Finally, I added a telco (Singtel S$3.05) into my portfolio.
I have been waiting for Singtel to drop for quite some time now and for the past few weeks it has indeed drop lower and lower. After a while, I decided to add this as part of my long-term portfolio. I queued for this in the morning and only got it at around 4.40 pm so huge support at 3.05.
My basis for buying this counter is because of its dividends which yields at approximately 5% and will go ex-dividend in August (S$0.09) and December, which is not a very long time given that now is already June.
Having said that, as I am typing this, Dow is down another 140 points (not really shocking given the circumstances these days) so I will be more than happy to add more to my position if the price is attractive enough.
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