Previously I posted about my thoughts on smart monies outflow from REITs, Telcos and other defensive stocks. Reading this post will get you up to speed as to what I'm talking about.
Next, take a look at this screenshot - it's an extract from SGX My Gateway:
See the screenshot? What do you see?
Yep that's right. Institutional Investors are buying in SingTel. And Singtel closed at 3.52 on 30th April 2018. Of course I can't say if this is a temporary affair or they will continue to buy.
Keep calm and invest based on your own validated reasoning and conclusion, and not because everyone else is doing the same thing.
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