ST Engineering

still keep falling:（

Temasek buys and usually hold for Mid-Long term holding.
Unless you are prepare to hold STEngg for Mid-Long term too, else it's better to stay away from this sell-down by institutions.

(20-11-2014, 12:12 PM)brattzz Wrote: Temasek buys and usually hold for Mid-Long term holding.
Unless you are prepare to hold STEngg for Mid-Long term too, else it's better to stay away from this sell-down by institutions.

mid long term is how long?

My order at $3.36 was fulfilled today. Yeh, do not be flustered by daily movements in price. Stay calm and re-examine the reasons which you invested on this company. If still valid, you can look at possible major price supports.

(20-11-2014, 12:32 PM)Caelitus Wrote: My order at $3.36 was fulfilled today. Yeh, do not be flustered by daily movements in price. Stay calm and re-examine the reasons which you invested on this company. If still valid, you can look at possible major price supports.

are you the Caelitus in sgtalk?

how many lot u buy?

i have 16 lot at 3.74

wonder should i buy more?seem like i have quite a lot

(20-11-2014, 12:42 PM)yeh Wrote:

(20-11-2014, 12:32 PM)Caelitus Wrote: My order at $3.36 was fulfilled today. Yeh, do not be flustered by daily movements in price. Stay calm and re-examine the reasons which you invested on this company. If still valid, you can look at possible major price supports.

are you the Caelitus in sgtalk?

how many lot u buy?

i have 16 lot at 3.74

wonder should i buy more?seem like i have quite a lot

Yeh, i have more than you and seriously, dont worry as volitility is normal.

Look at their free cash flow, its huge and consistent ... just enjoy the ride and earn the dividends and nibble as it goes down by tranches of 5% using SCB...by the way dividend yield at current price is above 4.5%...

(20-11-2014, 05:45 PM)Stephen Wrote:

(20-11-2014, 12:42 PM)yeh Wrote:

(20-11-2014, 12:32 PM)Caelitus Wrote: My order at $3.36 was fulfilled today. Yeh, do not be flustered by daily movements in price. Stay calm and re-examine the reasons which you invested on this company. If still valid, you can look at possible major price supports.

are you the Caelitus in sgtalk?

how many lot u buy?

i have 16 lot at 3.74

wonder should i buy more?seem like i have quite a lot

Yeh, i have more than you and seriously, dont worry as volitility is normal.

Look at their free cash flow, its huge and consistent ... just enjoy the ride and earn the dividends and nibble as it goes down by tranches of 5% using SCB...by the way dividend yield at current price is above 4.5%...

well, your average price is higher than me?

Yeh, now that you reminded me, I forgot about that account.

You do not need to compare number of lots between forum members. What is important is that you are comfortable with the composition of your portfolio of the different asset classes. You should also be comfortable with your entry price and recognize that you will need to be patient and level headed when the price does not move the way you want. Next, do you have a war chest that is deplorable when a good stock of yours move down. If it is good, think of it as an opportunity to reinvest in a good company. Some have proposed steps of 5%, you can determine the entry points. Bigger drops occur less frequent so you may want to consider buying more during bigger drops and to throw even the kitchen sink in when a huge one comes along.

Periodically, review to make sure you can sleep peacefully at night.

Different methods work for different people. Do not fret, you will find one suitable for you.

(20-11-2014, 10:24 PM)Caelitus Wrote: Yeh, now that you reminded me, I forgot about that account.

You do not need to compare number of lots between forum members. What is important is that you are comfortable with the composition of your portfolio of the different asset classes. You should also be comfortable with your entry price and recognize that you will need to be patient and level headed when the price does not move the way you want. Next, do you have a war chest that is deplorable when a good stock of yours move down. If it is good, think of it as an opportunity to reinvest in a good company. Some have proposed steps of 5%, you can determine the entry points. Bigger drops occur less frequent so you may want to consider buying more during bigger drops and to throw even the kitchen sink in when a huge one comes along.

Periodically, review to make sure you can sleep peacefully at night.

Different methods work for different people. Do not fret, you will find one suitable for you.

thanks for your advice

Even at this price, I find it overvalued.

At current price, it's at a PE close to 20. If the next few quarters continue to report similar profit levels, PE will creep further up, and there could be more selling. Personally, I would not consider entering until it reaches sub $3 levels.

However, if you're a mid-to-long term investor of this counter, there are still many reasons not to panic:
1) Stable dividend yield. STE has been generating sufficient FCF to sustain it's 4% dividend per year. Even as it is reducing its payout going forward, this is still a good reason to hold.
2) Niche industry. Defense is always a necessity and with MINDEF taking up a significant % of its business (less than 50%) and defense budget continually increasing, it is still sustainable. Having said that, my worry is that STE is not able to keep up with the latest defense tech.
3) Backed by TH. TH also added more to their holdings in STE, as pointed out by some of you.