ST engineering is doing share-buy backs almost daily, substantial shareholder increased stake, but price is range bound and having pressure to the downside. Aerospace is weak, but compare to O and G, you get my point. Think in terms of percentage of revenue and further break it down, ST has problem mainly in Europe which company had restructured. It look like a good deal compared to SCI. SCI is bouncing off its low, and hit a high of above $4.4, whereas ST remain sluggish. Weird. At least to me. The external factors are also more favorable to ST. Weak currency of Sing dollars while ST has a strong and not insignificant US market.
Next, Venture. Aberdeen has been constantly selling, yet it is moving north.
Of course, I owned all three counters, and I am not complaining, it just showed in the short term, nothing is predictable.
The weaker Sing Dollars might help LMIR whose revenue is in IDR, IDR will be relatively stronger, hedge cost will be the same, but revenue conversion will be better. That's why it finally broke out of the range of 33.5 cents to 34.5 cents.
But, I always thought the catalyst will have to be in earnings. But it is the reining in of Sing dollars that is providing the boast now. But if that is the case, why is ST not benefiting?
Maybe more answers will be forthcoming with the earning reports.
Reits are also surprising strong, from just a month ago, definitely more than what I would expect given the impending hike in interest rate be it in June or later.
Maybe, time for me to take some
Profits off the table with the run up of price when dividends is announced ( hopefully)
Are you scratching your head recently?