At around 5,700 after such a strong run, I would not chase the STI aggressively towards 6,000, but neither would I exit simply because it is at record highs. Singapore banks remain high-quality dividend compounders, although falling rates could gradually pressure net interest margins. I would reinvest the dividends while selectively adding laggards such as REITs, which could benefit more directly from lower rates. A pullback to 5,400 would not surprise me, but for a long-term investor, valuation and income matter more than trying to call the exact top.
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- CrystalRose·08-12 17:23I reinvested some bank dividends into REITs too, but I'd still wait for 5400 before adding more. Yield matters more here, no?LikeReport