp duty and TDSR is unlikely to bring about greater impact to the overall sales for the time being, I think more importantly it signals that the government are acknowledging the difficult times and are prepared to act accordingly to alleviate by adjusting to the measures they have put there in the first place.
|Historical policy measures vs median price|
We all know that developers have been trading at a discount since the cooling measures were introduced in 2009. …Read the full article →