UOB

Result is out today !
2nd quarter earnings is down 40% to $703m( due to factoring allowances of 379m), dividend was lowered at 39 cents vs 55 cents due to authority guidance on dividend policy.

NAV $22.31.
Yearly dividend of 78 cents. Yield is 3.95% at $19.71.

Trading at P/B of 0.88 seems quite attractive.

Currently, the yield is the highest among the local bank counter.

With the nice bouncing off from the low of $19.00 and hitting the high of $19.78 looks rather bullish!


Short term wise, I think this bullish momentum may likely continue to drive the price higher to test $20.05 with further extension towards $21.50.

Half year interim dividend of 39 cents, ex.dividend date on 26th Aug.

Not a call to buy or sell.

Pls dyodd.

Accordia Golf

Halted , pending announcement!
Might be something is brewing or answering those requests by major shareholder.

Not a call to buy or sell.
Pls dyodd.


Chart wise,looks bullish!
Likely to see another explosive move to take it higher towards 76 cents!

Not a call to buy or sell.
Pls dyodd.


Today another gap up close 4.5 cents higher at 68.5 cents coupled with high volume looks pretty encouraging!

With the offer deal at 73.2 cents , dPu of about 1.14 cents is on the way depending on company further announcement plus cash on hands I think she may likely re-attempt 76-cents again which is the recent high.


Not a call to buy or sell.
Pls dyodd.

STI ETF

Looks like the price is trading near RSI 30 might be a good opportunity for those that are waiting for the boat to come back.

This method of operation is to buy into STI ETF whenever it is in an oversold condition
 and to sell off and take profits whenever it is in an overbought condition. 

For example, one may use the  indicator such as the Relative Strength Index (RSI) to gauge when it is overbought ( above 70 ) or oversold condition( below 30).


One may plan to buy and selling of units in several batches whenever in oversold or overbought conditions in order to get the best average price.


For example you may plan to buy in at different interval or whenever the Oversold situation happen .


In any one year, there will be three to four such window opportunities of overbought or oversold conditions to operate by buying or selling units of the ETF. At the same time, we can also kept some units always to receive dividend income and for their long term growth in price appreciation.

With discipline and patience , one should be able to get good average returns per year in excess of certain % by this one simple strategy of investing in one single ETF .I think This simple one strategy is safe and allow one to sleep soundly at night without worry of negative news affecting individual stocks in one's portfolio which could crash the share price of the particular stock the next day. This is because even if one or two of the component stocks in STI ETF of blue chips should collapse in share prices, there will be 28 others to diversify away the risk of the entire portfolio collapsing at anytime.


As for younger folks who just started out working and does not have enough cashflows and savings , one may start to spread out the different batch of buying or applying the Dollar-cost-averaging method by investing $1000 at 6-8 different batches that would be able to achieve  lower average costs per unit. 

the example are as follows:-

1. When the index price is $2.00, your $1000 will be able to buy 500 shares.
2. When the index price is $2.50, your $1000 will be able to buy 400 shares
3. When the index price is $2.90, your $1000 will be able to buy 344 shares
4. When the index price is $1.66, your $1000 will be able to buy 625 shares

5. When the index price is $3.00, your $1000 will be able to buy 333 shares
6. When the index price is $3.20, your $1000 will be able to buy 312 shares
7. When the index price is $3.50, your $1000 will be able to buy 285 shares

Total = $7000 / 2799 shares = $ 2.50 average cost per unit.

By using this method, you will be able to make a profit once the stock market rises above this low average price.

RSP :

Just sharing.


Not a call to buy or sell.
Pls dyodd.