Monday, December 15, 2014

Stocks- Chip Eng Seng

I am still monitoring Forex.
Just that this time, I also pay attention to the overall trend.
I use Daily candles.
Cause the platform I am using, only for Dailies then I can zoom out to see the trend.

I have no holidays, and a little bonus.
So I am currently studying shares now.
It is great that I learnt more.
I recently bought Chip Eng Seng. Why?

Construction and building company.
Singapore's infrastructure is constantly upgrading, the company is one of the major civil engineers.
Singapore's target of 6.9 million people on 2020.
The company constructs many BTOs (New flats for new couples).
There had been many Share Buy backs, stocking up on their treasury shares.
The PE ratio is low, around 7.
The attractive part is that Sep financial report is superb, around double the net profit of the same time last year.
Another thing, they pay decent dividends. Around 4.5%.

Currently, I am also learning about web development.
Got many inspirations. From my army friend, and my secondary school friend.
It seems good to have a purpose even when I am home.
The feeling of spending time on something and knowing it can improve my knowledge and my skill.
It is also relevant to my work, as I broaden my knowledge about programming.

Overall, things are good~

No comments:

Post a Comment