First warchest for ST Engineering activated and my first X’mas present for the month 🙂
I entered a small position for ST Engineering today at $3.80 after a few days of general continuous decline in the STI market.
ST Eng has always been a stock that I’ve always liked due to its defensive nature.
I’ve previously bought and sold the stock for massive profits and now I am glad to have them back at a price I am comfortable to hold them again.
At current price, they are slightly below the 5 years historical PE mean of 20.62. With the overall market declining, there could be potentially more meats to go down. At that point, I will accumulate a few more of this potentially strong stock.