OCBC is cheap (undervalued) at $32? – Why I disagree despite being a shareholder

Over the weekend, an article popped up on my Google feed with the title “OCBC is cheap (undervalued) at $32.27. Not Kidding.”

Now OCBC is my biggest bank position, so naturally I wanted it to be right.

I mean, why would I not want this position to double from here.

But wanting something to be true is not the same as it being true, so I sat down and ran the numbers myself.

And I wanted to share the numbers with you guys – whether OCBC is truly undervalued.

https://financialhorse.com/ocbc-is-cheap-undervalued-at-32-why-i-disagree-despite-being-a-shareholder/

Keppel DC REIT buys two Tokyo data centres for S$1.37 billion — is this a good deal, and will I buy this REIT at 4.7% dividend yield?

In case you missed it, Keppel DC REIT announced last week that it is buying two data centres in Inzai, Greater Tokyo, for S$1.37 billion.

To pay for it, the REIT raised S$625 million in a private placement at S$2.10 a unit.

Quite a few of you have asked me what I make of it, so in this article I wanted to discuss:

1. Is this Tokyo acquisition a good deal for existing unitholders?
2. What does the Japanese yen have to do with it?
3. Would I buy Keppel DC REIT at S$2.24?

https://financialhorse.com/keppel-dc-reit-buys-two-tokyo-data-centres-for-s1-37-billion-is-this-a-good-deal-and-will-i-buy-this-reit-at-4-7-dividend-yield/#So_is_it_a_good_deal_and_will_I_buy

Wealth planning sounds like something only billionaires need.

The rich may have more assets, more advisers, and more complicated estates. But the basic problems are the same for ordinary families.

The famous cases are useful because they show what happens when wealth planning fails at scale.

The names are glamorous.

The mistakes are painfully ordinary.

https://financialhorse.com/famous-wealth-planning-mistakes-and-what-we-can-learn-from-them/

Grab shares plunge 59% in 1 year – Will I sell my shares or buy more?

Okay so quite a few of you have asked me about Grab.

And I understand why – Grab closed at US$2.81 this week.

The lowest since mid 2023.

And it is now down 59% since its high of 6.60 just late last year.

Yet all 26 analysts covering Grab rate it a Buy, with an average target price of US$5.86 – double today’s price.

I hold grab shares with an average price of $3 – $4, so I am definitely down on this position.

So... will I sell my shares, or will I buy more?

https://financialhorse.com/grab-shares-plunge-59-in-1-year-will-i-sell-my-shares-or-buy-more/

Should you defer CPF LIFE to 70 for S$2,380 a month instead of S$1,780 — is the 5-year wait worth S$107,000?

Okay so when I wrote about which pot to drain first in retirement, I said that deferring CPF LIFE deserved its own article — and quite a few of you took me up on it.

So here it is.

CPF’s own example is a member with S$220,400 in his Retirement Account on the Standard Plan: S$1,780 a month if he starts at 65, or S$2,380 a month if he waits until 70.

S$600 a month more, for life, for waiting 5 years.

The catch is that those 5 years cost you 60 payouts of S$1,780 — about S$107,000 that has to come out of your own pocket instead.

So 3 questions:

1. At what age do you break even?
2. What do the 5 years of waiting actually cost — and does it matter where the money comes from?
3. Who should not defer?

https://financialhorse.com/should-you-defer-cpf-life-to-70-for-s2380-a-month-instead-of-s1780-is-the-5-year-wait-worth-s107000/

Most people think retirement planning is about one question:

“How much money is enough to retire?”

But that is only half the issue.

An important question to ask yourself is:

“What can go wrong after retirement — and what’s the plan?”

https://financialhorse.com/the-biggest-retirement-risks-in-singapore-its-not-just-running-out-of-money/

Ascendas REIT falls to 2020 COVID prices – Will I buy this REIT at 6.6% dividend yield? Or cut loss?

This week Ascendas REIT traded at S$2.28 – the lowest price since the March 2020 crash.

And this is happening while DBS and OCBC sit near record highs, and the STI is up 22% this year.

That being said, the S-REIT sector is down about 13% in 2026. Ascendas REIT is down 19%.

So this is not just “REITs are down”, it looks like Ascendas REIT is doing especially badly even among REITs.

