It's been some time since my last post. A few things had happened.
Keppel and SembCorp Industries
Temasek has walked away from the partial takeover deal of Keppel, whereas SembCorp Industries' demerger plan with SembCorp Marine was approved.
It was kind of bittersweet, as news of Temasek caused Keppl's share to plummet breaking below $5 a share. Approximately 43% of my investement are concentrated in Keppel and this is concerning. But I did not panic as much as I thought I would. I believe Keppel will be able to ride out this pandemic and I am still holding onto my Keppel shares. This presents a buying opportunity. As Warren Buffet once said, if you want to buy something, you would wish its price goes down, and not up.
I may consider to load up on Keppel if its price goes below $4.
For SembCorp Industries, its shares remained largely battered. Though it was a breather for SCI to demerge from SCM, there was generally pessimism and its price remained below $2. I would continue to hold onto the shares as I believe it can ride out this pandemic.
I am still in the midst of accumulating cash so I have a few shares in mind to stock up on should their shares drop. Keppel or Singtel. If Singtel share drop below $2, I may stock up on this compared to Keppel.
In a recession, cash is King. Hopefully I can save enough by year end to be able to buy these stocks in greater quantity. My usual buying quantity is 5k or 10k of each stock.
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