Sell @ $2.20
Halted last Friday towards closing as it went up suddenly on volume… The substantial shareholders are having a strategic review on their stakes – Axiata 29% ; Keppel 19% ; SPH 13%… With the threat of a 4th TELCO driving down Profit Margins, it’s going to be tough to find a buyer unless the price is attractive enough… Axiata is the most likely buyer candidate as they are in the TELCO biz… 😀
Missed the hi of $2.28 as I didn’t realise I have profitable ones… Closed @ $2.17