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SOLD: Singtel
By CompoundingDividendxDividend  •  July 1, 2019
Sold my 9,000 shares of Singtel on 28 Jun at $3.50 Total profit, including dividend, of $897.45 (2.7%) in 2 years. Also sold Mrs CDxD 3,000 shares of Singtel on 28 Jun at $3.50 Total profit, including dividend, of $204.87 (1.8%) in 1 year 8 months. Reason for selling: 1) Net Profit dropped 2) Huge CAPEX required to build 5G network 3) Current dividend 17.5cents not sustainable Fool.sg had a very good article to explain why the current dividend 17.5cents are not sustainable Additional reading here 4) Preparing for market crash Bull cant run forever. I still think we might have a recession latest by end of 2019. Related article:...
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By CompoundingDividendxDividend
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