Monday 16 September 2024

Sold some Singtel

 



3000 @ 3.33 has a nice ring to it. As I mentioned in my previous post, I have added a HK/China dividend ETF to my FSMOne RSP 3110.HK. In addition, I plan to deploy cash from Singtel into 3110.HK.

It's true many are saying that China/HK stocks are a deathtrap, but when it comes to dividend stocks, a lot of them are slow and steady businesses such as the banks which are essentially "Govt-linked companies." There hasn't been any regulator crackdowns on the big Chinese banks for good reasons. 

On the other hand, SIngtel's sudden rise to $3.33 may not be justified by fundamentals, and given the pretty sad price performance of the counter, I can probably rebuy these 3000 shares cheaper when it corrects.


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