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Buy into Dairy Farm International, Chinese tech and consider secured wealth lending
By Finance Smiths  •  August 18, 2021
I have completed the transfer of my ETH holdings from Coinhako to Hodlnaut earlier in the week so they have already started earning interest. Given that DAI is a stablecoin crypto that can also be transferred from Coinhako to Hodlnaut to earn interest, I may start to build up a position in DAI. It’s probably a good way to utilise my excess cash balance in the future since the crypto interest rate is much higher than the bank interest rate. There’s always lots of things happening in the cryptos space and I’m still trying to monitor and understand these developments. Anyway, Jardine-owned Asian retail giant Dairy Farm International announced its 1H21 earnings more than 2 weeks ago and it was bad. Since then, its share price has fallen significantly. It seems like shopper behaviour during this Covid pandemic is still erratic and given the ongoing restrictions, outlook for the year remains glum....
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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