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What a Freaky Friday for me, UOB and Alibaba!
By Happy REIT Investor  •  July 30, 2022
Yesterday was the 1st day of the Hungry Ghost Festival. If you are a believer, have you done your prayer? Anyway it is a freaky Friday for me not because of anything supernatural, it's more of the movement of 2 stocks that I am holding. Double whammy on the same day. Despite the respectable result by UOB, the share price dropped by more than 2%. A reader jokingly mentioned dividend is 0.60 SGD, but share price dropped by 0.71 SGD. Doesnt make sense at all! I happily posted the entry and went out thinking it is going to be a winner , but when I finally check back, I was shocked to see the share price had a diarrhea. It is most likely due to the news on UOB suing a Chinese developer. I think this is most likely a knee jerk reaction. UOB top boss acknowledged that there is 1 customer accounted for the lion's share...
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By Happy REIT Investor
A father on career break ( or career suicide) so he can spend more time with the kids and also to refocus his life and career. Random musings ( investment, kids, current affairs, TV shows and what not) of his everyday life as a "full time parent" depending on his passive income to pay for his part of expenses at home. Fortunate to have a very supportive wife ( who by the way prefers me to be at home all the time than to travel for work all the time) and 2 cute kids.
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