Yield Watch:Correction is here for SingPost,M1,Starhub
Not just these 3 stocks, but Lippo Mapletree Retail trust was down 3%. This stock needs to hold 46 cents. Good Yield pickup but to make a long story short, it does not have CapitaMall‘s pedigree as retail in Indonesia could be vastly different than in Singapore. Meaning more risk.
M1‘s chart looks like more downside to go. Volume of these few days selling is high comparatively and 25 day MA looks threathened. 2.04 looks Next Support. Any pickups below SGD 2 dollars is good here. Look for at least a present 7% yield at below that. If not its risk might mean its better to look elsewhere.
Yield Investors might want to take a look at Cerebos Pacific. Since SGD4.10 its been retreating to SGD3.62 with high volume fall yesterday. I have highlighted here that cashflow will find it difficult to sustain its 6% dividend. More fall might make this a worthwhile business to own.
I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. Do follow my Dividend Stock Tracker which is updated nightly here.
Related posts:
- Yield Watch:Sold CMPacific and Paring down SingPost. Bought Starhub
- Yield Watch:Parkway Life REIT Correction
- Yield Watch:Correction day 2
- Yield Watch: SingPost Defensive? Resilient?
- Yield Watch:Starhub surprises, First REIT doesn’t
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