Sold LHT, Planning to Average Down on Keong Hong

After LHT announced its report, it gained from 69 cents to 80 cents, and today day high was 82 cents. Past 6 months the lowest price was around 63 cents.. Very sad that I didn't average down last time due to very low volume.

I bought it 74 cents and 76 cents in last year May.. If I average down below 65 cents my return will be superior! But I dont have 後悔藥 haha. In fact I got my reason not to average down. The 1H17 financial report was not that good. In fact, I think FY2017 financial report was not very good too.

The company got one off gain by selling its investment property. Without the one off gain, the revenue drops yoy and COGS drops at a slower pace. So gross profit drops.. Therefore after reading the report I wanted to sell my shares as soon as possible, even though they are able to maintain the dividend payout this financial year. I worried that they might not be able to pay same amount of dividend in next financial year which might cause the stock price to drop.

On the other side, Keong Hong drops back to 56 cents! The boat is back, and anyone still dare to go on to the boat? I bought some at 67 cents and some at 61 cents, think it should be the right time to average down again. Keong Hong just set up a JV, and it might have new business soon.

Anyway STI is not cheap anymore after 2 years rally since 2016, so must be very careful when making any investment decision!

DYODD, huat ah!

Hope won't end up in Kallang River haha.