In recent days, bank stocks have experienced a notable rise. Following a recent round of rebalancing, I observed a directional split between DBS and OCBC. I took the opportunity to sell some DBS shares and reallocate to OCBC, which helped trim my oversized DBS allocation of over 26%. In my view, while DBS is still buoyed by share buybacks and is undergoing a CEO transition, this move serves as a mitigation strategy regarding the new CEO and aims to secure a larger dividend from OCBC. This is a defensive measure. I am still deliberating whether to allocate more fresh funds into this segment, which currently constitutes nearly 40% of my equity portfolio.
Sheng Siong
There appears to be a near-term peak based on the Relative Strength Index (RSI), alongside a positive trend in the Moving Average Convergence Divergence (MACD). Broadly speaking, recession fears seem to be subsiding. However, there has been slight awareness regarding losses in overseas operations, and yield has dropped to approximately 3.8%. Given these factors, I believe it is a prudent time to take profits while retaining only residual shares.
iBit
The recent spike in Bitcoin (BTC) has allowed me to redeploy funds into Google, which is currently under-invested in my portfolio. I have no emotional attachment to taking profits; my focus remains on prioritizing stocks with solid business fundamentals. I intend to return to iBit in the long term as I see it as an insurance component for my portfolio.
Additionally, I have made several minor adjustments in the portfolio regarding allocation and cleanup, which I have chosen not to detail here as they are relatively insignificant.
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2024-12-04
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Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.
