This quarter marks the start of Trump's rule for the next 4 years and he does it with a bang! With the all too familiar bullying mentality, it is his way or the highway. Within the first 2 months, in order to cut down government expenses, he close almost all foreign aids, fire contingent government workers and started tariff wars with countries which have a huge trade surplus with USA. Economist is currently talking about slow down in USA GDP due to the increase in cost and pricing in a possibility of recession 6 months down the road. Private companies are not spared either, with increasing news of retrenchment to right size the workforce to combat recession threat. Personally, I don't foresee a good year ahead, even if Trump manage to ramp his way through with tax cuts (and possibly put USA into more debt with fiscal deficit).
DJI ended at 42033, an decrease of 511 points (-1.20%) compared to 4Q 2024. For Singapore, STI ended at 3972, an increase of 185 points (+4.88%) compared to last quarter. Banks in Singapore (52.8% STI weightage) continued to do well with record profits while technology shares took a hit due to slowdown in demand. Overall, market continue to respond to Trump's policy direction.
In this current quarter, with limited budget as company is not doing well, I can only do some small bot on purchase.
Transaction 1: Bought 1 batch Credit Bureau Asia shares in March.
This company continue to scale up in their new markets in Cambodia, and Myanmar, while Singapore and Malaysia will be buoyed by the new digital banks increased checks on customer profile as they start their loan business. Income will be stable as it is much a recurring business. I believe there is still room to grow for this company.
That is all for now. See you all in Q2 2025 update and thank you for reading thus far.
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