Change Log
Bought UOB Bought DBS Bought OCBC BANK Applied CAPITAR CHINA TR with excessPortfolio Allocation
Due to the escalation in trade war and rates cut, STI has retreated in August and I took the opportunity to do some accumulation. The banking sector caught my attention and I manage to add all three banks this month. I have always wanted to add the banks but I think they were slightly overvalued. The Financial sector now takes up around 6% of my portfolio. I am prepared to average down further should the trade war escalates or the economy worsen.
I have also applied for the preferential offering by CapitaR China Trust this month but the allocation results are not out yet. I will continue to stay vested despite the outlook for Singapore economy is gloomy. Singapore could be heading for a technical
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