"Don't see rate cut this year" as quoted by Powell. Technology, real estate and financial sectors that are rate sensitive will be trading like roller-coaster through out the year.
Fed Recap: All the Market-Moving Comments From Fed Chair Powell After Rate Hike
$UNITED OVERSEAS BANK LIMITED(U11.SI)$ CEO Wee bought 100,000 shares on 23 February at $29.50 per share, it was the day when the share price fell 4% when the bank released it FY results.
$AEM HOLDINGS LTD(AWX.SI)$ Better stay away from this stock after weak revenue forecast for FY 2023(500 millions dollars vs FY 2022 800 plus millions dollars). Should see low to mid 2 dollars share price.
$AEM HOLDINGS LTD(AWX.SI)$FY 2022 revenue guidance revised upwards from $750 - $800 million to $820 - $850 million. Past few days sell off were mainly due to expectations of lower revenue due to the new USA restrictions of selling semiconductor to China, the revised revenue guidance should fairly support the stock price.
$UNITED OVERSEAS BANK LIMITED(U11.SI)$CEO Wee Ee Cheong within 3 days bought another 25,000 shares at $26.80 per share on 19 August. First time purchased was 50,000 shares at $26.85 per share on 16 August.
$UNITED OVERSEAS BANK LIMITED(U11.SI)$CEO Wee Ee Cheong bought 50,000 shares at $26.95 per share on 16th August. When a CEO buy it own company shares it is a stamped of confidence in the company.
High oil prices is one of the reasons that cause high inflation, as long it get stable or going down it will bring down the inflation and that bore well for stock market.
US STOCKS-Wall Street Mints Big Gains to End Strong Week
$AEM HOLDINGS LTD(AWX.SI)$Someone purposely push the price down to $4.05 and buying it at same price. Hope that Temasek's will step in to buy to support the price.
If stock markets continue to go up or just slightly down for the next 2 days then it is confirmed the months long sell off is over as future inflation and rates increase already price in. Just my thoughts.
US STOCKS-Wall Street Rallies to Close Higher After Fed Statement
My preferred are DBS and OCBC. DBS : payout quarterly dividendOCBC : aggressively share buy back (UOB none of the above and it share price usually fall harder compared to the other 2 banks during stock market down days)
DBS’ Share Price is Lagging Behind UOB and OCBC: Can it Catch Up?
$SINGAPORE TECH ENGINEERING LTD(S63.SI)$Today it's quarterly dividend payout day @ $0.04 per share and already credited to Tiger account. If you hold 1, 000 shares you are $40 richer today. 😊