ThaiBev - Beery good results

First victory recorded in September!

Thai Bev was purely an impulse purchase due to the steep discount offered by Mr Market.

Sentiments appear to be turning for Thai Bev and the share traded up to $0.695 on 24 September. I gladly accepted the market's offer to take the shares off my hand and cashed out entirely.

I debated briefly whether to keep some and "let profits run". I decided against it eventually because I do not know enough of Thai Bev's business and fundamentals to retain the stock long term. In the money is in the money.

All in all, a decent 9.58 % return in 2 weeks. Well at least it covers the rent and then some.

I did retain Kep Corp, which has now rallied to cross the 7.15 mark. It appears Kep Corp may be looking to divest its stake in M1 through KT&T. Kepland also secured a new land parcel in Nanjing.

Blue chips will always be blue chips. You might not get them at the lowest. But a dollar cost averaging strategy for SG blue chips apppear to work well. When time permits, I would be very interested to back-test a DCA strategy for SG blue chips over five and ten year periods and see if my hypothesis checks out.

Comments

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