[Official] Singapore Blue Chips CD tracking thread

SpinFire

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OCBC break resistance liao. It has been the laggard bank among the Big 3. Finally catching up.
11 Feb announcing results, with dividends too :D
 

Perisher

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Singtel chiong to 4.15!
Starhub 4.28!
M1 3.88, taking a rest before chiong up?

I remember 2 years ago all 3 telcos chiong up for a few months. Is this happening again?
 

spiritGate

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Singtel chiong to 4.15!
Starhub 4.28!
M1 3.88, taking a rest before chiong up?

I remember 2 years ago all 3 telcos chiong up for a few months. Is this happening again?

see if I can get M1 today... hahahaha
 

eveee99

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ST Eng is really cash rich ... keep buying back its shares, almost every day ... really wonder if it's cos results are likely to be good?
 

doody_

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ST Eng is really cash rich ... keep buying back its shares, almost every day ... really wonder if it's cos results are likely to be good?

The reasons are clearer when people buy... most likely it's a good deal.
 

felixleong

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ST Eng is really cash rich ... keep buying back its shares, almost every day ... really wonder if it's cos results are likely to be good?

I think cause 3rd quarter results were bad, which lead to a sharp sell down to a 2 year low

so the pressure is for management to push up the stock price, don't forget that these guys have a lot of stock option on hand.. if the stock price is low.. their options are not in the money

STE is a net cash company, so they have no problems funding large purchases of their own shares, in which the 2 key points to boost the stock price are

1) show of confidence towards investors, doing open market purchase helps create psychologically price support

2) better per share figures for Q4 and full year returns, because there is less outstanding shares, the same amount of earnings will be spread among lesser shares, thus a better looking EPS

cheers
 
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