Banks
In recent days, bank stocks have experienced a notable rise. Following a recent round of rebalancing, I observed a directional split between DBS and OCBC. I took the opportunity to sell some DBS shares and reallocate to OCBC, which helped trim my oversized DBS allocation of over 26%. In my view, while DBS is still buoyed by share buybacks and is undergoing a CEO transition, this move serves as a mitigation strategy regarding the new CEO and aims to secure a larger dividend from OCBC. This is a defensive measure. I am still deliberating whether to allocate more fresh funds into this segment, which currently constitutes nearly 40% of my equity portfolio.
Sheng Siong
There appears to be a near-term peak based on the Relative Strength Index (RSI), alongside a positive trend in the Moving Average Convergence Divergence (MACD). Broadly speaking, recession fears seem to be subsiding. However, there has been...