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Saturday, June 13, 2020

SingTel

Chart wise,looks a bit shaky!
Hopefully, it can rise higher to cover the Gap at $2.56 and rises above $2.60 level to resume the uptrend mode!


I think the final dividend may rise again given the facts that the dividend was cut due to provision for overseas venture tax and conserving cash due to market situation.


I would think the final dividend may raise back to 6.8 - 7.2 cents that may give us an estimated yearly dividend of 14 cents.

Short term wise, I think likely price may rise to cover the Gap and rises higher to retest $2.60 then $2.66 with extension to $2.80 level.


Not a call to buy or sell.
Pls dyodd.

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