ST Engineering’s share price has rocketed 90% YTD. As a long-term shareholder, I explain my decision to take profits based on a DCF intrinsic value calculation, the low dividend yield, and why the current price may be overheating.
If you’ve followed my journey, you’ll know ST Engineering (SGX: S63) holds a special place in my portfolio. It was one of my first Singapore stock purchases years ago, and I’ve been happily collecting dividends ever since.
But after an impressive 90% surge year-to-date, I’ve made a tough decision to start selling.
For a stable, blue-chip company like ST Engineering, a move like this demands a hard look at the numbers. After running the figures through my valuation model, I’ve decided to realize some profits by selling about 15% of my holdings. Here’s a breakdown of my thought process.
Reason 1: The Math Doesn’t Add Up Anymore (My DCF Analysis)
As a value-focused investor, I always
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