SingTel @ $3.10

Buy @ $3.10

Am surprised that the news of them making S$118M from divesting their entire stake in Taiwan's Far EasTone resulted in SingTel -4ct today. It must have been a case of buy in anticipation and sell on news ie. insiders trading!

I just decided to raise my target buy price to collect ahead of their 2H results on 10-May (AM). Am expecting Div = 9ct (same as last year and no Special Div). But, it may be as low as Div = 7ct as the EPS to date is worse than last year. 😀

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