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...