Dacai

$IFAST(AIY.SG)I have received the second dividend payout on 12 Jun. I was expecting the stock to go down to below 8.5 after 7 days of red candlesticks but it bounced off after reaching 8.57. Right now it is trading at the middle of the Bollinger Band. Pakistan just shared that a peace deal between Iran and the US will be reached in less than 24h. If this is true, it may give the market a much needed boost on Mon.

$Suntec Reit(T82U.SG) has rebounded to 1.44 after hitting 1.41 (a support level) recently. The opportunity to make a small profit of 2-3 cents per share quickly is there as it has been trading within a range for a while but I don’t know how long this consolidation phase will last. This is for informational purpose and not a financial recommendation to buy and/or to sell. Please do your due diligence before doing any trading. When trading, always be aware the market can change suddenly without notice so size your position to limit your potential losses to an amount you are comfortable with and don’t go all in so as to have other options (eg average down) if things don’t go the way you expect.

Looks like the bull has resumed for the memory chips. How long it will last, I don’t know. Just follow the smart money and don’t be left holding the bag.

Although this has nullified some of my paper gains, I am not panic selling. On the contrary, I will be looking for bargains to add to my portfolio.

I see Berkshire investing in Alphabet on top of its existing holdings as a major vote of confidence. The drop in price is temporary.

My goal is to build up a stream of passive income so I’m only holding selected reits with strong foundations. Banks still make up the majority of my portfolio.

I will be watching the IPO of SpaceX with interest at the sidelines as I am vested in a local stock that may possibly benefit from this.

I am still bullish about banks. The 3 local banks have strong balance sheets and are reliable payers of dividends.

While higher interest rates are usually good for banks, stagflation is a different story. Stagflation is inflation occurring at the same time as rising unemployment and a slowdown in the economy.

I’m  not confident the acquisition of Paragon is good for CICT as that mall doesn’t get a lot of shoppers.

The past 2 days saw significant sell off of semiconductor and memory chip stocks like Samsung, Hynix, Micron and Broadcom. The market seems to have done a sudden flip around from euphoric exuberance to risk off mode and investors start rushing to take profits. I was kind of expecting that this would happen with more people getting interested in trading in the Korean market and DRAM but the timing still took me by surprise. The axiom we can never time the market still rings true. It is good to take partial profits since we can’t be sure how far the bull can run.