The market continues to wobble down today as it hits a level of 2,800 before bouncing back a little.
I took a chance to nibble some shares of Singtel which I bought at $3.85 for 3,000 shares.
My plan was to stock up some purchases when the index hits a level of 2,800 as part of my nibbling strategy and Singtel quickly came to my attention because of the various decent factors which I met my criteria.
Keppel, SCI and Banks are all strong contenders which I would like to add at some point but thought I’d wait out a bit more to get a better valuation than what they are offering now.
I've never previously owned any telcos in my portfolio so this will be the first time I did that.
The nature of the telcos business generally allow them to generate strong cash flow ability and predictable ...