We written that 3.06 on Singtel is pretty significant and on Friday it reached 3.01.
On Friday, Starhub finally went down a huge 2.9% to 2.66. Both these presents good opportunity but I reckon people would wait at 2.90 for Singtel and probably much lower for Starhub.
To be honest, after market went straight down for 6-7 weeks, the chances of a snap back is rather high. Based on how oversold it is on both sets of breadth indicators and that Starhub have always been above the 200 day MA, I don’t expect both to be lower next week.
The high probability outcome is a move up. If it doesn’t happen, you guys will get your dream of accumulating these 2 telecoms at much lower prices.
For those interested in tracking my most current holdings, you can review my portfolio over here. Learn to use our Free Stock Portfolio Tracking Google Spreadsheet to track stock transactions.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Enlightening Thoughts from Venture Capitalist’s Resignation Letter. - September 16, 2024
- How to Create Nice Separation of Your Investments in One Interactive Brokers Account. - September 15, 2024
- Jonathan Clements Unique Way of Dying. - September 12, 2024
FoodieFC
Monday 20th of June 2011
Hi,
which website do you use to get the chart data (TA) that you have shown for singtel and starhub?
thanks.
Drizzt
Wednesday 22nd of June 2011
hi FoodieFC, great blog there i should RSS your blog for the wonderful pictures.
The charts are taken from DecisionPoint.com. its a paid service for TA charts.
Temperament
Monday 20th of June 2011
Hi, I see. But i mean i like best like SPH's cash reserve or SIA Engg's. Of course the nature of the businees may allow the Company to operate on a lower % of cash to capitalization or lower equity to debt or more debt to equity.
I think it's the same for an individual:- the nature of his occupation may allow him to use his cash flow to the maximum to service his liabilities(debt). This means he has no cash reserve as assets to cover his debt in an "emergency". Do you think this individual should operates this way. What's the difference between individual and company in this comparison? In fact, can we compare them at all? Of course, some company may be able to ask the public for more money if it's operation is still viable. But the individual? Can you share your take of this?
gregg
Sunday 19th of June 2011
Hi Dividends Warrior,
I like your Average Price for the three telco company..... you are awesome..
gregg
Sunday 19th of June 2011
Hi Temperament,
As long Starhub keep maintain their dividend payout, 5cents/share, with DY@7%~8%, i would happy to keep putting $$ to this counter. I am dreaming of owning 50lots of starhub somewhere at my retirement age.....
Dividends Warrior
Sunday 19th of June 2011
Hi Drizzt, Temperament & Gregg,
Actually, I have no strong preference on any of the 3 local telcos. Tats why I decided to get all 3 bcos they are all good. Lol. ^^