Category: SMRT

Sell @ $1.525

Decided to clear my last lots at a loss…. STI +66.66 @ 2629.11… SMRT had been going up from $1.38 on day of Q3 results (25-Jan) … EPS = 2.42ct, back to Q3 (Dec-11) level! Looks good, but with many stocks now looking a lot more attractive at higher Yield and lower PE, I was planning to switch… but, today, my target stocks also +ve… perhaps month end window dressing… or BOJ rate cut to -ve… or techincal rebound… or ??? Anyway, good to have free cash for CNY… can't wait till end-Feb for Dividends… 😀

Sell @ $1.455

Contra off… With STI -30.7 @ 2886.08, may be a good idea to free up some cash… 😀

Buy @ $1.445

Finally decided to buy back some… Quite reluctant as there were many other choices… 😀

Sell @ $1.505

xd today (Div 1.5ct) and pleasantly surprised to see it +1ct. Decided to reduce my stake further… at more losses… Can be a "short" or a switch…. 😀

Sell @ $1.475

Contra off…. Hit a high of $1.50 today…. Scary to see it drop to $1.43 after I bought… roller-coaster up today… 😀

Buy @ $1.455, $1.46

Buy back some, covered back half of my recent sale… A lucky "short", for once….

Excitement for almost the whole day as only 100 shares were done in AM before it rebounded to >$1.47. Finally decided to buy some in late afternoon at $1.46 when it went down again… with $1.455 ones subsequently fully done… 😀

 

Sell @ $1.515

Reduce my stake further… at more losses… will use the funds to switch to other stocks… hopefully, will be more positive to my Total Assets in the longer run… may even buy back if it drops and treat it as a short… 😀

Sell @ $1.49

Fear of a weaker Q2 results made me decide to pare down my stake a bit more… at a loss… 😀

After mkt closed, Q2 results were released. EPS = 1.69ct, just a tiny bit lower than 1.7ct last year and better than 1.32ct qoq… Looks like mkt knows better than me… but the good recovery from ~$1.30 looks too good to be true…. Hope I'm wrong as I have a lot more to sell!

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…

 

Sell @ $1.46

Contra off, finally one profitable trade… SMRT CEO must be saying the right things… even tho' I don't quite agree with what he said…  but, I'm glad it stemmed the fears of a max $50mil+ fine… 😀