Last week, I decided to sell my capitaland (CL) and Hong Leong Finance (HLF)stocks holdings.
Both stocks were bought using my cpf monies.
Sold CL at 3.55 and HLF at 2.7
Made a total profit of approx 6k.
One reason for selling them now was because I decided to buy Singtel.
As shared in my earlier post, one yardstick which I used, is that the dividends from stocks bought using cpf should be >2.5% (interest rate in OA) as these monies came from my CPF OA. If the monies we're to come from SA, the dividend should exceed 4%.
Why singtel. Based on current price of 3.27, the dividend yield is >5%, doubled of OA interest. Although dividend is not a guarantee, i thought it is a decent return. With the 4th telco coming in soon, Singtel share might take another beating which would make it even attractive.
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