Wednesday, 9 May 2012

Continued to divest in DBS4.7%

Sold away another stake in DBS4.7% pref share after XD. At current prices of above 106, it should be better to hold Hyflux6% for a much better yield. Prices of Pref shares in general have been under downside pressure these few weeks, as investors start to decide whether to flock to less-risky investments or should they start divesting for better capital gains in view of markets being beaten down due to new uncertainties in europe. For the time being, I choose to hold some cash for some good buying opportunities :)

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