$UOB(U11.SG)
Context: I took advantage of the reduced board lot size to add UOB and average down. While markets have scaled back expectations of further Fed hikes due to weak job numbers, I think persistent inflation will likely keep further hikes on the table.
My trade: Started position in UOB.
Takeaway: UOB’s rate sensitivity could be a tailwind if the Fed remains higher for longer, supporting my longer-term view. Reduced board lot size also improves accessibility to SG bank stocks.
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