SGX

I am waiting for it to go down to revisit $7.00 but seems like market doens't want it to come down!

Have been monitoring this counter seeing it sliding down from a high of $8.50 to a low of $7.07.
Dividend of 28 cents for the past five years, yield of 4% would be nice to have if price is trading at $7.00 and below.

Let's see if market will bring it down to $7.00 again!
I think patience is needed for the right price to appear.

From TA point of view, it is still on a downtrend mode .

The current price of 7.17 is trading below its 20, 50, 100 & 200 days moving average, this is rather bearish.

I think price may likely move up to retest 7.23 level which is also the 20 days moving average.
Reclaiming of this 20MA and staying above would be quite positive.

Failing which, it may continue to retest the recent low of 7.05. Breaking down of 7.05 with high volume that may continue to see the price sliding down towards 7.00 then 6.80 level.

This counter is currently under my watchlist.
I am thinking to slowly accumulate if price goes below $7.00.
I think value is creeping up with a yield of 4% which is quite good for a nice dividend income.
It might be a good idea for me to use DCA .
I think overtime, this counter would still be around as it is the only Stock exchange authority for the local market.

NAV of 0.949.
Trailing EPS of 34.1 cents.
I think PE is about 21x.

Not a call to buy or sell.

Please do your own due diligence.

Trade/invest base on your own decision.

Singapore Exchange Limited, together with its subsidiaries, operates an integrated securities exchange and derivatives exchange in Singapore and related clearing houses. It operates through Equities and Fixed Income; Derivatives; and Market Data and Connectivity segments. The company provides issuer, securities trading and clearing, post trade, membership and collateral management, derivatives trading and clearing, and market data and connectivity services. It also offers counterparty guarantee, and depository and related services for securities transactions; bond trading services; front-line regulatory functions; and computer services and software maintenance services, as well as consultancy services. In addition, the company provides and distributes bulk freight market indices and information; and operates regulated freight derivatives trading facility and electricity market. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.