SingTel share price started it's downtrend correction from mid 2015, when the news on the incoming 4th Telco were finally firmed. After two and half years of downward trend, recently, I had friends who came to me and told me that the share price is attractive now at about 5% dividend yield. For my own education, I decided to take a quick look.
Quick FA
Avg 7 years of dividends is 0.19c
15 times = $2.85
18 times = $3.42
23 times = $4.37
At today's closing price of $3.35, do you think it's attractive.
Quick TA
It has broken the key support level, and probability of it hitting at $2.9 is high as the chart is weak and ......