Should I sell my ~$400K UOB at $35.69?

I have been accumulating UOB for some time, as its quarterly results and price seems to be lagging both DBS and OCBC. Expanses remain high from its Citi acquisitions which should be good for the longer term, but depressing net profit in the short run...

Is UOB at $27.86 a good buy?

Finally the day came for its Q3 results and its eye popping 7% rise yesterday. Though the last 3 hours on Fri saw a price pullback from the all-time high of $36.60, the close was still a very respectable price of $35.69

Fri's volume was very high at 14 million, than its 52 week average volume of just 3 million. This shows that the BBs are aggressively accumulating UOB with the hope of selling it even higher. Coupled with China govt under-whelming announcements to prop up its weak economy, there could still remain some price strength next week

Still a bird at hand is better than two in the bush, and it's never wrong to take some money off the table. Surely we need to reward ourselves a little, eating some nice food and enjoying life for our hard work  😅

Press on Financial Warrior, YOU Mighty Man of Valour!

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Is UOB at $27.86 a good buy?

OCBC ~$300K sell abit at $15.3

$71K 1H24 income ... $143K 2024

2023 cashflow $143K w XIRR 9%

My 7-figures porfolio (2024 Q1)

$983K profits in 20 years (2005-2024)

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products

Single Day ~$50K unrealized profits w Banks

Both UOB and OCBC announced good Q3 results today, plus DBS yesterday. While many would agree that these are all great results, still an eye-popping single day increase of around 9% for UOB and 2% each for OCBC and DBS has been quite pleasantly surprising! I couldn't resist to sell some OCBC to take some profit, with upcoming weekend & possible China govt positive announcements, which might pull some funds back into undervalued HK markets

The USA election win for Trump has been also unexpected, and I can't help but wonder why would Americans elect such an immoral person as president. Complicated & different approaches to policies like Israel/Hamas war, Abortion, Tariffs, Tax & Regulations and LGBTQ can be debatable on what should be the correct/better choices, but raping  woman is just immorally WRONG! Apathetic & misinformed voters could prove to be a slow spiral downfall of a global superpower

I was actually expecting a close & hung election, with Harris winning & Trump disputing with recounts. Unfortunately, it was a big victory for the Republicans with wins in Senate & possibly the House. There goes the S&P500 pullback to purchase more, and once again we are seeing all-time high prices. Are u also waiting for an opportune time to buy more S&P500 for long-term investments? Let me know in the comments below, thanks 😁

It's going to be a scary & unpredictable outlook for the future 4 years. Who knows that Trump might decide after 4 years to continue on for more. He is the "King" now, controlling Executive, Legislature and the Courts. Hoping for the best & preparing for the worst  😅

Press on Financial Warrior, YOU Mighty Man of Valour!

Related Posts:

OCBC ~$300K sell abit at $15.3

$71K 1H24 income ... $143K 2024

2023 cashflow $143K w XIRR 9%

My 7-figures porfolio (2024 Q1)

$983K profits in 20 years (2005-2024)

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products