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$DBS (D05.SG)$ Someone say interest rate cut, bank will drop...
$DBS (D05.SG)$ Someone say interest rate cut, bank will drop and heavy leverage stocks like reits will shoot up. Why reits crashing today and DBS at ATH? ![]()
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JC73 : I think whoever said that only looks at headlines and not dig deeper. Many REITs are on a combo of fixed and float rate. And rate cut will not see impact on mortgage rates till 6-12 months later. All of us have mortgage, our mortgage rate is still high. Not like suddenly it drops to zero.
AlfonsoDex : For Reits, slowly la.. they have been "breathing out" for the last few trading days already. Now it's time to "breathe in" before going higher. Stocks don't go up in a straight line. quoting Adam Khoo.
For banks, the bullish thesis is: the drop of interest rates has eased the monetary policy where people or companies would be more inclined to borrow money from banks (money lenders) due to lower interests rates. I would think anyone would prefer to loan from the banks if interest rates is lower right? so though banks lose the ability to lend out at higher rates but it's compensated by numbers of customer boosts
It's a theory, just for sharing
AlfonsoDex JC73 : true to that too
Veldin : You do realise that REITs have already gone up a lot recently, right? If you wait till after rate cut to buy in, it’s too late. The best time to buy was months ago when the market was panicking due to worries that there will be no cut this year.
AlfonsoDex Veldin : Yes great minds think alike.. I have been buying aggressively for 6 months prior to the FOMC meeting 2 days ago.. now all my SG Reits portfolio is pleasing to the eye.
R and R OP Veldin : You don't know what I owned. I owned close to a million dollar worth of reits. I like reits for their dividend. What I was saying is that someone is wrong in his prediction. Again!
Veldin AlfonsoDex : Me too! I bought a tonne of REITs up till around July. We both benefited greatly. Now that the rate cut news is out, a bit of consolidation and profit taking is not unusual.
102881417 AlfonsoDex : Holding banks since 2017… only Dbs .
_MK_Watcher_ : BOJ made the latest announcement on its interest rate as follows:
'The Bank of Japan (BoJ) kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery. In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.'
AlfonsoDex 102881417 : Great!. I have all 3 SG banks. also holding for long term
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