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Wednesday, June 10, 2020

SGX

Looks like we may see a rebound after this break and see it rises higher to retest $9.00 !

Pls dyodd.



Price has been seeing a free falling from $9.90 to $8.75 then followed by another low at $8.13.



The selling is triggered by this adjustment due to the ending of msci license in early 2021 and I expect the price to rebound for this exceptional move.


Dividend of 30 cents.
Yield of 3.6%
EPS 36.6 cents
PE is about 22.6x base on current price of $8.28.



Short term wise, is crucial to monitor the pivot low of $7.97.
Breaking down plus high volume that may likely go further down to revisit $7.40 then $7.00 & $6.98.


Not a call to buy or sell.
Pls dyodd.


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