$UOB(U11.SG)
Context: UOB breached my cost price this week following a rebound in Singapore bank stocks. I remain constructive on the sector, but valuations are elevated and the market seems to be pricing in near-perfect execution.
My trade: Holding my position for now after averaging down during the recent weakness.
Takeaway: The recovery is encouraging, but with expectations running high, there is limited room for disappointment.
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