I did some trimming today on the portfolio and the 3 casualties are the above.

Singtel

I have sold some of my Singtel not too long ago. This is probably my last 1000 shares. The main reason being a 4.8% yield is not a hard hurdle rate to beat. I can probably funnel the recepts into something similar yielding yet with the same risk profile. Singtel do have a few headwinds, and I really don’t like selling it like this since in times of trouble you should be buying instead of selling. It still got a pretty good story to it with a 6.9 million population. Not just that but regional affluence and population increase will also drive it. Yet in the mean time it does have much headwind. Optus is facing intense competition as well as Bharti in India facing declining revenue. The problem with telecom is ......