So… Will I sell this REIT, or buy more at 6.6% dividend yield?

https://financialhorse.com/ascendas-reit-falls-to-2020-covid-crash-prices-will-i-sell-this-reit-or-buy-more/

Top 4 Irish-domiciled ETFs to avoid US estate tax (40%) and dividend withholding tax (30%) – S&P 500, Nasdaq 100, MSCI World

Okay so quite a few of you have asked me about the 4 ETFs listing on SGX on 13 October.

S&P 500, Nasdaq 100, MSCI World, and S&P 500 Equal Weight.

All 4 are Irish-domiciled, trade in SGD, and can be bought with SRS money.

Why does Irish-domiciled matter?

Because if you hold US-listed ETFs like VOO or SPY, you are paying 2 taxes to the IRS.

30% of every dividend, and up to 40% of the portfolio when you die.

An Irish-domiciled ETF fixes both.

So in this article I wanted to discuss:

1. What the 2 taxes cost for a Singapore investor

2. The 4 ETFs – which to buy, which to skip

3. Whether to buy them on SGX, or stick with CSPX and VUAA in London

https://financialhorse.com/top-4-irish-domiciled-etfs-to-avoid-us-estate-tax-40-and-dividend-withholding-tax-30-sp-500-nasdaq-100-msci-world/

DINKs — dual income, no kids — are often discussed in financial terms.

Two incomes. No child-related expenses. More disposable income.

From the outside, it can look like a purely financial advantage. But that is probably too simplistic.

Dual Income, No Kids (DINKs) in Singapore — The Hidden Financial Risks

https://financialhorse.com/dual-income-no-kids-dinks-in-singapore-the-hidden-financial-risks/

Top 5 dividend stocks to buy in Singapore today – 4% dividend yield minimum. Which would I actually buy after the Fed hike?

Okay so quite a few of you have asked me which dividend stocks are still worth buying in this market.

The STI is up 22% this year and DBS and OCBC are sitting near all-time highs.

All while S-REITs, the traditional dividend play in Singapore, are down about 13% in 2026.

For what it’s worth, I did this exact exercise in October last year, and the 5 names were OCBC, Sembcorp, Singtel, CICT and UOB.

A year on – OCBC is up 89%, UOB is up 20%, Singtel is flat, CICT is down 5% and Sembcorp is down 9% (price only, before dividends).

So… one year on – which 5 dividend stocks would make my list today?

https://financialhorse.com/top-5-dividend-stocks-to-buy-in-singapore-today-4-dividend-yield-minimum-which-would-i-actually-buy-after-the-fed-hike/

Nike and Lululemon fall 80% to lowest price in 10 years — will I buy either stock?

Quite a few of you have asked me about Nike, after the stock got dropped from the S&P 100.

And a few more have asked about Lululemon, after it fell 17% in a single day on its results earlier this month.

Both are down approximately 80% from all time highs.

For transparency – I do not hold either name today. I used to hold a small position in LULU but I closed it after realising the stock was in a downtrend.

This is an FH Premium article that I am releasing to all readers, in the hopes that it helps your thought process.

https://financialhorse.com/nike-and-lululemon-fall-80-to-lowest-price-in-10-years-will-i-buy-either-stock/

To some people, “luxury” means overpriced branding.

To others, it means craftsmanship, rarity, and deep enjoyment.

Both groups are right—depending on what you’re buying and why.

So is “the best luxury purchases that are worth your money” an oxymoron?

https://financialhorse.com/the-best-luxury-purchases-that-are-worth-your-money-is-this-an-oxymoron/

DBS, OCBC and UOB plunge 10% this week – buy the dip, or is more downside coming?

The price action in the Singapore banks this week was… not pretty.

OCBC is down 10% from Tuesday’s high, UOB 8%, DBS 6% – and on Thursday the STI had its worst day since April 2025.

What caused the crash?

And would I buy the dip, or is more downside coming?

https://financialhorse.com/dbs-ocbc-and-uob-plunge-10-this-week-buy-the-dip-or-is-more-downside-coming/

Interest rates are rising again – T-bills at 1.9%, bonds at 3%, or S-REITs at 6.6%? Where I would park S$100,000 of cash today

Back in August I wrote that T-bills paid just 1.56%, and that the honest answer for cash was to accept a small real loss.

6 weeks later, the US 10-year yield has touched 5.36% – the highest since 2002.

