What infrastructure projects India & China are building on their border

Covid-19: FTs from India reinfecting S’pore

Not me, but the constructive, nation-building propaganda arm of the PAP govt ST

More than 100 such cases confirmed in past month, with over half from India

ST headline yesterday, somewhere in the middle of yesterday’s paper

A lot more than half, 62 to be precise, ST reported on Thursday.

From June 30 to last Tueday, there were 107 cases of infections from abroad and they were imported from nine different countries, with more than half – 62 cases – coming from India.

Another 23 cases were imported from the Philippines, while the rest came from countries such as Indonesia, Pakistan and the United States.

Most of the imported cases – 27 – are work pass holders, while 23 of them are S’poreans. There were 20 permanent residents and 19 dependant’s pass holders among the imported cases.

Given that India is full of Covid-19 cases, third behind the US of A and Brazil, why let people from India? Btw, PeenoyLand also saw a recent coronavirus surge, so why let Peenoys in?

Why not impose stricter quarantine rules, if they are that impt to the economy?

These FTs tua kee isit?

Btw2, FTs are also a problem in HK: Covid-19: Silence of Lim Tean, Meng Seng and TOC is deafening.

Can local bank stocks fall by 37%? And other investment tales

Last Thurday, DBS fell by 3.09%, UOB by 3.15% and OCBC 3.82% because following the Monetary Authority of S’pore’s July 29 announcement on capping Singapore banks’ FY20 dividends at 60% of their FY19 levels.

Analysts from DBS Group Research, OCBC Investment Research, and CGS-CIMB Research have maintained their “hold” or “neutral” recommendations for the shares of DBS Bank, UOB and OCBC.

But in the past, these analysts (and many others, to be fair) said that the banks’ share prices are underpinned (among other things, to be fair) by their dividend yields of around 6%.

So shouldn’t the dividend yields now adjust to reflect this?

Well if they do, share prices can fall a lot: up to 36-37% from their last traded prices.

Remember you heard this first here. LOL.

Btw, I have an economic interest in UOB via Haw Par:

Btw2, I missed a bullet. I was thinking of buying OCBC shares. Glad I didn’t but btw3 I’m into two dogs that I had tot had bottomed out: SingTel and SPH.

Btw4, I think I’ll stick to my industrial reits, sub-$1 stocks, and penny stocks. Less risky.

Btw5, hopefully if the bank stocks collapse, they bring the market down and I can get some penny stocks at decent prices. Juz grin and bear on SPH and SingTel: no averaging down. Juz collect dividend lor.