I have been nibbling 99 shares of CICT daily since 17 Sep 2021.
Let me provide 5 reasons why I did and will continue to do so until 15 Oct 2021.
- Zero Brokerage
Due to the restructure of Capitaland, currently there is a zero brokerage promotion for trading CICT odd lots and CLI odd lots on Phillips Capital. POEMs platform.
As a cheapo, I like to enjoy free brokerage.
- Share price near book value
The share price of CICT has been weak in recent weeks since the restructure of Capitaland and surge of virus cases in Singapore affecting the retail and commercial scenes once again.
The book price of CICT is around $2.055. Hence I would not mind paying close to its actual book value in this period when its share price fluctuate between $2.00 and $2.10.
However, if the support at $2 is broken, we could see further downside for CICT....