The 6-month T-bill has jumped to 1.90%, and the November Singapore Savings Bond pays 2.45% – the best issue this year.

All while S-REITs, which pay 6.6%, are down close to 10% in 2026 while the STI is up more than 20%.

So… if I had S$100,000 of cash to park today – T-bills, bonds, or REITs?

https://financialhorse.com/interest-rates-are-rising-again-t-bills-at-1-9-bonds-at-3-or-s-reits-at-6-6-where-i-would-park-s100000-of-cash-today/

A customer walks into a luxury store, looks at a bag, checks the price and leaves.

They could afford it. They just did not think it was worth the money.

That is a harder problem to solve than a customer waiting for their next bonus.

https://financialhorse.com/is-luxury-over-or-just-overpriced/

Mapletree Industrial Trust falls 47% from highs and pays a 7% dividend yield — why isn’t the AI data centre boom helping, and will I buy?

When Mapletree Industrial Trust (MIT) bought the huge data centre portfolio in 2021, I shared back then that I was not a fan.

The US market is brutally competitive – I just didn’t see the competitive advantage a Singapore REIT had in buying 50% exposure to US data centres.

Real estate is a local business, you just don’t have the expertise to compete with the locals over a longer time period.

So back in 2021 I sold my entire position in MIT, and in hindsight I’m glad I did.

But quite a few of you have asked me about MIT again of late.

MIT is now 47% below its 2020 high, at a 52-week low, and it pays a 7% dividend yield.

This is a REIT where more than half the assets are data centres.

So… at 7% dividend yield, is it finally a good buy?

https://financialhorse.com/mapletree-industrial-trust-falls-47-from-highs-and-pays-a-7-dividend-yield-why-isnt-the-ai-data-centre-boom-helping-and-will-i-buy/

CPF LIFE Standard or Escalating — S$1,780 a month for life, or S$1,380 rising 2% a year? Why the break-even age of 90 is the wrong number to look at

Okay so a reader wrote in recently asking if I could do a piece on the CPF LIFE Standard Plan vs the Escalating Plan.

Before we get into it, one thing that I think is important to note.

The CPF LIFE premium is the same whichever plan you pick, and MOM has confirmed in Parliament that the interest rate and mortality assumptions behind the payouts are the same for both plans too.

In plain English – the Escalating Plan doesn’t pay you less money. It pays you the same money, just spread out differently.

So it really needs to be a personal decision, based on your personal circumstances.

Let’s get into it.

https://financialhorse.com/cpf-life-standard-or-escalating-s1780-a-month-for-life-or-s1380-rising-2-a-year-why-the-break-even-age-of-90-is-the-wrong-number-to-look-at/

Sea (Shopee) shares plunge 19% in 4 days to multi year low after announcing AI business — I hold this stock. Will I sell, or buy more?

The price action in Sea Ltd this week was ugly.

Down 9% on Tuesday, on almost 4 times the normal volume.

Totalling 19% in 4 trading days, and the stock is now down 60% from its September 2025 high.

The trigger was a 700-word email from founder Forrest Li to his staff, marking 9 years since the IPO – saying that Monee (the fintech arm) may go for its own IPO, and that Sea will start selling its internal cloud to outside customers as “Sea Cloud”.

So… was the market right to panic, and will I sell my shares, or buy more?

https://financialhorse.com/sea-shopee-shares-plunge-19-in-4-days-to-multi-year-low-after-announcing-ai-business-i-hold-this-stock-will-i-sell-or-buy-more/

Singapore’s fertility rate has fallen to record lows. More couples are marrying later, having children later, having fewer children, or stopping at one child.

Among resident ever-married women aged 40 to 49, about one in four now have one child.

So only-child families are no longer unusual.

And with that comes a familiar worry: Will only children become too spoilt?

https://financialhorse.com/only-child-families-are-rising-in-singapore-should-parents-worry-about-raising-spoilt-children/

There is something deeply seductive about the all-in investor.

One idea. One massive bet. No hedging. No compromise.

If it works, the investor looks like a genius.

If it fails, nobody remembers the careful analysis behind the decision. They only remember that everything was lost.

So why do otherwise intelligent investors risk it all?

And when does high conviction become plain recklessness?

https://financialhorse.com/risking-it-all-inside-the-mind-of-an-all-in-investor/