Average down… Yesterday, was out-jumped during 5pm matching for $1.69… CEO resignation is causing continued price weakness…. FED finally hiked rate by 0.25% but US mkt was +ve… STI follows… 😀
Average down… xd on 21-Dec and risk of dropping more than Div = 6.8ct like for most recent stocks… Fed minutes will be out tonight, chances of rate hike is very high… but may have already been factored into the market recent declines… US was +ve last night, STI followed… 😀
Q3 results were out yesterday evening. EPS continues to be weak. Looks like 2H Div will likely also be cut (1H was reduced from 1.5ct to 1ct). Closed @ $0.71, -7.5ct…. 😀
Finally add a bank stock back to my portfolio. Was considering to buy back UOB but was afraid that it'd drop more than Div = 20ct on Monday when it goes xd… the same happened to Starhub & SingPost today after it went xd…. 😀
Contra off… Was planning to keep for longer term but decided to free up cash to switch to other stocks as STI -33.33 @ 2925.68 and had been -ve for the past couple of days. Fears of US Rate Hike in Dec… 😀