Add ComfortDelgro or DBS, OCBC and UOB?

Reader says to AK:

Thanks lots for your sharing. 

I just started reading your blog recently after hearing from my brother and sis-in-law. 

May I seek your thoughts on averaging down comfort delgro?

AK replies to reader:

I used to think that ComfortDelgro was a very defensive investment in the transport sector unlike SIA.

See:
ComfortDelgro: Analysis.

That was until the pandemic hit our shores which saw the entire sector impacted badly. 

Small comfort but ComfortDelgro still fared better than SIA during the pandemic.

See:
COVID-19 and ComfortDelgro.

The worst is probably over now for ComfortDelgro unless we are hit by another pandemic or something just as bad. 

However, ComfortDelgro still has headwinds such as the irrational competition from GRAB and also FOREX risks due to a relatively strong Singapore Dollar. 

A pretty significant portion of ComfortDelgro's income is derived from overseas ventures, after all. 

The British Pound Sterling, the Australian Dollar and the Chinese Yuan have all weakened against the Singapore Dollar. 

I would rather add to my investment in our local lenders, mostly OCBC and UOB, which seems like a better idea than investing in ComfortDelgro as their earnings enjoy a strong tailwind with rapidly rising interest rate.

Of course, this is my plan for myself.

All of us need a plan, our own plan.

Just talking to myself, as usual.

Reference:
DBS, OCBC and UOB at 40% of portfolio?