7-Figures Portfolio w $300K of DBS OCBC UOB unrealized profit ... Sell?

I have picked up a sizeable position of around 7-Figures in the 3 local banks over the past few years, as I felt that they were undervalued for such well managed companies. Dividend yields have also been comparable to reits, plus the business model of banks are proven historically and simple to understand. Banks risk rating of AA (low risk) also beats BBB (medium risk) for most reits by at least 2 notches

Over the past year, the prices of local banks have risen 40%+ considerably to all time highs. Today, the prices of all 3 banks have also risen over 2%. While the fundamentals of banks remain solid, should I take some profit of the $300K so far? 😅

There seems more room for upside though, with good volumes and there's really nothing else much to buy to replace these banks. With Trump taking office in less than 2 weeks, stock markets will be more volatile, as trade wars might be looming. There are really not much places for money to hide nowadays!

Press on Financial Warrior, YOU Mighty Man of Valour!

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2024 $184K Profit

Should I sell my $400K UOB at $35.69

Single day $50K unrealized profits w Banks

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 education/information purposes and should not be used as an enticement to invest in any financial products

2024 $184K Profit (Nice!)

Today is the 1st day of 2025, and time to summarise and consolidate the whole year of 2024. Counting my blessings for the total profits of 2024 came in at a nice $184K. A major bulk of these came from the 3 local banks, followed by various reits, blue chip stocks and bonds. The past year has been a great run-up for stocks especially DBS, UOB and OCBC. I couldn't resist to take some profit, as prices climb to all time highs. Computing over the past 20 years, the accumulated profits have exceeded the psychological $1M. Who says you can only be a millionaire through property?! Stocks are also possible too and I am one of the many examples. Nice!  😎

Looking forward into 2025, the major wild card seems to be Trump. Some are optimistic with the anticipated tax cuts, others are pessimistic with upcoming tariffs war. It's certainly a more dangerous and volatile year ahead. With trepidation, we can only carefully tread forward, hoping for the best and preparing for the worst.

When I slowly started investing some 20 years ago, it was just to be a good steward of money, working and saving hard for a better future. Of course there were many silly mistakes I made, but only by persevering and pressing on bravely, casting aside bad decisions and forgiving myself, upon looking back there seems to be some achievements now.   😅

Press on Financial Warrior, YOU Mighty Man of Valour!

Related Posts:

Should I sell my $400K UOB at $35.69

Single day $50K unrealized profits w Banks

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 education/information purposes and should not be used as an enticement to invest in any financial products

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!

Related Posts:

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

Is UOB at $27.86 a good BUY?

 

Singaporeans would be very familiar with UOB, though it is the smallest of the 3 local banks in terms of market capitalisation. Controlled by the Wee family over the past few decades, this bank has grown over the years to be a strong and reputable regional bank

The long term share price has also increased steadily from $10 during the Global Financial Crisis of 2009, peaking at $33 in 2022. Long term moving averages are sloping upwards, signalling the long term trend and growth should continue in the more years to come

In the short term though, we see the yellow MA10 line turning downwards, as price weaknesses continue to plague UOB and similarly with other two local banks of DBS and OCBC. We see the price of UOB trying to find support in the region of around $28, with another stronger and well tested support around $26

With UOB dividend of $0.75 in April 2023, and probably another dividend of $0.75 in August, the yield would translate into (0.75+0.75)/27.86 = 5.4% not too shabby for a well established bank. With bigger Reits (MIT/MLT/Areit) also offering somewhat 6% yield at around 90% payout, I would well prefer UOB which is only at 50% dividend payout. Not forgetting UOB is a much larger company and solid economic moat vs Reits

Would u also agree with my assessment on UOB? Let me know in the comments section below. Thanks  😎

Related:

Is DBS at $32.7 a good BUY?