Sell @ $1.48
Sold my lowest priced ones at the same price as my buy price… Profitable if I add in Div = 1.75ct collected…. 😀
Recent news (Sep) which will be negative for SMRT is the record $5.4mil for the island-wide breakdown on 7-Jul. We may see this affecting the coming Q2 results. For reference, Q1 Net Profit = $20m.
Another potential negative is the news article on the growing popularity of Uber & GrabCar. It was mentioned that some taxi companies are already seeing taxis not rented out to drivers. I'd infer that we're starting to see the first group of taxi-drivers switching to become Uber or GrabCar drivers. The same article also mentioned that it's cheaper to rent a car (~$55) vs taxi (~$120), no min. drive hours, age,… for Uber / GrabCar drivers. Strong push and pull factors… unless govt regulation comes in to put some obstacles…
Anyway, play safe… reduce my not-so-tiny holding before Q2 results tomorrow…