ynwa

$UMS(558.SG)

Context: I bought UMS today as the stock looks oversold after its recent weakness. Wall Street’s chip stocks trading higher tonight, which could provide a tailwind for sentiment across the semiconductor sector.

My trade: Opened a position today, hoping the positive momentum on Wall Street carries through to UMS at tomorrow’s open.

Takeaway: Looking for a short-term rebound, but I’ll be watching whether the recovery has staying power.

$UOB(U11.SG)

Context: UOB breached my cost price this week following a rebound in Singapore bank stocks. I remain constructive on the sector, but valuations are elevated and the market seems to be pricing in near-perfect execution.

My trade: Holding my position for now after averaging down during the recent weakness.

Takeaway: The recovery is encouraging, but with expectations running high, there is limited room for disappointment.

$Keppel(BN4.SG)

Context: Keppel has dropped to S$10.10 amid broader SGX weakness as markets reprice expectations for Fed rate hikes. The technical picture is also deteriorating, with a death cross potentially forming as the shorter-term moving average approaches a cross below the longer-term average.

My trade: I still like Keppel as a blue-chip holding and may look to add if the pullback presents a more attractive entry.

Takeaway: I’m staying constructive on the fundamentals, but will be mindful of the weakening technicals before adding.

$SIA Engineering(S59.SG)

Context: SIA Engineering hit a 52-week low today, making this an increasingly frustrating position to hold. The lack of momentum has reinforced my concerns about its near-term upside.

My trade: At this point, I’ll wait for the stock to recover to my breakeven level before exiting and redeploying the capital elsewhere.

Takeaway: Not the position I wanted to be stuck in, but I’ll look to exit at breakeven and move on to stronger opportunities.

$UOB(U11.SG)

Context: UOB has bounced back to S$40.50 following the recent weakness, with oversold conditions potentially supporting a further recovery.

My trade: I’m standing pat after accumulating during the pullback, rather than adding further at this stage.

Takeaway: I want to see whether the rebound has legs before committing more capital. For now, I’m happy with the position I’ve built during the weakness.

$UOB(U11.SG)

Context: I took advantage of the reduced board lot size to add UOB and average down. While markets have scaled back expectations of further Fed hikes due to weak job numbers, I think persistent inflation will likely keep further hikes on the table.

My trade: Started position in UOB.

Takeaway: UOB’s rate sensitivity could be a tailwind if the Fed remains higher for longer, supporting my longer-term view. Reduced board lot size also improves accessibility to SG bank stocks.

$Keppel(BN4.SG)

Context: Keppel fell towards S$11.04 today, bringing it closer to the levels I’ve been watching for another entry. The recent weakness looks more interesting after missing the chance to add around S$11.01 previously.

My trade: Holding my existing position and watching the S$11 area closely for an opportunity to add.

Takeaway: I’ll be more deliberate this time if the stock revisits my preferred entry range.

$Keppel Reit(K71U.SG)

Context: Keppel REIT closed flat at S$0.85, but the rate backdrop is becoming more supportive. Softer-than-expected core PCE has reduced expectations of a near-term Fed hike, although stronger jobs data still gives some pause.

My trade: Holding for now and watching whether improving rate expectations can provide a catalyst for the REIT.

Takeaway: A less hawkish Fed would remove some pressure from rate-sensitive REITs and could help unlock a breakout.

$Keppel(BN4.SG)

Context: Keppel has rebounded to S$11.47 from its recent low of S$11.01, making the pullback look like a missed opportunity in hindsight. The fundamentals remain intact, so I’ll be more cognisant of these dips moving forward.

My trade: Holding my existing position and watching for another attractive entry.

Takeaway: I missed the chance to add this time, but I’ll be watching closely for the next pullback.

$SIA Engineering(S59.SG)

Context: SIA Engineering hit an intraday high of S$3.22 but still couldn’t break through the S$3.23 200-day moving average. The stock is showing some momentum, but this remains a key technical hurdle.

My trade: Holding for now and watching whether it can finally clear S$3.23 with conviction.

Takeaway: A sustained breakout would give me the opportunity to exit and redeploy the capital.

