Shares & Derivatives
AK went shopping in the (stock) market.
By A Singaporean Stockmarket Investor (ASSI)  •  November 29, 2014
Mr. Market has been feeling rather pessimistic of late. In the last trading session, I bought stocks of the following companies': 1. SembCorp Marine 2. SembCorp Industries 3. ST Engineering These companies have relatively strong balance sheets and order books to keep them busy for years. It is hard to imagine that they might be going the way of the Dodo. Of course, prices could weaken further. If they should weaken significantly, I would probably buy some again. Buy some again? Yes, I will continue to pace my purchases in the face of possible continual market weakness. We do not know when prices have bottomed until we are past the bottom. So, nibble, don't gobble.
Not quite the Great Singapore Sale, for sure.
During the GFC, we saw SembCorp Marine and SembCorp Industries trading at PE ratios of 7x to 9x. Personally, ......
Read the full article
By A Singaporean Stockmarket Investor (ASSI)
Have a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance