Monday, July 1, 2019

SOLD: Singtel


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




Source: Business Times 27 Jun 2019

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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