Gotta say that cause of work i missed out on an anticipated trade for Suntec REIT. Moved up quite well today. This end of the year work year can be a bitch to an investor like me who is still working hard.
For those of you interested in investing in the 3 Telcos in Singapore, i have come up with a guide to telco investing on M1, Starhub and Singtel.Its my most comprehensive yet.
Judging by this current state i would most likely take up a position in Starhub rather than M1. The risk to M1 seems larger due to the execution of NBN and its contribution to bottom line. I would rather see one quarter and how it looks like.
Both have reached overbought levels and it may be prudent to wait and buy on the dips for these counters.