Keppel Corp I sold 1 lot at $8.16, after it gapped up consecutively and +16% over 5 days. After I sold, it continue to climb, i.e. +24% from the low of $7 after the bribery settlement news. I may cash out 1 more lot if the prices continue to gap up, to lower the concentration of Keppel Corp in my portfolio. It has been lowered from 30% to 25%.
Hyflux 6% CPS On the same day I sold Keppel Corp, I bought Hyflux 6% CPS 100 units at $91.70. I thought it was a no-brainer to buy it because the CPS redemption date is 25 Apr 2018, and the shares are going below $92. There is also a 3% dividend payment on 25 Apr. That's a total of 8% + 3% = 11% in 3 months. If Hyflux doesn't redeem the CPS, the dividend rate will be increased to 8%, which is even better right? If Hyflux doesn't redeem the CPS, they are also not allowed to pay dividends to the shareholders of the Hyflux shares. However, I dared not show-hand on this. Keep wondering if I am missing out on anything...
Stock markets around the world are hitting new highs everyday. It's feels like Apr 2015, which is the typical post financial year end reporting euphoria-effect, just that financial year end reporting has not started. This means that it can only go higher, which is probably fuelling the confidence. You would be sitting on 50% gains if you have bought the STI ETF in Feb 2016 at $2.50. Or better, you will be sitting on 80% gains if you have bought Keppel Corp in Jan 2016 at $4.70. Or even better, you will be sitting on 105% gains if you bought DBS in Feb 2016 at $13.01 (To date, I still remember this day because I was queueing at $13.00 and it didn't hit.)
Ok, enough dreaming and back to reality. It's back to the waiting game again -- waiting for the right price.
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| Proxy indicator - STI ETF stock code ES3 |
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| Keppel Corporation |
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| DBS |
