Here's what I know:
SingTel fell to the 3.6 range and ComfortDelGro fell to the 2.4 range.
Singtel's drop was due to a large sellout from Henderson Global Investors (HGI), a US130b global fund manager, due to the rising competition in SingTel's key markets, resulting in a 4% drop.
Singtel owns Optus, the second-largest telecommunications company in Australia, and also has stakes in Advanced Info Service Pcl and Intouch Holdings Pcl in Thailand; Bharti Airtel in India; Globe Telecom Inc in the Philippines; and Telekomunikasi Selular PT in Indonesia.
As for ComfortDelGro, it released it's 2017 Q1 earnings, which showed a revenue decline though it was able to grow its profit.
It expects to see growth in the Public Transport Services business but expects revenue declines in almost all of its other businesses including Taxis, Automotive Engineering services, Inspection and Testing, and Car Rental.
Hence the drop in share prices for each of them respectively. Now that I've invested my money in them, it is essential for me to track each counter in the news and monitor them closely. I wouldn't have been so interested in these had I not been in investing. Nice to know how things are unfolding out. A new learning experience everyday!
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Another recent lesson:
After speaking to some of my friends, I was told to take a look at the 52-week price of the particular Counter. One mistake I did was buying SingTel at such a high price ($3.91). SingTel's 52-week range was $3.59 - $4.35. Now that I've known, Singtel would have been attractive in the $3.60 to $3.70 range. So I clearly bought it at the higher end and could have waited and monitored it for a better price. Silly me.
Nevertheless, I will still be holding on to both Counters and will be using Dollar-Cost Averaging to help me bring down the price I've paid for each Counter. For example, if I buy 500 shares of Singtel again at $3.60, it brings down my average price paid per share to $3.75. Not bad considering I have the advantage of time and will be holding them in the long term.
