I added these over the last few weeks of market volatility

It was a roller coaster ride the last few weeks with major indices crashing into the Bear market zone. If you have read my previous blog here, you will know that the 2nd tranche of warchest will be deployed into the index etf due to the market condition then. The approach is mechanical, we are not economist, dont need to know reason why market dropped, just need to know if market has presented a value at any time. In a volatile market like now, one does not have to worry too much if you have done your proper asset allocation as in the post here.

Apart from the index etf, I have also invested some bullets into the Singapore market. Most of the value investors have waited long as the market(except for Reits) was expensive then. And this is what I bought.

Singapore banks are the favorites among dividend investors, and due to the poor market sentiment, they have also pulled back. This is not a correction, just a pulled back from their high. I have added a small amount into buying OCBC shares. At current price, it is still not cheap enough to invest in big.

Here is why I bought OCBC instead of DBS. At $15 and below, I will start to deploy in tranches base on the data below.

Using the data from the last 5 years, discounted EPS of 1.2 (to have a margin of safety). The highest price OCBC was more than $17 before it pulled back.

For DBS, using discounted EPS of 2.8, it hit the highest stock price of more than $46 before it pulled back.

At the pulled backed price of $38 last few days, it is still not attractive enough.

This is not advice to buy and sell, do your own due diligence.