先睹为快👀
after the 6th day of falls, markets around the world are starting to find the support line to regroup.
interest rates are now being established to hold at the current level,
this will have a positive effect on the 3 banks as many customers are still not affected. employment numbers in SG have not been hit hard and loans have no expectation of being recalled.
DBS will announce its Q3 earnings on 6 Nov but all eyes will be on UOB this week as they will release theirs on 26 Oct. it will be indicative if Singapore is a beneficiary of the current situation in the markets.
P/E ratio has hit 9.88 yesterday, if upcoming Q3 earnings from the index constituents do not report drops in earnings, STI remains oversold and under valued. ( the announcement from 2nd Chance seems to point to confidence in the SME sector)
from the chart's perspective, the head and shoulder followed by the cliff drop is being created by a global selldown. Singapore being one of the erratic markets is expected to behave unexpectedly due to local speculation, but the global trend will adjust the market accordingly.
-signing out
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DividendKopi : Does this means more green days are coming
输钱没底线赢钱没上线 OP DividendKopi : need to wait for friday and see US earnings report. i dun have secret info that others are revealing on the companies earnings. if this Friday’s direction is good, means this oct episode can close already. so all the chart setup and volume needs to reset. then hopefully another rollercoaster ride is not setup in Nov. then will slowly go into sleepy dec null period.
DividendKopi 输钱没底线赢钱没上线 OP : Yeah hopefully ok. My SG stocks all bleeding haha