$SIA Engineering(S59.SG)

Context: SIA Engineering remains around S$3.10, with limited price action making the stock less appealing. Without a clear price catalyst, it’s difficult to see much momentum developing.

My trade: Holding for now and watching for a sustained breakout above the recent range.

Takeaway: If the stock finally breaks out with conviction, I’ll use the strength as an opportunity to sell and redeploy the capital.

$Keppel Reit(K71U.SG)

Context: Keppel REIT remains range-bound, and higher Fed rate expectations - markets pricing in at least two more hikes by March - are likely to make a breakout harder as REITs remain sensitive to financing costs and yields.

My trade: I’m holding for now and collecting the dividends. Fortunately, my exposure here is relatively small.

Takeaway: With limited upside catalysts in the near term, I’m happy to wait and reassess as the rate outlook develops.

$Keppel(BN4.SG)

Context: After six consecutive red days, Keppel finally registered a green day. The stock remains around the price level where I bought my second batch of shares, so I’m comfortable holding here. That said, its forward P/E remains elevated, so I’m still cautious at these levels.

My trade: Holding my position for now. If we see further declines to the $10 range, I’ll likely look to add to the position.

Takeaway: Further declines will bring Keppel to levels I’m comfortable accumulating at, but the elevated forward P/E means I don’t want to chase. That said, my longer-term view remains unchanged, so further weakness would be an opportunity to add.

$Keppel(BN4.SG)

Context: Keppel closed at S$11.20, with the move likely reflecting some profit-taking alongside broader jitters in the bond market. In this environment, I think there could also be a flight to quality, which could support more defensive blue-chip names.

My trade: Still holding my position. If Keppel continues to weaken towards the 200DMA at S$11.03, I may look to add to my position.

Takeaway: The pullback doesn’t change my broader view on Keppel. If it reaches the 200DMA, I’d see the technical weakness as a potential opportunity to add.

$Keppel Reit(K71U.SG)

Context: Keppel REIT has been trading sideways, while markets are pricing in two Fed hikes by year-end, with a 25bps hike all but certain this week. That rate outlook is likely to cap near-term upside for rate-sensitive REITs.

My trade: I’m taking a cautious hold for now and watching how the market reacts to the rate path.

Takeaway: REITs will likely remain under pressure given their rate sensitivity, so it’s time to weigh an exit.

$Keppel(BN4.SG)

Context: Keppel fell 2.8% today to S$11.47. The pullback looks somewhat overdone to me, especially without a specific price catalyst behind the move. Broader markets have also been cautious amid higher oil prices and yields.

My trade: Still holding my position. If Keppel falls further, I’ll start thinking about adding to my position given my longer-term bullish view on the stock.

Takeaway: I see this as more of a pullback than a change in the underlying story. If weakness continues, I’d be looking to use it as an opportunity to add.

$Keppel(BN4.SG)

Context: From a technical basis, Keppel continues to look good, with the 14-day RSI at 54. I want to see whether RSI can sustain its bounce back above 50, signalling that buying pressure is building.

My trade: Holding my position and watching whether sustained momentum can push the stock towards another leg higher.

Takeaway: Technicals remain constructive, further bolstered by capital flows into Singapore equities. I’m watching for sustained buying pressure to take Keppel higher.

$Keppel Reit(K71U.SG)

Context: The prospect of Fed hikes is putting pressure on REITs, with higher rates keeping financing costs elevated and limiting near-term upside.

My trade: I’m holding my Keppel REIT position for now, given its quality office portfolio and resilient operating performance.

Takeaway: I’m comfortable holding through the rate uncertainty while waiting for the macro backdrop to improve.

$SIA Engineering(S59.SG)

Context: SIA Engineering closed at S$3.10, with higher input costs, including rising shipping costs for materials, weighing on margins. The stock is also below the S$3.20 200-day EMA, so I’m watching for a breakout.

My trade: I’ll look to exit around S$3.30 on a rebound and redeploy the funds into blue chips.

Takeaway: I’m not optimistic on the near-term upside, so I’d rather redeploy into stronger blue-chip opportunities.