$SIA (C6L.SG)$ : After doing much research, I am more or les...
$SIA (C6L.SG)$: After doing much research, I am more or less quite positive now.
After the release of its disappointing first-half FY report, it went for a round of tailspin and may last for about 3 days or so, I might be wrong.
Anyway, at this current level, I personally feel that it is grossly oversold. I think in the short-term, it might slowly crawl back to $6.50 or $7.50 range in about 6 to 12 months' time. Or it may be a very volatile up, nobody knows, but definitely not a smooth ride up.
Next FY, hopefully, we can see $8.50 to $9.00 range. As long as PLF remains above 80% and dividends remain at 48 cents or higher, we are safe. But be careful. Dividends can revise downward.
And also, hopefully, no more unforeseen activities. Just my own opinion only, bear in mind, I can be wrong in my analysis.
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Well just do it
:
Nowadays market won’t consider oversold unless it plummet 60% but if you traded daily you able to make some dun just hold tight to particular counters when is fall short it still able to make some profit
Meng PaPa
OP
Well just do it
:
Yes, you have the point. However, different individuals may have different strategies play. It all depends on an individual's financial means, experience, mindset, age, objectives, stress levels, mentality, tolerance levels, etc. Anyway, it's so nice of you to share your trading strategies. Noted with thanks.
Well just do it : Nowadays market won’t consider oversold unless it plummet 60% but if you traded daily you able to make some dun just hold tight to particular counters when is fall short it still able to make some profit
Meng PaPa OP Well just do it : Yes, you have the point. However, different individuals may have different strategies play. It all depends on an individual's financial means, experience, mindset, age, objectives, stress levels, mentality, tolerance levels, etc. Anyway, it's so nice of you to share your trading strategies. Noted with thanks.