Have been busy watching SG banks lately. Big share price swings on DBS and UOB while OCBC has been trending upwards. Traded a bit and glad to see support for all three banks.
Not easy to build a fortune on the market. DBS and UOB announced earnings today and the outcome is so contrasting. DBS heads north but UOB goes south. Overall, glad that it is still a very green day.
In times of market pullback, top 3 defensive stocks that will stay strong are DBS, OCBC, UOB. Wait for price to come down after ex-dividend and still waiting.. add more to collect dividends in good/bad times.
SG bank earnings season coming, guess DBS looks promising as the wealth engine. Since it will fire the first shot, the baseline expectations for UOB and OCBC are set to keep investors busy in early May.
Looking forward to buy more reits with funds on maturity of t-bills as have been eyeing good reits that pay consistent dividends but no funds to buy earlier.
Opinions from "experts" very varied; no sure win formula. Prefer having a few strong stocks with consistent dividend payouts; avoid "risky" stocks with likely sudden high gain / loss.