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Journey To Retirement Part 6.5 — SIA
By ccloh Strategic Investor Zone  •  November 26, 2021
Did a full divestment of the MCB -- SIA MCBz300608.  The divestment was the actual SIA MCBz300608 share but the locked-in stock for it.  The divestment price for the locked-in stock was S$1.04/share.  Couple with the first divestment in Aug 2020 at price $0.98/share, the nett divestment price works out to be S$1.01/share.  As a result of this divestment, capital gain was +1.27%.  At the same time, the locked-in share also received dividend and the dividend return so far was +4.8%. As known, the SIA MCB is a zero coupon bond with an expected conversion price of S$4.84/share upon full maturity.  The move in August 2020 was a strategic one to test out a swap and lock-in to another stock (in particular one with constant dividend) will it provide a better return in the long run. The divestment now doesn't mean the test has completed as presently am doing a major...
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By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
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