Buy @ $3.53
Add back to my portfolio. A better timing to look at it would have been closer to their FY end in Mar. However, it has dropped below my previous buy price and perhaps worth a short term bet. Seller CP = Goldman Sachs. Looking at the huge volume, perhaps major rebalancing… Hopefully, not a prelude to Temasek placing out their SingTel shares at a discount…
PE= 16 ; Yield = 4.75%, altho' not fantastic, is more attractive to me as compared to the other 2 TELCOs (M1 : PE = 28.95 ; Yield = 4.51% @ $$3.24 ; StarHub : PE = 19.29 ; Yield = 4.76% @ $4.20).