As per my previous post in Nov 2016 (click here to see), I've chosen Singtel (Z74) as he stock to go on "DCA" (the reason why I bracket it is because my original intention is not to strictly invest every month but rather retain the flexibility to enter as and when I viewed that the price is right). Well, you may argue that I should not even call it DCA (Dollar Cost Averaging), you are probably right, but who cares, it doesn't really matter lol
Since Wednesday (12/04/2017), for some "good" reason, Singtel share went through a phase of massive short selling, the share price has dropped about 3.5% (from $3.90 to $3.76 at yesterday's closing). So, I took this opportunity to accumulate the Stock in two tranche (500 @ $3.81 and another 500 @$3.76). In total, I have accumulated 1,500 shares with the average price of $3.78.
Are you doing any DCA? If yes, on which particular stock(s)?
Cheers!
I Want to ask you . . . Can Singtel improve Optus revenue without 700MHz spectrum ?
ReplyDeleteActually . . .TPG Telecom has unveiled plans to build a $2 billion mobile network, with the telco raising $400 million from the market to become the fourth mobile operator in Australia..
Right now my Financial Adviser is - http://www.mmfsolutions.sg/
They have Suggest me about that
Hi Andy,
DeleteThanks for the comment. I guess it's too early for everyone to say the actual impact of the spectrum thingy but I think good for Singtel is that they are satisfactory diversified in their business.
Hi Richard
ReplyDeleteMutated DCA, I like that name. Sounds like a xmen marvel series :)
Hi B,
Deletehahaha, I can only be that creative from the movie buff angle :-)
The telco market in Singapore is saturated. While Optus is not performing well down under.
ReplyDeleteHi Alex,
DeleteI believed you are the Alex that I knew right? lol
Ya, agreed with you but among the 3, Singtel is the most diversified one in their business models.