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Big boys targeting SingTel stock!

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After suffering from heavy shelling for the past few weeks, SingTel stock recovered from multi-year low of $3.02 to climb to $3.24 on 10 July 2018. The latest technical rebound of SingTel stock must have left investors wondering if this blue chip has indeed bottomed out. Before rejoicing, it is important to note that the big boys, namely the institutional funds had been targeting SingTel stock for the past two months.

According to Singapore Exchange (SGX) Institutional Fund Flow Monthly report, the month of May saw institutional investors net sold an epic $1.10 billion worth of Singapore stocks.

I could be wrong but I do not recall the outflow of such magnitude from Singapore stock market in recent years, apart from the Great Financial Crisis in 2008. The net selling by institutional players continued through June, with institutional net selling $257 million worth of Singapore stocks.

A more chilling revelation in the reports is that SingTel had been targeted by the big boys as SingTel stock had consistently topped the net seller lists since December 2017. In this article, I am going to show you how the big boys play the game and why you must avoid collision path with the big boys because there can only be one outcome.

My job here is to share with you my insights and research of SingTel stock. Hope you find it useful and subscribe as member to gain a more holistic view of SingTel stock.

SingTel stock

SingTel stock became target board

When it comes to stocks, never just look at the business fundamentals. Of course the fundamentals are important, but you need to pay attention to the movement of fund flow as well because they are the movers and shakers. For SingTel stock, there were five “earthquakes” ignited by the big boys in December last year, and during this year’s January, February, May and June.

Period Net Sell Amount Remark
December 2017 $117.4 million Top of net sell list
January 2018 $97.7 million Top of net sell list
February 2018 $150 million Top of net sell list
May 2018 $285 million Top of net sell list
June 2018 $147 million Top of net sell list

 

The graph below shows that SingTel stock [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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Updated: July 11, 2018 — 3:22 am

3 Comments

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  1. To institutions, Singapore is almost considered Emerging Market, especially since its economy is so open & tied to the manufacturing/commodity economies of EM Asia.

    Hence will always have huge outflows whenever strong USD, rising Treasury rates, and other EM shocks.

  2. Hi Sinkie,

    Yes, I do agree with you. Question now is: what position should retail investors take?
    Run for their lives or long-term buy and hold their equities?

    Regards,
    Gerald
    http://www.sgwealthbuilder.com

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