SingTel share price on course for explosive meltdown?
For the past two weeks, SingTel investors must be feeling wretched as SingTel share price free fall from $3.26 on 30 August to $3.10 on 11 September. The shares had not reverted to the dismal 6-year low witnessed on 3 July 2018 yet. But given the bearish trend, I will not be surprised if SingTel share price experienced yet another explosive meltdown and crashed to below the $3.00 mark in no time.
Although SingTel is the second largest cap in Singapore stock market, investing in this leading light of STI is not easy because this counter is susceptible to short-selling attacks. Unlike local banks, it is also not Temasek Holdings’ style to defend SingTel share price through aggressive shares buyback. Instead, it appears to me that the management of SingTel prefers to let the financial results of the company do the talking. Due to these factors, SingTel share price is expected to experience much volatility in the coming months and investors must have the stomach to withstand the roller coaster ride.
Seeking the truth from facts
In my previous article (24 July), I wrote that “SingTel share price destined to collapse after ex-dividend day”. In that article, I …
The post SingTel share price on course for explosive meltdown? appeared first on SG Wealth Builder.