SingPost Still Going Upwards

My last update on SingPost if anyone is interested.

Currently SingPost is trading at S$1.215, I can choose to sell at S$1.21 and take a profit of S$273.01. By the way, it's currently trading with dividend until 6 Feb.

The question is, how high can the price go? Let's look at the following table:

Date Target Price Call Source
28 Jan 2013 1.23 HOLD OCBC
28 Jan 2013 1.21 HOLD Maybank Kim Eng
28 Jan 2013 1.14 HOLD DBS Vickers

Now who should I believe? Actually I think SingPost can go above S$1.22 no problem, even after dividend, it will probably stay around S$1.2x or more, it's a good place to park money. And STI seems to be a bit high, some people are expecting a correction to come soon, but then again, it's hard to say, the US economy seems to be quite stable for now as they have avoided the fiscal cliff by pushing the deadline to March plus they have unlimited borrowing until 19 May.

So from now until March, I expect SingPost to steadily go up.

Comments

SingaporeMemoryProject said…
This comment has been removed by the author.
05 February, 2013 16:59
Lucas said…
If you are into value investing, you should, like Warren Buffett, wait for the market ("Mr. Market") to crash, then you buy more shares of such value/ dividend stock in the bear market instead of in the bull market. It's more worth. Warren Buffett only buy in stock when the market value is, within his safety margin, below his desired price range/ point.
08 February, 2013 14:18
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