Why I Bought a Dull Stock

$SGX (S68.SG)$ SGX is comparatively dull compared to Nasdaq, NYSE, & HKSE. It is known for Reits which are safer but also boring in terms of price movements. Sexy Singapore-based companies like $Sea (SE.US)$ and Grab chose to list in the states rather than SGX. However, in Sept 2021, I added SGX to my watchlist after reading an article stating that Singapore's central bank (MAS) and govt agencies like EDB and Temasek are collaborating to inject life into SGX by grooming promising companies for listings. After watching SGX's share price dropped from 10+ dollars to 9.50+, reading that SGX has amended it's rules to accept SPACs, & announcing dividends of 8 cents, I finally bought SGX at 9.70. Since then, SGX's decision to 1) invest in a private equity fund to buy a trading systems company, 2) Three SPACs announcing intention to list on SGX and 3) announcing yet another quarterly dividend of 8 cents have triggered a small price rise to 9.80+. I view SGX as one of the safer stocks to counter balance the wild and sexy (but more risky) stocks in my portfolio. I will be tempted to sell to take profits if SGX ever goes over 11.00, which might happen if the SPACs prove to be successfully and well received , attracting more SPACs and sexy companies to start considering listing in SGX.