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Portfolio Updates – Staying the Course
By Alpaca Investments  •  April 11, 2020

Markets rallied strongly over this short trading week, with US indices entering a bull market, which is defined as a >20% gain from the bottom. Optimism over the potential flattening of the curve in US and Europe, along with further stimulus from the Fed helped markets recover from their lows 2 weeks ago. Overall, my portfolio is down about 10% based on cost. Here’s my updated portfolio as of 9 April 2020:




DBS – The bank has been aggressively buying back shares since January, spending in excess of $400 million, which is greater than the full year amount spent in the past 4 years. DBS’ AGM has been postponed, which means the final dividend would be delayed. There is a concern that as Stanchart and HSBC have scrapped dividends due to the uncertainty ahead, DBS would follow suit as well. While Stanchart and HSBC were told by UK Regulators to...
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By Alpaca Investments
I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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