Category: SGX

Sell @ $7.70

Contra off… STI rebounded (+23.83 @ 2892.52) after Friday's drop (due to Swiber Liquidation), followed by a switch to JM… 😀

 

Buy @ $7.58

A quick change in direction… buy back some… 😀

Buy @ $7.58, $7.53

Average up… Q4 was bad… but mainatained FY 28ct div ie 13ct for Q4… Analysts are -ve, mentioned many big delistings like NOL, SMRT… also fewer IPOs… 😀

Sell @ $7.70

Contra off… STI +29.10 @ 2876.14, following US on Better than Expected Jobs Data… SGX +12ct, can't resist taking contra profit… 😀

Buy @ $7.57, $7.53

Average up… STI was weak, -30 during the lowest before closing -15.13 @ 2847.04…  SGX closed -8ct @ $7.58, with low $7.51… 😀

Buy @ $7.26

BREXIT happened… STI -58.46 @ 2735.39… Low 2715.76…. 😀

Not many stocks in my watchlist was dropping more than STI, except for Banks… which are still not attractively below my highest Sell Price. My preferred target was STI ETF but below $2.80, it wasn't following my formula of STI / 10 + 4.9ct (Div)… More like +6 or +7, hitting a low of $2.78 occasionally, when I was expecting $2.77 or even $2.76

Buy @ $7.47, $7.43

Too bad didn't contra off the previous buy when it hit $7.5x… Buy more instead… Not sticking to original plan of selling before BREXIT referendum… Mkt seems to be relying on +ve betting odds (for Remain) when Opinion Polls is indicating a very close fight… Altho' Betting Odds is indicating a 70%++ odds for Remain, it only meant more Bets are being placed for Remain…   😀

Buy @ $7.41

A new addition to my portfolio. Buying ahead for the Q4 results (29-Jul last year). If FY13 – FY15 Div = 28ct is maintained, Q4 Div = 13ct… Looking at 9M EPS = 25.4ct and Dividend Policy = 80% of NPAT, this is possible only if Q4 EPS = 9.6ct vs 9ct (Q415)… 😀

Buy @ $6.86

Jump-Q during 9am matching to average down the $6.89 ones I just got yesterday. Quite scary to see it drop, even though we were half expecting it to drop to $6.70 any time due to lower vol yoy.Be prepared for the worst, sold my SIAEC to free up cash, in case I need to average down further… 😀

 

Sell @ $6.93

Contra off both today's and yesteday's buys. For the past few days, we can see a battle between Buyers and Sellers, with the Sellers winning during Open and Close. In between, it can hit a good enough high for contra purpose. After selling, it hit a high of $6.95. Still, am very pleased with the Kopi-$$ made.. 😀

Decided to give it a miss during 5pm matching when it was matched at $6.89. Will look at the month end data first and see what happens next Monday.

Sell @ $6.95

Contra off for some kopi-$$. The observation is that someone had been selling and preventing it from hitting higher. Decided to take profits first as it looks good for multiple short term trades… 😀

 

Buy @ $6.89

Jump-Q during 5pm matching to buy back. Looks like someone really have lots to sell… 😀

Buy @ $6.90

A new stock to my portfolio. Just added to YieldStocks blog this month as it meets our min. 4% yield criteria. Some info,

• Div 4ct / Q with extra Variable Div in Q4, depending on excess cash
  • For FY13, Variable Div = 12ct
  • FY13 EPS = 31.43ct vs Div = 28ct
  • FY12 EPS = 27.32ct vs Div = 27ct
• FY14 9M EPS = 22.72ct
  • Q414 (Jun) likely to see yoy drop due to lower volumes seen from Q314
  • My estimate is FY14 EPS = 29ct but still possible to match FY13 Div = 28ct

SGX releases monthly business data. So far, for Q4, April data had seen a huge drop yoy and May is expected to follow the same trend.

Despite my expectation of a continued weaker Q4 yoy, I have decided to start buying SGX at current prices as I'm expecting the expected high Q4 absolute Div to provide good support to share prices…. I hope… Any drop, especially after they release weaker yoy monthly data, I plan to collect more. Will treat it as a replacement (currently SIAEC)  stock for the Yield Rotation Strategy 😀