[weekly review] w2 2019

Thoughts

Stock market has been having some attempt at reversing, but i am still not 100% convinced that it is so, need to wait for confirmation. I will maintain my risk exposure at 1 month savings. Quite a hectic week, as i am on course but yet have to deal with work stuff, so i have been working even at home, but have work is better than no work no money. lol. so pressing on!

Skills/commitment

Income investing. written out some thoughts

Coding: no move

Transactions

 DBS. As an income & growth investment, so do not care about the chart and position sizing. 

I have been contemplating for a long time on entering this counter and have even done some personal calculation & assumption(do your own due diligence):

• 2.6% (CPFOA), 3.2%(STI ETF), 4.1%(CPFSA) are important dividend yields for investors in Singapore. when yield hit these points for stable companies, different batch of long term investors will come in. because at these points the stock becomes a good investment with  upside. taking $1.2 as dividend given out last year ( exclude special dividend), the price i entered of ~$24, DBS yield is about 5%. key price points for me to take note will be $30, $37.5, $46.15.
• Amongst the 3 big local banks, DBS management has been proactive in handling FinTech & Digitalisation efforts/threats. CryptoCurrency risk is also benign as there has been no testimony case of a successful company that ICO-ed.

Holdings

Yingli. Consolidating right now, with price just above 200ma. this build up around the 12c area is very tempting. retrospectively, i should have entered after this consolidation so that my SL can be tighter, giving me better risk to reward ratio. still looking good, hence i will stay onto this trade till it breaks lower.

Jardine C&C. This trade has broke above the 37$ resistance (not drawn), after consolidating just above the 200ma for awhile. this is confirmation of reversal, and i will be riding this trend up, adding along the way a few times if possible (sticking to my criteria of scaling-up of course). lets hope this is a beautiful story. 

Fu Yu. Counter brokeout of consolidation, hence confirmed trend reversal. because it is at 20c ( key and major resistance point) i am expecting the price to consolidate for awhile, and i think there will be a high probability it may break above 20c. however, i have also shifted the stoploss a bit higher as a precautionary measure.