
ccloh Strategic Investor Zone
2022-05-29 20:52:49
Journey To Retirement Part 1.5 -- Genting SP
Divested at an average price of $0.79/share. With a holding price of $0.5314/share, this gives net profit of +88.22% with +47.76% of capital gain and +40.46% of dividend return. Since invested in 2006, after 16 years of holding, this gives an annualized return of +2.47% (exclusive of dividend) or +4.03% (inclusive of dividend).Technically, it is not "divested", I just farmed it off to the Trading Portfolio and using it as a tool to churn profit. With the "divestment", Genting share overtook SingTel (14 years) as the longest holding stock since started investment in 1993. Ironically, Genting was also the first stock that I have built up in the 2nd Investment Portfolio.Why the divestment since still in the money for it ? Firstly, fundamentally, it is