Thursday, July 16, 2015

SPH: What a rebound as predicted 2 weeks back?

Congrats to those who manage to accumulate this defensive counter near 4.05 when everybody was fearing 2 weeks ago.  NOW AT 4.17, almost hitting our target at 4.20.  J

Sent: Friday, July 03, 2015 11:06 AM
Subject: ******* SPH: Can accumulate as it nears support again, price 4.07
SPH has been trading above 4.05 support level since Feb last year with its current trading range from 4.05 to 4.20 for the past 6 months. Those looking to stay invested amidst the ongoing crisis can consider locking in some defensive positions above 4.05. Can consider trading the range for any rebound back to 4.20 when the cloud clears. Not for contra, for longer term holding and strong dividend yield of more than 4%.

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